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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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Beacon​ Roofing's bank statement shows a bank balance of​ $43,267. The statement shows a bank service charge of​ $80 and a note
EleoNora [17]

Answer:

The Beacon​ Roofing's book balance should be adjusted by a total​ of $43,977

Explanation:

For computing the right amount of book balance, the following adjustments are required which is shown below:

1. Bank Balance = $43,267

2. Less - Bank service charge = - $80

3. Add: Notes collection = $790

So, the adjusted book balance equals to

= Bank balance - Bank service charge + notes collection

= $43,267 - $80 + $790

= $43,977

The notes collection is an income so it is added whereas the bank service charge is an expense so it would be deducted.

Hence, the Beacon​ Roofing's book balance should be adjusted by a total​ of $43,977

6 0
4 years ago
Baine lived in Bristol Harbor, a resort area on the Atlantic coast. She entered into a written agreement to sell her daily catch
morpeh [17]

<u>Solution and Explanation:</u>

A court assumes that the written cntarct is the begining and the end of all the terms of the agreement and will not acept the parol evidence if it changes the meaning of the terms of contract.

Parol evidence should only be used to determine the inetntions of the parties at the time the contract was made, not after the fact.

Valid contract: The elemenst of  valid contract must be seen.

Since Mrs B signed a contract with the specific terms that did not include a bonus, a court would not consider an oral agreement based on completing a yet to be written contract under the parol evidence rule.

hence, Mrs B cannot introduce the oral agreement under the parol evidence rule.

5 0
4 years ago
The management staff of a busy cafeteria have not been getting along well. to increase group cohesiveness, the general manager c
omeli [17]

<span>By criticizing each of the other managers' performance, and the overall operation of the cafeteria, the attempt of the general manager improve group cohesiveness among the management staff is based on the principle of OUTSIDE PRESSURE, which posits that groups that are pressured by outside forces tend to be more cohesive.</span>

4 0
3 years ago
They have each been working​ full-time jobs on a design team for a​ high-tech firm. They decided to approach their manager with
harkovskaia [24]

Answer:

Job sharing

Explanation:

Job sharing here is a technique whereby the two people share a full-time job responsibilities into a part-time roster to finish off the job one person has been doing in a single full-time job. This redesign technique usually occurs where the workers are looking for a way to reduce their workload without quitting the job entirely or done to give more attention to a loved one at home.

7 0
3 years ago
TB MC Qu. 9-371 Irving Corporation makes a product with ... Irving Corporation makes a product with the following standards for
lisov135 [29]

Answer:

Variable manufacturing overhead rate variance= $664 favorable

Explanation:

Giving the following information:

Variable overhead 0.2 hours $ 5.10 per hour

The company used 1,660 direct labor-hours to produce this output. The actual variable overhead cost was $7,802.

<u>To calculate the variable overhead rate variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 7,802/1,660= $4.7

Variable manufacturing overhead rate variance= (5.1 - 4.7)*1,660

Variable manufacturing overhead rate variance= $664 favorable

6 0
4 years ago
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