1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
crimeas [40]
3 years ago
8

The Boat Works decided to go public by offering a total of 135,000 shares of common stock to the public. The company hired an un

derwriter who arranged a firm commitment underwriting and an initial selling price of $24 a share with a spread of 8.3 percent. As it turned out, the underwriters only sold 122,400 shares to the public. What is the amount paid to the issuer
Business
1 answer:
Alex787 [66]3 years ago
7 0

Answer:

The amount paid to the issuer is $2,971,080.

Explanation:

The total number of shares is 135,000.

Though only 122,400 shares are sold to the public.

The initial selling price is $24.

The spread percentage is given at 8.3%.

The amount paid to the issuer will be

=Total number of shares*Initial selling price (1-spread)

=135,000*24*(1-0.083)

=135,000*24*0.917

=2,971,080

So, the amount paid to the issuer is $2,971,080.

You might be interested in
Kathy is working her way through college. she has a job at burger fast where she makes an annual salary of $12,500. what is her
Liula [17]
520.83 cents take the amount divide it by 12 then 2.
7 0
3 years ago
The following information pertains to Sooner Company's cash balance and bank reconciliation as of August 31: Company balance bef
MAXImum [283]

Answer: The correct cash balance for Sooner Company is "(C) $7,150."

Explanation: The balance of the company before the settlement was $ 5000. The data to take into account to adjust the differences are:

Notes collected by the bank $ 2,200

Service fee $ 50

<u>Therefore: 5000 + 2200 - 50 = $7150</u>

6 0
3 years ago
Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. however, this
Lisa [10]
The answer is <span>c. what proportion of the bank's visa cardholders pay less than $15 in interest? as that is the best question.</span>
7 0
3 years ago
The purchase and sale of long-term assets and current investments are classified as:
Sveta_85 [38]

ash transactions that encompass purchase as well as sale of long-term assets as well as current investments can be considered to classified as Investing activities.

  • Investing activities can be regarded as one of the categories of net cash activities which is been reported by business on the cash flow statement.

  • It is the purchase as well as sale of long-term assets at a given period.

Therefore, Investing activities is correct.

Learn more at:

brainly.com/question/13158188?referrer=searchResults

8 0
2 years ago
Where are did spain settle in
Natasha2012 [34]
Christopher Columbus discovered the Jew World, but did not know that it was an unknown world. Because of his voyages, Spain was ablemto settle in present-day Florida and Mexico. Spain also settled down in most of Latin America. Also, Spain settled in half of South America. Although, now al of the places they settled in have revolted and gained independence from Spain, or were sold to other countries and later got their independence.
6 0
3 years ago
Other questions:
  • Choose a well-known company that you know of, and describe its direct and indirect competitors. Describe at least 2 direct compe
    5·1 answer
  • Managers use a predetermined overhead rate for which of the following reasons?
    6·1 answer
  • How is unit labor cost computed? a. By dividing the total level of output by the total cost of workers b. By dividing the total
    15·1 answer
  • . Understanding how shirking decreases team output Caroline sells bottled water from a small stand by the beach. On the last day
    10·1 answer
  • The process of choosing an option after evaluating the available information and weighing the costs and benefits of the alternat
    12·1 answer
  • In an organizational setting, a _____ is a small number of people with complementary skills who work together for a common purpo
    13·1 answer
  • Which of these careers interest you? Check all that apply and why.
    6·2 answers
  • Consequences of migration on the receiving country​
    13·1 answer
  • Suppose Alex and Becky are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix t
    5·1 answer
  • What is the opportunity cost of studying for an important exam
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!