Answer:
this is an amount of payment in which an amount of money or credit is directly transfered to another account
Answer:
<u>Hence $21,700,000 shares are to be sold to raise the needed funds.</u>
Explanation:
Per-share offer price of company = $60, which includes company's underwriter spread of 5%
So, actual realization to company on $60 per share = (1 - 0.95) * 60
Actual realization to company on $60 per share = $ 3
To raise $64 million company also needs to cover administrative expenses of $1.2 million
So,
Total number of shares sold(in million) = (64 + 1.2)/3
Total number of shares sold = 21,700,000 shares
Answer:
Sales promotion is a marketing strategy where the product is promoted using short-term attractive initiatives to stimulate its demand and increase its sales.
This strategy is usually brought to use in the following cases
to introduce new products,
sell out existing inventories,
attract more customers, and
to lift sales temporarily.
Answer:
I will review the bank reconciliation statement against the bank statements (both past and subsequent statements) received from Brigham National Bank and the internal records maintained by the company. The review may yield the result that there are no issues or otherwise. With this review, the confirmation received from Brigham National Bank will be verified as correct or not.
Explanation:
Auditor's review of some information will collaborate some third party evidence as either correct or misleading. Since it is being suspected that the confirmation from Brigham National Bank, because of its form, could be forged, it is then necessary to gain additional evidence by reviewing other supporting evidence.
Answer:
When the company gets cash from a bank loan,
Cash Debits
Bank Loan Account Credits
what happens is that the Assets increase and the Liabilities also increase.
Explanation:
