The firm's market capitalization after the Initial Public Offering (IPO) with an outstanding shares of 5 million and current market price of $12 is $60 million.
<h3>What is market capitalization?</h3>
Market capitalization is the value of a firm's outstanding shares based on the current market price.
For this firm, the market capitalization is calculated as $60 million ($12x 5million).
Thus, the firm's market capitalization is $60 million.
Learn more about market capitalization at brainly.com/question/25300299
#SPJ1
Answer: hierarchy of effects
Explanation:
The Hierarchy of Effects model which was created by Robert J Lavidge and Gary A Steiner in 1961 posits that advertisers should design adverts in such a way that the intended individuals go through 6 stages being;
a) Awareness - customer should be aware of the brand
b) Knowledge - ensure that positive knowledge about the brand is widespread
c) Liking - Prop up the emotional benefits of the brand to make people like it
d) Preference - Ensure that the points that make your brand different from other similar brands are well communicated so that the individual builds a preference
e) Conviction - the doubt in the individuals' mind must be removed here.
f) Purchase - most crucial stage. Here the product needs to be sold in a hassle free way to the consumer.
The financial statement that highlights the components of net income is the income statement.
<h3>What is an income statement?</h3>
The income statement is a financial statement that contains the record of a company's income and expenses in a financial year. It is used for determining if a company is earning a profit or a loss.
It also contains components that explains the net income of the company.
To learn more about income statement, please check: brainly.com/question/9060570
Answer:
The East India Company established political power to assert their monopoly right to trade. The Company tried to eliminate the existing traders and brokers connected with the cloth trade and establish a more direct control over the weavers.
IF YOU GET THIS HELPFULL PLEASE PUT ME ON BRAINLIEST
Explanation:
Answer:
Debit Accounts receivable $3,000
Credit Consulting Revenue $3,000
Explanation:
Based on the information given if the company provides consulting services and bills its customer the amount of $3,000 for these services the appropriate journal entry On December 31 will be:
On December 31
Debit Accounts receivable $3,000
Credit Consulting Revenue $3,000