Answer:
$0.71
Explanation:
Calculation to determine What was the average selling price for the common stock issued
Using this formula
Common stock issued avarage selling price=
Paid-in Capital in Excess of Par-Common÷Common Stock par value per share
Let plug in the formula
Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)
Common stock issued avarage selling price=$698,000/$980,000
Common stock issued avarage selling price=$0.71
Therefore the average selling price for the common stock issued is $0.71
The question is incomplete as it is missing the figures. The complete question is,
Mercer, Inc. provides the following data for 2019:
Net Sales Revenue 598000
Cost of Goods Sold 350000
The gross profit as a percentage of net sales is ________. (Round your answer to two decimal places.)
Answer:
Gross profit as a percentage of net sales = 0.4147 or 41.47%
Explanation:
The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.
Gross profit = Net Sales - Cost of goods sold
Gross Profit = 598000 - 350000 = $248000
The gross profit as a percentage of net sales is,
Gross profit as a percentage of net sales = Gross profit / Net Sales
Gross profit as a percentage of net sales = 248000 / 598000
Gross profit as a percentage of net sales = 0.4147 or 41.47%
Answer:
$12.20 per share for a total of $61,000,000
Explanation:
Calculation to determine how much will the managing underwriter's fee will total:
First step is to calculate the underwriting risk. Amount
Underwriting risk=($0.65 - $0.40)
Underwriting risk=$0.25
Second step is to calculate The total spread is
Total spread=($0.15+ $0.25 +$0.40 )
Total spread=$0.80
Now let determine the amount The issuer will receive and the Total
Amount received = ($13.00 - $0.80)
Amount received=$12.20 per share
Total= ($12.20 x 5,000,000 shares)
Total = $61,000,000
Therefore When the issue is completely sold, the managing underwriter's fee will total:$12.20 per share for a total of $61,000,000
<span>The use of braces explains the meaning of the words preceding the brace. Here Jillian actually mapping her co-worker's decision-making process so the braces probably contain decisions made on some circumstances. The circumstances may be given outside the brace.</span>
The answer is<u> "The economic model of social responsibility".</u>
The economic model of social responsibility holds that society will profit most when business is allowed to sit unbothered to deliver and advertise beneficial items that society needs. Whereas the socioeconomic model of social responsibility places emphasis on benefits as well as on the effect of business choices on society.
