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Brilliant_brown [7]
3 years ago
14

McGill purchases additional office equipment to better serves its customers. This purchase is classified as what type of activit

y?
Business
1 answer:
anastassius [24]3 years ago
3 0

Answer: Investing activity.

Explanation:

McGill purchase of office equipment to better serve their customers is an investing activity. An investing activity is the cost recorded by a business organization on investments and procurement of equipments for smooth business operations.

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XYZ, Inc. just sold 700,000 shares in a public offering for an offering price of $24 per share. The underwriting fee was 7.50% o
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Answer:

explicit costs = $1,260,000

the implicit costs = $8,400,000

total costs = $9,660,000

Explanation:

the underwriter's explicit costs = total number of shares x initial price x % charged by underwriter = 700,000 x $24 x 7.5% = $1,260,000

the implicit costs = (market price - initial price) x total number of shares = ($36 - $24) x 700,000 = $8,400,000

total costs = $9,660,000

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Reed Company’s sales last year totaled $150,000 and its return on investment (ROI) was 12%. If the company’s turnover was 3, the
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Given:
Sales Revenue  = 150,000
ROI = 12%
turnover = 3

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12%/3 = Margin
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Answer:

D) $320,000

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We are given the following information:

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