Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

and 65 inches The two engineers are the CEO and the CTO ( Chief Technology Officer ) . You are the CEO , but are

image text in transcribed
image text in transcribed
and 65 inches The two engineers are the CEO and the CTO ( Chief Technology Officer ) . You are the CEO , but are functioning as the Chief Operating Officer ( COO ) . You have been informed that the first production run will be ready for inspection during the first week of April You gather all the stakeholders in the company , including the private equity investor for a " meet - and - greet " on a late Friday afternoon . A cable feed is attached to the screens and they work flawlessly You are no expert , but the screens appear to offer a clarity of color and image that you have never seen befor e . Everyone leaves really happy feeling certain that the Walmart order can be filled which will propel the company to a new and much higher valuation The Saturday AM . Phone Call Saturday morning fairly early , you get a phone call from the CTO . He does all of the talking And here is how it goes We have a major production issue with the screens , Though the prototypes seem pretty good , in production , We cannot achieve 9,060 pixels . It is more like 7060 pixels , which is essentially the BK standard Walmart wants us to box up a screen and send it to their testing lah So does the U.S Government as they are considering giving us a very big order for the screens . We can send them the prototypes , which will test well but if they ask for a production model we will fail the test . In addition , our investor is anxious to see these test results and was kidding me by saying Anything less than 8500 pixels and I sue you guys " Our CEO is frantic and he asked me to not speak to anyone , but I felt I should warn you As the CFO you are out raising another $ 5 090 090 in investor capital , which will be critical to market the finished product throughout the world after the Walmart and US Government success You are asking for the funds to be invested at a $ 50 090 609 post money valuation . You , the CEO and the CTO each own 20% of the company Completion of this round and deployment of those funds to drive product revenue creates a great deal of personal wealth for the three of you The only question that you ask the CTO is " Can people tell that this screen does not measure up in the pixel count ? His answer was quick and decisive ... " Only in a lab or with scientific measuring quipment What do you do

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

The Changing Geography Of Banking And Finance

Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro

1st Edition

1441947205, 978-1441947208

Students also viewed these Finance questions