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Molodets [167]
2 years ago
9

Universal Waste Disposal sold 1,350,000 shares of stock at $24.62 per share. The investment banker's commission was 5% of the va

lue of the stock. Accounting fees were $450,000, legal fees were $1,225,000, printing costs were $275,000, and other selling expenses were estimated to be $300,000. To the nearest dollar, what net proceeds did Universal Waste Disposal receive?
Business
1 answer:
love history [14]2 years ago
4 0
In total, the money they got was 1.350.000*24.62=33.237.000$ . 5% of it was given to the investment banker; so UWD keeps 95% of it. 95% * 33.237.000= 31.575.150$. The total costs were 1.225.000+450.000+275.000+300.000=2.250.000$
We need to take the difference of these 2 to calculate the net gain. This gain is 29.325.150$ .
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Read 2 more answers
Blanchard Company manufactures a single product that sells for $180 per unit and whose total variable costs are $135 per unit. T
Ira Lisetskai [31]

Answer:

1.$35,000

2.$6,300,000

Explanation:

The computation of Unit sales to earn the target income and Sales amount at required profit is given below:-

a. Contribution per unit = Unit sale price - Unit variable cost

= $180 - $135

= $45

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= ($562,500 + $1,012,500) ÷ $45

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b. Sales amount at required profit = Unit sales at required profit × Unit sale price

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8 0
3 years ago
Star Repairs Co. does all the repair work for a medium-sized manufacturer of handheld computer games. The games are sent directl
AveGali [126]

Answer:

The correct answer is "$120,250".

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The given values are:

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=  $38,500

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Now,

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= Opening Inventory + Purchases - Closing Inventory

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2 years ago
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Answer:

Explanation:

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