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Alphabet has three classes of stock, A shares: GOOGL, B shares (which are owned by insiders and do not trade on the public markets), and C shares: GOOG. Class A shares get 1 vote, B shares get 10 votes and C shares get no voting rights. (C shares are a result of a stock split of A shares. Class A shareholders - at the time of the split - were given a C share, but it came with no voting rights.) There are ~300 million A shares outstanding, ~50 million B shares, and ~350 million C shares. For what it's worth, the company continues to issue C shares to finance acquisitions and reward employees.
Problem (a) Look at the prices of A and C shares. Is there a premium to hold A shares vs. C shares? What is the value, in dollars, of the voting power that comes with A shares? This answer requires a limited amount of investigation.
Problem (b) What does the multi-class share arrangement say about shareholder voting power? How does this impact your view of the power of management, the board, and shareholders?
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Examine how accounting standards impact financial measures (ratios, covenants, etc.). coherent report and integrated analysis that meets
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Carvey Company manufactures a variety of ballpoint pens. The company has just received an offer from an outside supplier to provide the ink cartridge for the company’s pen line, at a price of $0.60 per dozen cartridges. The company is interested in t..
question 1. on 1st january 2012 morlock associates purchased 5-year 5 percent bonds having maturity a value of 350000.
Culver Woodcrafters sells $239,100 of receivables to Commercial Factors, Inc. on a with recourse basis. Commercial assesses a finance charge of 5% and retains an amount equal to 4% of accounts receivable. Culver estimates that the recourse liability ..
On January 1, 2016, Learned, Inc., issued $70 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. Using the present value tables, calculate the proceeds (issue price) of Learned, Inc.’s bonds on January 1, 2016,..
Prepare a journal entries that summarize sales of the awnings (assume all lcredit sales) and any aspects of the warranty that should be recorded during 2011.
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