He wrigley corporation needs to raise $27 million. the investment banking firm of tinkers, evers, & chance will handle the transaction.

a.
if stock is utilized, 1,600,000 shares will be sold to the public at $20.55 per share. the corporation will receive a net price of $17.00 per share. what is the percentage underwriting spread per share? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

underwriting spread per share %

b.
if bonds are utilized, slightly over 27,200 bonds will be sold to the public at $1,003 per bond. the corporation will receive a net price of $998 per bond. what is the percentage of underwriting spread per bond? (relate the dollar spread to the public price.) (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

underwriting spread per bond %

c-1.
which alternative has the larger percentage of spread?

stock
bond

c-2.
is this the normal relationship between the two types of issues?

yes
no

Malcolm has several receipts from recent transactions that he entered in his records. the receipts include an atm receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00 when he finishes entering his transactions, malcolm realizes that his balance is incorrect. assuming that malcolm had no beginning balance, what should his correct balance be?

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?