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balu736 [363]
3 years ago
15

The Sullivan Co. needs to raise $65.4 million to finance its expansion into new markets. The company will sell new shares of equ

ity via a general cash offering to raise the needed funds. The offer price is $54 per share and the company’s underwriters charge a spread of 8 percent. How many shares need to be sold?
Business
1 answer:
Dimas [21]3 years ago
6 0

Answer:The Company needs to sell 1.11 million shares.  

Explanation:

Since 8% shares are already taken b underwriters, the Compay needs to sell 92% of shares. So 92% of total amount (65.4 million) is $ 60.168 million. We will divide the amount by price per share of $54 to get amount of shares needed to be sold. So after dividing is $ 60.168 million by $54, we get 1.11 million shares which is the answere.

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Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi
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4 years ago
Presented below is information related to Crane Company at December 31, 2020, the end of its first year of operations.
pshichka [43]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

Formula:

= \text{sales-Cost of product sold -Selling and Administrative expense}

=316,550-150,400-53,900\\\\=112,250

In point b:

Formula:

=\text{Income from operation + Gain on sale of plant assets} - \text{Interest Expense} -\text{Loss from discontinued operations}\\\\=112,250+30,560- 5,840- 11,990\\\\=124,980

In point c:

Formula:

=\text{Net Income-  Allocation to noncontrolling interest}

= 124,980 - \text {missing value}

In point d:

Formula:

=\text{Net Income+ Unrealized gain on available for sale debt investments}\\\\= 124,980- 9,460\\\\=115,520

In point e:

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=\text{Net Income - Dividends declared and paid}\\\\=124,980- 4730\\\\=120,250\\\\

5 0
3 years ago
According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, m
postnew [5]

Workplace practices affect job satisfaction, which influences Employee retention, motivation, and behavior, in turn affecting all of the following except: organizational structure.

<h3>What is Service Profit Chain Model ?</h3>

Service-profit chain, a company should establish a link between employees and customer experience on the one hand and create profit and growth on the other. The different relationships reinforce each other; satisfied customers contribute to employee satisfaction, loyal employees contribute to customer loyalty, and this customer loyalty will eventually result in profit.

The Service Profit Chain involves customer loyalty, customer satisfaction, employee loyalty, employee satisfaction and productivity. This way, strong links develop between:

  • Profit – Customer loyalty
  • Employee loyalty – Customer loyalty
  • Employee satisfaction – Customer satisfaction

Workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior. These employee outcomes affect service quality, which then influence customer satisfaction and perceptions of value, customer referrals, and ultimately the company's profitability and growth.

Therefore, we can conclude that the correct option is E.

Your question is incomplete, but most probably your full question was:

According to the service profit chain model, workplace practices affect job satisfaction, which influences employee retention, motivation, and behavior, in turn affecting all of the following except:

A. service quality.

B. customer satisfaction.

C. perceptions of value.

D. profitability.

E. organizational structure.

Learn more about Service Profit Chain Model on:

brainly.com/question/13304258

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8 0
2 years ago
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