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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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At the beginning of the year, Sheridan Company had total assets of $845,000 and total liabilities of $600,000. (Treat each item
zlopas [31]

Answer:

A. Stockholders equity at the end is $493,000.

B. Closing total assets is $865,000.

C. Closing liability is $410,000.

Explanation:

A.  Closing total assets:

= Opening assets + increase in assets

= $845,000 + $177,000

= $1,022,000

Closing liability:

= Opening liability - Decrease in liability

= $600,000 - $71,000

= $529,000

Closing equity:

= Closing assets - Closing liability

= $1,022,000 - $529,000

= $493,000

B.  Opening equity:

= Opening assets - Opening liability

= $845,000 - $600,000

= $245,000

Closing assets:

= Opening assets + increase in liability - Decrease in equity

= $845,000 + $92,000 - $72,000

= $865,000

C.  Closing liability:

= Opening liability - decrease in assets - increase in equity

= $600,000 - $90,000 - $100,000

= $410,000

6 0
3 years ago
West Corp. issued 25-year bonds two years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments. If these bond
slava [35]

Answer:

4.93%

Explanation:

We use the Rate formula shown in the spreadsheet for this question

The time period is represented in the NPER.

Provided that,  

Present value = $1,000 × 105% = $1,050

Assuming figure - Future value or Face value = $1,000  

PMT = 1,000 × 5.3% ÷ 2 = $26.5

NPER = 25 years - 2 years = 23 years × 2 = 46 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the yield to maturity is 4.93%

6 0
3 years ago
A company accepts a customer's order on November 30 and immediately delivers the goods to the customer. On December 1, the compa
Step2247 [10]

Answer:

A) November 30

Explanation:

Based on accrual principle of accounting, revenue is recognized when it is earned and not necessarily when cash is received.

Revenue is said to be earned when the obligation of the delivery of service or goods sold has been met.

As such, where a company accepts a customer's order on November 30 and immediately delivers the goods to the customer, revenue is said to be earned (and will be recognized ) on the day of delivery.

6 0
3 years ago
Which of the following is a type of incentive? Choose one or more:
swat32

Answer:

A.  indirect

C. direct

D. negative

E. positive

Explanation:

Incentives are meant to motivate people to put more effort into the work they have been assigned to do.

It can come in several forms including;

  • Indirectly - these are incentives that do not directly impact a person but might spur them to work harder e.g donating food to a charity of their choice if they reach a certain target
  • Direct incentives affect the person directly.
  • Negative - these incentives are like punishments or threats thereof that work by reducing an unwanted behavior for example, reducing pay for late coming
  • Positive - these incentives involve rewarding a person for a job well done so that they can do more for example, bonuses for working hard.
6 0
3 years ago
Materials requirements planning (MRP) _________.a. reduces the uncertainty about when materials are needed, thereby reducing the
eimsori [14]

Answer:

The correct answer is (a)

Explanation:

Material inventory planning technique is an effective technique to manage the inventory level. It helps to manage all the inventory requirements and helps to schedule the inventory accordingly. It reduces the uncertainly regarding the inventory level, needs and materials. It helps to have the entire inventory needed for the short time; as soon as the inventory reaches a specific level it helps to restock it.

5 0
3 years ago
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