Lmn securities is the managing underwriter for a new issue of one million mic common shares. lmn has agreed to sell as much stock as possible in the market, and mic has agreed to take back any unsold shares. if mic has not specified a minimum amount of capital for lmn to raise, this is what type of offering?
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Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?
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Lmn securities is the managing underwriter for a new issue of one million mic common shares. lmn has...
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