Answer:
31 per share
Explanation:
The computation of value per share is shown below:-
Share exchange ratio = MPS of Nelson ÷ MPS of George
= $38 ÷ $31
= 1.2258
MPS a + b = MVa + MVb ÷ Number of shares a + Number of shares b × SER
= (1600 × $38) + (4,600 × $31) ÷ 4,600 + (1,600 × 1.2258)
= $60,800 + $142,600 ÷ 4600 + 1,961
= $203,400 ÷ 6,561
= 31 per share
Therefore for computing the value per share we simply applied the above formula.
Answer: True
Explanation:
Under Agency Law in relation to employment, the salesperson is acting as an agent of the owner of the store and as such is their representative. As their representative, it is assumed that whatever they are selling is from the Owner whom they represent and as such can be binding on the owner.
This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.
