An investor offers $150,000 for 30% of the company. What is the post-money valuation of the company?
a. $350,000
b. $500,000
c. $50,000
d. it cannot be determined
b. $500,000
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In discussing things that remain constant, the chapter refers to caring, concern and competence. Describe three ways to do this as discussed in the chapter
What will be an ideal response?
Which of the following items would appear in the income statement below the others listed?
a. Extraordinary gains and losses b. Restructurings c. Discontinued operations d. Income taxes expense
A transfer should be reported in the operating statement of the General Fund as a(an):
A. Due from or Due to Other Funds. B. Revenue or Expenditure. C. Other Financing Source or Use. D. None of the choices, it is a direct increase or decrease to fund balance.
A fundamental requirement for a negotiable instrument is that it must ________
A) be supplemented with interest upon payment B) be secured with collateral C) contain a drawer, drawee, and a payee D) be in a permanent state