Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer the following ASAP and show work so I can understand how to do it myself :) : Question 4 0.4 pts Seven (7)
Please answer the following ASAP and show work so I can understand how to do it myself :) :
Question 4 0.4 pts Seven (7) TGM-300 students decided to start Italian Gelato business on campus. Each contributed $1,000 in exchange for 1 million shares in the newly formed company. 3 million shares were allocated to Thunderbird School of Global Management. In one year, a group of local Angel Investors expressed interest in participating and paid $200,000 for additionally issued 2 million shares. What is the new % of ownership for each student? 0.05% 8.33% 10% O 11.1% Question 5 0.4 pts Seven (7) TGM-300 students decided to start Italian Gelato business on campus. Each contributed $1,000 in exchange for 1 million shares in the newly formed company. 3 million shares were allocated to Thunderbird School of Global Management. In one year, a group of local Angel Investors expressed interest in participating and paid $200,000 for additionally issued 2 million shares. What is the total value of the company? $207,000 $210,000 O $1,000,000 $1,200,000Step 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