Devine linens (dl) must raise $14,000,000 to support future growth. if it raises the funds by issuing stock, dl must pay an investment banker 5 percent of the total amount issued plus $250,000 in other costs associated with the issue. what is the amount of stock that dl must issue to net $14,000,000 after flotation costs?
a. $14,962,500b. $14,950,000c. $14,737,092d. $15,000,000e. $13,537,500

D. $15,000,000

Explanation:

amount to be raised before 5%cost = $14,000,000 + $250,000

                                                            =$14,250,000

then:

100 - 5 = 95%         ~~     $14,250,000

100%                       ~~      $ 15,000000

Therefore, the amount required to be raised is $15,000,000.

bd = 9 cm

step-by-step explanation:

in a 30°-60°-90° triangle, the ratio of side lengths is 1 : √3 : 2. that is, the longest side (hypotenuse) is twice the length of the shortest side.

all of the triangles in your geometry are 30°-60°-90° triangles. ac is the hypotenuse of δacd, and the short side of δabc.

the short side ad of δacd will be half the length of ac, so 3 cm. the hypotenuse ab of δabc will be twice the length of ac, so 12 cm. segment bd is the difference of the lengths ab and ad, so is

bd = ab -ad

bd = 12 cm - 3 cm = 9 cm

comment on side length ratios

you can figure the ratios of side lengths in a 30°-60°-90° triangle by considering the trig ratios of the angles. or you can figure the length of the altitude of an equilateral triangle of side length 2 using the pythagorean theorem.

answer; standing committee;