Management of Oriole, Inc., is planning to raise $1,397,000 in new equity through a private placement. If the sale price is $22.00 per share, how many shares does the company have to issue?

N = 63,500 shares

the company have to issue 63,500 shares

Step-by-step explanation:

Given;

Total amount in new equity to be raised T = $1,397,000

Sales price per share R = $22.00

The number of shares the company need to issue is;

N = Total amount in new equity/Sales price per share

N = T/R

Substituting the given values, we have;

N = $1,397,000/$22.00

N = 63,500 shares

the company have to issue 63,500 shares

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )