FREE Trial

Gopu underwrites the new issue of 4,000 Preference shares of Rs.100 each at a premium of 10% of K.R. Ltd.

Question:

Gopu underwrites the new issue of 4,000 Preference shares of Rs.100 each at a premium of 10% of K.R. Ltd. The underwriting commission was payable as per the maximum rate allowed by law. The Public subscribed for 1,600 shares and the rest had to be taken by the underwriter. Calculate the commission payable to Gopu.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 100% (1 review)

To calculate the …View the full answer


answer-question
Answered By
tutor-profile-image
Deepak Sharma
I have extensive experience working as a freelance academic writer for over ten years, and I am familiar with the majority of referencing methods used in academia (APA, MLA & Harvard). Producing top-notch papers is my area of expertise. You can put your faith in me as a current master's student and anticipate top-notch outcomes with your academic papers. My top priority are to produce 100% original work, superior work, client student work, and work on schedule. I speak English with ease, which enables me to write outstanding papers, and I also have strong communication abilities. A meeting with you is something I'm looking forward to, but what's more important is creating something that will satisfy us both. Cheers! In advance, I appreciate it.
0.00 0 Reviews 10+ Question Solved
Related Book For  answer-question
Corporate Accounting

Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

See More Books
Question Details
Chapter # 2- UNDERWRITING OF SHARES AND DEBENTURES,,
Section: EXERCISES AND PROBLEMS
Problem: 5
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: August 31, 2023 04:48:16
See More Questions

Students also viewed these Business questions

Q:
1. On January 1, 2018, Tabitha Designs purchased a patent that gave it exclusive rights to manufacture a new type of synthetic clothing for $240,000. Although the patent had a remaining legal life of...
A:
1 Expense related to the patent and equipment in 2021 a Patent The remaining legal life of the patent at the beginning of 2018 was 15 years and Tabith......
Q:
A summary of the statement of financial position of Doxin plc, as at 31 December 20X0, is given below; During 20XI, the company: (i) Issued 200,000 ordinary shares of £1 each at a premium of...
A:
Part a requires students to illustrate the effect on key balance sheet components Part b requires a discussion and evaluation of the effects of applying the Companies Act 1985 capital maintenance rule......
Q:
A company issued for public subscription 40,000 equity shares of Rs. 10 each at a premium of Rs. 2 per share payable as under: On application Rs. 2 per share, on allotment Rs. 5 per share (including...
A:
Click to View...
Q:
When not cooking for Cody and Lucky, Don works part-time as a logistics expert. Don needs to optimize the shipment of plastic plates from the Plants in Miami, St. Louis, and Cleveland to the...
A:
Let Suppose Miami x St Louis y Cleveland z We make three following Constraints from the data which a......
Q:
Minnie owns a qualified annuity that cost $78,000. The annuity is to pay Minnie $650 per month for life after she reaches age 65. Minnie turns 65 on September 28, 2011, and receives her first payment...
A:
a The nontaxable portion of an annuity payment is determined using the annuity exclusion ratio To de......
Q:
Suppose that node B in Fig. 5-20 has just rebooted and has no routing information in its tables. It suddenly needs a route to H. It sends out broadcasts with TTL set to 1, 2, 3, and so on. How many...
A:
Node H is thre......
Q:
A closed and sealed rigid tank contains 11 kg of liquid water at equilibrium with 1.17 kg of vapor at a pressure of 2 bar. The tank is equipped with two alarms: a pressure alarm that will sound if...
A:
Click to View...
Q:
Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 80,000 units of product: net...
A:
a Sales were 2 000 000 and variable expenses were 1 200 000 which means contribution margin was 800......
Q:
1. Construct a Statement of financial position for Den Store Taber Corporation for both 2021 and 2022. In constructing the SFP, please use three columns: The left column should list the relevant...
A:
To construct the Statement of Financial Position SFP and Statement of Profit and Loss for Den Store Taber Corporation for both 2021 and 2022 and to answer the subsequent questions we ll follow the for......
Q:
Arun Ltd. issued 1,00,000 equity shares. The whole of the issue was underwritten as follows: X: 40%; Y: 40%; Z: 20% Applications for 80,000 shares were received in all; out of which, applications for...
A:
To calculate the liability of each underwriter we need to determine the number of shares they have u......
Q:
When commission is payable to the underwriters, underwriters A/c is __________.
A:
Click to View...
Q:
Determine the angular velocity and angular acceleration of the slender bar AB just after roller B passes point C and enters the circular portion of the support surface. R A C L-
A:
The angular velocity and angular acceleration of the slender bar AB just after roller B passes point......
Q:
The diversity of nucleic acids in plant viruses is great. Which class of viruses contain single-stranded RNA? These viruses are the source of which important enzyme (This is the enzyme needed to make...
A:
The class of viruses that contain single stranded RNA is called ssRNA virus......
Q:
When DNA is read by RNA synthase, mRNA is made. What is the name of the enzyme that reads DNA and makes more DNA?
A:
The enzyme responsible for reading DNA and synthesizin......
Q:
There are pieces of DNA that readily change their position from one chromosome to another. These are called.____________________________________________ When one of these moves to a new position, it...
A:
The pieces of DNA that readily change their position from one chromosome to another are called transposable elements or transposons Transposable eleme......
Q:
Corn has been genetically engineered to produce the anti-insect poison of a bacterium Bacillus thuringiensis. What is one benefit of this? What are some of the risks?
A:
Genetically engineering corn to produce the anti insect poison from the bacterium Bacillus thuringiensis Bt has both benefits and risks Benefits Reduc......
Q:
If mRNA is extracted from a plant and mixed with reverse transcriptase, what is the name of the DNA that is produced? If it was synthesized with radioactive nucleotides, what can be done with it?
A:
When mRNA is extracted from a plant and mixed with reverse transcriptase the resulting DNA is called......
Q:
(a) How much work must a Carnet refrigerator do on a hot day to transfer 1000 J of heat from its interior at l0C to the outside air at 35.0C? (b) How much work must the same refrigerator do to...
A:
Tcc W Q Qc IDENTIFY For a Carnot device TH SET UP Q 1000 J 10 0C 283 1 K 35 0C 308 1......
Q:
Provide examples of a situations in which environmental disruptions affected consumer attitudes and buying behaviors.
A:
Peoples physical technological and health circumstances impact what they buy where and how they sho......
Contemporary Financial Management 13th edition - ISBN: 1285198840 - Free Book