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Radda [10]
3 years ago
5

Devine Linens (DL) must raise $14,000,000 to support future growth. If it raises the funds by issuing stock, DL must pay an inve

stment banker 5 percent of the total amount issued plus $250,000 in other costs associated with the issue. What is the amount of stock that DL must issue to net $14,000,000 after flotation costs?
A. $14,962,500B. $14,950,000C. $14,737,092D. $15,000,000E. $13,537,500
Business
1 answer:
blsea [12.9K]3 years ago
5 0

Answer:

D. $15,000,000

Explanation:

amount to be raised before 5%cost = $14,000,000 + $250,000

                                                            =$14,250,000

then:

100 - 5 = 95%         ~~     $14,250,000

100%                       ~~      $ 15,000000

Therefore, the amount required to be raised is $15,000,000.

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In this scenario, the GDP for the two products being sold to a customer is $6.00.
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3 years ago
The retail mall owner told a marketing researcher, "We have the option of staying open late twice a week or opening up an hour e
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Answer:

develop your research plan

Explanation:

The five steps in the marketing research process are:

  1. Define the problem (or opportunity)
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3 years ago
Accountants consider only explicit costs when measuring accounting profit. Accountants ignore implicit costs because
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Answer:

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3 years ago
Jones Corp. reported current assets of $196,000 and current liabilities of $138,500 on its most recent balance sheet. The curren
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Answer:

0.74

Explanation:

Jones corporation reported a current assets of $196,000

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The current assets consists of $61,000 cash , account receivable= $42,100, inventory= $92,900

Therefore the quick ratio can be calculated as follows

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The town of Fairness has a law that says that wages should be high enough to ensure that all people can afford to buy enough foo
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Answer:

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So in the given question, it is mentioned that the prices of food are set low that are sufficient to meet the requirement represent the price ceiling example

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