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Genrish500 [490]
3 years ago
12

Imagine that you have received an overdraft notice on your checking account. Which steps should you take? Sort these options int

o "Actions To Take" and "Actions To Avoid"
-handle the matter quickly

-check my records first

-contact the bank right away

-set the note aside and wait until later
Business
2 answers:
Afina-wow [57]3 years ago
7 0

Answer and explanation:

Some banks provide overdraft options so purchases and charges can go through customers' accounts even if their balance fell below zero. While this might be helpful in front of temporary adverse financial situations, it could result in large debt in the long-run since percentage and fees apply every time there is an overdraft charge in the account.

In such a case, if you receive an overdraft notice the actions to take imply <em>checking your recent records, calling the bank right away to find out more information about the overdrawn charge, if the transaction is correct, and request details of the fees implied</em>. Handling the matter quickly is a must. That is why <em>setting a note aside and wait until later </em>is an action to avoid doing.

attashe74 [19]3 years ago
6 0

Answer:

"Actions To Take"

Check my records first

Contact the bank right away

Handle the matter quickly

"Actions To Avoid"

Set the note aside and wait until later

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A potential investor is seeking to invest $500,000 in a venture, which currently has 1,000,000 million shares held by its founde
Sergeu [11.5K]

Answer:

a, 15%

b, 150,000

c, $ 3.30

d, = $3,333,333.33

e, $3,833,333.33

Explanation:

To solve this,

Note that we have been given a similar venture to compare to our venture.

The total shareholder's equity for the other venture (P) = $10,000,000 and the net income (E) = $1,000,000

Hence, Price/Earnings (P/E) for other venture = 10,000,000/1,000,000 = 10.0

Now for our venture, Earnings in the 5th year = $500,000

Assuming that P/E ratio for both the ventures to be equal, P/500,000 = 10.0

hence, total shareholder's value for our venture = $5,000,000 --------------- (1)

Now the investor invested $500,000 and expected 50% return after 5 years, hence the investor's value after 5 years would be equal to 500,000 * (1+50%) = $750,000 --------------- (2)

Now percent ownership of venture given to investor = (Value of investor's investment after 5 years/total value of all shareholders after 5 years)

Hence, divide (2) by (1)

percent ownership of venture given to investor = 750,000/5,000,000 = 0.15

or 15%

Therefore Answer to part 'a' is = 15%

Part (b) :For the percentage ownership given to new investor = 15%, total number of shares = 1,000,000

Hence, number of shares issued to new investor = 15% x 1,000,000 = 150,000

Hence, answer to part b = 150,000

Part (c): Amount invested by new investor = $500,000 and number of shares issued to him = 150,000

hence issue price of share = Amount invested / Number of shares issued

= 500,000/150,000 = $3.33

Hence, issue price per share = $3.33

Part (d):

The Pre money valuation is the value of the company before any external funding. In this case, the number of shares held with the founders before the new investor = 1,000,000 and the equity price = $3.33

hence, Value of the venture = 3.33 * 1,000,000 = $3,333,333.33

Hence, pre money valuation of the venture = $3,333,333.33

Part (e): Post money valuation of a company is the value of the company after external funding. In this case, investor invests $500,000 to the venture increasing the value of the company by the same amount.

Hence post money valuation = pre money valuation + Investment

= 3,333,333.33 + 500,000

= 3,833,333.33

Hence, post-money valuation of the venture = $3,833,333.33

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Learn more about the journal entries here:-

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