Snap, a long time privately held corporation, raised $3.4 billion when it sold stock on the New York Stock Exchange for the first time in 2017. Snap is the parent company of Snapchat and sold the stock with the goal of using the funds raised for further development of Snapchat and growing the company into a major player in the social media industry. What kind of sale was this?
a. Secondary market sale
b. Initial public offering
c. Retained earnings
d. Primary market sale
b. Initial public offering
Business
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Oil Field Services has net income of $120,400, total assets of $1,219,000, total equity of $694,100, and total sales of $1,521,700. What is the common-size percentage for the net income
A. 9.00% B. 7.91% C. 15.53% D. 12.10% E. 8.62%
Business
One common approach used by advertising agencies to understand a client's customers is the focus group
Indicate whether the statement is true or false
Business