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statuscvo [17]
3 years ago
7

As the chief financial officer (CFO), you identify that your firm needs to raise additional funds by selling new shares of stock

. Which of the following refers to a specialist that assists corporations in the issue and sale of new securities?A. An investment bankerB. A commodities brokerC. An officer of the Securities and Exchanges Commission (SEC)D. An institutional investor advisor Investment bankers provide assistance to firms issuing new securities.
Business
1 answer:
const2013 [10]3 years ago
3 0

Answer:A) an investment banker

Explanation: An investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.

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The following information has been provided by New​ Age, Inc.:
N76 [4]

Answer:

(D) $ 4,950

Explanation:

The computation is shown below

As We know that

Ending work in process inventory = Opening work in process inventory + total manufacturing cost - cost of goods manufactured

where,  

Total manufacturing cost = Direct materials used + direct labor cost + manufacturing overhead  cost

= $10,000 + $25,800 + $19,200

= $55,000

So, the opening work in process inventory would be

$11,200 = Opening work in process + $55,000 - $48,750

So, the opening work in process is

= $4,950

7 0
3 years ago
An example of an ad valorem tax is
MA_775_DIABLO [31]
Municipal Property Taxes 
7 0
3 years ago
The role of a campaign manager is to
Westkost [7]

The role of campaign manager is to oversee a campaign organization. He is responsible for coordinating the operations and activities of the campaign on day to day basis, and the activities that indirectly or directly support the campaign. He manages the activities and makes the campaign effective. His responsibilities include management of staff, coordination with the candidates, looking after campaign budget.

5 0
3 years ago
Read 2 more answers
E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first di
brilliants [131]

Answer:

$25.86.

Explanation:

To address this problem we first calculate the present value of all dividend received at time t = 20, then we discount that sum to time t = 0 (now).

The cashflow pattern of this preferred stock is similar to perpetuty.

Stock value at time t = 20 = Dividend/Required rate of return = 20/10.5% = 190.48

Stock value at time t = 0 = (Stock value at time t = 20)/(1 + Required rate of return)^20 = 190.48/(1 + 10.5%)^20 = 25.86.

6 0
3 years ago
Fosnight Enterprises prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of
Travka [436]

Answer:

$1,960

Explanation:

Complete Questin:

Fosnight Enterprises prepared the following sales budget:

Month Budgeted Sales

March $6,000

April $13,000

May $12,000

June $14,000

The expected gross profit rate is 30% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold. What is the desired beginning inventory on June 1?

Sales = 100% – 30%

Gross Profit = 70%

Cost of Goods Sold (CGS)

Therefore, June Sales= $14,000 × 70%

= 9,800 (CGS) × 20%

= $1,960

8 0
3 years ago
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