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DedPeter [7]
3 years ago
10

An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 mill

ion shares of common stock, and the underwriting fees were $2.10 per share. The offering price was $27.90 per share. What were the total proceeds from the common-stock sale?​
Business
1 answer:
s2008m [1.1K]3 years ago
3 0

Answer:

The total proceeds from the common-stock sale amounts to $139,500,000

Explanation:

The aggregate proceeds from the sale of common stock is computed as:

Total proceeds from sale of common stock = Number of shares issued × Offer Price per share

where

Number of shares issued is 5 million that is 5,000,000

Offer Price per share is $27.90

By putting the values in the above formula:

= 5,000,000 × $27.90

= $139,500,000

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The Blending Department for ArkYork Paints started October with 500 gallons in process and started in production 9 comma 000 gal
prisoha [69]

Answer:

<u>Production cost report for the Blending Department for the month of October</u>

Inputs

                                                                                     Units                      

Opening Work In Process                                           500

Started                                                                       9,000

Total                                                                           9,500

Outputs

                                                                                    Units                      

Completed and Transferred                                      6,500

Closing Work In Process                                            3,000

Total                                                                            9,500

Explanation:

The concept of equivalent units measures the number of units completed in terms of completion stage of the the inputs.

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3 years ago
Williamson Industries has $6 billion in sales and $1.1 billion in fixed assets. Currently, the company's fixed assets are operat
erma4kov [3.2K]

Answer:

$6,666,666.67

Explanation:

The computation of the level of sales operating at full capacity is as follows

= Sales ÷ Operating capacity percentage

where,

Sales is $6,000,000

And, the operating capacity percentage is 90%

Now placing these values to the above formula

So, the level of sales operating at full capacity is

= $6,000,000 ÷ 90%

= $6,666,666.67

Hence, the level of sales is $6,666,666.67

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