Concept explainers
The parent company how much pay for each vote.
Answer to Problem 56PPE
Explanation of Solution
Given:
The parent company contributed $5 million for the 50 million votes cast.
Concept Used:
Total number of voter is 50 million and amount contributed is $5 million.
Calculation:
Amount contributed:
No of Voter =
Amount pay for each voter = Total amount invested ÷ Total number of voter.
Amount pay for each voter =
The parent company contributed
Thus, the parent company contributed
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