During the direst part of the Great Depression, approximately ______ percent of the nation's workers was unemployed.

Cross Country Movers has just gone public. Under a firm commitment agreement, the firm received $19.84 for each of the 2.12 mill

nikitadnepr [17]

Answer:

= $11,670,200/ $41,329,800 x 100 = 28.24%

Explanation:

The question is to compute the flotation cost of the funds raised by Cross Country Movers after going public. Furthermore, it should be presented as a percentage.

The formula therefore, is = Total Direct Costs / Net Amount raised x 100

Step 1: Total Direct Costs

= Direct Costs (legal and others) + Indirect costs + (Initial Offering Price - the amount received for each share x total shares sold) + (Price rise in stock per share - the initial offering price per share x total shares sold)

= $626,000 + $105,000 + 9,667,200‬+ 1,272,000‬ = $11,670,200

Step 2: Net Amount Raised

= Amount recieved per share x total shares - Direct and indirect costs

= $19.84 x 2,120,000 shares - $626,000 + $105,000

= 42,060,800‬- 731,000‬ = $41,329,800

Step 3: Floatation Cost in Percentage

= $11,670,200/ $41,329,800 x 100 = 28.24%

4 0

3 years ago

The principal of the time value of money is probably the single most important concept in financial management. One of the most

morpeh [17]

Answer:

B. The trend between the present and future values of an investment

6 0

3 years ago

Whenever he travels to Denver for business meetings, Calvin notices that he gets bad headaches that don't go away until he retur

nika2105 [10]

Answer:

Medical

Explanation:

Calvin experiences headaches whenever he is away from Toronto to Denver for business meetings which stops whenever he comes back to Toronto.

He assumes it's the travel related stress but doesn't take other factors into consideration such as change in atmospheric pressure and elevation change.

His medical conclusion about the headaches is incorrect because it was not caused by travel related stress but by other factors like major differences in the geography of the two states.

6 0

3 years ago

What is the primary goal of financial management for a sole proprietorship?

Evgesh-ka [11]

Answer: we will first add the options.

A. Maximize the market value of the equity.

B. Maximize net income given the current resources of the firm.

C. Minimize the tax impact on the proprietor.

D. Decrease long-term debt to reduce the risk to the owner.

E. Minimize the reliance on fixed costs.

The correct option is A. Maximize the market value of the equity.

Explanation: A sole proprietorship is generally owned by an individual. Therefore there is a usually a limitation to how much funds that can be invested in the business.

What this means is that this form of business is very simple and restrictive with regards to equity financing. In other words, equity financing is usually limited to the amount of funds that the sole proprietor is willing to invest in the business.

This is where good financial management comes in, this is to ensure that the invested equity bears fruit, and achieves high market value in order to yield revenue.

Lack of proper management and the invested equity will be squandered.

6 0

3 years ago

This is nearly double the proposed US contribution to which of the following?

Lilit [14]

Answer: C . Paris Agreement

Explanation:

You included no background passage or additional details to the question for me to know what contribution you speak of but the above is most probably the answer.

The U.S. never ratified the Kyoto Protocol so I don't think they had contribution requirements. The London Accords produces research for financial investors so has little to do with the U.S. as a whole.

The Geneva Convention is simply an agreement on conduct during wars so this does not require contributions. This leaves the Paris Agreement ... on Climate Change which has set targets on the emissions to be cut by developed countries so it is most likely the answer.

4 0

3 years ago