The information below relates to the Cash account in the ledger of Minton Company. Balance September 1 $17,220 Cash deposited-$64,250. Balance September 30-$18,344 Checks written-$63,126. The September bank statement shows a balance of $17,362 on September 30 and the following memoranda. Debits Credits Collection of $1,962 note plus interest $38 $2,000 NSF check: Richard Nance $895 Interest earned on checking account $73 $53 Safety deposit box rent At September 30, deposits in transit were $4,920, and outstanding checks totaled $2,853

Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.