Business, 02.12.2019 22:31 smithmorgan773p35885
Trans world publishing was recently organized as a corporation. the company issued common stock to an attorney who provided legal services worth $ 25 comma 000 to with the incorporation. trans world also issued common stock to an inventor in exchange for her patent with a market value of $ 84 comma 000. in addition, trans world received cash both for the issuance of 4 comma 000 shares of its preferred stock at $ 70 per share and for the issuance of 23 comma 000 of its common shares at $ 3 per share. during the first year of operations, trans world earned net income of $ 72 comma 000 and declared a cash dividend of $ 22 comma 000.
Answers: 1
Business, 22.06.2019 23:20
Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?
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Trans world publishing was recently organized as a corporation. the company issued common stock to a...
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