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zavuch27 [327]
3 years ago
8

Both Viacom and Paramount owned a diverse group of entertainment businesses. QVC was a televised shopping channel. The Paramount

board of directors was considering a merger offer from Viacom at a price of $69 per share. QVC and Viacom then entered a bidding war for Paramount. QVC ultimately made the highest offer, at $90 per share. The Paramount board rejected QVC’s bid on the grounds that a Viacom merger would be more in keeping with Paramount’s business strategy. Was the board in violation of the business judgment rule?
Business
1 answer:
nata0808 [166]3 years ago
6 0

Answer:

The business judgement rule states that if the board takes decision in good faith and in best interest of the corporation considering the information available then its decision is not to be questioned by the courts. The courts can intervene only if there is any breach of good faith, due care or loyalty.

     The above case is similar in facts with another case paramount vs time. In that case Time decided to merge with another company named Warner. Paramount also started bidding for Time but the directors of Time rejected their bid offer citing that warner merger would be more suitable for the company strategy.

Paramount then brought the case against Time in court.The court stated that the instant case was different from another case (REVLON VS MacAndrews) where Revlon was up for sale and hence it was necessary for the board to sell its assets to the highest bidder.

   

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Management wants to build a culture where employees keep security in mind. Employees should be able to access information freely
Pavel [41]

Answer: Posters promoting good security behavior and designated mailing list.

Explanation:

One of the ways to create awareness in people's mind is by posting images, writings on walls and boards for their veiwing, when this is done over a period of time, they get conformed in their minds to adjust to what they've been seeing, another way is by designated emails, especially coming from the organization, through this emails, they can give their suggestions and complains also on what they feel or want to be done in the organization.

6 0
3 years ago
Stockit, Inc. issued 100,000 shares of the 1,000,000 shares it is allowed to issue. Stockit has repurchased 10,000 of its own sh
Molodets [167]

Based on the number of shares that Stockit, Inc. were allowed to issue, the number of authorized shares is 1,000,000 shares.

<h3>What are authorized shares?</h3>

This refers to the maximum number of stock that a company is allowed to offer to the market/ investors.

In this case, Stockit Inc. were allowed to issue a maximum of 1,000,000 shares which means that this is the authorized share capital.

Find out more on authorized shares at brainly.com/question/26206078.

5 0
1 year ago
When Job 117 was completed, direct materials totaled $13,116; direct labor, $22,560; and factory overhead, $16,788. A total of 2
arsen [322]

Answer:

Unitary cost= $24

Explanation:

Giving the following information:

Total direct material= $13,116

Direct labor= $22,560

Factory overhead= $16,788

Number of units= 2,186

<u>First, we need to calculate the total cost:</u>

Total cost= 13,116 + 22,560 + 16,788

Total cost= $52,464

<u>Now, the unitary cost:</u>

Unitary cost= total cost / number of units

Unitary cost= 52,464 / 2,186

Unitary cost= $24

8 0
3 years ago
BOGO Inc. has two sequential processing departments, roasting and mixing. At the beginning of the month, the roasting department
vagabundo [1.1K]

Answer:

Direct material cost of units transferred out = $42,596

Cost of ending work in process inventory = $8,174

Explanation:

This can be done using the following 3 steps:

Step 1: Calculation of equivalent unit of production (EUP) of materials

Note: See the attached excel file for the calculation of equivalent unit of production (EUP) of materials.

From the attached excel file, we have:

Physical unit = 24,680

EUP-material = 21,564

Step 2: Calculation of cost per EUP of materials

Cost per EUP of materials = Direct materials added during the month / EUP-Materials = $49,900 / 21,564 = $2.13

Step 3: Assignment of direct materials cost to the units transferred out amd the ending WIP

Cost of materials added to complete the beginning WIP = 924 * $2.13 = $1,967

Cost of units started and transferred out = 16,800 * $2.13 = $35,760

Direct material cost of units transferred out = Direct material cost of beginning WIP + Cost of materials added to complete the beginning WIP + Cost of units started and transferred out = $4,870 + $1,967 + $35,760 = $42,596

Cost of ending work in process inventory = 3,840 * $2.13 = $8,174

Download xlsx
6 0
2 years ago
A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year. Using a 10 percen
Ronch [10]

Answer:

$20.94

Explanation:

first we must determine the present value of the the 3 rent amounts:

PV = $20/1.1 + $21/1.1² + $22/1.1³ = 52.07

then you need to calculate the payment considering the following values:

  • principal = $52.07
  • n = 3
  • i = 10%

using a loan calculator payment = $20.9381 ≈ $20.94

7 0
3 years ago
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