Simone founded her company using $200,000 of her own money, issuing herself 300,000 shares of stock. An angel investor bought an additional 100,000 shares for $150,000
She now sells another 400,000 shares of stock to a venture capitalist for $2 million. What percentage of the firm does Simone now own?
A) 11%
B) 23%
C) 38%
D) 41%
Answer: C
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Auditors are most likely to use the most rigorous audit procedures to examine:
A. management assertions that are deemed to be of high risk. B. only the rights and obligations assertion. C. management assertions that are deemed to be of low risk. D. routine transactions.
Within the study of ______, there are three types of intrusions: violation, invasion, and contamination.
a. chronemics b. haptics c. environment d. territoriality
Existence of gray markets leads to which of the following outcomes?
A) They make the distribution channel stronger. B) They create a free-rider problem making legitimate distributors' investments in supporting a manufacturer's product less productive. C) Goods sold in grey markets are always counterfeit. D) Goods sold in grey markets come with standard product warranties. E) Taxes imposed on grey market products are very high.
Compare a conventional distribution channel with a vertical marketing system (VMS)
What will be an ideal response?