Answer:
the maximum number of votes that cast for a specific director under cumulative voting is 5,000
Explanation:
The computation of the maximum number of votes that cast for a specific director under cumulative voting is as follows;
= Number of shares of common stock × number of directors
= 1,000 shares × 5 directors
= 5,000
hence, the maximum number of votes that cast for a specific director under cumulative voting is 5,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
