Larry nelson holds 1,000 shares of general electric's (ge) common stock. the annual stockholder meeting is being held soon, but as a minor shareholder, larry doesn't plan to attend. larry did not sell his shares but gave his voting rights to the management group running general electric (ge). larry must have signed a that gives the management group control over his shares.
a. poison pill,
b. proxy,
c. preemptive right,
d. corporate charter

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine