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MaRussiya [10]
3 years ago
8

Mountain Mining requires $3.3 million to expand its current operations and has decided to raise these funds through a rights off

ering at a subscription price of $18 a share. The current market price of the company's stock is $24.70 a share. How many shares of stock must be sold to fund the expansion plans?a. 140,015 sharesb. 118,943 sharesc. 126,667 sharesd. 135,000sharese. 105,689 shares
Business
1 answer:
DedPeter [7]3 years ago
3 0

Answer:

183,333.33 shares

Explanation:

The computation of the shares of stock need to be sold is shown below:

= Total amount required to expand its current operations ÷ subscription price

= $3,300,000 ÷ $18 per share

= 183,333.33 shares

This is the answer and the same is not provided in the given options

We simply divide the Total amount required to expand its current operations by the subscription price so that the accurate shares can come.

All other information which is given is not relevant. Hence, ignored it

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What are six steps in developing your brand's marketing message?
Sveta_85 [38]

Here are Six essential steps for developing consistent brand messages.

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4.      Connect the stakeholders – Make sure the messages, promises, and benefits are appropriately vetted through the organization to ensure that all stakeholders are aware and able to deliver on any direct or implied promises to the consumer.

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4 0
3 years ago
Margot's Deli Company has the following information for July. Cost of materials placed in production $30,000 Direct labor 25,000
matrenka [14]

Answer:

cost of goods manufactured= $68,400

Explanation:

Giving the following information:

Cost of materials placed in production $30,000

Direct labor 25,000

Factory overhead 14,000

Work in process inventory, July 1 2,900

Work in process inventory, July 31 3,500

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

<u></u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 2,900 + 30,000 + 25,000 + 14,000 - 3,500

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8 0
3 years ago
To verify the quality and integrity of completed visuals ask yourself all of the following questions, except
kupik [55]

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7 0
3 years ago
Read 2 more answers
The Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968, requires that lenders do all of the fo
antiseptic1488 [7]

Answer:

Give consumers copies of their credit reports.

Explanation:

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The Fair Credit Reporting Act, or Title VI of the Consumer Credit Protection Act of 1968 is a federal law of the United States of America that was enacted by the 91st US Congress and signed into law by President Richard Nixon on the 26th of October, 1970.

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Tyrone, a project manager at a computer firm, needs to monitor the schedule of a critical project. What should Tyrone do first?
MA_775_DIABLO [31]

Answer:

The correct answer is letter "C": Identify major scope creep.

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