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20 February, 09:40

Derk owns 450 shares of stock in Rose Corporation. The remaining 1,050 shares of Rose are owned as follows: 150 by Derk's daughter, 300 by Derk's aunt, and 600 by a partnership in which Derk has ownership interest of 90%. Determine the number of shares Derk owns (directly and indirectly) in Rose Corporation.

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  1. 20 February, 10:34
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    1,140 shares

    Explanation:

    Given that,

    Shares own in Rose corporation = 450 shares

    Derk's daughter shares = 150 shares

    Derk has ownership interest = 90%

    Total shares deemed to own:

    = Own shares + Derk's daughter shares + Shares in the partnership holding

    = 450 shares + 150 shares + (600 shares * 90% interest)

    = 450 shares + 150 shares + 540 shares

    = 1,140 shares

    Therefore, the number of shares Derk owns (directly and indirectly) in Rose Corporation is 1,140 shares.
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