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?
The proceeds that UWD received will be as follows: Number of shares 1,350,000 share price $24.62 Amount realized from the shares: 1,350,000×24.62 =33,237,000
Total amount to be deducted will be: (Commission+Accounting fees+legal fees+printing costs+selling expenses) commission=$1,661,850 Accounting fees=$450,000 legal fees=$1,225, 000 printing cost=$275,000 selling expenses=$300,000
This is indeed a connection to compulsory tax and government expense stabilizers which weren't at the discretion including its government. Throughout the event of a recession, expenses are cut, rising discretionary income to something like the extent that the economic depression is pacified.
Unemployment insurance, as well as other social programs, are consequently expanded without the clear intervention of the government
The other options offered are also not relevant to the scenario presented. So, the solution above is the right one.
The answer is: E) It would not necessarily be considered high elsewhere
Explanation:
Usually the inflation rate in the US and Europe is around 1-3%. In the early 1980's the US inflation rate was above 10% so it was considered huge. But if you consider it against inflation rates in other countries, like Argentina for example, which currently has an annual inflation rate of over 60% then it wasn't that big. During the 1980's many countries suffered from hyperinflation, with monthly inflation rates of over 50%.
So the high inflation rate in the US and Europe wasn't necessarily high for other countries.
<h2>Answer:Non-price competition typically involves promotional expenditures (such as advertising, selling staff, the locations convenience, sales promotions, coupons, special orders, or free gifts), marketing research, new product development, and brand management costs.</h2>
electronic banking can be defined as a process through which money is being transferred through electronic signal exchange rather than the traditional way of money exchange throug cheque or documents.
Electronic banking facilities that uses electronic equipment are;
