Three years ago, you founded your own company. You invested $120,000 of your own money and received 6.0 million shares of Series A preferred stock. Your company has since been through three additional. rounds of financing. Series B Series C Series D Round Price (S) 0.55 3.00 3.00 Number of Shares 1,000,000 650,000 600,000 Assuming that you own only the Series A preferred stock (and that each share of all series of preferred stock is convertible into one share of common stock), what percentage of the firm do you own after the last funding round? After the last funding round, you will own %. (Round to one decimal place.) C

Three years ago, you founded your own company. You invested $120,000 of your own money and received 6.0 million shares of Series A preferred stock. Your company has since been through three additional. rounds of financing. Series B Series C Series D Round Price (S) 0.55 3.00 3.00 Number of Shares 1,000,000 650,000 600,000 Assuming that you own only the Series A preferred stock (and that each share of all series of preferred stock is convertible into one share of common stock), what percentage of the firm do you own after the last funding round? After the last funding round, you will own %. (Round to one decimal place.) C

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 8PB: Tent Tarp Corporation is a manufacturer of outdoor camping equipment. The company was incorporated...

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Tent Tarp Corporation is a manufacturer of outdoor camping equipment. The company was incorporated ten years ago. It is authorized to issue 50,000 shares of $10 par value 5% preferred stock. It is also authorized to issue 500,000 shares of $1 par value common stock. It has issued 5,000 common shares and 2,000 of the preferred shares. The corporation has never declared a dividend and the preferred shares are one years in arrears. Tent Tarp has the following transactions: Journalize these transactions. For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the split
EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.
Comprehensive Young Corporation has been operating successfully for several years. It is authorized to issue 24,000 shares of no-par common stock and 6,000 shares of 8%, 100 par preferred stock. The Contributed Capital section of its January 1, 2019, balance sheet is as follows: Part a. A shareholder has raised the following questions: 1. What is the legal capital of the corporation? 2. At what average price per share has the preferred stock been issued? 3. How many shares of common stock have been issued (the common stock has been issued at an average price of 23 per share)? Part b. The company engaged in the following transactions in 2019: Required: 1. Answer the questions in Part a. 2. Prepare journal entries to record the transactions in Part b. 3. Prepare the Contributed Capital section of Youngs December 31, 2016, balance sheet.
Aggregate Mining Corporation was incorporated five years ago. It is authorized to issue 500,000 shares of $100 par value 8% cumulative preferred stock. It is also authorized to issue 750,000 shares of $6 par value common stock. It has issued 50,000 of the common shares and 1,000 of the cumulative preferred shares. The corporation has never declared a dividend and the preferred shares are one years in arrears. Aggregate Mining has the following transactions this year: Journalize these transactions. For the stock split, show the calculation for how many shares are outstanding after the split and the par value per share after the split
Assume that when you were in high school you saved $1,000 to invest for your college education.You purchased 200 shares of Smiley Incorporated, a small but profitable company. Over the threeyears that you have owned the stock, the corporation’s board of directors have taken the followingactions:1. Declared a 2-for-1 stock split.2. Declared a 20 percent stock dividend.3. Declared a 3-for-1 stock split.The current price of the stock is $12 per share.a. Calculate the current number of shares and the market value of your investment.b. Explain the likely reason the board of directors of the company has not declared a cash dividend.c. State your opinion as to whether or not you would have been better off if the board of directorshad declared a cash dividend instead of the stock dividend and stock splits.
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You purchased 4,300 common shares of Sunland Transportation Inc. and you are about to receive your share of Sunland's total expected dividend of $1,656,100. Along with 430,000 common shares outstanding the company also has 64,500 issued and outstanding $7.00 dividend, cumulative Class A preferred shares and 43,300 issued and outstanding, $2.00 dividend non-cumulative Class B preferred shares. Dividends on the Class A preferred shares are one year in arrears What is the amount of dividend you would expect to receive for the 4,300 common shares you own of Sunland Transportation Inc.? (Round common dividends per share to 2 decimal places, e.g. 5.25 and final answer to O decimal places, eg. 125) Dividend on 4,300 common shares $__________
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If Sharon Jacobs of the previous problem (I have posted the previous problem below.) is also a founder of the company and has retained 8 million shares of its stock, how much of a difference will the auditor's decision make in her personal wealth outside of the stock option? Read Business Analysis Case 3. Henderson Industries Inc.'s stock is currently selling at $22.40 per share. Sharon Jacobs, the CEO, has options to buy 250,000 shares at $25.50 per share that expire at the end of the year. Sharon feels that if the traditional accounting method is used, implementing the deferred payment sales program will push the stock's price about halfway toward the level it was at two years ago which was about $43. (That method recognizes the entire price and cost of a sold item on the income statement at the time of sale.) If the installment sales technique is used, the price of the stock will probably be unchanged but may even go down a little. How much will Sharon make on her stock option i…
On January 1, 2023, Monty Corp. had 206,000 common shares outstanding. On April 1, 2023, 20,600 common shares were issued and on September 1, 2023, Bernard bought back 30,600 treasury shares. The market price of the common shares averaged $50 during 2023. The corporation’s income tax rate is 40%.During 2023, there were 30,600 call options to buy common shares at $40 a share outstanding; and there were 20,600, $8, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares.During 2022, the corporation had issued $1,910,000 of 7% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares.The corporation reported $780,000 net income for calendar 2023. Post answers in table below Security Net Income Adjustemt Adjusted Net Income Shares Adjustment Adjusted Shares EPS Comon Shares Options Preferred Shares Bonds
Hootie and the Blowfish have net income of $1,000,000. They pay preferred dividends of 100,000 during the year and have 200,000 in income attributable to non-controlling interests. They have 10,000 shares outstanding at the beginning of the year and issue 2,000 shares on April 1 and buy back 8,000 treasury shares at a cost of $10 a piece on October 1. What is Hootie's EPS?
Lara’s Inc. is currently an unlevered firm with 450,000 shares of stock outstanding, with a market price of $15 a share. The company has earnings before interest and taxes of $314,000. Lara's met with his bankers, Warne Incorporated and agreed to borrow $825,000, at 5 percent. You are an ardent investor and you currently own 20,000 shares of Lara's stock. If you seek to unlevered your position; how many shares of Lara's stock will you continue to own, if you can loan out funds at 5 percent interest? Ignore taxes in your deliberations. Kindly show all workings