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ASHA 777 [7]
3 years ago
5

Type: Newspaper Article

Business
1 answer:
mamaluj [8]3 years ago
5 0
The best answer choice is D. 
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Turbo Technology Corp. recently went public with an initial public offering of 3.03 million shares of stock. The underwriter use
Leokris [45]

Answer:

$8.23 per share

Explanation:

Total funds received by Turbo = (3.03 million shares x $ 7.65 per share) - $230,000

= $23,179,500 - $230,000 = $22,949,500

Gross Proceeds = Net Proceeds + Underwriter's Spread  

Gross Proceeds = (Gross Proceeds * 0.07) + $7.65 per share

(Gross Proceeds – 0.07 Gross Proceeds) = $7.65 per share

Factorize gross proceeds mathematically to get

Gross Proceeds (1-0.07) = $7.65 per share

Gross Proceeds (0.93) = $7.65 per share

Gross Proceeds = \frac{7.65}{0.93}

Gross Proceeds = $8.23 per share

7 0
3 years ago
A manufacturing department has 50,000 EUP for units completed and transferred out and 4,500 EUP for units in ending inventory. M
ludmilkaskok [199]

Answer:

Value of closing inventory = $ 28,125.00

Explanation:

To value inventory, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units(EUP)  for each of the cost element.

So the value of the closing inventory, is determined as follows:

Value of inventory = cost per E.U.P × number of E.U.P

Material = $2.50 × 4,500 = 11,250.00

Labour and overhead= $3.75 × 4,500 =  16,875.00

Total amount of work in progress

= 11,250 + 16, 875

= $ 28,125.00

6 0
4 years ago
44. What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%?
snow_tiger [21]

Answer:

$5,000

Explanation:

A perpetuity pays $250 every year

The appropriate interest rate is 5%

= 5/100

= 0.05

Therefore the present value of the perpetuity can be calculated as follows

= 250/0.05

= $5,000

Hence the present value of the perpetuity is $5,000

7 0
3 years ago
The cost at which a company records purchases of machinery and equipment should include which of the following?
Tasya [4]

The cost at which a company records purchases of machinery and equipment should include all the under listed:

  • Operating costs
  • Purchase price
  • Installation.
  • Shipping fees
  • Taxes

<h3>What is acquisition cost?</h3>

Acquisition cost refers to all the cost associated with the purchase of an asset.  When calculating how a company records purchases of machinery and equipment, it should be the all inclusive cost of the equipment.

The cost acquisition cost should include :

  • All transportation cost
  • Installation cost
  • Site preparation
  • Sales or other taxes and testing costs prior to placing the equipment into production.

Learn more about acquisition cost here : brainly.com/question/25899244

7 0
3 years ago
In the 1920s, the ford motor company dominated the automotive industry. henry ford's low-priced, mass-produced model t, availabl
garri49 [273]
I had to look for the given options and here is my answer:
The word that best completes the blank provided is the term DIFFERENTIATION STRATEGY. Based on the given scenario above, we can say that the employed differentiation strategy, this is the strategy that you separate your services, products, and your company, and you presume that each should have its own actions that can meet the clients' preferences or standards.
5 0
3 years ago
Read 2 more answers
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