Answer:
The answer is. initial Public Offering (IPO)
Explanation:
If a firm(like JLK) wants to trade its shares to the public for the first term, it will do so in a process known as Initial Public Offering (IPO).
This process will enable JLK or any other firm to raise capital from the company for the first time. Also, JLK partnership is a private company, this process will make the firm a public company.
Answer:
revenue bonds
Explanation:
A revenue bond is a Municipal bond used to fund projects that yield income and are secured through a particular source of revenue.
Characteristics of revenue bond.
1. It takes long time to maturity.
2. It yields more returns than the general obligation bond.
The purpose of a revenue bond is so that government can finance projects that generates income such as toll roads, airports, seaports, electricity projects, water projects etc.
Answer:
A) The account receivables turnover is 15, and B) the number of days sales in receivables is 24.3 days.
Explanation:
A) FORMULA FOR ACCOUNT RECEIVABLES TURNOVER =
NET SALES / AVERAGE ACCOUNT RECEIVABLES
Given information -
Net sales = $1500,000
Average account receivables = $100,000
Putting the values in formula -
= $1500,000 / $100,000
= 15
B) FORMULA FOR NUMBER OF DAYS SALES IN RECEIVABLES =
365 / ACCOUNT RECEIVABLES TURNOVER
= 365 / 15
= 24.3 DAYS
Answer:
B) False
Explanation:
The storming stage is the second stage of team development. At this stage, the group members should start gaining each other's trust. They are generally more willing to open up and express their views and opinions. Sometimes conflicts can result from different members' opinions, and power struggle occur within the team.
