Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 10, 2021

You founded a company 3 years ago. You put in $238 to fund the operations in the beginning and issued 238 shares to yourself. Your

You founded a company 3 years ago. You put in $238 to fund the operations in the beginning and issued 238 shares to yourself. Your parents bought 172 shares in the company for $315 later.

You are now negotiating with a VC that wants to invest $1,380 in exchange for 459 shares in your company.

If you decide to accept the VC's offer, what is the post-money valuation of the company?

Step by Step Solution

★★★★★

3.45 Rating (164 Votes )

There are 3 Steps involved in it

Step: 1

Per share value issued by VC 1380459 30065 So Post money valuat... 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

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

Microeconomics An Intuitive Approach with Calculus

Authors: Thomas Nechyba

1st edition

538453257, 978-0538453257

More Books

Students also viewed these Economics questions

Question

★★★★★

Harry and Silvia, a married couple, are both age 67 and legally blind. What is their standard deduction for 2016?

Answered: 1 week ago

Question

★★★★★

A potential client wants to know if Social Security benefits are included in his gross income for tax purposes. Other than the amount of the Social Security benefits and excluded foreign income, what...

Answered: 1 week ago

Question

★★★★★

In its first year, Joe's Start-Up Company had revenues of $125,000 and cost of goods sold of $81,250, which was the only variable cost. Depreciation was $20,000, and cash costs were $5,000 in...

Answered: 1 week ago

Question

★★★★★

The stockholders' equity accounts of Marya Corporation on January 1, 2014, were as follows. Preferred Stock (9%, $100 par, cumulative, 5,000 shares authorized) ...$300,000 Common Stock ($3 stated...

Answered: 1 week ago

Question

★★★★★

Find Elizabeth Herrington's debt-to-income ratio if her fixed monthly expenses are $1,236 and her gross monthly income is $4,194?

Answered: 1 week ago

Question

★★★★★

Hal Thomas wants to establish a savings fund from which a community organization could draw $800 a year for 20 years. If the account earns 6 percent, what amount would he have to deposit now to...

Answered: 1 week ago

Question

★★★★★

6.81 No Shows, again An airline finds that 5% of the persons making reservations on a certain flight will not show up for the flight. If the airline sells 160 tickets for a flight that has only 155...

Answered: 1 week ago

Question

★★★★★

On January 13, 2010, Silverio Oil Company purchased a drilling truck for $45,000. Silverio expects the truck to last five years or 200,000 miles with an estimated residual value of $7,500 at the end...

Answered: 1 week ago

Question

★★★★★

QUESTION 27 Ron issues a draft telling Bob to pay $1,000 to the order of Pete on July 10, 2020. If Pete wants to have the draft "accepted" on May 28, 2020, what should he do on that date? a. Ask Ron...

Answered: 1 week ago

Question

★★★★★

A machine was purchased on 2nd July 2016 for $1,200,000. It was traded in for new one whose price was $1,000,000 on 2nd June 2020 and the company paid $300,000 for this exchange. The policy of the...

Answered: 1 week ago

Question

★★★★★

The income statement of Novak Corp. is presented here. Novak Corp. Income Statement For the Year Ended November 30, 2022 Sales revenue $7.445,200 Cost of goods sold Beginning inventory $2,002,700...

Answered: 1 week ago

Question

★★★★★

Take a few moments to write down all the ways people could get hurt at work. Then categorize them into the following categories in table/chart: Chemical Biological Physical Ergonomics Psychosocial

Answered: 1 week ago

Question

★★★★★

An analysis of transactions for Blossom Company, a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Assets...

Answered: 1 week ago

Question

★★★★★

Your (all equity) firm sells 35,000,000 units at $2.30 per unit, the variable cost per unit is $1.84, and fixed costs are $6,500,000, giving your firm a DOL of 1.6771. The firm faces a tax rate of 40...

Answered: 1 week ago

Question

★★★★★

Janumadn cinta paE A single-phase circuit has a voltage of 120 V and a current of 5 A. If the power factor is 0.6 lagging, calculate the apparent power. Please indicate the name of power for what we...

Answered: 1 week ago

Question

★★★★★

You, CPA, work as an analyst for Glo Inc., a publicly traded and rapidly growing cosmetic company. Glo's products retail at a popular beauty store chain across Canada. Recently, Glo has been...

Answered: 1 week ago

Question

★★★★★

need assistance with this problem Calculating the Fale Value of Debt The Longo Corporation se samo naturty dle innotes carrying a coupon rate of 2 with interes passentamoly. At the time of the note...

Answered: 1 week ago

Question

★★★★★

Determine by direct integration the values of x for the two volumes obtained by passing a vertical cutting plane through the given shape of Fig. 5.21. The cutting plane is parallel to the base of the...

Answered: 1 week ago

Question

★★★★★

Through the income tax code, governments typically tax most interest incomebut, through a variety of retirement programs, they often subsidize at least some types of interest income. A. Suppose all...

Answered: 1 week ago

Question

★★★★★

In Chapter 23, we discussed first, second and third degree price discrimination by a monopolist. Such pricing decisions are strategic choices that can be modeled using game theory which we proceed...

Answered: 1 week ago

Question

★★★★★

Regulating Market Power in the Commons: In exercises 21.9 and 21.10, we investigated the case of many firms emitting pollution into a lake. We assumed the only impact of this pollution was to raise...

Answered: 1 week ago

Question

★★★★★

First USA, a major credit card company, is planning a new offer for their current cardholders. The offer will give double airline miles on purchases for the next 6 months if the cardholder goes...

Answered: 1 week ago

Question

★★★★★

St. Norbert's College in Green Bay, Wisconsin, and Wisconsin Public Radio conduct an annual poll of Wisconsinites about political opinions. The Fall 2011 survey asked a random sample of 402 adult...

Answered: 1 week ago

Question

★★★★★

As in Exercise 37, we hope to estimate the percentage of adults aged 25 to 30 who never graduated from high school. What sample size would allow us to increase our confidence level to 95% while...

Answered: 1 week ago

Previous Question Next Question