On January 2, 2020, Howdy Doody Corporation purchased 17% of Ranger Corporation's common stock for $53,000. Ranger's net income for the years ended December 31, 2020, and December 31, 2021, were $17,000 and $54,000, respectively. During 2020, Ranger declared and paid a dividend of $63,000. On December 31, 2020, the fair value of the Ranger stock owned by Howdy Doody had increased to $68,000. How much should Howdy Doody show in the 2020 income statement as income from this investment

Answers

Answer 1

Answer:

$25,710

Explanation:

Calculation to determine How much should Howdy Doody show in the 2020 income statement as income from this investment

First step is to calculate the Dividend received

Dividend received=($63,000 × 17%)

Dividend received = $10,710

Second step is to calculate the Increase in Fair value of Stock

Increase in Fair value of Stock=($68,000 - $53,000)

Increase in Fair value of Stock=$15,000

Now let calculate the How much should Howdy Doody show in the 2020 income statement as income from this investment

2020 income statement=$10,710+$15,000

2020 income statement=$25,710

Therefore The amount that Howdy Doody should show in the 2020 income statement as income from this investment is $25,710


Related Questions

_____ is a system of marketing by which organizations communicate directly with target customers to generate a response and/or a transaction.

Answers

Answer:

Direct marketing

Explanation:

In direct marketing system, companies communicate directly to customers via email, social media, phones and sms. Here, the aim of the company is to generate direct response on a particular transaction from targeted customers.

Direct marketing has been around for a while and has been used to create or know the areas requiring improvement by companies. Hence if a company or an organization aims at getting direct response on a product from targeted customer, direct marketing is often used.

Your uncle has just purchased a wheat farm and wants your advice on how he should price his product. Explain to your uncle the characteristics of the market structure under which his farm falls and how this will help him to determine the price and quantity of the wheat he will produce.

Answers

Answer:

the wheat firm is perfectly competitive

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

he is a price taker and the price of his wheat which would be equal to equilibrium price would be determined by market forces

if he sells at the market price, he would sell all his wheat

Explanation:

If the uncle sells above equilibrium price, he would not sell any wheat

he cannot sell below equilibrium price because he would make losses

NaviCal Inc., a personal navigation system company, has contracted its manufacturing to a firm in Malaysia for five years. NaviCal had high financial growth, and it wants to purchase the manufacturing facility. This market entry method is called ________.

Answers

Answer:

Direct foreign investment

Explanation:

Foreign direct investment (FDI) is done in the case when the company controls the ownership in the other country of the business entity

Here the foreign company would be directly linked with the day to day operations that done in the other country this means that here not only the contribution of money matters but also the knowledge, skills, capabilities, techonology is also matter

Therefore the above represent the answer

Diane Corporation is preparing its year-end balance sheet. The company records show the following selected amounts at the end of the year:
Total assets $530,000
Total noncurrent assets 306,000
Liabilities:
Notes payable (8%, due in 5 years) 21,000
Accounts payable 54,000
Income taxes payable 15,000
Liability for withholding taxes 1,000
Rent revenue collected in advance 11,000
Bonds payable (due in 15 years) 112,000
Wages payable 11,000
Property taxes payable 7,000
Note payable (10%, due in 6 months) 13,000
Interest payable 700
Common stock 120,000
1-a. What is the amount of current liabilities?1-b. Compute working capital.2. Would your computation be different if the company reported $250,000 worth of contingent liabilities in the notes to its financial statements?

Answers

Answer and Explanation:

The computation is shown below;

1-a

Current liabilities:      

Acccounts payable  $54,000    

Income tax payable $15,000    

Liability for withholding taxes $1,000    

Rent revenue collected in advance $11,000    

Wages payable $11,000    

Property tax payable $7,000  

Note payable $13,000  

Interest payable $700  

Current liabilities $112,700  

1-b      

Total assets $530,000    

Less: Non Current assets $306,000  

Current assets $224,000  

Less: Current liabilities - $112,700  

Working capital $111,300

2.  

