underwriting and flotation expenses the beranek company, whose stock price is now $20, needs to raise $23 million in common stock. underwriters have informed the firm's management that they must price the new issue to the public at $17 per share because of signaling effects. the underwriters' compensation will be 4% of the issue price, so beranek will net $16.32 per share. the firm will also incur expenses in the amount of $180,000. how many shares must the firm sell to net $23 million after underwriting and flotation expenses? do not round intermediate calculations. round your answer to the nearest whole number.
Answers
The number of shares that the firm must sell to net $23 million after underwriting and flotation expenses equals 1,420,343.14 shares.
What is a Flotation Costs?This refers to the costs that include all fees and expenses associated with a new share issue. These costing include filing, administrative, legal and underwriting fees. Normally, the underwriting fees is usually the largest chunk of all expenses and averaged about 3 - 7% depending on the issue size.
The company needs to raise $23,000,000 + $180,000 = $23,180,000 to cover its expenses and still have $23 million left.
For every share sold the company will receive $16.32. Therefore, the Shares needed is as follows
Shares needed = Amount needed / Price per share
Shares needed = $23,180,000 / $16.32
Shares needed = 1,420,343.14 shares
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Related Questions
You have decided to continue on with licensing your business to a firm in India. Much to your surprise, the Indian government has announced that it intends to enact local content law requirements. How will this impact the production of your products?
Answers
Answer:
You are not supposed to be allowed to import solar kits through India.
Explanation:
By laws requiring a predetermined reserve marketplace of providers for foreign operators to purchase from, local sourcing laws therefore will inevitably establish circumstances that are favorable to corruption and fraud. That was because regulations on local content enable businesses to use the very goods as well as products manufactured throughout the home economy and don't use imported products.What economic system is “prices by the government”?
Answers
the text covers ______ main money management activities.
Answers
Answer:
3
Explanation:
The text covers three main money management activities. They are Storing and maintaining personal financial records and documents, Creating personal financial statements and Creating and implementing a plan for spending and saving.
What is money management?Money management refers to the processes of budgeting, saving, investing, spending, or otherwise overseeing the capital usage of an individual or group. The term can also refer more narrowly to investment management and portfolio management.
The predominant use of the phrase in financial markets is that of an investment professional making investment decisions for large pools of funds, such as mutual funds or pension plans. Money management broadly refers to the processes utilized to record and administer an individual's, household's, or organization's finances. The term also refers more narrowly to investment and portfolio management. Financial advisors and personal finance platforms such as mobile apps are increasingly common in helping individuals manage their money better.
Poor money management can lead to cycles of debt and financial strain.
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Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, what amount can she deduct for eligible medical and dental expenses?
Answers
Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, the amount can she deduct for eligible medical and dental expenses is $2,260, Option C
What is gross income limitation?Generally, Your Adjusted Gross Income (AGI) will never be more than the total gross income reported on your tax return, and in certain instances, it may even be lower.
How do I compute my gross income?Performing the calculation is not too difficult if you are paid on a yearly basis. To reiterate, gross income is the entire amount you make before taking into account any deductions for taxes or other expenses.
This is the standard way in which annual pay is presented. Simply divide the entire amount of money (your pay) that you are paid during the year by the number of months in the year.
In conclusion, The portion of Schedule A, Itemized Deductions, that Melanie has completed so far is shown below. In light of the restriction imposed by the adjusted gross income, the maximum amount that she is permitted to deduct for her qualified medical and dental costs is $2,260.
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CQ
Melanie's partially completed Schedule A, Itemized Deductions, is shown below. Given the adjusted gross income limitation, what amount can she deduct for eligible medical and dental expenses?
$0
$1,603
$2,260
$2,583
Adjusted gross income limitation not found
WILL MARK BRAINLIST!
Why is it necessary to prepare a Trial Balance?
A Trial Balance is prepared to check whether the debit balance ___ the credit balance, which is the primary goal of accounting?
Answers
Answer:
Hello! Your answer shall be, BELOW
Explanation:
Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.
A Trial Balance is prepared to check whether the debit balance FOR the credit balance, which is the primary goal of accounting?
Hope I helped! Ask me anything if you have any questions. Brainiest plz!♥ Hope you make a 100%. Have a nice morning! -Amelia♥
Answer:
Equals
Explanation:
Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C
Answers
Answer:
a) I
Explanation:
The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.
