Answer:
1. Cash in hand and at bank balance
2. Is there land and buildings available
3. Are there any accumulated debt owed by the church
4. Collections or record of church document.
Explanation:
1. Cash in hand and at bank balance. This an example of a current asset. The first question is how much does the church have as cash and bank balance. The reason is to ascertain whether the fund will be sufficient for the new building project.
2. Land and Buildings availability. This is a fixed asset. The board would enquire whether there is an already existing building or land with which to begin the building project.
3. Debt or loan owed by the church. Loan forms part of liability in a balance sheet. Another question to be asked is whether the church is indebted to a bank or financial institution. This will determine whether or not to continue with the building project.
4. Record of church document. Does the church have any existing document with which to support the new building? This is pertinent as to begin or abandon the plan to build a new church.
Answer: Quasi contract
Explanation: A contract that exist by the order of court and not by the agreement between the parties is called a quasi contact. These contracts are made by the court to avoid the unjust enrichment of the party. In simple words these are the contracts created by the actions of the parties. In this case Stella was injured so she must be taken to the hospital which resulted in a quasi contract between her and the hospital.
Answer:
A.the agent's fiduciary duties to the principal.
Explanation:
- Uri breaks the agent's duty to obey the principal. An agent must act in the best interests of the principal and not in the best interests of his or her own.
- The agent is paid to act on behalf of the principal, and by taking advantage of his position, the agent expressly terminates his contract with the principal. Therefore, the principal can sue the agent and recover damages.
The share price for the merged firm is $48.09. Therefore, the correct option is C
<u>Explanation:</u>
(a)-Net Present Value (NPV)
Net Present Value (NPV) = Market Value of the Target Firm + synergistic benefit – Acquisition Value
= [3600 Shares multiply $19] plus $16700 minus [3600 Shares multiply $21]
= $68400 plus 16700 minus 75600
= $9500
“Net Present Value (NPV) = $9500
(b) Share Price
Share price = [Market Value of the Bidding firm + NPV] / Number of shares of the Bidding firm
= [( 8700Shares multiply $47) plus $9500] / 8700 Shares
= [$408900 + 9500] / 8700 Shares
= $48.09 per share
“Share Price = $48.09 per share”
Answer:
$10
Explanation:
Interior airline is expected to make a dividend payment of $3
The growth rate of the dividend is 10%
The risk free rate of the return is 4%
The expected return on the market portfolio is 13%
The stock beta of interior airline is 4
The first step is to calculate the cost of equity
r= 4% + 4(13%-4%)
r= 4% + 4(9)
r= 4% + 36
r= 40%
Therefore, the value of the stock using the constant growth DMM can be calculated as follows
Value of the stock= 3/(40/100-10/100)
= 3/(0.4-0.1)
= 3/0.3
= $10
Hence the value of the stock is $10
