answer.
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
koban [17]
2 years ago
14

Fishwick Enterprises has 200,000 shares outstanding, half of which are owned by Jennifer Fishwick and half by her cousin. The tw

o cousins have decided to sell 100,000 shares in an IPO. Half of these shares would be issued by the company to raise new cash, and half would be shares that are currently held by Jennifer Fishwick. Suppose that the shares are sold at an issue price of $50 but rise to $80 by the end of the first day’s trading. Suppose also that investors would have been prepared to buy the issue at $80.a. What percentage of the company will Jennifer own after the issue?b. What will her holding be worth at the end of the first day’s trading?c. Suppose the issue had been priced at $62. How many shares would the company have needed to sell to raise the same gross proceeds from the IPO?d. What in this case would be Jennifer’s wealth (cash plus the value of her remaining holding)?e. What is the cost of underpricing to Jennifer in dollars?
Business
1 answer:
Ivahew [28]2 years ago
3 0

Answer:

A. 20%

B.$4,000000

C. 62,500

D. $6,500,000

E $1,500,000

Explanation:

You might be interested in
Brenda is the CEO of a large corporation. While presenting a proposal to a commercial bank for a corporate loan, she offered the
iren [92.7K]

Answer:

C) Brenda is not guilty of bribery.

Explanation:

Bribery can be defined as offering a payment (or paying) to a government official in exchange for a favorable treatment either regarding a personal or commercial issue. In this case, Brenda offered money to a person working in a private company, so she cannot be guilty of bribery.

3 0
2 years ago
"...there is quite as much trouble in the reformation of an old constitution as in the establishment of a new one, just as to un
Otrada [13]
This is an excerpt from Politics by Aristotle. It is a work of political philosophy by Aristotle. The end of the Nicomachean Ethics professed that the review into ethics essentially follows into politics, and the two works are commonly considered to be parts of a larger discourse, or perhaps connected lectures, dealing with the "philosophy of human affairs." The title of the Politics literally means "the things concerning the polis." This book is divided into eight books which are each further divided into chapters.
5 0
2 years ago
Read 2 more answers
Depreciation Methods On January 2, 2018, Skyler, Inc. purchased a laser cutting machine to be used in the fabrication of a part
Studentka2010 [4]

Answer:

Part A  

1. Straight-line.    

Year   Depreciation expenses ($)  

2018  228,750  

2019  228,750  

2020  228,750  

2021  228,750  

2. Double-declining balance.  

Year   Depreciation expenses ($)  

2018  460,000  

2019  230,000  

2020  115,000  

2021  110,000  

3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.)    

Year   Depreciation expenses ($)  

2018  198,913  

2019  348,098  

2020  258,587  

2021  109,402  

Part B  

1. Straight-line.    

Year   Depreciation expenses ($)  

2018  114,375  

2019  228,750  

2020  228,750  

2021  228,750  

2022  114,375  

2. Double-declining balance.  

Year   Depreciation expenses ($)  

2018  230,000  

2019  345,000  

2020  172,500  

2021  86,250  

2022  81,250  

3. Units-of-production. (Assume annual production in cuttings of 200,000; 350,000; 260,000; and 110,000.)    

Year   Depreciation expenses ($)  

2018  99,457  

2019  273,505  

2020  303,342  

2021  183,995  

2022  54,701  

Explanation:

Note: See the calculation in the attached excel file.

Download xlsx
8 0
2 years ago
Read 2 more answers
Martina advises her tax client, Breslin Baked Goods, to disclose a matter by attaching a special form to its corporate tax retur
harina [27]

Answer: Martina should draft a memo for the files indicating that Breslin is a difficult client.

Explanation: The tax professional ethics standard states that one has to be under the rules and regulations that abides the profession, most especially the AICPA (American Institute of Certified Public Accountants). This means that for one to be ethical, the person's practice must be professional and in accordance to rules.

Because Martina has to be ethical, and also secure her client, she has to disclose the matter the way her clients wants it, but she also has to indicate that Breslin is a difficult person, so that her disclosure won't appear unprofessional, and for her license to be secured.

It will be unprofessional if Martina cannot handle a difficult clients. It is also unprofessional if Martina option becomes quiting or being sacked for not delivering a job.

7 0
2 years ago
It’s time for Roxanne to start repaying her student loans, which are amortized over the next ten years. Her first month’s paymen
Mandarinka [93]

Answer:

The correct answer is letter "C": Exactly $396.

Explanation:

An Amortization Schedule is a table that shows the amounts of principal and interest that comprise each loan payment. Amortization schedules reveal the true cost of purchasing a home, car or requesting a student loan that is<em> paid with regular, equal installments over a period of time</em>.

Thus, <em>Roxanne should pay $396 monthly for the next 10 years</em>.

4 0
2 years ago
Other questions:
  • Consider a project with free cash flows in one year of $90,000 in a weak economy or $117,000 in a strong economy, with each outc
    13·1 answer
  • Austrian Airlines was sued by a 51-year-old former director of sales who charged that he was dismissed and replaced by an employ
    10·1 answer
  • In a given year, Jennifer earns $50,000 and spends $40,000. During the same period, Stcve earns $30,000 and spends $27,000. If J
    6·1 answer
  • Dream Threads Company sells hand-sewn shirts for $40 per shirt. It incurs monthly fixed costs of $7000. The contribution margin
    11·1 answer
  • "In about 100 words, describe how an n-tier architecture might be used by an online business. Include in your answer an outline
    14·1 answer
  • Delta Manufacturing has budgeted the following unit sales: 2019 Units April 25,000 May 40,000 June 60,000 July 45,000 Of the uni
    10·2 answers
  • Some countries have oil as a natural resource and BronzePlate Inc., based in Illinois, is considering building a facility in one
    15·1 answer
  • Kate is leasing some equipment from Ajax Leasing for a period of one year. Ajax pays the maintenance, taxes, and insurance costs
    13·1 answer
  • Two parcels of land priced at $2,100 per acre were purchased. One parcel was 5 acres in size, and the other was 1 square mile in
    6·1 answer
  • In May 2020, Whitney filed for divorce from her husband, Michael. Although they lived apart for the last six months of the year,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!