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iogann1982 [59]
1 year ago
14

Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO. The IPO price has been set at

$15 per share, and the underwriting spread is 6%. The IPO is a big success with investors, and the share price rises to $35 the first day of trading. The amount that Wyatt Oil raised during the IPO is closest to: 113 million 141 million 150 million 350 million
Business
1 answer:
dexar [7]1 year ago
8 0

Answer: 141 million

Explanation:

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Washington inc. issued $705,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $8,
cestrela7 [59]

Answer:

$20,000

Explanation:

Bond discount at the issuance of bond:

= Worth of Bonds issued -  [(Worth of Bonds issued ÷ 100) × Issue price]

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= $705,000 - $690,900

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Unamortized bond discount:

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= $14,100 - $8,200

= $5,900

Redemption Value of Bond = Retired price of bonds × 7,050

                                              = 102 × 7,050

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Loss on retirement on Bond:

= Redemption Value of Bond - (Worth of Bonds issued -  Unamortized bond discount)

= 719,100 - (705,000 - 5,900)

= 719,100 - 699,100

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6 0
1 year ago
Rachel paid $600 per month to rent a workshop. She paid weekly salaries to her three employees, amounting to a total of $3600 fo
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Answer:

<u>The correct answer is that Rachel's workshop total cost is US$ 5,700 per month and US$ 19 of average cost per unit sold every month.</u>

Explanation:

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Raw materials US$ 1,200

<u>Total monthly costs US$ 5,700</u>

<u>2.  Rachel's workshop average monthly costs</u>

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Average monthly costs = Total monthly costs/Number of units sold

Average monthly costs = 5,700/300

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1 year ago
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Korolek [52]

Answer:

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solution

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net earnings due to research = 2% - 0.5 %  = 1.5 % of stock portfolio

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The National Hockey League locked out the hockey players in an effort to negotiate a salary cap with the players' union. A cap w
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