In the case when the company reported $250,000 as the contingent liability so it should not be impacted as they are not yet recorded  

BE12-1 Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having a book value of $3,500. Prepare the entry to record Nichols's investment in the partner- ship, assuming the equipment has a fair value of $4,000.

Answers

Answer:

Dr Cash $10,000

Dr Equipment (at FairValue) $4,000

Cr Nichols’s Capital Account $14,000

Explanation:

Preparation of the entry to record Nichols's investment in the partner- ship

Dr Cash $10,000

Dr Equipment (at FairValue) $4,000

Cr Nichols’s Capital Account $14,000

($10,000+$4,000)

(To record Nichols's investment in the partner- ship)

When more than one security is sold for a single price and the total selling price is not equal to the sum of the market prices, the cash received is allocated between the securities based on:

Answers

Answer:

Relative market values

Explanation:

Secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products, securities or stocks is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

Generally, when more than one security is sold for a single price and the total selling price is not equal to the sum of the market prices, the cash received is allocated between the securities based on relative market values.

Bad Company, Inc., has a major outlay of $2.05 million that is needed to renovate the company's manufacturing facility. Because the company's management is conservative, it won't undertake the renovation until it has the cash necessary to fund the renovation. The company plans to deposit $155,000 each quarter into an account that will earn 2.05 percent per quarter. How many years will it be until the company has the money saved for the renovation

Answers

Answer:

Bad Company

The number of years that it will take for the company to have the money saved for the renovation is:

= 3.2 years (12.793/4).

Explanation:

a) Data and Calculations:

The outlay required for the renovation of the manufacturing facility =  $2.05 million

Quarterly deposit into an account = $155,000

The interest earned per quarter on the deposit = 2.05% per quarter

From an online financial calculator, it will take 3.2 years:

I/Y (Interest per year)  2.25

PV (Present Value)  2050000

PMT (Periodic Payment) = $ 155000

FV (Future Value)  0

Results

N = 12.793

Sum of all periodic payments = $1,982,883.80

Total Interest = $67,116.20

explain the function of an office​

Answers

Answer: An office is a place to preform different activities of a business organization

Explanation:

The office preforms clerical function such as information collection recording and analyzing.

Charleston Inc. acquired 75% of Savannah Manufacturing on January 4, 2020. During 2020, Charleston sold Savannah $460,000 of goods, which had cost $380,000. Savannah still owned 20% of the goods at the end of the year. In 2021, Charleston sold goods with a cost of $520,000 to Savannah for $700,000, and Savannah still owned 15% of the goods at year-end. What amount of intra-entity gross profit should be deferred in 2021

Answers

Answer:

Amount of profit to be deferred =  $27,000

Explanation:

The intra-entity gross profit that needs to be deferred can be calculated as follows:

In 2021:

The amount of price on goods sold = $700,000

The actual cost price =    $520,000

Less:  $180,000

Amount of profit to be deferred = Profit × percentage of goods at the year-end (2021)

Amount of profit to be deferred = $180,000 × 15%

Amount of profit to be deferred =  $27,000

Calc, Inc. owns a machine that produces baskets for the gift packages the company sells. The company uses 900 baskets in production each month. The costs of making one basket is $4 for direct materials, $3 for variable manufacturing overhead, $2 for direct labor, and $5 for fixed manufacturing overhead. The unit cost is based on the monthly production of 900 baskets. The company determined that 30% of the fixed manufacturing overhead is avoidable. An outside supplier has offered to sell Calc the baskets for $13 each, and can supply all the units it needs.

Required:
a. Prepare an incremental analysis to determine if Calc should buy the baskets from the supplier.
b. Show the impact on net income and indicate whether they should make or buy the baskets.

