Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. consider the following premerger information about

Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y...

80.2K

Verified Solution

Question

Finance

Consider the following premerger information about Firm X and Firm Y: Firm X Firm Y Total earnings $ 40,000 $ 15,000 Shares outstanding 20,000 20,000 Per-share values: Market $ 49 $ 18 Book $ 20 $ 7 Assume that Firm X acquires Firm Y by paying cash for all the shares outstanding at a merger premium of $4 per share. Assuming that neither firm has any debt before or after the merger, what are the total assets of Firm X after the merger?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Please describe how you have prepared for your intended major, including your readiness to succeed in...

Advance Math
Q

George’s PTIN has been revoked as a disciplinary measures which of these can’t he do

Accounting
Q

The space between two signalling neurons is called The dendrite The neurotransmitter The axon The...

Biology
Q

One end of an insulated metal rod is maintained at 100 deg C and the...

Physics
Q

Physics Question No 27 Question Palette Two particles undergo SHM along parallel lines with same...

Physics
Q

The distance of point of a compound pendulum from its centre of gravity is the...

Physics
Q

A savings account pays a 3 nominal annual interest rate and has a balance of...

Algebra
Q

A perpetuity earning 4.00% compounded semi-annually is started with a $159,000.00 investment. How much money...

Accounting
Q

The following labor standards have been established for a particular product: Standard labor hours per...

Accounting
Q

Which of the following is an example of the implementation of managerial accounting? Question 5...

Accounting
Q

Suppose you have the opportunity to invest in a project which is expected to generate...

Finance
Q

Question 1 (10 marks) 1a) On 1 May 2020 Harry's Plastics Ltd acquires goods from...

Accounting