Answer:
The Whistling Straits Corporation needs 1,498,000 shares to be sold to raise $91 million.
Explanation:
Total Finance Needed = $91,000,000
Offer price per share = $65 per share
Charges of underwriter = 7%
Total Number of shares needed to be sold = ( $91,000,000 / $65 ) x 107%
Total Number of shares needed to be sold = 1,400,000 x 107%
Total Number of shares needed to be sold = 1,498,000 shares
The Whistling Straits Corporation needs 1,498,000 shares to raise $91 million.
Answer:
d. All of the above
Explanation:
A budget can be defined as a financial plan of estimated revenues, resources and expenses over a specific period of time in a particular country. It is usually reevaluated based on future plans and objectives periodically, typically on an annual basis. Thus, budgets are usually compiled, analyzed and re-evaluated on periodic basis.
Budgeting competency requires the ability to:
a. Define the production system.
b. Quantify expected operations in dollars.
c. Analyze actual results considering the budget to determine where costs were better or worse than expected.
Additionally, the first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
<em>The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies. </em>
Based on the fact that the bond is not denominated in the currency of the market it is sold in, this is a <u>Eurobond</u>.
<h3>What is a Eurobond?</h3>
- It denominated in a separate currency than that of the country it is being sold in.
- It is usually denominated in USD.
For instance, a Eurobond would be one that is issued by an Indian company in India but is denominated in U.S. Dollars. This gives the bond less exchange rate risk.
In conclusion, this is a Eurobond.
Find out more on bonds at brainly.com/question/23490950.
Answer:
4 years
Explanation:
Given;
Purchasing cost of the vehicle = $50,000
Salvage value = $10,000
Depreciation expense = $5,000
Depreciation account at the end of the current year = $20,000
Now,
Annual Depreciation expense using the straight-line method is given as;
=
=
or
Depreciation expense =
also,
Depreciation expense = $5,000
thus,
$5,000 =
or
useful life =
or
useful life = 4 years
Answer:
depreciation for year 2 = $773.88
Explanation:
the MACRS depreciation schedule for computer equipment is:
5 year class life (half year convention)
year depreciation % assets' cost depreciation expense
1 20% $1,500 $300
<u>2 32% $1,500 $480</u>
3 19.20% $1,500 $288
4 11.52% $1,500 $172.80
5 11.52% $1,500 $172.80
6 5.76% $1,500 $86.40
the MACRS depreciation schedule for an oven is:
7 year class life (half year convention)
year depreciation % assets' cost depreciation expense
1 14.29% $1,200 $171.48
<u>2 24.49% $1,200 $293.88</u>
3 17.49% $1,200 $209.88
4 12.49% $1,200 $149.880
5 8.93% $1,200 $107.16
6 8.92% $1,200 $107.04
7 8.93% $1,200 $107.16
8 4.46% $1,200 $53.52
depreciation for year 2 = $480 + $293.88 = $773.88