Answers

Answer:

                        Cost Structure of producing 900 units

Particulars                                       Cost         Monthly                Total cost

                                                      per unit   production Units  

Direct material cost                           4                900                    $3,600

Direct Labor                                       2                 900                    $1,800

Variable manufacturing overheads 3                  900                    $2,700

Fixed Manufacturing overhead

Avoidable (30% of $5)                     2                   900                    $1,350

Unavoidable (70% of $5)                 4                   900                    $3,150

Total cost of making 900 units                                            $12,600

          Cost Structure of buying 900 units from outside supplier

Particulars                                 Cost per   Units required     Total cost

                                                      unit           to buy

Cost of purchase                          13                900                    $11,700

Fixed Manufacturing overhead

Unavoidable                                                                       $3,150

Total cost of buying 900 units                                       $14,850

Conclusion: Because the cost of making is lesser than cost of buying bythe amount of $2,250, the company will have to choose option of making the basket.

Confusion Corp is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected return on the market portfolio is 14%. The beta of Confusion Corp's stock is 1.25. If Confusion's intrinsic value is $21.00 today, what must be its growth rate

Answers

Answer:

6.98

Explanation:

Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after each use d. those that may be stored and repaired e. none of the above

Answers

Answer:

d. those that may be stored and repaired

Explanation:

Durable goods are those goods that are stored and repaired. It is to be considered for the long-lasting so it can be stored. Also it can be repaired when they wear out

For example: mobile phone, table, chair, toys, etc

Therefore as per the given situation, the option d is correct

And, the remaining options are to be considered

Your company just sold a product with the following payment​ plan: $40,000​ today, $35,000 next​ year, and​ $30,000 the following year. If your firm places the payments into an account earning​ 6% per​ year, how much money will be in the account after collecting the last​ payment?

Answers

Answer:

the money that will be in the account after collecting the last​ payment is $112,044

Explanation:

The computation of the money that will be in the account after collecting the last​ payment is shown below:

Amount  is

= $40,000 × (1.06)^2 + $35,000 × (1.06) + $30,000

= $112,044

Hence, the money that will be in the account after collecting the last​ payment is $112,044

The marginal product of labor for Acme, Inc. is 15. The average product of labor is 25, and the price of labor is $10. Assuming that Acme, Inc. is a competitor in its output and input markets, the marginal revenue product of labor:

Answers

Answer:

cannot be determined

Explanation:

The computation of the marginal revenue product of labor is given below;

we know that

Marginal revenue product = MR × MP

Here

MP= 15

But MR is not given.

So without MR, the marginal revenue product cant be determined

Therefore it is cannot be determined

Hence, the same is relevant

An investment offers $5,700 per year, with the first payment occurring one year from now. The required return is 5 percent. a. What would the value be today if the payments occurred for 10 years

Answers

Answer:

The correct answer is "$44,013.89".

Explanation:

Given:

Investment per year,

= $5,700

Required return,

= 5%

As we know,

⇒ [tex]Present \ value=Investment \ per \ year\times Annuity \ factor[/tex]

Or,

⇒ [tex]Annuity \ factor=\frac{1-[\frac{1}{(1+k)}]^n }{k}[/tex]

then,

The present value of 10 annual payment will be:

= [tex]5700\times \frac{1-[\frac{1}{(1+.05)}]^{10} }{.05}[/tex]

= [tex]44013.89[/tex] ($)

All other things being equal, consumers tend to prefer dollar savings over percentage savings. larger retail outlets over smaller outlets. external reference prices over internal reference prices. percentage savings over dollar savings. smaller retail outlets over larger outlets.

Answers

Answer: larger retail outlets over smaller outlets.

Explanation:

A retail outlet can be refered to as a store or a shop whereby buyers can visit in order to make purchases.

It should be noted that consumers will prefer the larger retail outlets over the smaller outlets. A reason attributed to this is that there are varieties of products that can be chosen by the consumers. Also, the consumers can enjoy discount when they buy in large quantities.

What types of crime you experience most frequently?​

Answers

Answer:

well if you live in a safe country

Explanation:

u wont experience any crime

Answer:

Hey mate.....

