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
The market should determine the price of goods and services only. The commercialization of human organs would increase the existing social inequality. This is because poor people would only be able to sell their organs, meaning they would not have the ability to buy a kidney if they needed it. On the other hand, it would increase the sale of kidneys for material survival itself, which is morally reprehensible.
Individuals provide labor for factor markets and buy goods in product markets.
Market Activity is performed as two cycles moving in opposite directions. In one direction, there is a flow of goods and services from individuals to businesses and back again. This concept is simplified in that as laborers, we go to work to make things or provide services that people want.
