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Marrrta [24]
3 years ago
9

g An investment bank agrees to underwrite an issue of 5 million shares of stock for Longard Corp. (1). If the investment bank un

derwrites the stock on a firm commitment basis, it agrees to pay $15 per share to Longard Corp. for the 5 million shares of stock. It can then sell those shares to the public for $20 per share. How much money does Longard Corp. receive
Business
1 answer:
Genrish500 [490]3 years ago
6 0

Answer:

Longard Corp.

The money that Longard Corp. receives is:

= $75 million.

Explanation:

a) Data and Calculations:

Number of shares issued = 5 million

Investment bank underwriter pays per share to Longard Corp = $15

Stock price to the public = $20 per share

Total amount received from the underwriter = $75 million ($15 * 5 million)

b) The calculations show that the investment bank will eventually receive $100 million ($20 * 5 million) from the public offer.  It then charges $5 per share (representing a total underwriting fee of $25 million).  This is why it remits only $75 million to Longard Corp.

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<span>Answer: On average, hotel guests who take elevators weigh about 150 lbs with a standard deviation of about 35 lbs. An engineer is designing a large elevator for a convention hotel, to lift 50 such people.</span>
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2 years ago
Provide an example of how an international company (such as Unilever or Mondelez International) changes its distribution channel
mezya [45]

Answer:

The examples of the given circumstances are provided below.

Explanation:

<u>Interpretations of how the international corporation (including such Unilever) was indeed changing the distribution platform</u>:

  • Unilever transforms this same distribution network to potential consumers as well as ensures immediate access includes a multitude of shareholder but instead everyday items.
  • The corporation has a more adaptable distribution network which virtually guarantees direct services to consumers worldwide thru all the different retailers, shopping centers as well as other chain stores.

<u>Interpretations of how and why the International Corporation is changing targeted advertising</u>:

  • Unilever Advertisements have been created on the basis of the cultural values including its Country-Advertising Notifications besides Unilever impacts negatively on either the values of the people throughout order to determine if the project is uniquely equipped to address the requirements of the cultural identity as well as to raise the effectiveness of purchases.
5 0
3 years ago
What activity is part of personal financial planning?
AfilCa [17]

A) Setting multiple budgets

3 0
3 years ago
Tonto Company purchased property for $140,000. The property included a building, equipment and land. The building was appraised
kirill [66]
<h3>Amount of cost to the building is $69,645 </h3>

Explanation:

The total property value of Tonto Company = $140,000.

The total property (building, equipment and land) value of Tonto Company = $140,000.

The building was appraised at $98,000,  

The land was appraised at $63,000  

The equipment was appraised at $36,000.

  • The total current value of the 3 assets = $98,000 + $63,000 + $36,000
  • The total current value of the 3 assets = $197,000.
  • Amount of cost to the building = ($98,000 x $140,000) / $197,000.
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Amount of cost to the building = $69,645

6 0
3 years ago
In November, one of the processing departments at Goodsell Corporation had beginning work in process inventory of $36,000 and en
o-na [289]

Answer:

c) $463,000

Explanation:

<u> Goodsell Corporation </u>

<u>FIFO Method </u>

<u></u>

Current Costs

Costs Added                  $ 427,000

<u>Add Beginning Work in Process Inventory  $36,000</u>

<u>Total Current Cost                                      $ 463,000</u>

Cost Transferred Out                   $ 428,000

<u> Add Ending Work in Process Inventory  $35,000</u>

<u>Total Current Cost                                      $ 463,000</u>

FIFO assigns the current period costs to the inventories. Current period costs are obtained by adding the costs transferred out and ending inventories costs  or beginning costs and costs added.

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2 years ago
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