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Nady [450]
3 years ago
9

Which of the following statements is CORRECT? a. The bid price in a hostile takeover is generally above the price before the tak

eover attempt is announced, because otherwise there would be no incentive for the stockholders to sell to the hostile bidder and the takeover attempt would probably fail. b. Stockholders in general would be better off if managers never disclosed favorable events and therefore caused the price of the firm's stock to sell at a price below its intrinsic value. c. Well-designed bond covenants are useful for reducing potential conflicts between stockholders and managers. d. Takeovers are most likely to be attempted if the target firm's stock price is above its intrinsic value.
Business
1 answer:
just olya [345]3 years ago
5 0

Answer:

a.

Explanation:

Based on all the answers that were provided the statement that is correct is that the bid price in a hostile takeover is generally above the price before the takeover attempt is announced, because otherwise there would be no incentive for the stockholders to sell to the hostile bidder and the takeover attempt would probably fail. Which pretty much explains itself, except for that a hostile takeover is when a person or another business tries to purchase a business by going directly to the shareholders themselves.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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The following are exogenous (not directly affected by income): G = 11 I = 4 X = M = 0 The consumption function is: C = k + cY, w
nikitadnepr [17]

Answer: the answer is 90.0

Explanation:

From the question above, we are given:

G = 11

I = 4

X = M = 0

Consumption function is:

C = k + cY

Where:

k = 3

c = 0.8

The GDP of a nation is given as:

Y = C + I + G + NX

By imputing the values into the GDP equation, we have:

Y = k + cY + 4 + 11 + 0

Y = 3 + 0.8Y +15

Y - 0.8Y = 18

0.2Y = 18

Y = 90.0

6 0
3 years ago
Suppose the demand function (D) for golf clubs is: Q = 240-1.00P, where P is the price paid by consumers in dollars per club and
bogdanovich [222]

Solution :

According to the theory of demand and supply, the equilibrium price and the quantity is established where both the demand and supply curves intersect.

From the graph, we can see that the point of equilibrium is at the intersection of D and S.

At this point, mathematically, D = S. In order to determine the price and quantity which exists at this point, we need to equate the demand as well as supply functions to calculate the equilibrium values.

∵ D is equal to S, we have

$240-1.00P=1.00P$

240=2P

120=P

Now substituting this value of the equilibrium price in to any of the functions, we get the equilibrium quantity at this price.

$Q=240-1.00P$

$Q=240-1.00(120)$

$Q=240-120$

$Q=120$

This is the equilibrium quantity. At this point, equilibrium price as well as the quantity is the same. Let the price of the golf club increases from $120 to $140. So substituting the value to the function above to determine the new quantity.

$Q = 240-1.00(140)$

   = 100

Therefore, when the demanded quantity decreases from 120 thousand clubs to 100 thousand clubs. This increases the price and decreases the quantity as the supply curve moved to the left. The demand remains constant.

4 0
2 years ago
Board Company has a foreign subsidiary that began operations at the start of 2017 with assets of 155,000 kites (the local curren
vovikov84 [41]

Answer:

a. The Board would report translation adjustment of <u>-$3,138</u>.

b. See the journal entries and explanation below.

c. Net translation adjustment is <u>-$1,138.</u>

Explanation:

a. Assume that the kite is this subsidiary's functional currency. What translation adjustment would Board report for the year 2017?

Note: See the attached file for the calculation of translation adjustment.

The board would report a negative (debit) translation adjustment of $3,138. That is,

Translation adjustment = -$3,138

b. Assume that on October 1,2017, Board entered into a forward exchange contract to hedge the net investment in this subsidiary. On that date, Board agreed to sell 200,000 kites in three months at a forward exchange rate of $0.76/1 kite. Prepare the journal entries required by this forward contract.

Board Company

Journal Entries

<u>Date            Account titles and Explanation         Debit ($)        Credit ($)  </u>

<u>01 Oct 17     (</u><em><u>No entry) </u></em><u>                                                                                    </u>

12 Dec 17     Forward contract                                   2,000

                     Translation adjustment (positive) (w.1)                    2,000

<em><u>              (To record forward contract change in the value to adjust translation adjustment.) </u></em><u>    </u>

12 Dec 17       Foreign currency (kites) (w.2)           152,000

                        Cash                                                                       152,000

<em><u>                       (To record 200,000 kites purchased at the spot rate of $0.76) </u></em>

12 Dec 17       Cash                                                  154,000

                         Foreign Currency (kites)                                      152,000

                         Forward contract                                                     2,000

<em><u>                          (To record 200,000 kites delivered, $154,000 received, and close the forward contract account.) </u></em>

Workings:

w.1: Translation adjustment = Number of kites agreed to sell in three months * (Agreed exchange rate on October 1, 2017 per kite - Exchange rate on December 1, 2017) = 200,000 * (0.76 - 0.75) = $2,000

w.2: Foreign Currency (kites) = Number of kites agreed to sell in three months * Agreed exchange rate on October 1, 2017 per kite = 200,000 * 0.76 = $152,000

c. Compute the net translation adjustment for Board to report in Accumulated Other Comprehensive Income for the year 2017 under this second set of circumstances.

This can be calculated as follows:

Net translation adjustment = Negative translation adjustment in part a + Positive translation adjustment in part b (i.e. w.1) = -$3,138 + 2,000 = -$1,138

Therefore, net translation adjustment is <u>-$1,138.</u>

Download xlsx
8 0
3 years ago
While doing an online search for a music venue, Darcy ran across a performance of Lady Gaga that featured her hair neatly wrappe
torisob [31]

Answer: (C) Product placement

Explanation:

 The product placement is one of the type of marketing technique in which the various types of specific products or the brands are incorporate into the other types of works for example television and the various types of films program.

The product placement is important as by using this strategy it helps in increase the sale and also increase the awareness of the brands.  

According to the given question, the marketers basically categorized into the advertising form as the product placement.  

Therefore, Option (C) is correct.  

 

3 0
3 years ago
While advocates of a market-oriented economy tend to argue that consumers benefit substantially when firms seek short-term profi
Charra [1.4K]

Answer:

Socially wasteful.

Explanation:

Followers of the market-oriented economy believe in the divergence of products and to earn short-term profits. They consider advertisements and promotions to attract customers to earn quick profits in short-run. Likewise, critics of market-oriented economy believe that creating or producing a wide variety of different goods and marketing those products is socially wasteful and unnecessary.  They argue that it will increase the overall revenue of the firm.

7 0
3 years ago
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