Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

A venture capital company buys 400,000 new shares of a start-ups stock for $5.20 million. If the company has 1.7 million shares outstanding prior to

A venture capital company buys 400,000 new shares of a start-ups stock for $5.20 million. If the company has 1.7 million shares outstanding prior to the purchase, what is the companys pre-money value? What is its post-money value?

Note: Do not round intermediate calculations. Enter your answers in millions rounded to 2 decimal places.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operational Auditing An Introduction With Suggested Answers To Discussion Questions

Authors: Darwin J. Casler

1st Edition

0894130978, 978-0894130977

More Books

Students also viewed these Accounting questions

Question

★★★★★

(a) What is an alternating series? (b) Under what conditions does an alternating series converge? (c) If these conditions are satisfied, what can you say about the remainder after terms?

Answered: 1 week ago

Question

★★★★★

Solve the absolute value equation. |3-3x - 2 = 2

Answered: 1 week ago

Question

★★★★★

A kind of anxiety disorder involving social situations in Japan is taijin kyoufushou, a culture-bound disorder involving a different set of symptoms than social anxiety disorder.

Answered: 1 week ago

Question

★★★★★

Vorteck Inc. manufactures snowsuits. Vorteck is considering purchasing a new sewing machine at a cost of $2.5 million. Its existing machine was purchased five years ago at a price of $1.8 million;...

Answered: 1 week ago

Question

★★★★★

A venture capital company buys 400,000 new shares of a start-ups stock for $5.20 million. If the company has 1.7 million shares outstanding prior to the purchase, what is the companys pre-money...

Answered: 1 week ago

Question

★★★★★

Mr. Lion, who is in the 37 percent tax bracket, is the sole shareholder of Toto,Inc., which manufactures greeting cards. Totos average annual net profit (before deduction of Mr. Lions salary) is...

Answered: 1 week ago

Question

★★★★★

As you conduct an in-depth study into Part 139 this week, what strikes you as important or odd? What surprises you? Share with the class your thoughts on whether the regulation is comprehensive...

Answered: 1 week ago

Question

★★★★★

Given the following information, write the equation of a hyperbola. 14. Foci: (0, 8) and (0, -8); Vertices: (0, 7) and (0, -7) 15. Vertices: (6, 0) and (-6, 0); Foci: (61, 0) and (-61, 0) 16. Foci:...

Answered: 1 week ago

Question

★★★★★

Albiote Laboratories has invested in a high-performance centrifuge to treat blood samples received from clinics. In the first step of chemical purification, a technician places test tubes containing...

Answered: 1 week ago

Question

★★★★★

DOO (MA) A-9uga ni hworkz motay? 2.7m] 3.6[m]- ugi A 10 mundillup 2400[N]ot Tsono animated (A B D 2.7[m] E F 4.8[m] Figure-1 1) Determine reaction forces in supports E & F for frame shown in Figure...

Answered: 1 week ago

Question

★★★★★

Question 1 Apply good project management techniques on construction projects. Demonstrate your understanding of the Project Management process by describing the tasks that a Project Manager should...

Answered: 1 week ago

Question

★★★★★

Think of a person with whom you have recently had a disagreement who isnt willing to discuss the situation with you. What might be causing this reluctance? And which technique might best help you...

Answered: 1 week ago

Question

★★★★★

Are there certain people with whom you engage in more challenging strategies than others? Do you engage in conflict with strangers more or less than you do with people who are important to you?

Answered: 1 week ago

Question

★★★★★

1 Is forgiving those who do harm an acceptable outcome for a conflict of this magnitude? Did the reaction of the Amish to their childrens killer and to his family effectively resolve the conflict, or...

Answered: 1 week ago

Previous Question Next Question