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Aleksandr [31]
3 years ago
15

An investment bank agrees to underwrite an issue of 15 million shares of stock for Looney Landscaping Corp.

Business
1 answer:
Naya [18.7K]3 years ago
6 0

Answer:

A) Looney Landscaping will receive $187,500,000 (= $12.50 x 15,000,000 shares)

The bank's profit will be $11,250,000 (= ($13.25 - $12.50) x 15,000,000 shares)

B) Looney Landscaping will receive $166,260,000 (= ($12.50 - $0.275) x 13,600,000 shares)

The bank's profit will be $3,740,000 (= $0.275 x 13,600,000 shares)

If the stocks are sold at $11.95 per share, then Looney Landscaping will receive  $158,780,000 (= ($11.95 - $0.275) x 13,600,000 shares)

The bank's profit will be the same, $3,740,000

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The answer would be B, $23,000.

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CPI  

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2 years ago
Imagine that you are serving as the general manager of a hotel. What three aspects do you think would be most important to the s
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1. Create and give innovative experience.

2. Brand and reputation operation

3. Improvement in workers general welfare

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2. Brand and reputation operation. When customers receives a world class experience, reputation is being created here. I would then sustain this reputation by making it a brand upon which the hotel will be identified with subsequently.

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3 years ago
Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Dete
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Answer:

The cost of goods sold using the LIFO menthod is;

d. $3,580

Explanation:

Last in First Out (LIFO) method is an inventory method where the recently purchased good is sold first. This means that when accounting for the cost of goods sold, we use the unit cost of the goods that were purchased recently. In our case;

1 Beginning Inventory 150 units @ $10.00

5 Purchase 220 units @ $12.00

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replacing;

Total number of units sold=(150+140)=290 units

Total number of units sold=290 units

<em>Step 2: Determine total cost of goods sold</em>

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Total cost of goods sold=$3,580

5 0
3 years ago
You're having trouble coping with stressful life events, so you begin seeing a therapist. The therapist does not focus on your c
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