Final answer:
In a cumulative voting system for the Hanson Fabrics Company, with 33,500 shares outstanding and 15 directors to be elected, a total of 502,500 votes can be cast.
Step-by-step explanation:
Cumulative Voting Total Votes:
With cumulative voting, the total number of votes that can be cast is equal to the number of shares outstanding times the number of directors to be elected. In the case of the Hanson Fabrics Company, Etsy Ross owns 927 shares, and there are a total of 33,500 shares outstanding. Given that there are 15 directors to be elected, the calculation for the total number of votes that can be cast would be:
Total Votes = Shares Outstanding × Directors to be Elected
Total Votes = 33,500 × 15
Total Votes = 502,500
Therefore, the total number of votes that can be cast in the election of the directors for the Hanson Fabrics Company is 502,500 votes.