Books
Study
Career
CheggMate
For educators
Help
Sign in
Find solutions for your homework
Find solutions for your homework
Search
businessfinancefinance questions and answersmarine enterprises is offering 688 shares in a dutch auction ipo. the following bids have been received. what is the clearing price in the auction? answer should be formatted as a number with two decimal places (e.g.
Question: Marine Enterprises Is Offering 688 Shares In A Dutch Auction IPO. The Following Bids Have Been Received. What Is The Clearing Price In The Auction? Answer Should Be Formatted As A Number With Two Decimal Places (E.G.
Marine Enterprises is offering 688 shares in a Dutch auction IPO. The following bids have been received. What is the clearing price in the auction?
Answer should be formatted as a number with two decimal places (e.g. 99.99).
Bidder Quantity Price
A 446 32
B 822 28
C 292 25
D 337 24
E 646 20
Answers
The clearing price in the auction is 292.00.
To find the clearing price in the auction, we need to determine the price at which all 688 shares can be sold. In a Dutch auction IPO, the shares are sold at the highest price that will allow all shares to be sold.
To calculate the clearing price, we can start by arranging the bids in descending order based on price:
Bidder | Quantity | Price
E | 646 | 20
D | 337 | 24
C | 292 | 25
B | 822 | 28
A | 446 | 32
Now, we sum up the quantities starting from the highest price until we reach a total of 688 shares:
\(20 + 24 + 25 + 28 + 32 = 129\)
Since the total quantity of 129 is less than 688, we need to continue adding the next highest price:
\(20 + 24 + 25 + 28 + 32 + 446 = 575\)
Now, the total quantity of 575 is still less than 688, so we add the next highest price:
\(20 + 24 + 25 + 28 + 32 + 446 + 292 = 867\)
The total quantity of 867 is now greater than 688, so the clearing price is the last price we added, which is 292.
Therefore, the clearing price in the auction is 292.00.
Learn more about Dutch auctions from the given link:
https://brainly.com/question/33364301
#SPJ11.
Related Questions
write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answers
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
Franklin transferred 952 photos from his phone in 17 minutes. At what rate does his phone transfer photos?
Answers
Answer:
56 photos per minute
Explanation:
952 divided by 17 is 56
The shorter the forecast period, the more accurately the
forecasts tend to track what actually happens.
True or False?
Answers
False. The idea that projections tend to more closely match what actually occurs the shorter the forecast period is untrue.
The assertion is untrue because forecasts made over shorter forecast period are not always more accurate. Longer prediction periods really frequently provide better accuracy. Longer time horizons enable forecasters to take into account a wider range of variables, such as economic conditions, market trends, technology developments, and policy changes.
Longer forecast periods give more time for data collection and analysis, in-depth study, and taking into consideration anticipated uncertainties and variations. It enables a more thorough understanding of the relevant variables and their potential effects on the predicted result.
Shorter forecast periods, however, may be more prone to mistakes and oversights. They might miss crucial factors or fail to take unforeseen occurrences or developments into consideration.
Learn more about period here:
https://brainly.com/question/29892886
#SPJ11
Prepare a balance sheet in proper format for the company as of December 31st based on the following accounts. Answer questions 8 through 10 based on this balance sheet.
Answers
Answer:
Total liabilities = $25,000
Explanation:
Missing information;
Accounts Payable = $5,000
Long-term Notes Receivable = $10,000
Accounts Receivable = $15,000
Accrued Expenses = $3,000
Cash = $10,000
Short-term Notes Payable = $7,000
Retained Earnings = $2,000
Accumulated depreciation = $2,000
Prepaid Expenses = $3,000
Capital Stock = $8,000
Supplies = $7,000
Find:
Total liabilities
Computation:
Total liabilities = Accounts Payable + Capital Stock + Short-term Notes Payable + Accrued Expenses + Retained Earnings
Total liabilities = 5000 + 8000 + 7000 + 3000 + 2000
Total liabilities = $25,000
in an economy with constant velocity, a real gross domestic product growth rate of 2 percent, an ex ante real interest rate of 3 percent, and a money supply that is expected to grow at 7 percent, the nominal interest rate would be percent.
