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2 years ago

The financial statement that shows revenue and expenses for a period of time is the

Business

1 answer:

Elena-2011 [213]2 years ago

7 0

Answer:

balance sheet is the answer of that question answer

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Global Traders is offering 130,000 shares of stock to the public in a general cash offer. The offer price is $38 a share and the

Stella [2.4K]

Answer:

correct option is b. $3,679,800

Explanation:

given data

offering = 130,000 shares

offer price = $38

underwriter spread = 8 percent

administrative costs = $865,000

solution

we get here Net proceeds from sale that is express as

Net proceeds = Gross proceeds - Underwriter's spread - Administrative costs ....................1

here Gross proceeds from sale is = offering share × offer price

Gross proceeds from sale is = 130000 × $38

Gross proceeds from sale is = $49,40,000

and Underwriter's spread will be offering share × offer price × underwriter spread %

Underwriter's spread = $49,40,000 × 8%

Underwriter's spread = $3,95,200

so Net proceeds will be

Net proceeds = $49,40,000 - $3,95,200 - $865,000

Net proceeds = $3,679,800

so correct option is b. $3,679,800

7 0

3 years ago

Silver Co. has a $330 petty cash fund. At the end of the first month the accumulated receipts represent $56 for delivery expense

xxTIMURxx [149]

Answer and Explanation:

The journal entry is shown below:

Delivery expenses Dr $56

Merchandise inventory Dr $179

Miscellaneous expenses $25

To Cash $260

(Being the reimbursement of the account is recorded)

For recording this we debited all expenses and credited the cash as it increased the expenses and decreased the assets

3 0

2 years ago

Imagine that two goods are available to you: apples (X) and pears (Y). You like apples half as much as pears. If your fruit budg

goldenfox [79]

Answer:

the value of the MktRS (market rate of substitution) is 0

Explanation:

The computation of the market rate of substitution is shown below:

Since it is mentioned that

You like apples half as pears

So the equation would be

X = 1 ÷ 2 Y

X ÷ Y = 1 ÷ 2

Now the market rate of substitution of the price is

= $2 ÷ $4

= 1 ÷ 2

So,

= 1 ÷ 2 - 1 ÷ 2

= 0

Hence, the value of the MktRS (market rate of substitution) is 0

The same is to be considered

3 0

2 years ago

Which of the following is not possible when recording a transaction?A. Liabilities increase and assets decrease.B. Stockholders'

Basile [38]

Answer:

Liabilities increase and assets decrease.

Hope this helps!

3 0

2 years ago

A wool suit, discounted by 60 % for a clearance sale, has a price tag of $ 620. What was the suit's original price?

never [62]

Answer:

$1,550

Explanation:

Given that

Price tag = $620

Discount percentage = 60%

By taking the information,

The computation of the suit original price equal to

= Price tag ÷ (1 - discount percentage)

= $620 ÷ (1 - 0.60)

= $620 ÷ 0.40

= $1,550

Therefore, the suit original price is $1,550 after considering the discount percentage and the price tag.

6 0

2 years ago