FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investor on the Shark Tank has offered an entrepreneur a deal for his company. Part of the deal is the investor wants a royalty

image text in transcribed

An investor on the Shark Tank has offered an entrepreneur a deal for his company. Part of the deal is the investor wants a royalty on his investment. The investor will lend the entrepreneur $205,101.00 but wants $1.99 per unit sold. The entrepreneur expects to sell 25,710.00 units per year each year going forward. What is the payback for the investor? Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Creative Cash Flow Reporting Uncovering Sustainable Financial Performance

Creative Cash Flow Reporting Uncovering Sustainable Financial Performance

Authors: Charles W. Mulford, Eugene E. Comiskey

1st Edition

0471469181, 978-0471469186

More Books

Students also viewed these Finance questions

Question

★★★★★
The Zeescore Corporation pays an annual dividend of $2 per share. On Wednesday it closed at $61 per share with a net change of 0.85. The dividend remained at $2 for a year. a. What was the yield on...

Answered: 1 week ago

Question

★★★★★
A volcano launches a lava bomb straight upward with an initial speed of 28 m/s. Taking upward to be the positive direction, find the speed and direction of motion of the lava bomb (a) 2.0 seconds (b)...

Answered: 1 week ago

Question

★★★★★
Is the deregulation movement consistent or inconsistent with the capture theory of economic regulation?

Answered: 1 week ago

Question

★★★★★
An analysis of the transactions made by Arthur Cooper & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,800 for salaries and...

Answered: 1 week ago

Question

★★★★★
An investor on the Shark Tank has offered an entrepreneur a deal for his company. Part of the deal is the investor wants a royalty on his investment. The investor will lend the entrepreneur...

Answered: 1 week ago

Question

★★★★★
QUESTION TWO [25] Getaway (Pty) Ltd manufactures rubber balls. The following costs were incurred during August 2019: Rubber R10 per kg Factory worker R30 per hour Rental of building R16 000 per month...

Answered: 1 week ago

Question

★★★★★
The following script fictionalizes a conversation between a front desk clerk, a guest, and a housekeeper. Several students should act the roles; the remaining students should observe and analyze the...

Answered: 1 week ago

Question

★★★★★
Ross Co. is an oil and gas company located in the Western United States. Ross follows U.S. GAAP in recording and reporting its financial transactions and has a year-end of 12/31. During the fiscal...

Answered: 1 week ago

Question

★★★★★
T1. On December 31, 2022, Wuycik engaged in an exchange of buildings with AAA Co. The following information pertains to the building each company owned immediately before the exchange: Building cost...

Answered: 1 week ago

Question

★★★★★
The income statement, balance sheets, and additional information for Video Phones, Incorporated, are provided. Net sales Expenses: VIDEO PHONES, INCORPORATED Income Statement For the Year Ended...

Answered: 1 week ago

Question

★★★★★
Using Z-transform, find the total response of an LTID system specified by the linear difference equation: yn+2] 3yn+1]+2y[n] = 3x[n+2] 2x [n+1], if the initial conditions are y[-1] = 2, y[-2]=1, and...

Answered: 1 week ago

Previous Question Next Question