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
KIM [24]
3 years ago
12

The Whistling Straits Corporation needs to raise $74 million to finance its expansion into new markets. The company will sell ne

w shares of equity via a general cash offering to raise the needed funds. The offer price is $45 per share and the company's underwriters charge a spread of 6 percent. If the SEC filing fee and associated administrative expenses of the offering are $825,000, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g., 1,234,567.)
Business
1 answer:
TEA [102]3 years ago
4 0

Answer:

1,768,913 new stocks

Explanation:

the company needs to raise amount needed to finance expansion plus SEC's filing and administrative fees = $74,000,000 + $825,000 = $74,825,000

net amount received per stock issued = stock price x (1 - underwriting fee) = $45 x (1 - 6%) = $42.30 per stock

the company needs to issue = $74,825,000 / $42.30 per stock = 1,768,912.53 = 1,768,913 new stocks

You might be interested in
Although a consumer may be happy with your company’s product/service, they will not hesitate to switch if another company provid
vesna_86 [32]

Answer:

delight

Explanation:

Consumer satisfaction refers to the level of happiness that a customer derives from the consumption or use of any product or service. The information related to the customer satisfaction is derived from the surveys and ratings. These information helps in the betterment and improvement of the product and services.  

Delighting the customer is a very important part of marketing. This helps in maintaining the customer relation.

4 0
3 years ago
A righteous moralist claims that a while operating in a host country, a multinational company should follow the ethical standard
forsale [732]
Answer is b. false indeed
5 0
3 years ago
A description of the future one envisions for a business, including what one plans to do and how one plans to do it, is called _
Arturiano [62]

Answer:

planning ( b )

Explanation:

planning for a business involves all the components of a business idea and how to carryout such business idea in the open market in other to be successful and profitable.

hence the description of the future one envisions for a business and what one plans  to do and how to do them is embodied in the planning stage of the business. while the Brainstorming session/stage of the business cycle deals with finding solutions to already existing challenges. also surveying is used to measure what kind of business one should be involved with.

4 0
3 years ago
Pharmaceutical Dispensary borrowed $ 630 comma 000 on January​ 2, 2018​, by issuing a 15 % serial bond payable that must be paid
OLga [1]

$273 ,000 being the equal  installments for  all the three years

Explanation:

I year interest  = $ 630,000 ×15÷100 = 94,500

I year interest  = $ 630,000 ×15÷100 = 94,500

II year interest = $420,000×15÷100 =  63,000

II year interest = $420,000×15÷100 =  63,000

III year interest = $210 ,000×15÷100 =  31,500

III year interest = $210 ,000×15÷100 =  31,500

Total interest = 94,500+63,000+31,500 = 189.000

Total interest = 94,500+63,000+31,500 = 189.000

Installments payment with interest for each year is=

(630,000 + 189,000 = 819,000÷ 3 = 273,000)

(630,000 + 189,000 = 819,000÷ 3 = 273,000)

  = $273 ,000 being the equal  installments for  all the three years

6 0
3 years ago
Under U.S. GAAP, cash flows from investing activities do not include:a. cash payments to acquire equipment.b. cash received from
Semenov [28]

Answer:

The correct answer is letter "C": investment revenue in cash.

Explanation:

Cash flows from investing activities are portrayed in the Cash Flow Statement indicating the amount o cash that was generated or spent from investment-related activities of the company. Usually, <em>cash payments to acquire physical assets, receipts from the sale of intangible assets, cash payments or receipts for the sale of bonds or shares of other companies, </em>and <em>cash payments in the form of loans</em> are considered in the cash flows from investing activities.

<em>According to the U.S. Generally Accepted Accounting Principles (GAAP), investment revenue in cash is reported as an inflow from operating activities.</em>

6 0
3 years ago
Other questions:
  • Ersatz kreme will sell its filling to hunky donuts only if hunky donuts agrees not to buy filling from other suppliers. this is
    6·1 answer
  • A bond with a $1,000 face value and an 8 percent annual coupon pays interest semiannually. The bond will mature in 15 years. The
    6·1 answer
  • Suppose that a business incurred implicit costs of $200,000 and explicit costs of $1 million in a specific year. If the firm sol
    15·1 answer
  • 1)A checking account is sometimes also called a:
    9·1 answer
  • Barker Company paid cash to purchase two identical inventory items. The first purchase cost $18.00 cash and the second cost $20.
    7·1 answer
  • Which of the following is not descriptive of external environmental scanning? used as a tool for corporations to avoid strategic
    7·1 answer
  • Some americans argue that _____ should be used to keep domestic wages high and unemployment low.
    5·1 answer
  • swenson Saws produces bows, frame, dovetail, and tenon saws used by craft furniture makers. During an 8-hour shift, a saw is pro
    6·2 answers
  • England and Scotland both produce scones and sweaters. Suppose that an English worker can produce 50 scones per hour or 1 sweate
    14·1 answer
  • On May 7, Jernigan Company purchased on account 510 units of raw materials at $18 per unit. During May, raw materials were requi
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!