Explanation:

This is ur answer.....

There are many cases going on maybe now or everytime but like now around me there are no cases I experienced till now.....But if you are asking the frequent cases that take place nowadays is most probably Cyber bullying.....

Hope it helps!

Brainliest pls!

Follow me! :)

Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase of investments b. Disposal of equipment c. Payment for selling expenses d. Collection of accounts receivable e. Cash sales f. Issuance of bonds payable

Answers

Answer:

a. Investing Activities

b. Investing Activities

c. Operating Activities

d. Operating Activities

e. Operating Activities

f. Financing Activities  

Explanation:

Operating Activities includes activities in daily operation of the business as in buying and selling with customers and suppliers.

Investing Activities includes the purchase and sell of assets and investments.

Financing Activities includes the raising of capital and debt and repayments to holders.

The impact of taxes on different groups in society varies. Some taxes create a larger burden for poorer people while others create a larger burden for wealthier people. Arrange the tax classifications according to the level of burden placed on poorer people.

Answers

Answer:

Progressive places the least burden on poor people

Proportional places the second highest burden

regressive places the most burden

Explanation:

Regressive tax system is a tax system where those that earn lower income pay more tax and those that earn higher income pay less tax.

A proportionate tax taxes everyone the same regardless of the amount earned.  

A progressive tax is a tax structure where those who earn higher income are taxed more and those that earn less pay less amount of tax. A progressive tax ensures vertical equity.

Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $228,000 and would yield the following annual cash flows.

C1 C2 C3
Year 1 $12,000 $96,000 $180,000
Year 2 108,000 96,000 60,000
Year 3 168,000 96,000 48,000
Totals $288,000 $288,000 $288,000

Assume that the company requires a 12% return from its investments. Using net present value, determine which projects, if any, should be acquired.

Required:
Compute the internal rate of return for project C2.

Answers

Answer:

c3 should be acquired

8.52%

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

NPV and IRR can be calculated with a financial calculator

C1

Cash flow in year 0 =  $-228,000  

Cash flow in year 1 = $12,000

Cash flow in year 2 = $96,000

Cash flow in year 3 = $180,000

I = 12%

NPV = -12,634.66

C2

Cash flow in year 0 =  $-228,000  

Cash flow in year 1 = 108,000

Cash flow in year 2 = $96,000

Cash flow in year 3 = 60,000

I = 12%

NPV = -12,334

IRR = 8.52%

C3

Cash flow in year 0 =  $-228,000  

Cash flow in year 1 = 168,000

Cash flow in year 2 = $96,000

Cash flow in year 3 = 48,000

I = 12%

NPV = 32,696.06

It is only c3 that has a positive NPV. Thus, it is the only profitable project. Only C3 should be accepted

To determine the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

To determine the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

c2 = 12,334

c3 = 32,696.06

The technical and socio-cultural dimensions of project management are two sides of the same coin. Explain

Answers

Indeed, the technical and socio-cultural dimensions of project management are two sides of the same coin. This is so because the project management is in charge of administering and managing the human and material resources of a specific project.

Thus, it must organize not only the resources but also the members of the company who are in charge of exploiting those resources and maximizing results.

Therefore, just as a technical face is required to organize resources, a socio-cultural and human approach is required that allows a better functioning of the human resources of the company.

Learn more about project management in https://brainly.com/question/22590420

Dallas National Bank had the following activities, traceable costs, and physical flow of driver units: Activities Traceable Costs Physical flow of Driver Units Open new accounts $50,000 1,000 accounts Process deposits 36,000 400,000 deposits Process withdrawals 15,000 200,000 withdrawals Process loan applications 27,000 900 applications The above activities are used by the Memorial branch and the University branch: Memorial University New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 Refer to Dallas National Bank. How much of the deposit cost will be assigned to the University branch

Answers

Answer:

Dallas National Bank

The deposit cost assigned to the University branch is:

= $1,800.

