Answer:
Bethesda Biosys
Issue of an IPO:
Net proceeds for the issuer is $82 million, if all the 4 million shares are bought by investors.
Explanation:
a) Calculations:
The spread is $4.5 (18% of $25) per share, since average selling price is $25.
Therefore, the net proceed per share is $20.50 ($25 - 4.50).
And the Total Net Proceeds = $82 million ($20.50 * 4 million), assuming that all four million shares were bought by the public.
Note that the question did not provide the necessary information to make the final decision.
b) During the issue of securities, especially an IPO, underwriters, such as investment banks, pay an issuing company for the securities and then sell the securities to the public. There is always a difference per share price that they are willing to pay the issuer and what they will collect from the investing public. That difference is called the underwriting spread or simply the spread.
c) Best-Efforts Basis: According to investopedia.com, underwriting on best-effort basis is "an agreement between an underwriter and an issuer in which the underwriter agrees to place as much of an offering with investors as possible, but is not responsible for any portion of the offering it fails to sell."
Answer:
C. The choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what to produce to maximize profits.
Explanation:
The extremely large amount of products that large hardware stores, such as Office Depot, carry, are most likely a consequence of the combination of these factors. On the one hand, the customers who go to this stores have a particular want, and their purchases are intended to satisfy these wants. On the other hand, the producers also have to make a choice, and they generally chose the products that are most likely to maximize their profits.
Answer: See explanation
Explanation:
Based on the information given in the question, the corrected amounts for 2020 cost of goods sold would be:
= $1307500 + $36930 - $118630
= $1225800
The corrected Retained earnings would be:
= $5,383,000 - $36,930
= $5,346,070
