All categories

3 years ago

In which market does a company's initial public offering (IPO) occur?

Business

1 answer:

kirza4 [7]3 years ago

7 0

Answer:

A primary

Explanation:

The operations of the capital markets are categorized into primary and secondary markets. The primary market is where enterprises sell new bonds and equity to the public for the first time. A good example is the initial public offering (IPO). An IPO is a process of issuing out new shares of a corporation to the public for the first time.

The primary market is for new shares, bonds, and other money market securities issued for sale for the first time.

You might be interested in

Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 91,000 shares of $5 par common stock. Dur

Dima020 [189]

Answer:

The total shareholders' equity at the end of 2021 is $465,830

Explanation:

Treasury stock = Shares purchased * Purchase price

Treasury stock = 3,100 shares $12.10 per share

Treasury stock = $37,510

Shareholder′ s equity = Equity capital + Net income - Dividend - Treasury stock

Shareholder′ s equity = $266,320 + $107,000 + $55,000 + $37,510

Shareholder′ s equity = $465,830

Working

Equity capital = (Shares issued × Issue Price) + (Shares issued * Issue price)

Equity capital = (9,600 * $6.70) + (20,000 * $10.10)

Equity capital = $64,320 + $202,000

Equity capital = $266,320

7 0

3 years ago

On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the

slamgirl [31]

Answer:

Balance as per cash book $ 8,445

Adjustments to be recorded in cash book

Less: Bank Service Fees $ ( 310)

Add: Note receivable $ 6,600

Add: Interest earned $ 1,120

Adjusted cash balance $ 15,855

Balance as per bank statement $ 12,895

Add: Deposits in transit ( $ 74,640 - $ 71,375) $ 3,265

Less: Unpresented cheques ( $ 72515- 71270) $ (1,245)

Add: Correction of error $ 940

Adjusted bank balance $ 15,855

Explanation:

For cash book, the adjustments that have to be recorded are the bank service fees, collection of notes and interest.

For bank statements, the adjustments that have to be recorded are the deposits in transits ( collections not deposited). unpresented cheques ( cheques issued but not presented) and the correction of the wrong entry.

3 0

3 years ago

When you arrive for your job interview, the interviewer greets you with a warm handshake and a smile. While you speak, he smiles

denis23 [38]

Answer:

b. He is actively engaged in your interview.

Explanation:

In most cultures, smiling implies friendliness. In the United States, nodding and maintaining consistent eye contact show interest and engagement in a conversation and respect for the speaker. By combining these three nonverbal behaviors, the interviewer is expressing active, positive interest in your interview.

7 0

2 years ago

The manufacturing overhead budget at Cutchin Corporation is based on budgeted direct labor-hours. The direct labor budget indica

Setler [38]

Answer:

$59,080

Explanation:

The calculation of September cash disbursements is shown below:-

September cash disbursement = Company's budgeted fixed manufacturing overhead - Depreciation + Variable manufacturing overhead

= $43,120 - $3,640 + $7.00 × 2,800

= $43,120 - $3,640 + $19,600

= $62,720 - $3,640

= $59,080

Therefore for computing the September cash disbursement we simply applied the above formula.

4 0

2 years ago

Justin is the CEO of Nexon Inc. He works in an open office and encourages his employees to approach his desk any time of day. Ju

nikitadnepr [17]

Answer:

The answer is: Democratic management style

Explanation:

This management style is based on the belief that two heads are better than one, and that every employee (no matter position they hold) deserves to have a say.

So managers that follow this style usually encourage their employees to participate and share their ideas and suggestions. They tend to create horizontal organizations, but the final and last decision still belongs to the boss.

Employees usually like this system because they feel they are a valuable and important part of the organization. Many times it leads to higher efficiency and productivity.

As a downside, these organizations tend be more messy (informal) and decision making processes are very time consuming.

5 0

3 years ago