A Company Earned $19,862 in April and $11,072 in May

question 27

Short Answer

A company earned $19,862 in April and $11,072 in May. In June the company lost $3,990. Compute the amount the company earned during the three-month period.

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Definitions:

Straight Voting

A voting method in corporate elections allowing shareholders to cast all their votes for a single candidate for each available position.

Minority Shareholders

Shareholders who own a smaller portion of a company's shares and typically do not have control or significant influence over company decisions.

Ordinary Proxy

A standard proxy that grants another individual the right to vote shares on behalf of the shareholder at a company's annual meeting.

Model Business Corporation Act

A set of model laws prepared to provide a standard for the governance of corporations, which individual states may adopt or modify.