Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 5 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 10 Jul 2017 My Price 11.00

Inbox Software

7. Inbox Software was founded in 2007. Its founder put up $2 million for 500,000 shares of common stock. Each share had a par value of $.10. a. Construct an equity account (like the one in Table 14.2 ) for Inbox on the day after its founding. Ignore any legal or administrative costs of setting up the company. b. After two years of operation, Inbox generated earnings of $120,000 and paid no dividends. What was the equity account at this point? c. After three years the company sold 1 million additional shares for $5 per share. It earned $250,000 during the year and paid no dividends. What was the equity account?

Answers

Maurice Tutor
(5)
Status NEW Posted 10 Jul 2017 07:07 AM My Price 11.00

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