Answers
The nominal interest rate would be 12%. Nominal interest rate is the percentage rate of interest that is quoted on a loan or deposit, without adjusting for inflation.
Nominal interest rate is the interest rate as it is stated, without any adjustment for the effect of inflation on the purchasing power of the money that will be received. It is the rate of interest that borrowers pay on loans and the rate of interest that depositors receive on savings and other deposit accounts.
To determine the nominal interest rate you can use this formula:
Nominal interest rate = Real GDP growth rate + Ex ante real interest rate + Expected growth rate of money supply
In this case:
Nominal interest rate = 2 percent + 3 percent + 7 percent
Nominal interest rate = 12%
Learn more about nominal interest rate, here https://brainly.com/question/13324776
#SPJ4
Why can communicating with someone with a different background than yours present challenges?
Answers
PART 1
It is now January. The current interest rate is 5% per annum annual compounding. The June future price for gold is $1846.30, while the December future rice is $1860.00. Find a strategy to explore the arbitrage opportunity.
Part II.
Suppose that the spot price of the euro is currently $1.5 USD. The one-year futures price is $1.55 USD. Is the interest rate higher in the United States or the euro zone? Justify your answer.
Part III.
OneAsx has just introduced a single-stock futures contract on Arandex stock, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year. The T-bill rate is 6% per year annually compounded and Arandex stock currently sells at $120 per share. If the Arandex price drops by 3%, what will be the change in the future price and the change in the investors’ margin
Answers
Part 1: To explore the arbitrage opportunity between the June and December future prices for gold, we can use a strategy called cash-and-carry arbitrage. Here's how it works:
Borrow money at the current interest rate of 5%.
Use the borrowed money to buy gold at the June future price of $1846.30.
Hold the gold until December.
Sell the gold at the December future price of $1860.00.
Repay the borrowed money with the interest accrued over the period.
By executing this strategy, you can lock in a risk-free profit. The profit can be calculated as the difference between the selling price in December and the cost of borrowing the money to purchase the gold in June, taking into account the interest accrued over the period.
Part 2:
To determine whether the interest rate is higher in the United States or the euro zone, we can compare the spot price of the euro with the one-year futures price.
If the one-year futures price is higher than the spot price, it implies that the interest rate is higher in the euro zone. This is because investors are willing to pay a premium (higher future price) to buy the euro in the future, expecting it to appreciate.
If the one-year futures price is lower than the spot price, it implies that the interest rate is higher in the United States. In this case, investors are willing to sell the euro at a discount (lower future price) because they expect it to depreciate.
In the given scenario, the one-year futures price of the euro is $1.55 USD, higher than the spot price of $1.5 USD. Therefore, we can conclude that the interest rate is higher in the euro zone.
Part 3:
Since Arandex stock pays no dividends, the change in the future price and the change in the investor's margin will be determined by the change in the stock price itself.
If the Arandex stock price drops by 3%, the future price is expected to reflect this change. However, the exact change in the future price and the impact on the investor's margin will depend on the specific terms and conditions of the single-stock futures contract offered by OneAsx.
Typically, a drop in the stock price would result in a decrease in the future price, leading to a potential loss in the investor's margin. The exact calculation of the change in the future price and the impact on the margin would require additional information such as the initial margin requirement and any margin maintenance requirements specified by the exchange or broker.
To know more about arbitrage opportunity click this link -
brainly.com/question/32104709
#SPJ11
If the market value of property is $284,500 and the assessment ratio is 35%, what are the monthly taxes if the tax rate is 30 mills?
Answers
With a property market value of $284,500 and an assessment ratio of 35%, the monthly taxes would amount to approximately $248.94, assuming a tax rate of 30 mills.
To calculate the monthly taxes, we need to find the assessed value of the property first. The assessed value is calculated by multiplying the market value by the assessment ratio. Assessed value = Market value * Assessment ratio
Assessed value = $284,500 * 0.35 = $99,575
Next, we need to calculate the annual taxes by multiplying the assessed value by the tax rate.Annual taxes = Assessed value * Tax rate
Annual taxes = $99,575 * (30 mills / 1000) = $2,987.25
Finally, we can calculate the monthly taxes by dividing the annual taxes by 12.Monthly taxes = Annual taxes / 12
Monthly taxes = $2,987.25 / 12 = $248.94 (rounded to the nearest cent)
Therefore, the monthly taxes for the property would be approximately $248.94.
