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Dima020 [189]
3 years ago
14

GL Inc., a firm facing the threat of bankruptcy, did not want to be acquired by Red Phoenix Inc. because it would make drastic c

hanges to the business, laying off employees and changing the nature of its products and processes. Thus, the management of GL Inc. approached Fortium Inc., which was willing to acquire GL Inc. and maintain the company as is. In this scenario, Fortium Inc. is referred to as a:
Business
1 answer:
nasty-shy [4]3 years ago
5 0

Answer:

white knight

Explanation:

White knight -

It is a hostile and friendly takeover by the some company , is known as white knight .

where as , a black knight is type of unfriendly takeover .

Hence , white knight is preferred to be a hostile one than the black knight .

hence , from the question , In the given scenario , Fortium Inc. is referred to as a white knight .

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Human Resource Manager
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3 years ago
Green Thumb Nursery has 53,000 shares outstanding at a market price of $63.57 per share. The earnings per share are $3.57. The f
mamaluj [8]

Answer: $3.70

Explanation:

Earnings per share = Net income / Number of shares

Net income = Earnings per share * Number of shares

= 3.57 * 53,000

= $189,210

The number of shares that Green Thumb bought back is:

= Stock repurchase amount / Market price of shares

= 117,000 / 63.57

= 1,840 shares

After the repurchase the number of shares is:

= 53,000 original shares - 1,840

= 51,160 shares

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= $3.70

6 0
3 years ago
Bramble Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 76 units that cost $
Andru [333]

Answer:

$6516

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Total sales in the month was 362 units, this would be taken from the inventory purchased during the month

= 362 x $18 = $6,516

8 0
2 years ago
Glumhoff​'s Packaging Department had the following information at July 31. All direct materials are added at the end of the conv
katovenus [111]

Answer:

Explanation:

The total equivalent units of direct materials and conversion costs for the month has been computed and attached.

Note that the conversion cost for the ending work in process was calculated as:

= $35,000 × 28%

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= $9,800

Check the attachment for further analysis.

6 0
3 years ago
Who is responsible for developing a firm's mission?
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The manager such as the CEO
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