Ginormous Oil Entered into an Agreement to Purchase All of the Outstanding

question 12

Multiple Choice

Ginormous Oil entered into an agreement to purchase all of the outstanding shares of Slick Company for $60 per share.The number of outstanding shares at the time of the announcement was 82 million.The book value of liabilities on the balance sheet of Slick Co.was $1.46 billion.What was the cost of this acquisition to the shareholders of Ginormous Oil?

• A) $1.46 billion
• B) $3.46 billion
• C) $4.92 billion
• D) $6.38 billion
• E) $8.38 billion
• F) None of the above.

Explain the relationship between price and quantity supplied and the formation of supply curves.

Understand the concept of supply and demand and how changes in these affect market prices.

Identify factors that shift supply and demand curves.

Distinguish between normal, inferior, complement, and substitute goods.

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