The FINRA Corporate Financing Department will only approve a new issue to be offered by a member firm after analyzing the offering documentation for the new issue and determining that the offering spread is reasonable and fair.
<h3>
What does the finance department do?</h3>
A business's finance department is the division in charge of procuring and managing all financial resources on the company's behalf. The department oversees income and expenses in addition to ensuring that operations function smoothly with the least amount of disturbance.
<h3>How does a financial department operate?</h3>
- Banking, leverage or debt, credit, capital markets, money, investments, and the design and management of financial systems are all included in the field of finance.
- Micro economic and macroeconomic theories form the foundation of fundamental financial ideas.
<h3>Why is a company's finance department important?</h3>
A company's finance department is crucial in monitoring performance and developing answers to vital inquiries concerning risk management and return on investment. There won't be a green light without a profit.
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Answer:
Financial statements are formal records of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form which is easy to understand.
Explanation:
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Answer:
The amount of amortized organizational expenses for the year 2013 would be $6,333 ( approximately )
Explanation:
First of all the important point here to note is that while calculating the amortized organizational cost we only include the legal fee for drafting the corporate charter and not the commission paid to underwriter or cost incurred while selling the stock.
In the legal fee for corporate charter too there are limitations , as only $50,000 are allowed as total expenditure to be amortized over a period of 15 years or 180 months. Where for the first year the limitation allowed is $5000 and rest of the amount would be amortized over 180 months.
So $45,000 - $5000 = $40,000
$40000 / 180 = $222.22
Now multiplying this by 6 months as the operations of company began on 1 July , 2013,
$222.22 x 6 = $1333.32
Now adding this amount to $5000 will give us the total amortized organizational expense,
$5000 + $1333.32 = $6,333.32
= $6,333 ( approximately )
Answer:
The 125,000 shares of common stock would be issued
Explanation:
For computing how many shares of common stock would be issued, we have to use the formula of common share produced which is shown below:
Common share produced = Par value ÷ Conversion price
where,
Par value is $5,000,000
And, the conversion is $40
Now, apply these values to the above formula
So, the value would be equals to
= $5,000,000 ÷ $40
= 125,000
The time period and rate of debentures is irrelevant, Thus, it is ignored.
Hence, the 125,000 shares of common stock would be issued.
