Suppose a firm has 3 million shares outstanding, a stock price of $100, and needs to raise

Fantastic news! We've Found the answer you've been seeking!

Question:

image text in transcribed

Suppose a firm has 3 million shares outstanding, a stock price of $100, and needs to raise one million dollars via stock. How many shares will be outstanding after this money is raised? Select one: 4,000,000 3,010,000 100,010,000 30,000 10,000

Related Book For answer-question

Accounting Volume 2

ISBN: 978-0176509743

2nd Canadian edition

Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren

Posted Date: Jul 12, 2024 12:18 AM

See More Questions

7. Payback. What is the payback period of each project? (LO3)
At the end of February, Howard Productions accounting records reveal a balance for cash equal to $19,225. However, the balance of cash in the bank at the end of February is only $735. Howard is...
The combary says that $140,000 of the fored eupenses being chscged to Departnent B are cunik costs or asocoted cocts thei wht contenue if the segmert is discontinued. Howerhet. If $(144.000)...
Can you please tell me if I have classified by costs in the correct category? Thank you! Hockey League Budget Cost Category Cost of Personnel and Non-Personnel Resources Total Cost in Dollars...
https://www.youtube.com/watch?v=GqYOaqKssqA Use this video in order to answer the questions below: Think about some of these points and discuss your reaction. What are some of the key points in this...
Loyalty Program selected- Uber Rewards Program. Link:https://www.uber.com/in/en/u/rewards/ HAVE an overview summary of the program's benefits to customers such as yours and the program's overall...
Difference between having encryption turned on and turned off? Explain why there is a difference? If any.
Let's assume you do DES double encryption by encrypting with K1 and doing DES in decrypt mode with K2. Does the same attack work as with double encryption with K1 and K2? If not, how could it be made...
A manufacturing company needs wants to calculate productivity for a given period of time. The table below indicates output and inputs. The rental fee is $300/machine. Employees work 8-hour shifts/day...

Suppose a firm has 3 million shares outstanding, a stock price of $100, and needs to raise

Question:

Expert Answer:

The Answer is in the image, click to view ... View the full answer

Accounting Volume 2

Students also viewed these Accounting questions