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
zepelin [54]
3 years ago
9

15.2 Calculating Flotation Costs: The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley received $

21.39 for each of the 7.75 million shares sold. The initial offering price was $23 per share, and the stock rose to $26.30 per share in the first few minutes of trading. Wiley paid $1,350,000 in legal and other direct costs and $210,000 in indirect costs. What was the flotation cost as a percentage of funds raised
Business
1 answer:
Marina CMI [18]3 years ago
4 0

Answer:

23.16%

Explanation:

net amount of money received by Wliey Oakley = 7,750,000 stocks x $21.39 per stock = $165,772,500

total flotation costs including direct and indirect costs = [($26.30 - $21.39) x 7,500,000] + $1,350,000 + $210,000 = $38,385,000

flotation costs as a percentage of funds raised = $38,385,000 / $165,772,500 = 0.2316 = 23.16%

You might be interested in
On what moral basis is a permissive stance toward individual-willed choices and the acceptance of market transaction held to be
kati45 [8]

On what moral basis is a permissive stance toward individual-willed choices and the acceptance of market transactions held to be morally justifiable as an individual's right to privacy and autonomy.

Market Transaction manner a transaction for one or extra products, entered into on a buying and selling Platform or suggested to the marketplace Operator beneath the market running policies.

An open market transaction, for instance, is one where an enterprise insider, that means someone near the operations of that entity, buys or sells stocks of inventory in the organization. other marketplace transactions might follow to promote fairness or debt inside the capital markets or complete a merger or acquisition.

Open marketplace transactions arise while “insiders” purchase or promote shares in their corporation. Insiders, a term frequently used to describe directors or senior officers, personal a big part of an employer's stocks and therefore have a keen hobby in buying or selling shares while lucrative opportunities rise up.

Learn  more about market transactions here brainly.com/question/8017256

#SPJ4

6 0
1 year ago
What are the two facets of a mode of production according to E.K. Hunt? Define them.
pentagon [3]

Answer:

They are forces of production and social relations of production.

Explanation:

In Marxism and historical materialism the forces of production are a central idea. In the own critique of political economy by Karl Marx and Frederick Engels, it refers to the combination of the means of labor with human labor power.

forces of production is a term used in political economy that refers to the physical means and production techniques to which laborers add value and transform capital into saleable products.

By " relations of production," Marx and Engels meant the total sum of social relationships that people have to enter to survive, produce, and reproduce their means of living...relations can be social ties, economic relationships, or technological relationships.

3 0
3 years ago
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of
bazaltina [42]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The West business segment had sales revenues of $1,090,000, variable expenses of $552,000.

The contribution margin is calculated deducting form sales the total variable expenses:

Contribution margin= 1,090,000 - 552,000= $538,000

3 0
3 years ago
The income statement of Whitlock Company is presented here.
bazaltina [42]

Answer:

$1,146,800

Explanation:

Preparation for the operating activities section of the statement of cash flows for the year ended November 30, 2020

WHITLOCK COMPANY

Partial Statement of Cash FlowsFor the Year Ended November 30, 2020

Cash flows from operating activities

Net income $1,366,800

Adjustments to reconcile net income to net cash provided by operating activities..

Activities

Depreciation expense $70,000

Decrease in inventory $500,000

Decrease in accrued expenses payable ($100,000)

Increase in prepaid expenses ($150,000)

Increase in accounts receivable ($200,000)

Decrease in accounts payable($340,000)($220,000)

Net cash provided by operatingActivities $1,146,800

($1,366,800-$220,000)

Therefore the operating activities section of the statement of cash flows for the year ended November 30, 2020 is $1,146,800

3 0
3 years ago
Jus de Fruit Co. has set up for automated production of its new bottled Triple Berry Colada. Six samples were taken during the f
Sauron [17]

The X bar chart will allow the team to monitor the central tendency of the process although the process will not be in control.

<h3>What is the X bar chart?</h3>

This refers to a Shewhart control chart that are used to monitor the arithmetic means of successive samples of constant size.

Hence, the X bar chart will allow the OM team to monitor the central tendency of the process although the process will not be in control.

Therefore, the Option B is correct.

Read more about X bar chart

<em>brainly.com/question/13872681</em>

#SPJ1

4 0
1 year ago
Other questions:
  • The millions of workers leaving the job market for the reasons given are A. not counted as unemployed in the BLS data because th
    9·1 answer
  • Everyday low pricing means ______ pricing
    7·1 answer
  • An investor purchasing a British consol is entitled to receive annual payments from the British government forever. What is the
    13·1 answer
  • Bob is unemployed because his skills have become obsolete due to technological advances. this is ____ unemployment.
    9·1 answer
  • Reasons for the formation of partnership
    7·1 answer
  • A credit card allows _____.
    13·2 answers
  • Johnson borrowed $45,000 secured by land with a basis of $20,000. Johnson could not pay the principal, so the bank foreclosed an
    6·1 answer
  • Runners Feet, a shoe store, orders one hundred pair of athletic shoes from Speedster Inc. Absent a contrary agreement between th
    12·1 answer
  • Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?
    14·1 answer
  • Using Examples from developing countries explain the term unemployment and discuss five ways of addressing unemployment problem
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!