Answer:
Zhang Yiming
Zhang Yiming built a $16.2 billion fortune after founding ByteDance, the Chinese software developer behind TikTok. Despite being one of the wealthiest people in China, Zhang is extremely private and little is known about his personal life.Aug 5, 2020
Explanation:
The best describes a leveraged buyout fund's acquisitions is Investing in mid-sized businesses.
Explanation:
A leveraged buy (LBO) is a takeover of another company which is spending a substantial amount of money to offset the acquisition cost. In addition to the acquired company's assets, assets are often used as collateral for the loans.
One of the largest LBOs reported in 2006 was Kohlberg Kravis Roberts & Co. (KKR), Bain & Co., and Merrill Lynch's takeover of Hospital Corporation of America (HCA).
In leveraged buy-outs (LBOs), the ratio of debt to equity is usually 90% to 10%.
Answer:
$458,822
Explanation:
The formula to compute the future value is shown below:
Future value = Amount (1+i)^n -1 ÷ i)
where,
Interest rate = 8% ÷ 12 months = 0.6666%
And, the number of months = 35 years × 12 months = 420
Now put this value to the above formula
F = $100 × (1 + 0.6666%)^420 - 1 ÷ 0.6666%
After solving this,
the answer would be $458,822
Answer:
b. Materials 190,000 Accounts Payable 190,000
Explanation:
Materials may either be purchased on credit or by cash, When materials are purchased on credit, such materials are said to have been purchased on accounts.
The entries for cash purchases are ;
Debit Supplies/Inventory account
Credit Cash account
However, when the purchase is done on account, the credit entry goes to the accounts payable and not cash.
