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aalyn [17]
3 years ago
9

In a "firm commitment," the investment banker a. Buys the stock from the company and resells the issue to the public. b. Agrees

to help the firm sell the stock at a favorable price. c. Finds the best marketing arrangement for the investment-banking firm. d. Agrees to help the firm sell the stock at a favorable price and finds the best marketing arrangement for the investment-banking firm.
Business
1 answer:
madam [21]3 years ago
3 0

Answer:

The correct answer is letter "A": Buys the stock from the company and resells the issue to the public.

Explanation:

A "Firm Commitment" or "Bought Deal" is an agreement by which an underwriter assumes all responsibilities for the purchase of securities in an Initial Public Offering (IPO). The underwriter becomes the dealer of those securities and is fully responsible if some securities remain unsold.

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The vital function of _____ involves transforming data into useful information for decision makers.
Kipish [7]
The answer is : information technology department

to fulfill its duty, information technology deportment usually develop a system for transforming the data that they acquired into useful informations regarding company's financial condition, product marketing, future projection , etc, which will be used by those in executive positions



4 0
4 years ago
Jiminy’s Cricket Farm issued a 20-year, 7 percent semiannual coupon bond 4 years ago. The bond currently sells for 104 percent o
Lesechka [4]

Answer:

6.64%

Explanation:

The pretax cost of debt is the Yield to Maturity (YTM). Since the coupons are paid semiannually, adjust the duration and the coupon payment amount to semi-annual terms.

You can solve for the YTM using a financial calculator with the following inputs;

Maturity of the bond; N = 20*2 = 40

Face value ; FV = 1000

Semi-annual coupon payment ; PMT = (7%/2)*1000 = 35

Current price of the bond; PV = -1.04*1000 = -1040

Then compute the semiannual interest rate ; CPT I/Y =  3.318%

Therefore, pretax cost of debt; YTM = 3.318 *2 = 6.64%

3 0
3 years ago
The long run aggregate supply curve shifts to the right given that
ELEN [110]

Answer:

there is a rise in the quantity of capital.

Explanation:

Aggregate supply describes the total supply of products and services produced in an economy at all prices per period. The aggregate supply curve, shortened to AS, shows the relationship between total supply from producers and different price levels.

A shift in the supply curve communicates a change in the quantity of supply. The Aggregate supply curve shift to the right when there is an increase in output. In other words, when output from producers increases, the aggregate supply curve shifts to the right. Output or productivity increases when the price of key inputs falls,  lower labor costs, or increased efficiency.

6 0
3 years ago
Using the data below, determine the ending inventory amount assuming the weighted average method under a periodic inventory syst
Lelechka [254]
The ending inventory amount is b. $1,200
5 0
3 years ago
Waterway Company on July 15 sells merchandise on account to Carla Vista Co. for $4600, terms 3/10, n/30. On July 20 Carla Vista
Marianna [84]

Answer:

The amount of cash received is $2,910

Explanation:

Terms of 3/10, n/30 means there is a discount of 3% is available on payment of due amount within discount period of 10 days after sale with net credit period of 30 days.

As per given data

Sale = $4,600

Sales return = $1,600

Receivable = $4,600 - $1,600 = $3,000

As the payment is made within discount period, so discount will be availed on the amount due

Discount = $3,000 x 3% = $90

Payment by Customer = $3,000 - $90 = $2,910

4 0
3 years ago
Read 2 more answers
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