To learn more about market value click here
brainly.com/question/24358330
#SPJ11
If a term in a contract is ambiguous, the court will consider the parties'
A. acceptance
B. intent
C. offer
D. consideration
Answers
Answer:
intent
Explanation:
______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answers
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Fire Angel Ltd. Based in the Midlands, Lusaka, Angel Safe plc designs, manufactures, sources and distributes an extensive range of home safety products. The subsidiary company, Fire Angel Ltd., which employs 15 people and makes a range of household fire alarms, has established a strong Zambian retail presence. Annual sales are ZMW 55 million, but the company has recently experienced a dip in volumes as a result of retailers reducing inventories from six to eight weeks’ worth of stock to one or two weeks. According to Managing Director, Kabeshi Mumba, "Clearly we are not immune to the current economic climate; however, in less certain times people want to protect what they have a little more. We are not the biggest supplier in the industry, but we are finding that retail sales of our products are holding up reasonably well as homeowners look to protect their properties and social landlords comply with fire safety regulations." Fire Angel Ltd. continues to develop innovative solutions and is planning to launch a brand new WiAngel alarm system which combines a flashing strobe and vibrating pillow pad alarm system. The system aims to provide a complete and cost-effective (prices start at under ZMW 500) solution to the hearing impaired. Presently over 9 million people in the Zambia exhibit some degree of hearing loss. In the Zambia, sales of household smoke alarms have until recently enjoyed strong growth because of high levels of media attention. Volumes are expected to stabilize over the next few years.
Q1 a) You have recently been appointed marketing manager for Fire Angel Ltd. Explain the five strategic rationale behind the decision to introduce the new Wi-Angel alarm system as a new product in the market?
b) Provide 5 specific recommendations on the design of the marketing programme for the new product? (5 marks)
c) What are the major forces driving the home safety industry? Use appropriate model? (5 marks)
d) Why should the marketing manager for angel safe plc understand the product life cycle and its application? (5 marks)
Answers
The strategic rationale behind the decision to introduce the new Wi-Angel alarm system as a new product.
a) In the market for Fire Angel Ltd. is explained below:
To satisfy market demand
To attract new customers
To improve the performance of the organization
To replace existing products
To extend the life of existing products
b) Specific recommendations on the design of the marketing program for the new product are mentioned below:
1. Create targeted campaigns that speak to the specific needs of the hearing-impaired market segment.
2. Price the new Wi-Angel alarm system competitively.
3. Have a strong digital marketing campaign to target potential customers online.
4. Use television, radio, and print advertisements to reach out to the masses.
5. Build partnerships with hearing clinics to promote the product through word-of-mouth marketing.
c) The major forces driving the home safety industry are as follows:
1. PESTLE Analysis: Political, economic, social, technological, legal, and environmental factors that affect the industry.
2. The Competitive Environment: Rivalry, Threat of New Entrants, Threat of Substitutes, Bargaining Power of Buyers, and Bargaining Power of Suppliers.
3. SWOT Analysis: Strengths, Weaknesses, Opportunities, and Threats faced by the company.
4. Porter's Five Forces: Competitive Rivalry, Threat of New Entrants, Threat of Substitutes, Bargaining Power of Buyers, and Bargaining Power of Suppliers.
d) Marketing manager for Angel Safe plc should understand the product life cycle and its application because it provides a framework for understanding product performance and marketing strategy. It provides the following benefits:
1. Helps the company to understand the market demand for the product and how the product meets the needs of consumers.
2. Helps the company to plan marketing strategies for each stage of the product life cycle.
3. Helps the company to determine when to introduce new products or discontinue existing products
Therefore, Helps the company to identify potential opportunities for product improvement.
Learn more about the company from the given link.
https://brainly.com/question/30532251
#SPJ11
of the following options, which is not one of the functions of marketing research? question 21 options: manages and implements the data collection process designs methods for collecting information specifies the information required to address marketing issues communicates the findings and their implications applies research results to the marketing mix
Answers
The findings and their implications applies research results to the marketing mix is not one of the functions of marketing research. Marketing research is the methodical gathering, logging, and analysis of qualitative. The goal is to identify and assess how changing elements of the marketing mix influence consumer behaviour. The answer is option D
Interviews are a common part of primary market research and can range from in-depth discussions to simple questions. An example of a market research interview is when a business calls a current customer to ask how they are enjoying a product they recently purchased. Marketing research offers data that is consumer to decision-making, which helps marketing management. Marketing research neither chooses the path to take nor guarantees success.
To learn more about marketing, click here.
https://brainly.com/question/13414268
#SPJ4
Simba is looking for a financial institution to give him a loan for a new house. Which of these institutions would be LEAST likely to provide this service?
savings and loan institution
credit union
brokerage firm
commercial bank
Answers
Answer:
Brokerage firm
Explanation:
Please help!!!! What are the three most widely used methods to gather data? What are the differences between them?
Answers
Answer:
The choice of method depends on the data collection strategy, the type of variable, the required precision, the point of collection and the training of the interviewer.
The main data collection methods are:
Records: Records and licenses are particularly valuable for full censuses, but are limited to slowly changing variables, such as the number of fishing vessels and their characteristics.
Questionnaires: forms that respondents return completed. An inexpensive method that is useful when literacy rates are high and respondents collaborate.
Interviews: forms that are completed during an interview with the respondent. More expensive than questionnaires, but better for more complex questions, and low literacy rates or less collaboration.
Direct Observations: Direct measurements are the most accurate method for all variables, such as catches, but it is often expensive. Many methods, such as observation programs, are limited to industrial fishing.
Reporting: the main alternative to direct measurements is to ask fishers and third parties to report their activities. Reporting presupposes literacy and requires a spirit of collaboration, but this can be reinforced by legal obligation and direct measurements.
Explanation:
Records, Questionnaires, Interviews are the three most widely used methods to gather data.
What is Records, Questionnaires, Interviews?Records and licenses are very useful for comprehensive censuses, but they are only applicable to factors that change slowly over time, such as the number and types of fishing vessels.
Forms that respondents complete and return. A low-cost approach that works well when respondents cooperate and literacy rates are high. Asking fishermen and other stakeholders for reports on their activity is the primary substitute for actual measurements.
Paperwork that are filled out after a respondent interview. Less collaborative and better for more complex topics, low literacy rates, and higher costs than questionnaires.
Thus, they are Records, Questionnaires, Interviews.
For more details about Records, Questionnaires, Interviews, click here:
https://brainly.com/question/28179298
#SPJ5
Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
All of the following shift the demand curve for automobiles to the right except:
a. the local factory gives a big raise to its employees
b. a brand new automobile dealership opens in town
c. the price of gasoline falls
d. none of the above
Answers
Answer:
b. a brand new automobile dealership opens in town
Explanation:
All of the following shift the demand curve for automobiles to the right except: "a brand new automobile dealership opens in town."
The above statement is true because when a shift in the demand curve moves to the right, there is an increase in the quantity demanded, which can be caused by some factors such as:
increase in income,
growth in the price of a substitute or decrease in the price of a complement.
Hence, considering the available options in the question, the correct answer is " a brand new automobile dealership opens in town."
If purchases of education and medical care were counted as investment rather than consumption, gross domestic product would.
Answers
It should be noted that the gross domestic product would not change, because there is no change in total aggregate expenditures.
What is Aggregate expenditure?
Aggregate expenditure serves as the current value of all the finished goods as well as services in the economy.
The aggregate expenditure can be calculated by summation of total of all the expenditures undertaken in the economy.
Learn more about aggregate expenditure at;
https://brainly.com/question/25927714
Which knowledge area has been identified by architects, carpenters, and building inspectors as important in their work?
mathematics
building and construction
design
customer and personal service
Answers
Answer:
Building and Construction
Explanation:
Edg
In manufacturing organizations, the dollars spent with suppliers fall into what range as a percent of revenues?.