Trade discount is given to encourage buyers make purchases in ____ quantities.
Answers
Answer:
Bulk
Explanation:
Trade discount is the reduction in the retail price of products that arises from bulk sales or purchases.
Assume that the quotes given below are from a newspaper. "petrol prices fall for the second time during this year", "price of video games is set to fall again" "price of foreign holidays increases" Explain whether the producers of the relevant companies i) Are likely to raise or cut back on production as a result of these news items. Explain your reasons. ii) What is the term used for this rise or cut down of production?
please help ASAP
Answers
Answer:
which subject
Explanation:
¯\_ʘ‿ʘ_/¯¯\_ʘ‿ʘ_/¯¯\_ʘ‿ʘ_/¯
Revenue is properly recognized: Multiple Choice When the customer makes an order. Only if the transaction creates an account receivable. At the end of the accounting period. When goods or services are provided to customers and at the amount expected to be received from the customer. When cash from a sale is received.
Answers
Revenue in a business transaction is recognized When goods or services are provided to customers and at the amount expected to be received from the customer.
What is revenue?Refers to the amount paid to a company for the provision of goods and services. Can only be recognized when that good or service has been provided to the customer.Until a good or service is provided to the customer who bought it, revenue should not be recognized because it has not been earned by a company.
In conclusion, option C is correct.
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Japan's largest and main island, containing the Japanese capital and almost all of its core area, is _______________.
Answers
Globalization has affected developed countries by encouraging new products. providing a solid consumer base. turning their focus to providing services. increasing employment for unskilled workers.
Answers
Answer:
C
Explanation:
Edge 2022
Globalization has affected developed countries by turning their focus to providing services. Thus, the third option is correct.
What is globalization?Globalization is a phrase used to describe how trade and technology have connected and interdependent the world. Globalization encompasses the economic and societal developments that have resulted as well.
More jobs in nations where jobs are required are a byproduct of globalization, which can benefit the national economy and result in a greater standard of life. As the standard of living rose, more poor children quit employment and went to school.
Therefore, the primary focus of globalization is to provide services.
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3. Which of the following would NOT be a factor that affects which products a retailer chooses
to select to offer in a store?
A. Local customer preferences
B. Manufacturer incentives
C. Employee preferences
D. The store's location
ailor's
Answers
Employee choices wouldn't have any influence on the products a retailer selects.
What elements influence retail stores? What are the top five most crucial elements for a retail market?Location, marketing, shop design and appearance, service and selection, and bundle selling are the five pillars of retail success. Let's examine how each of them can assist you in starting a profitable retail business.
What are the seven elements that influence where an industry is located?The seven variables that affect whether or not an industry is established are: the supply of materials, labour, capital, market access, the availability of a plentiful supply of electricity, transport modes like railroads and roads for the road transport of finished goods and raw materials, and the availability of land.
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information security is not just about technology, but also about management and _______
Answers
Information security is not just about technology, but also about management and people. While technology plays a crucial role in implementing security measures, it is ineffective without proper management and human involvement.
Effective information security management involves developing and implementing policies, procedures, and guidelines to protect sensitive data and systems.
This includes risk assessment, vulnerability management, incident response planning, and security awareness training for employees.
Furthermore, people are an essential component of information security. Human behavior and actions can significantly impact an organization's security posture.
This encompasses adhering to security policies, following best practices, and being vigilant against social engineering attacks like phishing or unauthorized access attempts.
A holistic approach to information security recognizes the need for technology, management, and people to work in tandem. By addressing all three aspects, organizations can create a robust and resilient security.
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A customer buys a new issue inflation-adjusted government bond with a 4% coupon at par. After the first year, the inflation rate as measured by the CPI has increased by 5%. After the second year, the inflation rate increases by 8%. For the third year of holding the security, the customer will receive:
Answers
In the third year of holding the inflation-adjusted government bond, the customer will receive an adjusted coupon payment based on the cumulative inflation rate over the three years which is 17.4%.
