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BioTekk is a new startup that currently owns lab equipment worth $100,000 and has cash on hand of $50,000 contributed by BioTekk?s owners. a) Prepare
BioTekk is a new startup that currently owns lab equipment worth $100,000 and has cash on hand of $50,000 contributed by BioTekk?s owners. a) Prepare BioTekk?s balance sheet. b) Biotekk takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over five years. Prepare BioTekk?s balance sheet. c) Biotekk uses the cash from the bank plus $50,000 of its own funds to finance the development of a new drug that is subsequently patented. Prepare BioTekk?s balance sheet. d) Botekk sells the patent for $300,000 and the lab equipment for $80,000 and pays off its debt. Prepare BioTekk?s balance sheet. Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $30. a) If a market sell order for 30 shares comes in, how will it be filled? b) If a market buy order for 30 shares comes in, how will it be filled
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