Which of the following indicates that a firm has a full outright stake in an acquisition?
A. Anderson Corporations acquires at least 75 percent of a company.
B. Sheffield Enterprises acquires at least 60 percent of a company.
C. Arthur Enterprises acquires 98 percent of a company.
D. Maximus Corporations acquires 100 percent of a company.
E. Dream Animax acquires at least 85 percent of a company.
D
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Using a modified discriminant function similar to Altman's, Burger Bank estimates the following coefficients for its portfolio of loans: Using Z = 1.682 as the cut-off rate, what should be the debt to asset ratio of the firm in order for the bank to approve the loan?
A. 40.0 percent. B. 46.5 percent. C. 51.5 percent. D. 54.0 percent E. 65.0 percent.
The ________ comes into effect when a contract describes itself as being complete and final, preliminary or informal agreements made prior to or at the same time the contract was made will be ignored when interpreting it
A. choice-of-law clause B. Ultravires rule C. parol evidence rule D. per se rule