Question
Tigers Incorporated started a new business on January 1, 2021. That same day, Tigers Incorporated also received $120,000 of cash from issuing common stock and
Tigers Incorporated started a new business on January 1, 2021. That same day, Tigers Incorporated also received $120,000 of cash from issuing common stock and borrowed $90,000 from a friend. On January 1, 2021 Tigers Incorporated also purchased equipment for $50,400. The equipment has a useful life of 36 months. On January 1, 2021, Tigers also paid $81,600 of cash to rent office space for a 48 month period. During 2021, the Company provided services valued at $12,600 and had collected 7,560 of that amount year end. the company will collect the remaining portion in the following year. Payroll for 2021 was 4,700 paid in full in 2021. what is the companys valuation at the end of 2021 if they use a revenue multiplier of 3.3 to the value of the company
Step 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