1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
6

You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your company’s assets are $110

,000 plus the idea for your new product. Look back at your restaurant chain venture. Suppose that when you first approach your friendly VC, he decides that your shares are worth only $1.00 each.
a. How many shares will you need to sell to raise the additional $1,370,000?
b. What fraction of the firm will you own after the VC investment? (Round your answer to 1 decimal place.)
Business
1 answer:
Drupady [299]3 years ago
3 0

Answer:

(a) 1,370,000 shares

(b) 42.19%

Explanation:

Given that,

Shares in a restaurant chain venture = 1,000,000 shares

Price of each share = $1.00

(a) To raise the additional $1,370,000:

Shares will you need to sell:

= Additional amount ÷ Price of each share

= $1,370,000 ÷ $1.00

= 1,370,000 shares

(b) No. of Shares After investment:

= Shares need to sell + Shares in a restaurant chain venture

= 1,370,000 + 1,000,000

= 2,370,000 shares

Therefore, the fraction of the firm will you own after the VC investment:

= (Shares in a restaurant chain venture ÷ No. of Shares After investment) × 100

= (1,000,000 ÷ 2,370,000) × 100

= 0.4219 × 100

= 42.19%

You might be interested in
Gail K. Company manufactures waterproof cell phone covers. During the current month, the purchasing manager purchased $26,700 of
Marianna [84]

Answer:

D : $88,800

Explanation:

<u>Cost of goods manufactured :</u>

Direct Material used in production                         $ 21,300

Indirect Material used in production                       $  3,700

Direct Labour                                                           $ 34,100

Direct Labour                                                           $  5,900

Manufacturing overhead                                       <u> $ 16,600 </u>

Total Manufacturing cost                                        $ 75100

Add:Beginning Work in process inventory            $7,200

Less: Ending Work in process inventory                <u>$ 0       </u>

Cost of Goods Manufactured                                 <u>$88,800</u>

6 0
3 years ago
Sales of blank______ began to increase in the early 1970s as many cigarette smokers apparently began to look for alternatives th
antiseptic1488 [7]

(.) Smokeless tobacco products.

<h3>How smoking cigarettes can cause lung cancer?</h3>

According to research, smoking results in cell alterations that lead to lung cancer. Numerous of the hundreds of compounds found in cigarette smoke are carcinogenic. Despite the fact that the human body can frequently detoxify and eliminate carcinogens, when it is unable to do so, residual carcinogens can cause the body's cells to mutate, occasionally resulting in the development of malignant cells. Healthy cells are able to recognize when to stop dividing because the normal cell healing process requires cells to divide continuously until all harm has been fixed. On the other hand, cells that have undergone malignant mutations lose the ability to know when to stop and will continue to divide and expand.

Not every cell mutation results in cancer. But the more smoke a person inhales, the more mutations they'll experience, and the more likely it is that one of those mutations will be malignant. As a result, the chance of developing cancer increases with the length and frequency of a person's smoking. Notably, despite the fact that carcinogens frequently harm lung cells, they can also enter the bloodstream and spread throughout the body, resulting in a variety of cancers.

To know more about cancer visit:-brainly.com/question/14945792

#SPJ4

4 0
1 year ago
Suppose there are 100 million in the labor force, and 6 million unemployed people. During the next month, 200,000 people lose th
laiz [17]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the currently employed people and the unemployment rate:</u>

<u></u>

Employed people= 100,000,000 - 6,000,000= 94,000,000

Unemployment rate= unemployed people / labor force

Unemployment rate= 6,000,000 / 100,000,000

Unemployment rate= 0.06= 6%

<u>Now, the newly employed people and the unemployment rate:</u>

<u></u>

Employed people= 94,000,000 + 300,000 - 200,000

Employed people= 94,100,000

Unemployment rate= 5,900,000 / 100,000,000

Unemployment rate= 0.059 = 5.9%

6 0
3 years ago
Which depict a negative externality? (Select all that apply)
kompoz [17]

Answer:

The corrects answers for this would be A and C.

Explanation:

As you can see, for both a and c, those are the only two answers that have a negative outcome, hence the negative externality.

5 0
3 years ago
Which best describes how governments respond to changes in the business cycle?governments issue more currency.governments refuse
Troyanec [42]

I believe the answer is: Governments reduce spending.


When the government reduce its spending, the government would have more money in their budget to make various programs that can help the struggling economy. They could do this by providing incentives for the unemployed or providing loan programs for citizens who want to open a small business.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Kirstie’s boss asks for input about ways the company can improve its current advertising campaign. However, every time an employ
    12·1 answer
  • Very recently, ink has been developed that will conduct electricity. The application for this ink is to print circuitry that can
    12·1 answer
  • 3) Frito-Lay's gathers daily sales data and sorts it by product line and by region. The marketingmanagers use the data to evalua
    10·1 answer
  • Tinder, the mobile dating app, is competing for market share with Match among college students. In its promotional messages, Tin
    8·1 answer
  • While Influx Electronics Inc. incurs $350 to manufacture a laptop, its competitor, Hearthstone Electronics Inc., incurs $300. Ho
    10·1 answer
  • Dana spends several hours researching prices and online reviews of t-shirts for a school
    14·1 answer
  • Which of the following is a characteristic of a for-profit healthcare facility?
    10·1 answer
  • The first to add me as a friend i will make you brianlyest
    15·1 answer
  • connect academy contracts with states to provide virtual public education. at connect academy, the work groups are divided into
    7·1 answer
  • Which component of marital success is generally ranked highest among adults in the united states? group of answer choices
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!