1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
balu736 [363]
2 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]2 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.

You might be interested in
Buying or selling stock is _____.
NNADVOKAT [17]
INVESTING IS THE CORRECT ANSWER ]

4 0
3 years ago
Read 2 more answers
One of the ten IG principles is a Continuous improvement. What is the importance of this principle to the organization program?
nasty-shy [4]

Answer:

The correct answer is letter "A": Provide periodic program review and necessary adjustment against gaps and or shortcomings.

Explanation:

Information Governance or IG principles are regulations that look for taking care of information security and control. Ten (10) are the IG principles and Continuous Improvement is the last one. This principle states that the programs reviewed by the IG are being transformed continuously which implies monitoring on a regular basis to avoid business gaps and shortcomings.

6 0
3 years ago
Marketing links producers to
Nastasia [14]
Marketing links producers to customers.
7 0
2 years ago
Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the mos
Pani-rosa [81]

Answer:

$100,000 and $241,000

Explanation:

The computation of the gross profit for the Black and Navy Divisions shown below:

As we know that

Gross profit = Sales - cost of goods sold

For Black, it would be

= $200,000 - $100,000

= $100,000

And, for Navy, it is

= $400,000 - $159,000

= $241,000

We simply applied the above formula to compute the gross profit

6 0
3 years ago
What is an entitlement?
madam [21]

Hey! Let's do this together.

An entitlement is a provision made in accordance with a legal framework of a society.

That shows us that we can sum up our answer to "A".

Hopefully you understand, if not we can work on it some more :)

Thanks for using Brainly!

6 0
3 years ago
Read 2 more answers
Other questions:
  • On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. the equipment had cost
    8·1 answer
  • What is the subject of Federal Open Market Committee decisions?
    13·1 answer
  • 2. What is Amazon’s core business? Is AWS related to Amazon’s core business? Why or why not? Some investors are pressuring Jeff
    12·1 answer
  • In economics, we cannot accurately predict what individuals will do, but only what people in general will do. Why?
    13·1 answer
  • Why are closing costs a one time fee?
    15·1 answer
  • How does decision making help a farm business grow?​
    14·1 answer
  • Danny "Dimes" Donahue is a neighborhood’s 9-year-old entrepreneur. His most recent venture is selling homemade brownies that he
    6·1 answer
  • Acme Enterprises just bought a new manufacturing machine. Which of these costs should be capitalized? (Check all that apply.)
    15·1 answer
  • What are chemical contaminants
    9·1 answer
  • According to the traditional approach to capital​ structure, the value of a firm will be maximized when​ ________. A. the financ
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!