An investment banker agrees to a best efforts offering of 2.5 million shares of Crew stock. The offer price is set at $35 per sh
are. If the stock is actually sold to the public at $34.50 and the banker charges a 3.45 cent commission per share sold, what is the amount of funds Crew receives? (Ignore any other fees or expenses.)
Hi, the stock is actually sold to the public at $34.50 and the bankers commision is 3.45 cents/share ($0.0345/share), the revenue per share is $34.50 - $0.0345 = $34.4655.
Since there are 2,500,000 shares at $34.4655 per share, Crew receives:
In the case when the tax burden increased so the role of the auditor is to audit the financial statements of the company and based on this they given the opinion that could be either favorable or unfavorable also they look into the operational effectiveness and efficiency but the role of the auditor is not increasingly important as for the tax purpose the tax accountant should be considered such as Chartered accountant, etc
We know that a market segment is a group of people who share one or more common characteristics, lumped together for marketing purposes.
In this example, The Coffee Collective is seeking to discover target customers who share particular coffee drinking habits and who are open to loyalty reward programs. Thus, they aim to find potential customers who share common characteristics.