Explanation:

a) Data and Calculations:

Activities                         Traceable Costs   Physical flow

                                                                     of Driver Units            Rate

Open new accounts         $50,000                 1,000 accounts      $50

Process deposits                36,000            400,000 deposits       $0.09

Process withdrawals           15,000            200,000 withdrawals $0.075

Process loan applications  27,000            900 applications        $30

                         Memorial  University

New accounts         200            400

Deposits            40,000       20,000

Withdrawals       15,000        18,000

Loan applications   100              160

Deposits cost assigned to the University:

= $1,800 (20,000 * $0.09)

What does project failure mean? What are some examples?

Answers

Answer:

that's mean A project is considered a failure when it has not delivered what was required, in line with expectations

Explanation:

Therefore, in order to succeed, a project must deliver to cost, to quality, and on time; and it must deliver the benefits presented in the business case.

stock a has an expected return of 20 and stock b has an expected return of 5. what is the expected return on a portfolio this comprised of 67^ of stock a and 33% stoc k b

Answers

Answer:

15.05%

Explanation:

Calculation to determine the expected return on a portfolio

Using this formula

Expected return = (Return on stock A * Percentage invested in stock A) + ( Return on Stock B * Percentage invested in Stock B)

Let plug in the formula

Expected return= (20% * 67%) + (5% * 33%)

Expected return= 13.4% + 1.65%

Expected return= 15.05%

Therefore the expected return on a portfolio is 15.05%

Suppose an investment offers to triple your money in 24 months (don't believe it). What rate of return per quarter are you being offered

Answers

Answer:

30.77%

Explanation:

Assume investment = $1

Assume mount after 24 months = $5

Number of quarters in 24 months = 24/4 = 6

Future value = P*(1+r)^n; Where P is payment, r is interest rate per period, n is number of periods

5000 = 1*(1+i)^6

1*(1+i) = 5^(1/6)

1+i = 1.30766048601

i = 1.30766048601 - 1

i = 0.30766048601

i = 30.77%

So, the rate of return per quarter being offered is 30.77%

There are three sequential operations (Station 1, Satiation 2, and Station 3) in a process. Incoming applications go to station 1 first, then to Station 2, finally to station 3, and then leave the process. There are 1 resources in Station 1, 2 resources in Station 2, and 3 resources in Station 3. The capacity of EACH SINGLE RESOURCE in these stations is 3, 5, and 5 applications per day. The last 3 numbers are the capacity of a single resource (a resource unit) in each of the three stations (resource pools), respectively. This process wors 24 hours a day. Compute the theoretical flow time.

Answers

Answer:

1 hour 19 mins

Explanation:

The computation of the  theoretical flow time is shown below;

The sequence of operation  represent as a Station 1 -> Station 2 -> Station 3

Now

The capacity of each station is

= number of resources × capacity of each resource

Particulars           Station 1         Station 2         Station 3

resources               1                      2                    3

the capacity of

each resource        3                      5                     5

the capacity of

each station           3                       20                  15

Now The theoretical flow time for each station is  

Station 1 = 60 ÷ (3 ÷ 1) = 20 mins

Station 2 = 60 ÷ (5 ÷ 2) = 24 mins

Station 3 = 60 ÷ (5 ÷ 3) = 35.92 mins

So,

Total theoretical flow time is

= 20 + 24 + 35.92

= 79.92 mins

= 1 hour 19 mins

The theoretical flow time is the minimum amount of time required to process a unit in a manufacturing business. This helps to reduce the time and cost.

The theoretical flow time is 1 hour 19 minutes.

Computation:

The formula used to determine the capacity of each station is:

[tex]\text{Capacity of each station}&=\text{Number of resources}\times\text{Capacity of each Resource}[/tex]

It is computed in the table attached below.

