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
Georgia [21]
3 years ago
10

Idle Time Gaming, Inc., has reached the point where it needs several million dollars in order to expand and follow its strategic

plan. In negotiations with the investment banker, they agree to issue 40 million shares of common stock, at $22/share. If the investment banker's fee for underwriting the total sale is 6.82%, what is the discounted price that the investment bank is willing to pay Idle Time for the shares
Business
1 answer:
laila [671]3 years ago
7 0

Answer:

The bank is wiling to pay "approximately $820,000,000".

Explanation:

As we know,

Earnings from selling of $22/start sharing $40 million shareholdings:

⇒ 40,000,000\times 22

⇒ $880,000,000

Fee of banker at 6.82% will be:

⇒ 880,000,000\times  0.0682

⇒ $60,016,000

Idle investment company willingness to spend on time will be:

⇒ 880,000,000-60,016,000

⇒ $819,984,000

So that the bank is willing to pay "approximately $820,000,000".

You might be interested in
In the​ swim-lane format of a business process​ model, all​ _______ for a role are included in that​ role's swim-lane.
boyakko [2]
<span>In the​ swim-lane format of a business process​ model, all​ activities for a role are included in that​ role's swim-lane.

The swim lane is used to show flow diagrams or charts that list out the responsibilities of a business and its employees. These lanes can be arranged horizontally or vertically. Think of them as lap swim lanes in a pool, that helps keep the business roles in line. </span>
8 0
2 years ago
When making contingency estimates, the contractor should Select one: a. estimate the amount to mitigate high impact and probable
coldgirl [10]

Answer:

a. estimate the amount to mitigate high impact and probable issues.

Explanation:

In project management, a contractor can be defined as an individual or organization that temporarily undertakes a project in order to create a unique result, product, and service.

A contingency is an amount of money which is added to the initial or standard cost estimate so as to cover risk exposure and any uncertainty.

When making contingency estimates, the contractor should estimate the amount to mitigate high impact and probable issues.

As a result of uncertainties that are peculiar to everything in life, most especially projects undertaken, it is very important and necessary that the contractor should set aside an amount of money to mitigate or lessen any high impact such as dwindling prices, miscellaneous, faults, repairs and other probable issues that may arise in the process of execution.

6 0
2 years ago
Blue Spruce University sells 6,800 season basketball tickets at $45 each for its 10-game home schedule. Prepare a tabular summar
JulsSmile [24]

Answer: Blue spruce university Basketball games

Explanation: The Sale of Season tickets = $45 *10= $450

while the total revenue accrued after the first game=6800*450=$3,060,000

4 0
2 years ago
ESD wants to determine the best order size for 2x4x6 pressure treated pine lumber required for making custom cabinets. ESD's est
Vedmedyk [2.9K]

Answer:

the economic order quantity is 845 units

Explanation:

The computation of the economic order quantity is shown below;

As we know that

Economic order quantity is

= √2 × √annual demand × √ordering cost ÷ √carrying cost

= (√2 × √6750 × √$225) ÷ (√4.25)

= √3,037,500 ÷ √4.25

= √7,14,705.88

= 845 units

Hence, the economic order quantity is 845 units

6 0
2 years ago
When a golfing club manager says, "I am concerned that our club members will find that the low center of gravity in the Taylor c
Sav [38]

The Taylor salesperson is using the referral method to deal with objections.

A referral is a way of dealing with objections in which the speaker refers to a previous experience to object to what another person has told him about a topic.

In the case presented, the manager of the golf club was expressing his concern about the opinion of golfers about Taylor clubs that had a special characteristic on their center of gravity.

To counter this argument, the seller refers to a real case of a buyer who was left with very good impressions of the Taylor stick.

Learn more in: brainly.com/question/1342578

7 0
2 years ago
Other questions:
  • Hofstede studied how culture influences consumer behavior. When a Japanese company decides that it will be willing to lose money
    11·1 answer
  • Happy Monkey Manufacturing currently has 20,000 shares of common stock outstanding. Its management believes that its current sto
    7·1 answer
  • After the civil war the supreme court tended to view economic regulation as something that
    9·1 answer
  • SpeakEasy, a U.S. software company that specializes in voice-recognition software, wishes to rapidly enter the growing technical
    6·1 answer
  • If the Canadian dollar is strengthening, then:
    10·1 answer
  • The following materials standards have been established for a particular product:
    7·1 answer
  • Sherry, a 12-year-old, visited a website that wanted to know her family size, her parents' educational level, and her weekly all
    12·1 answer
  • Human Resources Manager, Claire must inform Anthony that company job changes will require him to seek retraining or lose his pos
    13·1 answer
  • 18. The following gifts are received in 2016 by a not-for-profit entity: I. $2,000 specified by the donor to be used to pay sala
    8·1 answer
  • Question number 6 I need help
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!