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pickupchik [31]
3 years ago
8

Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $60 per share. The number

of outstanding shares at the time of the announcement was 82 million. The book value of liabilities on the balance sheet of Slick Co. was $1.46 billion. What was the cost of this acquisition to the shareholders of Ginormous Oil?A. $1.46 billionB. $3.46 billionC. $4.92 billionD. $6.38 billionE. $8.38 billionF. None of the above.
Business
1 answer:
irga5000 [103]3 years ago
5 0

Answer:

C. $4.92 billion

Explanation:

Acquisition cost refers to the cost a company pays for assets such as shares or fixed assets like machinery. In this case, the company paid $60 * 82 million, being $4.92 Billion.

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Hushovd Iron Works has collected the following data for its Thunderbolt line of​ products: Direct materials standard 15 pounds p
Hitman42 [59]

Answer:

The direct material quantity variance is $10,800 favourable.  (the options in the question are not correct).

Explanation:

The direct materials quantity variance represents a difference between what was actually produced and the standard or idea that should have been produced especially with regards to the use of direct materials.

To calculate material quantity variance

Step 1:Calculate the Standard Usage of Material

Formula= (Actual Units of Finished goods Purchased x Standard Price of Material per unit)

= 4,000 units x 15 Pounds

= 60,000 Pounds

This means the standard material usage is 60,000 pounds

Step 2: Now calculate the Direct Material Quantity Variance

Formula= (Standard Material Usage - Actual Material Usage) x The Standard Price per Unit of Material

= 60,000 pounds (computed in step 1) - 40,000 pounds (given in the question)

= 20,000 pounds x $0.54

=$10,800

Since the standard Material is higher than the actual material usage, it means that the answer is as follows;

The direct material quantity variance is $10,800 favourable.

Kindly note that the multiple options in the question above are for a different set of figures and a different question.

6 0
3 years ago
Which statement represents most correctly the relationship between nominal GDP and real GDP?
Nady [450]

Answer:

The answer is: C) Nominal GDP measures current production using current prices, whereas real GDP measures current production using base-year prices.

Explanation:

Nominal GDP measures the production of total finished products and services within a country during a particular period using the current prices of the products and services. Real GDP measures the production of total finished products and services within a country during a particular period using base-year prices of the products and services.

Nominal GDP doesn't take in account inflation, while real GDP is adjusted by inflation. Nominal GDP is also higher than the real GDP since recent prices are higher than the base-year prices (due to inflation). Real GDP can be used to compare the economy's evolution over periods of time.

8 0
3 years ago
A property is assessed at $64,410. the county tax rate is 8.9 mills per dollar. what would the monthly payment for taxes be to t
Marta_Voda [28]

The monthly payment for taxes be to the escrow account to $48

$48 Assessed value × tax rate = annual tax amount ÷ 12 = monthly tax amount

8.9 mills ÷ 1,000 = 0.0089 tax rate

$64,410 × 0.0089 = $573.25 annual tax ÷ 12 = $47.77, rounded to $48

<h3>What is property?</h3>

Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.

Corporeal property and incorporeal property are the two primary forms of property. Corporeal Property is visible and tangible, but incorporeal Property is not. Additionally, corporeal property refers to the ownership of tangible objects, whereas incorporeal property refers to an intangible right in real estate.

To learn more about property visit:

brainly.com/question/13130806

#SPJ4

5 0
2 years ago
Tara purchased a machine for $40,000 to be used in her business. The cost recovery allowed and allowable for the three years the
Nana76 [90]

Answer:

The answer is "$11,480".

Explanation:

Calculate the benefit as illustrated below:  

               Recovery of costs approved                      Recovery costs approved

Year-1                    $16,000                                            $8,000

Year-2                   $9,600                                             $12,800

Year-3                   $5,760                                             $7,680

Total cost                                                                                                $40,000

Making a reference to:  Cause great costs allowed or permitted

Year-1                                            $16,000      

Year-2                                           $12,800

Year-3                                           $7,680                                             $36,480

Adjusted basis                                                                                       $3,520

Formula:

Recognized Gain = Residual value - Adjusted basis

                             = \$ \ 15,000 - \$ \ 3,520 \\\\ = \$ \ 11,480

8 0
3 years ago
A farmer lives on a flat plain next to a river. In addition to the farm, which is worth $F, the farmer owns financial assets wor
Korolek [52]

Answer:

E) A is higher, and F is lower.

Explanation:

If the farmer is risk averse, he tends to always take the decision which will minimize risk.

His financial assets (A) are not affected by floods, so the higher they are, less likely he will be to pay for flood insurance.

If P is the likelihood of a flood happening, the lower the risk P, then the lower the willingness to pay for flood insurance will be.

If F is lower, then the farmer is unlikely to spend money insuring the farm.

Therefore, analyzing the answer choices, the only that fits the above description is E) A is higher, and F is lower.

4 0
3 years ago
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