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.
Cash 60000
Office Equipment 25000
To Common Stock 85000
(Being Cash and equipment introduced in business)
Land $40000
Building $160000
To Cash $30000
To Long Term Note Payable $170000
(Being Land and Building purchased partly by cash and long term note payable)
Office Supplies 2000
To Accounts Payable 2000
(Being Office Supplies Purchased on credit)
Automobile 16500
To Common Shares 16500
(Being Automobile introduced in lieu of share)
Office Equipment $5600
To Accounts Payable $5600
(Being Office Equipment Purchased on credit)
Salary $1800
To Cash $1800
(Being Salary Paid in cash)
Cash 8000
To Sales 8000
(Being Sales made in cash)
Answer:
- $454
Explanation:
Net Operating Profit after tax = Net operating profit before tax - tax rate
= $1,800 - 20%
= $360
Economic Value Added:
= Net Operating Profit after tax - (Capital Invested × Weighted average cost of capital )
= $360 - [($8,500 - $1,100) × 11%]
= $360 - ($7,400 × 11%)
= $360 - $814
= - $454
Answer:
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Explanation:
