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hjlf
3 years ago
10

A mid-sized firm plans to issue 10 million shares during an IPO. The underwriter plans to sell shares at $18.60; however, many i

nvestors believe the company should be valued at $27.50 per share. If the underwriter charges a $1.7 million fee to undertake the IPO, how much will the firm raise in the IPO?
Business
1 answer:
Gwar [14]3 years ago
5 0

Answer:

$184,300,000

Explanation:

A mid-sized firm plans to issue 10 million shares during an IPO.

The underwriter plans to sell shares at $18.60; which implies a cash inflow of 10,000,000 x 18.6 = $186,000,000

If the underwriter charges a $1.7 million fee to undertake the IPO, The firm would raise in the IPO

$186,000,000 - $1,700,000 = 184,300,000

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Find the mean, median and mode for the above set of data
qwelly [4]

Answer:

a. Mean = 35.2 ≈ 35

b. Median = 35.6 ≈ 36

c. Mode = 36.6 ≈ 37

Step-by-step Explanation:

==>Given:

Class of ages in yrs

No. of cases of each class = f

Midpoint of each class = x

Product of midpoint and no. of cases of each class = fx

==>Required:

a. Mean

b. Median

c. Mode

==>SOLUTION:

a. Mean = (Σfx)/Σf

Σf = sum of no. of cases = 5+10+20+22+13+5 = 75

Σfx = 47.5+195+590+869+643.5+297.5 = 2,642.5

Mean = 2,642.5/75 = 35.2 ≈ 35

b. Median = Lm + [((Σf/2) - Cfb)/fm]Cw

Our median is between the 37th and the 38th term, which can be found in the class interval 35-44. This is our median class.

Lm = Lower class boundary of the median class = lower limit of the Medina class + upper limit of the class before the median class ÷ 2 = (35+34)/2 = 34.5

Σf/2 = 75/2 = 37.5

Cfb = Cumulative frequency of class before the median class = 5+10+20 = 35

fm = frequency of the Medina class = 22

Cw = Class width = upper class boundary - lower class boundary = 44.5-34.5 = 10

Median = 34.5 + [(37.5-35)/22] × 10

= 34.5 + [2.5/22] × 10

= 34.5 + [25/22]

= 34.5 + 1.1

= 35.6 ≈ 36

c. Mode = Lm + [∆¹/(∆¹+∆²)]Cw

Modal class = (35-44) [i.e. the class with the highest frequency, which is where our mode falls in]

Lm = lower class boundary of the modal class = lower limit of the modal class + upper limit of the class before the modal class ÷ 2 = (35+34)/2 = 34.5

∆¹ = difference between the frequency of the modal class & the frequency of the class before the modal class = 22 - 20 = 2

∆² = difference between the frequency of the modal class & the frequency of the class after the modal class = 22 - 13 = 9

Cw == Upper class boundary - Lower class boundary = 44.5 - 34.5 = 10

Mode = 34.5 + [2/(2+9)] × 10

= 34.5 + [2/11] × 10

= 34.5 + [20/11]

= 34.5 + 1.8

Mode = 36.6 ≈ 37

8 0
3 years ago
A group of lawyers that works at Jameson & Emerson law firm has informally agreed to explain to the interns the requirements
Marianna [84]

Answer: norms

                         

Explanation: In simple words, norms refers to the standard behavior that is expected from a group or an individual in a certain social or work environment.

Norms includes rules and procedures, which are usual and typical in nature, that guides the actions of an individual while performing the activities he or she is obligated to.

In the given case,the lawyers are also guiding the new employees how to act in certain situation hence they are teaching them norms of the organisation.

8 0
3 years ago
Jenny runs a small boutique in New Orleans and has five employees working under her. Lately, she has noticed that her boutique h
Mrac [35]

Lewin's three stage change process include the steps 'Unfreeze', 'Change' and 'Refreeze'. Jeenny's decision to recruit five employees illustrates the 'Unfreeze' step. It is the first step in a change management process. This step includes determining what needs to be changed. After she discovered that not delivering the customer orders on time is the problem and that is due to the insufficient manpower, she has decided what to do. This resembles the 'Unfreeze' step in the Lewin's three stage change process.

8 0
4 years ago
. Intellus has long-term debt of $5 million, owners' equity of $7.5 million, current assets of $1 million, gross fixed assets of
stich3 [128]

Answer:

- $0.5 million

Explanation:

The computation of the net working capital is shown below:

We know that

Net working capital = Current assets - current liabilities

where,

Current assets = $1 million

The net fixed assets = Gross fixed assets - Accumulated depreciation

= $20 million - $7 million

= $13 million

Total assets = Current assets + net fixed assets

                    = $1 million  + $13 million

                    = $14 million

And,

Total assets = Total liabilities + owners equity

$14 million = Total liabilities + $7.5 million

So, the total liabilities is

= $14 million - $7.5 million

= $6.5 million

Total liabilities = Current liabilities + long term debt

$6.5 million =  Current liabilities + $5 million

So, Current liabilities is $1.5 million

Now the net working capital equal to

=  $1 million - $1.5 million

= - $0.5 million

7 0
3 years ago
Which situation best Illustrates the effects of inflation
Vitek1552 [10]

Answer:

creo que son 600000 pero no estoy segura busca en otro sitio

8 0
3 years ago
Read 2 more answers
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