Hi-lo has 160,000 shares outstanding priced at $33 a share. there will be three open positions on its board in the next election. currently, you are not a shareholder but would like to become one and also gain a seat on the board. a. how much will it cost you to buy a seat if the company uses straight voting? b. what if the firm uses cumulative voting?

total cost = $2640033

cost = $1320033

Explanation:

given data

share = 160,000

priced = $33 a share

solution

we first find here cost for buy seat using straight voting that is express as

cost to buy seat = cost × share needed   ...............1

Shares needed = 50 % of shares + 1 share

Shares needed = 50 % of  160000  + 1

Shares needed =  80001

so total cost is

Total cost = 80001 × $33

total cost = $2640033

and

Cost for cumulative voting  is here

Cost = price ×

Cost = $33 ×

cost = $1320033

first one

explanation:

ans.

heterothermic organisms include those organisms that can switch between homeothermic (having body temperature higher than environment) and poikilothermic (having variation in internal body temperature) strategies.

some migratory birds show heterothermy as they decrease their metabolic rate during cold nights to keep their body temperature low. drop in metabolic rate allows increase in production efficiency of birds that reduces the internal body temperature to make it equal to external cold temperature during cold nights.

thus, the correct answer is 'birds allow their temperature drop in order to increase their production efficiency.'