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2 years ago

10

Tyreek pitches four investors. They agree to each invest $25,000 and value Tyreek's company at 200,000. How much of the company

will Tyreek still own after the investment?
a) 41%
b) 45%
c) 50%
d) 56%

2 answers:

kifflom [539]2 years ago

8 0

Answer: 50%

Explanation: is the right answer

disa [49]2 years ago

6 0

Answer:

50%

Explanation:

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What is Seth gordins overall message to marketers?

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“making things better, by making better things”

Explanation:

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2 years ago

Harper, Inc., acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2020, for $347,200 in cash. Th

Goshia [24]

Answer:

Kinman Company 272,000 debit

Royalties Kinman Co 54,000 debit

Building Kinman Co 21,200 debit

Cash 347,200 credit

--to record the purchase--

sales revenue 9,960 debit

account receivables 9,960 credit

inventory 6,972 debit

cost of goods sold 6,972 credit

--to record the unsold part of the inventory in Kinman--

Cash 6,000 debit

Kinman Company 6,000 credit

-- to record dividends--

loss on investment 18,240 debit

retained earnings 9,680 debit

Kinman Company 27,920 credit

--to record net loss of Kinman--

Explanation:

60% of Kinman Company:

680,000 x 40% = 272,000

Excess in Market value of building:

117,800 - 64,800 = 53,000

53,000 x 40% = 21,200

Royalty agreement market value: 135,000

135,000 x 40% = 54,000

Total Value:

272,000 + 21,200 + 54,000 = 347,200

now, we must "unrecord" the unsold part of the inventory of Kinman as it is now considered a intra-entity transaction.

<u><em>Sales Revenue:</em></u>

24,900 x 40% = 9,960

<em><u>Cost of Good Sold:</u></em>

77,700 x 24,900/111,000 x 40% = 6,972

Dividends: they are not considered gain but a distribution of cash from Kinman to us.

15,000 x 40% = 6,000

Losses impact the equity thus, decrease the Kinman Company account

45,600 + 24,200 = 69,800

69,800 x 40% = 27,920

The comprehensive loss will directly decrease retained earnigns rather a loss directly.

45,600 x 40% = 18,240

24,200 x 40% = 9,680

The rest of the transactions occurs in 2021 and we are only asked for 2019/2020

4 0

2 years ago

The following information is taken from the income statement of Olympic, Inc.: Depreciation Expense $ 90,000 Amortization Expens

Lina20 [59]

Answer:

The correct option is D,$402,000.

Explanation:

In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization were deducted in income statement,for cash flow purposes we need to add both to net income.

Net income $315,000

add depreciation $90,000

amortization $15,000

loss on sale of equipment $9,000

less gain on sale of building($27000)

Cash flow from operations $402,000

The cash flow from operating activities as adjusted is $402,000.

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2 years ago

Lancaster bakery has net fixed assets of $329,700, current assets of $87,200, a price-earnings ratio of 12.8, a debt-equity rati

Verizon [17]

Market to book ratio is the ration of market price per share divided by the book value per share, it can be mathematically expressed as below:

Market to Book Value= $\frac{Market Value Per Share}{Book Value Per Share}$

In this problem the first step is to find Market Value per share

PE Ratio is given by the following formula:

PE Ratio= $\frac{Market Price Per Share }{Earning Per Share}$

12.8= $\frac{Market Price Per Share }{1.97}$

Market Price Per Share=$25.216

We now find Book Value Per Share, Book Value is nothing but the Equity Value of the Organization, In the given problem, we don't have this information, but we have total assets, which amounts to $416900($329700+$87200). Using Debt Ratio we can find book value per share as below:

Lets assume Shareholders Equity is x, Thus total liability will be Total Assets-x

Debt Equity Ratio is given as below:

Debt Equity Ratio= $\frac{Total Liabilities}{Equity}$

0.42= $\frac{416900-x}{x}$

x=$293592

Book Value per share=$293592/36000

Book Value per Share=8.155

Market to book value=25.216/8.15533

Market to book value ratio= 3.09

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2 years ago

A formula is a math equation used in a spreadsheet....... true or false

lisabon 2012 [21]

True, you can use a formula in Excel spreadsheet!

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3 years ago

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