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3 years ago

10

You are a team of 3 equal share-partners. You have raised $500,000 at a $1 million valuation. How much of your equity have you g

iven up?

1 answer:

Nadusha1986 [10]3 years ago

3 0

Your equity have you given up is
500,000÷3
=166,666.7

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g Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard i

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Answer:

Variable overhead efficiency variance= $110 favorable

Explanation:

Giving the following information:

The quantity standard is 1.4 hours per unit.

The variable overhead rate standard is $11.00 per hour.

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To calculate the variable overhead efficiency variance, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

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Variable overhead efficiency variance= (2,030 - 2,020)*11

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The Sneed Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transac

larisa [96]

Answer:

The answer is D.

Explanation:

Value of cash received is :

10,000 shares x $75

=$750,000

And that's a debit as it is shown in the question because cash was received.

Now the credit side.

Value of preferred stock is $50

So we have:

$50 x 10,000 shares

=$500,000 preferred shares.

Paid-in Capital in Excess of Par ValuePreferred Stock is $25 ($75 -$50)

So the value will be $25 x $10,000

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3 years ago