Savings: 35 <span>$
now she has: 35 - 7 = 28 </span><span>$
35 -> 100 %
28 -> x%
35 * x = 28 * 100
35x = 2800
x = 2800 / 35
x = 80
her current savings </span>equals 80% of her <span>previous balance.</span>
During the cooling off period, underwriters would be allowed to do all of the aforementioned except: b) advertise the issue.
<h3>Who is an
underwriter?</h3>
An underwriter can be defined as an individual or business firm that is saddled with the responsibility of evaluating and assuming another party's financial risk for an agreed amount of money (fee), which is often paid as a spread, commission, interest, or premium.
This ultimately implies that, an underwriter helps a lender (financial institution) in determining the level of risk associated with an issue.
As a general rule, underwriters would be allowed to do all of the following during the cooling off period:
- Take indications of interest.
- Distribute a preliminary prospectus.
In this context, we can reasonably infer and logically deduce that during the cooling off period, underwriters would only be allowed to do all of the aforementioned except distribute sale or advertise the issue.
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Answer:
The purpose of researching a market is to figure out how you can best attract those who are likely to buy your company's products or services.
Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
Answer:
a. the ease with which an asset is converted to the medium of exchange
Explanation:
Liquidity measures how quick an asset can be converted to cash.
Money, cash is the most liquid asset. This is why it can be easily used as a medium of exchange.
Real estate is considered illiquid because it cannot be easily converted to cash.
Stocks are relatively liquid because they can be quite easily converted to cash.
Velocity measures how many times a dollar circulates in a given year.
Money can be used to measure the intrinsic value of a commodity.