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xxMikexx [17]
3 years ago
7

Shale Oil Corporation combines its assets and debts with those of Tierra Frakking Company to form Unified Resources, Inc. Shale

and Tierra cease to exist
Refer to Fact Pattern 41-2. The formation of Unified Resources is?
a. a purchase of assets
b. a merger
c. a consolidation
d. a share exchange
Refer to Fact Pattern 41-2. Unified Resources acquires
a. all of Shale's and Tierra's assets.
b. none of Shale's and Tierra's assets unless there is a formal transfer
c. only assets that Shale and Tierra acquired after a combination was proposed
d. half of Shale's and Tierra's assets
Refer to Fact Pattern 41-2. Unified Resources assumes?
a. only debts that Shale and Tierra incurred after a combination was proposed
b. none of Shale's and Tierra's debts unless there is a formal transfer of liability
c. all of Shale's and Tierra's debts
d. half of Shale's and Tierra's debts
Business
1 answer:
andriy [413]3 years ago
7 0

Answer:

1. c. a consolidation

2. a. all of Shale's and Tierra's assets

3. c. all of Shale's and Tierra's debts

Explanation:

1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.

2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.

3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.

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Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows:
slavikrds [6]

Answer:

Wildcat, Inc.

WILDCAT, INC. Cash Budget (in millions)

                                                  Q1           Q2          Q3          Q4

Beginning cash balance         $78.00    $115.90   $48.45   $83.40

Net cash inflow                         37.90      -67.45     34.95      71.05

Ending cash balance             $115.90    $48.45    $83.40 $154.45

Minimum cash balance          -40.00     -40.00     -40.00   -40.00

Cumulative surplus (deficit)  $75.90      $8.45    $43.40  $114.45

Explanation:

a) Data and Calculations:

                                 Q1      Q2      Q3      Q4     Q1

Sales (in millions) $165   $185  $205  $235   $180

Accounts receivable at beginning of the year = $71 million

Collection period = 45 days = 50% in each quarter and 50% in the next

Purchases for the quarter = 45% of next quarter's forecast sales

Payment period = 36 days

Wages, taxes, etc. = 20% of sales

                                      Q1          Q2        Q3        Q4         Q1

Sales (in millions)        $165       $185    $205       $235     $180

Cash collections:

50% quarter of sales             82.50    92.50    102.50     117.50

50% next quarter                   71.00     82.50    92.50    102.50

Total cash collections          153.50    175.00   195.00   220.00

Purchases                              83.25     92.25  105.75   81.00

Cash Payments:

80% month of purchase      66.60     73.80   84.60   64.80

20% following purchase                     16.65    18.45     21.15

Total purchases payments 66.60     90.45  103.05  85.95

Wages, taxe, etc.                 33           37          41        47

Interest and dividends        16            16          16        16

Capital outlay                                     99

Total cash disbursements 115.60   242.45   160.05  148.95

Net cash inflow                   37.90   -67.45      34.95    71.05

Cash, beginning = $78 million

Desired minimum balance = $40 million

5 0
2 years ago
Apple, known for creativity and innovation, keeps its new innovations consistent with previous product lines to maintain long-te
Mamont248 [21]

Answer: Relational

Explanation: Relational orientation is a term in marketing where a marketer or producer identify the need of its customers or consumers and make available products that will meet their need and help to build a good relationship with the consumers or customer. This term is used by most multinationals like Apple etc to build brand loyalty and maintain a good market share.

3 0
3 years ago
An engineer bought a $1000 bond of an American airline for $875 just after an interest payment had been made. The bond paid a 6%
goldenfox [79]

Answer:

Number of coupon payments = 13.5*2= 27

Coupon = 6%*1000/2= 30

Let rate be r

Present value of all future payments = $87

875 = 30*(1-1/(1+r)^27)/r + 1000/(1+r)^27

R= 3.74%

Nominal rate = 3.74%*2 = 7.49%

8 0
3 years ago
A financial statement analysis report helps to reduce uncertainty in business decisions through a rigorous and sound evaluation.
Vladimir79 [104]

Answer:

True

Explanation:

A financial statement analysis report helps to reduce uncertainty in business decisions through a rigorous and sound evaluation.

5 0
3 years ago
In September 2000 the Pullman Group arranged a bond issue for the estate of the late Marvin Gaye. The collateral on the bonds (a
nata0808 [166]

Answer:

The bond will sell for the amount of $869.17

Explanation:

According to the given data coupon amount = 50/2 = 25

Therefore, in order to calculate the selling price of the bond we would have to make the following calculation:

selling price of the bond = 25 * PVIFA(3%,52) + 1,000 * PVIF(3%,52)

selling price of the bond= 25 * 26.1662 + 1,000 * 0.2150

 selling price of the bond= $869.17

The bond will sell for the amount of $869.17

6 0
3 years ago
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