_____ is the control of behavior by manipulating its consequences

Deep Hollow Oil issued 135,000 shares of stock last week. The underwriters charged a spread of 8.05 percent in exchange for agre

Neporo4naja [7]

Answer:

The ratio of flotation cost to funds raised is 20.13%

Explanation:

First of all, it is noteworthy that actual amount received per share by Deep Hollow Oil is the issue price minus the underwriting spread of $2.6565 (8.05% of $33),in other words the net issue price is $30.3435

The total amount raised is $ 4,096,372.50 (135000*$30.3435 ),while total flotation costs are as follows:

Underwriting costs $ 358,627.50

Legal and accounting fees $418,000

Indirect costs $48,000

Total flotation costs $824,627.50

However, the flotation costs as a percentage of funds raised is given below:

$824,627.50 /$4,096,372.50=20.13%

6 0

2 years ago

Ray Jene earns $900 a week at a Publix supermarket. Ray's payroll deductions are 28%. What is Ray's take-home pay?

kaheart [24]

If Ray earns $900 a week and deductions are 28% Ray's take home pay is:
$648 a week

If we assume that the deductions of 28% are taken out of the $900 weekly we will multiply 900 by 0.28 = 252. Then subtract 252 which is the deduction amount from the 900 and we end up with take home pay of $648.

7 0

2 years ago

Would firms have an incentive to change their level of production if input prices adjusted immediately to output price changes?

statuscvo [17]

Firms have noincentive to increase production to take advantage of higher prices if they simultaneously face equally higher resource prices. So the answer to this question is No. The availability and productivity of real resources is reflected in the prices of inputs, and in the long run these input prices (including wages) adjust to match changes in the price level.

7 0

2 years ago

Mother & daughter jewelers breaches its lease with longview mall and vacates the premises six months before the end of the t

evablogger [386]

The answer to the question is use reasonable means to find a new tenant to mitigate damages. This particular approach is actually the preferred method when dealing with contract breaches, which is part of the duty to mitigate, applied to the landlord.

In this context, Longview Mall has a duty to find another tenant to ensure that the property does not sit empty for a long period of time (maximum 2 years).

5 0

1 year ago

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busin

EleoNora [17]

Answer:

Option (b) is correct.

Explanation:

Given that,

Budgeted sales in September = $260,000

Budgeted sales in October = $375,000

Budgeted sales in November = $400,000

Percent of merchandise sells for cash = 30%

Percent of merchandise sells on account = 70%

Out of the credit sales,

80% are expected to be collected in the month of the sale.

20% in the month following the sale.

Therefore, the cash collections in September from accounts receivable will include only 80% of the credit sales in September as Nuthatch corporations starts its operation on September 1, hence there will be no sales in August.

Cash Collections From Accounts Receivables;

= 80% of the credit sales in September

= 0.8 × (70% × $260,000)

= 0.8 × $182,000

= $145,600

5 0

2 years ago