Answer:
$4.50
Explanation:
The sunk cost is the cost that has been incurred and is unrecoverable in the process of taking a financing decision.
If the cost of a coffee cup from a local gas station cost $5.00 and the cost of refill is $0.50, the coffee is the actual element needed and from the refill, it can be estimated that it costs $0.50.
Hence the sunk or unrecoverable cost is the difference between the coffee cup and the refill cost
= $5.00 - $0.50
= $4.50
Answer:
The IPO Process
One of the underwriters in the IPO deal described above is.
a. J.P. Morgan Securities Inc.
Explanation:
J.P. Morgan Securities Inc. and the following underwriters, Goldman Sachs & Co., Bear Stearns & Co. Inc., Credit Suisse First Corporation, and Lehman Brothers Inc. was involved in the Initial Public Offering (IPO) in 1999, where $3.6 billion was raised in the United States and Canada. An underwriter is a financial specialist, working closely with the issuing houses to determine the initial offering price of the securities. The underwriters usually buy the securities from the issuer and then sell them to investors using its distribution network.
Answer:
you would need 68000 of the coupon bonds to issue to raise the $68 million.
Explanation:
price of the coupon bond = $1000
number of coupon bond = $68 million/1000
= 68000
Therefore, you would need 68000 of the coupon bonds to issue to raise the $68 million.
Question is incomplete as the cost of the sidewalk is not given :
Assume the sidewalk cost an additional $6 per foot.
Answer:
$8366
Explanation:
Given that :
Size of porch = 16 by 18 feets
Area of porch = (16 * 18) = 288 ft²
Cost per ft² = $27
Cost of porch = ($27 * 288) = $7,776
Sidewalk = 15feets
Cost per foot = $6
Cost of sidewalk = ($6 * 15) = $90
Cost of gate = $500
Total cost :
(cost of porch area + side walk + gate)
($7776 + $90 + $500) = $8366
Kindly note that the cost pwr foot of sidewalk was erroneously excluded and the value employed for the cost was only assumed.
