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RideAnS [48]
3 years ago
8

Harrods PLC has a market value of £136 million and 4 million shares outstanding. Selfridge Department Store has a market value o

f £38 million and 2 million shares outstanding. Harrods is contemplating acquiring Selfridge. Harrods’s CFO concludes that the combined firm with synergy will be worth £194 million, and Selfridge can be acquired at a premium of £10 million. a. If Harrods offers 1.2 million shares of its stock in exchange for the 2 million shares of Selfridge, what will the stock price of Harrods be after the acquisition?
Business
1 answer:
Lisa [10]3 years ago
5 0

Answer:

the stock price after the acquisition is $37.30

Explanation:

The computation of the stock price after the acquisition is given below:

= Worth of combined synergy ÷ (outstanding shares = harrods shares)

= £194 million ÷ (4 million + 1.2 million)

= £194 million ÷ 5.2 million shares

= $37.30 per share

hence, the stock price after the acquisition is $37.30

We simply applied the above formula so that the correct answer could come

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Yoshino, Inc., a merchandising company, has the following budgeted figures:
erik [133]

Answer:

B

Explanation:

It is said that the required ending inventory for the month is $15000 and 20% of the next month's sales.

We are considering the month of march here, therefore the ending merchandise inventory is $15000- and 20% of April's sales.

Given:

April's sales = $91,000

Hence, 20% of April's sales = 0.2*91000 = $18200

Hence, ending merchandise inventory for March = 15000 + 18200 = $33,200

5 0
3 years ago
The plaintiff explains that she acted with the value of integrity when she started her own cleaning business. What did she claim
Anit [1.1K]

Answer:

Called the clients and cancelled jobs

Explanation:

If the plaintiff worked for the defendant and left to set up her own cleaning business, then she will most likely be bound by a non-compete clause.

So if she is saying she acted with the value of integrity, then she would called any of the defendant's clients and cancelled jobs in order to respect the non-compete clause.

However after sometime the non-compete clause is no longer binding.

3 0
3 years ago
The market demand function for corn is Qd = 5 15 - 2P and the market supply function is Qs= 5P- 6, both quantities measured in b
GaryK [48]

Answer:

The Producer surplus = 19.6.

consumer surplus = 12.25.

Aggregate supply = 31.85.

Explanation:

Normally, the demand equilibrium function equals to supply equilibrium function will get us the price which is $3 that is Qd = Qs. Hence, if we equate both function together like;

15 - 2P = 5P - 6.

15 +6 = 5P + 2P.

21 = 7P.

P = $3.

Thus, Qd = 15 - 2P= 15 - 2(3) = 15 - 6 = 9 units.

Qs = 5P - 6 = 5(3) - 6 = 15 - 6 = 9.

Therefore, if the price is going to be Increased by $4, we will have that;

Qd = 15 - 2P= 15 - 2(4) = 15 - 8 = 7 units.

=> The Producer surplus = 1/2 × 14 (4 - 1.2) = 19.6.

=> consumer surplus = 1/2 × 7 (7.5 - 4) = 12.25.

Aggregate supply = Producer surplus + consumer surplus = 19.6 + 12.25 = 31.85.

8 0
3 years ago
Jameson Company uses average cost and a perpetual system. On January 1, the company had 600 units of inventory at an average cos
Leni [432]

Answer:

the average cost per unit that should be used to determine the cost of the units sold on January 28 is $ 59.00

Explanation:

The Weighted Average Cost Method calculates the new cost of Inventory with each purchase of Inventory.

The Perpetual Inventory System records the cost of inventory sold with each sale made.

<u>Calculation of  the new cost of Inventory with each purchase of Inventory :</u>

January 10:

Cost per Unit = Total Cost / Total Number of Units

Cost per Unit = (( 600 units × $55 per unit ) + ( 1000 units × $59 per unit )) / 1600 units

                      = $ 57.50

January 20:

Cost per Unit = Total Cost / Total Number of Units

Cost per Unit = (( 1600 units × $57.50 per unit ) + ( 800 units × $62 per unit )) / 2400 units

                      = $ 59.00

There were no further purchases from this point

Thus cost per units remains at $ 59.00

Therefore the average cost per unit that should be used to determine the cost of the units sold on January 28 is $ 59.00

3 0
3 years ago
Read 2 more answers
__________ helped convince fdr to try to stop workplace discrimination by creating the fair employment practices commission.
Nataly_w [17]
<span>FDR responded to the threat of Randolph's protest by organising the Fair Employment Practices Commission. This was a wartime government agency that investigated complaints and worked to reduce workplace discrimination. Today, we have the EEOC (Equal Employment Opportunities Commission).

Short answer: The FEPC helped convince FDR.</span>
5 0
3 years ago
Read 2 more answers
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