Answer:
2,557,065 shares
Explanation:
Offer price = $30 per share
Underwriters Charge : 8%
If the company's underwriters sells new shares at the $30 per share issue price, Whistling straits corporation will receive:
offer price x (1 - underwriters charge)
= $30 × (1 - 0.08) = $27.60
The number of shares that needs to be sold will be:
= 2,557,065.217
≈ 2,557,065
Therefore number of shares to be issued will be = 2557065 shares
Answer:
opportunity cost
Explanation:
The concept of Opportunity cost deals with the idea that individuals, investors, or business owners, due to scarcity of resources, lost possible benefits that could be gained, as he or she chooses alternative choice.
Hence, the underlying reason or factor trade benefits both sides of a trading arrangement is rooted in the concept of OPPORTUNITY COST.
Therefore, the right answer is Opportunity cost.
Answer:
Gain from sale = $23,067
Explanation:
the none interest bearing note must be recorded at present value:
present value of the note = face value / (1 + r)ⁿ
- face value = $253,240
- r = 11%
- n = 3
PV = $253,240 / (1 + 11%)³ = $185,167
the note receivable must be recorded at $253,240, but $68,073 will be recorded as interest revenue.
the journal entry for the transaction should be:
January 1, 2020, sale of a building:
Dr Notes receivable 253,240
Dr Accumulated depreciation 101,140
Cr Building 263,240
Cr Interest revenue 68,073
Cr Gain from sale 23,067
Answer:
Following are the solution to this question:
Explanation:
Assume that 
will be a 12-month for the spot rate:
Assume that 
will be a 18-month for the spot rate:
Assume that 
will be a 18-month for the spot rate:
to solve this we get 
The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true
<u>Explanation:
</u>
A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.
The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.
These includes the following,
- Composition
- Leadership structure
- Interlocks
The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.
