Convex Incorporated sells 10 million shares of stock in an SEO long dash, 44 million being primary shares issued by the company and 66 million being secondary shares sold by investors. At the time of the sale, Convex's stock was selling at $9.0 per share. How much money was raised in the sale if the underwriter charges 66% of the gross proceeds as a fee?

The Apex Corporation sells one million shares of its $0.02 par value Common Stock for $15 per share.  The effects of this transaction on Apex Corporation’s accounts are:  Select one:   a. Cash +$15 million,  Common Stock +$20,000,  Additional Paid-in Capital +$14,980,000. b. Cash +$20,000,  Common Stock +$20,000, No Effect on Additional Paid-in-Capital. c.Cash +$15 million,  Common Stock ($20,000), Additional Paid-in-Capital ($14,980,000). d. Cash +$14,980,000,  Common Stock ($20,000),  Additional Paid-in-Capital +$15 million

what journal entry would be made for the following transaction? highway studios sells 10 million of its no-par common shares for $10 per share.

Kenny Limited's issued share capital is £125,000 made up of 250,000 ordinary shares of £0.50 each. In the year to 31 October 2020, Kenny Limited makes the following profits: Profit before tax: £95,000 Profit for the year: £70,000 Kenny Limited has no preference shares in issue. What are the earnings per share of Kenny Limited for the year ended 31 October 2020?

Black company owned 50,000 ordinary shares which were purchased for P120 per share. During the year, theinvestee distributed 50,000 stock rights to the investor. The investor was entitled to buy one new share for P90 cash and two of these rights. Each share had a market value of P130 and each right had a market value of P20 on the date of issue. What amount should be debited to the investment account if the rights were not accounted for separately?

ABC purchases 118 shares of XYZ company at $38 per share in its margin account. ABC finances part of the purchase by borrowing $1967 at a rate of 9% per year. One year later the price of XYZ shares has changed by 22%. Therefore the return earned by ABC in its marging account is % (Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places, e.g. 110.10)

Assume the issuer incurs $1 million in otherexpenses to sell 3 million shares at $40 each to anunderwriter and the underwriter sells the shares at$43 each. By the end of the first day’s trading, theissuing company’s stock price had risen to $70.What is the total cost of underpricing?

Bo's Home Manufacturing has 280,000 shares outstanding that sell for $43.87 per share. The company has announced that it will repurchase $48,000 of its stock. What will the share price be after the repurchase?

Ayayai Corporation purchased 300 common shares of Sigma Inc. for trading purposes for $9,300 on September 8 and accounted for the investment under ASPE at FV-NI. In December, Sigma declared and paid a cash dividend of $1.65 per share. At year end, December 31, Sigma shares were selling for $35.60 per share. In late January, Ayayai sold the Sigma shares for $34.60 per share.     Prepare Ayayai Corporation’s journal entry to record the purchase of the investment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit September 8 enter an account title enter a debit amount enter a credit amount   enter an account title enter a debit amount enter a credit amount   Prepare Ayayai Corporation’s journal entry to record the dividends received. (Credit…

On January 20, Metropolitan Inc., sold 10 million shares of stock in an SEO. The market price of Metropolitan at the time was $42.25 per share. Of the 10 million shares sold, 5 million shares were primary shares being sold by the company, and the remaining 5 million shares were being sold by the venture capital investors. Assume the underwriter charges 4.6% of the gross proceeds as an underwriting fee. a. How much money did Metropolitan raise? b. How much money did the venture capitalists receive? c. If the stock price dropped 2.5% on the announcement of the SEO and the new shares were sold at that price, how much money would Metropolitan receive? a. How much money did Metropolitan raise? After underwriting fees, Metropolitan raised $ million. (Round to two decimal places.)