The inflation-adjusted government bond, also known as an inflation-indexed bond or a Treasury Inflation-Protected Security (TIPS), provides investors with protection against inflation. The coupon payment on these bonds is adjusted based on changes in the Consumer Price Index (CPI), which measures inflation. In the given scenario, the bond has a 4% coupon rate at par. After the first year, the inflation rate increases by 5%, and after the second year, it increases by 8%. To calculate the adjusted coupon payment for the third year, we need to consider the cumulative inflation rate.
The cumulative inflation rate over the three years would be (1 + 0.05) * (1 + 0.08) - 1 = 0.134, or 13.4%. Therefore, the customer would receive a coupon payment of 4% + 13.4% = 17.4% in the third year. It's important to note that the actual calculation and adjustment of coupon payments on inflation-adjusted government bonds may vary depending on the specific terms and conditions of the bond and the method used for inflation indexing.
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You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit history?.
Answers
If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.
A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance.
Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.
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An innovative business idea that no one has never had
Answers
An innovative business idea that no one has never had is Offering virtual assistance to other businesses.
What is innovative business idea ?innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.
It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.
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Complete question:
State An innovative business idea that no one has never had
What is friendship?? :)
Bye! Y'all!!
Answers
Answer:
agree with this
.................................
Answer:
just for fun
Explanation:
real friends are those who open their mouth to just insult there bestij
Which of the following is NOT an incentive
companies could use to try to get consumers to
buy their products?
A. On sale for a limited time.
B. A prize for buyers.
C. Buy one get one free.
D. Retail prices of products.
Answers
Answer:
D. Retail prices of products
Logo and website design are
examples of start-up costs.
Answers
True: Logo and website design are examples of start-up costs. Operating costs include payroll. Building improvements should be calculated into start-up costs.
Which of the following is probably an employment scam?
A. a job that asks you to pay for something upfront
B. a job that includes money transfers in the job description
C. a job that offers a large salary for a part-time work-from-home opportunity
D. all of the above
Answers
Answer:
D All of the Above
Explanation:
All these options are red flags in a job and should be investigated carefully.
What is an audiologist?
Answers
Answer:
An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing
Explanation:
Answer:
Audiologists are health care professionals who identify, assess and manage disorders of hearing, balance and other neural systems.
Explanation:
An audiologist is a licensed hearing health care professional who specializes in the diagnosis and treatment of hearing loss and balance disorders in adults and children. ... Treatment for balance disorders and tinnitus (ringing in the ears) Hearing and speech rehabilitation programs.
Also:
An audiologist is a licensed healthcare professional who specializes in diagnosing and treating hearing, balance and tinnitus disorders and who has, at minimum, a master's degree. Many, however, also go on to get a doctorate degree (Au. D.), and only then become a Doctor of Audiology.
frederick taylor believed that more efficient workers should be paid higher wages than their lower-performing coworkers, a system referred to as the
Answers
Answer:
piece rate system
Explanation:
Piece-rate, or piecemeal pay, means that employees are paid by the unit when completing a particular task, for instance, bushels harvested, trees pruned, or acres mowed. In this case, a worker is compensated by individual output and not by an hourly rate.
which set of nails should i get??
Answers
Answer:3
Explanation:
Use the unit-cost-of depreciation method to calculate the depreciation for the
following scenario. Company XYZ bought a machine for $150,000 on January 1,
2014. They figure the salvage value of the machine is $40,000 and the machine
will produce 20,000 units during its useful life.
Answers
On January 1st, 2014, Business XYZ spent $150,000 on a machine. They estimate that the machine will manufacture 20,000 units over its useful life and has a salvage value of $40,000. The depreciation is 5.5.
What does unit depreciation actually mean?The activity approach, also known as unit of production depreciation, calculates depreciation based on the unit of production and ignores the passage of time throughout the course of an asset's useful life; in other words, unit of production depreciation is directly proportionate to production.
The depreciation expense for a given year is calculated by dividing the asset's initial cost, less its salvage value, by the expected number of units it will produce over the duration of its useful life. The quotient should then be multiplied by the total number of units (U) used this year.
the unit-cost-of depreciation= \(\frac{cost of asset - salvage value}{useful life in the form of units produced}\)
= \(\frac{150,000 - 40,000}{20,000}\)
= 5.5
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Which of the following is not a traditional reason that teachers assess students?
A. To determine instructional effectiveness
B. To clarify instructional intentions
C. To monitor students' progress
D. To assign grades to students
Answers
The correct answer is B. To clarify instructional intentions .
Teachers assess students for various reasons, but clarifying instructional intentions is not traditionally one of them. The primary purposes of assessing students include:
A. To determine instructional effectiveness: Assessment helps teachers gauge the effectiveness of their instructional strategies and materials. It allows them to evaluate whether students are learning the intended content and skills.
C. To monitor students' progress: Assessment helps teachers monitor individual student progress and identify areas where additional support or intervention may be needed. It provides feedback on students' strengths and weaknesses, allowing for targeted instruction and support.
D. To assign grades to students: Assessment is often used to assign grades that reflect students' performance and achievement levels. Grades provide a summary evaluation of students' understanding and mastery of the content.
While clarifying instructional intentions is an important aspect of lesson planning and instruction, it is not a traditional reason for assessing students. Assessment primarily focuses on evaluating student learning and progress to inform instructional decision-making and provide feedback to both students and teachers.
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first come first serve
Answers
Answer:
hiiii
thanks for the free points
Answer:
hi hello
Explanation:
:) :) :):) :) :) :)
If the price of X is twice the price of Y, to maximize utility U=5X+3Y, best to buy: a. only X and no Y b. only Y and no X c. some of both goods but more of X than Y d. some of both goods but more of Y than X e. insufficient information to determine the answer
Answers
When the price of X is twice the price of Y, to maximize utility U = 5X + 3Y, some of both goods are to be bought but more of Y than X. The price of good X is twice that of Y, so the budget should be split accordingly.
The optimal amount of X should be half the amount of Y purchased since the price of X is twice the price of Y.So, the budget is distributed as follows:2X = Y or X = Y/2 The utility function is: U = 5X + 3YSubstitute X = Y/2 into the function: U = 5(Y/2) + 3Y= 2.5Y + 3Y = 5.5YThus, a combination of 2.5 units of X and 5 units of Y should be purchased to maximize the utility function. Therefore, the answer is: d. Some of both goods but more of Y than X.
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the existing balance in allowance for doubtful accounts is considered in computing bad debts expense in the group of answer choices direct write-off method. percentage of receivables basis. percentage of sales basis. percentage of receivables and percentage of sales basis.
Answers
In the percentage of receivables basis, you estimate bad debts based on a percentage of the accounts receivable balance, which takes into consideration the existing balance in the allowance for doubtful accounts.
To compute bad debts expense using this method, follow these steps
1. Determine the total accounts receivable balance.
2. Apply a percentage, based on historical data or industry standards, to the accounts receivable balance to estimate the allowance for doubtful accounts.
3. Compare the calculated allowance with the existing balance in the allowance for doubtful accounts.
4. If the calculated allowance is higher than the existing balance, the difference is recognized as bad debts expense. If it is lower, no additional bad debts expense is recorded.
In contrast, the direct write-off method and percentage of sales basis do not consider the existing balance in the allowance for doubtful accounts. The direct write-off method records bad debts expense only when an account is determined to be uncollectible, and the percentage of sales basis estimates bad debts as a percentage of credit sales, regardless of the existing allowance balance.
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What role does product/service management play in marketing?.
Answers
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
talk of the town resort purchases two new cooking stoves for its kitchen at $2,499 each. in addition, the resort paid $750 for transportation, $500 for installation, $250 for inspection by city inspector, and $299.88 for sales tax. while transporting the equipment, the driver had to park in a disability parking space, and was not aware of a police office on the look close-by. this wrong parking resulted in a $250 fine that the delivery driver's employer offered to cover. based on this information, the total amount at which both stoves will be activated is:
Answers
The total amount at which both stoves will be activated is:-
Kitchen equipment $XXX
Accounts payable $XXX
What do kitchen appliances do?Burners. Cooking, boiling, and steaming are all done using them.
griddle ranges. The most flexible appliance that may be used with either electricity or LPG is the cooking range.
Ovens.
Griddles.
Cooking utensils and spoons.
Kettles.
Cutters/Choppers for vegetables.
Mixers.
Account payables: What does that mean?Accounts payable (AP) is a short-term debt and a liability on a balance sheet that represents money that a business owes to its suppliers and vendors who have given it goods or services on credit.
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