The computation of theoretical flow time for each  station is determined by the following formula:

[tex]\text{Theoretical flow time}&=\dfrac{\text{Total Minutes}}{\frac{\text{capacity of each resource}}{\text{Number of resources}}}[/tex]

For station 1 :

[tex]\begin{aligned}\text{Theoretical Flow time}&=\frac{60}{\dfrac{3}{1}}\\&=20\;\text{minutes}\end{aligned}[/tex]

For station 2:

[tex]\begin{aligned}\text{Theoretical Flow time}&=\frac{60}{\dfrac{5}{2}}\\&=24\;\text{minutes}\end{aligned}[/tex]

For station 3:

[tex]\begin{aligned}\text{Theoretical Flow time}&=\frac{60}{\dfrac{5}{3}}\\&=35.92\;\text{minutes}\end{aligned}[/tex]

Therefore, the total theoretical flow time is:

[tex]\begin{aligned}\text{Total Theoretical Flow time}&=20\;\text{minutes}+24\;\text{minutes}+35.92\;\text{minutes}\\&=1\;\text{hour}\;19\;\text{minutes}\end{aligned}[/tex]

For more information about theoretical flow time, refer to the link:

https://brainly.com/question/22646176

Analyze various impediments to the coordination of strategic implementation that might exist for global businesses, and the positive role knowledge management and systems can play in this regard.

Answers

Answer:

Lack of systems thinking ;  the knowledge of the complexity of the business and the existing relationships will help improve the coordination of strategic implementation.

Environmental constraints ; Location of business should be top priority by applying established explicit knowledge for the location of businesses

Lack of qualified personnel : . management should ensure to employ the best qualified business managers to curb this challenge  and this can be achieved by applying explicit knowledge

Explanation:

Some of the impediments are ;

Lack of systems thinking ; Inability to see the business as a whole and the various relationship between every department in a complex business environment. the knowledge of the complexity of the business and the existing relationships will help improve the coordination of strategic implementation.

Environmental constraints ; the location and surroundings of a global business exerts a lot of influence on the successful coordination; of strategic implementation. Location of business should be top priority by applying established explicit knowledge for the location of businesses

Lack of qualified personnel : unqualified business managers will not appropriately coordinate strategic implementation. management should ensure to employ the best qualified business managers to curb this challenge  and this can be achieved by applying explicit knowledge

Which of the following statements is more likely if cash and marketable securities increase by $5,000 during a period in which cash provided by operations increases by $1,000 and cash used by investments decreases by $500?
A) Cash provided by financing increases by S6,500.
B) Cash used by financing decreases by $1,000.
C) Debt increases by more than cash dividends paid.
D) Debt is reduced by more than cash dividends paid.

Answers

Answer:

C) Debt increases by more than cash dividends paid

Explanation:

Based on the information given the statements that is more likely based on the below calculation will be : DEBT INCREASES BY MORE THAN CASH DIVIDENDS PAID reason been that the NET INCREASE IN THE CASH from financing activities was the amount of $4,500

Net Increase In The Cash from financing activities = $5000 - $1000 + $500

Net Increase In The Cash from financing activities= $4500

In a competitive market with a linear upward-sloping supply curve and a linear downward-sloping demand curve, the government imposes a $10 tax per unit bought and sold. The tax causes the equilibrium quantity to fall from 89 units to 77 units. The deadweight :_______

Answers

Answer:

$105

Explanation:

Missing word "The deadweight loss of this tax is...?"

Change in price = $10

Original quantity = 89 units

New quantity = 77 unit

Change in quantity= 89 units-77 units = 12 units

Dead-weight loss = 1/2 * Change in price * Change in quantity

Dead-weight loss = 1/2 * $10 * $21

Dead-weight loss = $105

Therefore, the dead-weight loss of this tax is $105.

Founders' shares are a type of classified stock where the shares are owned by the firm's founders, and they generally have more votes per share than the other classes of common stock. True False

Answers

Answer:

TRUE

Explanation:

This is True because Founders are usually the first to get shares of a company, hence they will have more votes per share than the other classes of common stock.

Founder's shares are a type of classified stock.

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