Answers
Empirical data indicate that manufacturing organizations spend 50-80 percent of revenues with suppliers while service organizations spend only 25-35 percent.
What s revenue?In the context of accounting, revenue refers to the total income from sales of products and services that are directly related to the company's core operations. Sales or turnover are two other terms for commercial revenue. Interest, royalties, and other fees are sources of income for some businesses.
Revenue is the money a business makes, primarily from the sales of its goods and services to clients. When, how, and why a business recognises revenue is determined by certain accounting regulations. An organisation might, for instance, get money from a customer. However, until they have fulfilled their half of the contractual duty, a corporation may not be able to recognise revenue.
Price of goods or services divided by the quantity or number of clients equals revenue. For instance, if a business sells 10 computers for $50,000 each, it may figure out its gross income using the following formula: $50,000 multiplied by 10 equals $500,000.
To learn more about revenue visit:
https://brainly.com/question/8645356
#SPJ4
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
Answers
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
On August 31 of the current year, Pine Corp. issued 100,000 shares of its $20 par value common stock for all of the net assets of SAP, Inc. The collection of assets and liabilities acquired do not meet the definition of a business under ASC 805. The fair value of Pine's common stock on the acquisition date was $63 per share. Pine paid a fee of $164,000 to the consultant who arranged this acquisition. Costs of registering and issuing the equity securities amounted to $89,000. What amount should Pine record in total for the net assets acquired?
Answers
The amount that Pine Corp. should record for the net assets acquired is $6,300,000.
How much should Pine Corp. record?The amount that should be recorded as the total for net assets acquired, is the fair value of the shares sold to finance the purchase.
In this case that is:
= 100,000 shares x 63 per share
= $6,300,000
In conclusion, $6,300,000 should be recorded.
Find out more on business acquisitions at https://brainly.com/question/26277900.
Which of these can you invest in without assuming any risk?
(1 point)
bonds
property
stocks
none
Answers
Answer:
none
Explanation:
correct
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
\(\Huge\sf\underline{\underline{\red{Question}}}\)
Explain about E = mc² !!??
Answers
Answer:
E = mc2. It's the world's most famous equation, but what does it really mean? "Energy equals mass times the speed of light squared." On the most basic level, the equation says that energy and mass (matter) are interchangeable; they are different forms of the same thing.
Explanation:
:(
The invention of the flying shuttle and the spinning jenny helped fuel the Industrial Revolution by making it possible for one person to do the work of many.
True
False
Subject: Career success skills
Answers
QUESTION 6 of 10: A response to an employee's idea:
a) Is always provided in written form
b) Is only provided with a management sponsor
c) May require testing the idea before being accepted
Answers
A reply to a suggestion made by a worker. Before being approved, the concept might need to be tested.
Which word should I use: workers or employees'?Add a apostrophe and a s to show that singular nouns are in possession. Add simply an apostrophe to show possession when using plural verbs ending in s, as in four employee paychecks with two boss suggestions.
Can we say "workers"?“Employees'.” The singular possessive word "employee's" denotes something that only one employee possesses. If there are several employees, they are referred to as "employees," and everything that numerous employees own is referred to using the possessive pronoun form "employees'."
To know more about employee's visit:
https://brainly.com/question/29526912
#SPJ1
how many observations will the data set contain? data ; value=2000; do year=1 to 20; interest=value*.075; value interest; output; end; run;
Answers
The data set will contain 20 observations.
In the given data step, the DO loop iterates from year 1 to year 20. Each iteration of the loop creates an observation in the data set. Therefore, with 20 iterations, there will be 20 observations in the data set.
The data set is populated with the following variables:
"year": Represents the year from 1 to 20.
"value": Initially set as 2000.
"interest": Calculated as the product of "value" and 0.075 (7.5% interest rate).
The "value" and "interest" values are then output for each year.
For more questions like Data click the link below:
https://brainly.com/question/10980404
#SPJ11
Please help--
Spending that is based on the purchase decisions you make that can vary from month to month is a ___
Answers
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answers
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
In which market would a producer sell bicycles to consumers?
Answers
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
Learn more about the goods and services market, from:
brainly.com/question/17078982
#SPJ1