subject
Business, 03.09.2019 17:10 NateTheBeast12

Lanni products is a start-up computer software development firm. it currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by lanni's owners.• lanni takes out a bank loan. it receives $50,000 in cash and signs a note promising to pay back the loan over three years.• lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.• lanni sells the software product to microsoft, which will market it to the public under the microsoft name. lanni accepts payment in the form of 5,000 shares of microsoft stock.• lanni sells the shares of stock for $25 per share and uses part of the proceeds to pay off the bank loan. a-1. prepare its balance sheet just after it gets the bank loan. assets liabilities & shareholders' equitycash $ bank loan $ computers shareholders' equitytotal $ total $ a-2. what is the ratio of real assets to total assets? (round your answer to 1 decimal place.)b-1. prepare the balance sheet after lanni spends the $70,000 to develop its software product. assets liabilities & shareholders' equitysoftware product: $ bank loan: $ computers: $ shareholders' equity: $total $ total $ b-2. what is the ratio of real assets to total assets? c-1. prepare the balance sheet after lanni accepts the payment of shares from microsoft. assets: liabilities & shareholders' equity: microsoft shares: $ bank loan: $ computers: shareholders' equity: total $ total $ c-2. what is the ratio of real assets to total assets? (round your answer to 1 decimal place.)

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 21:20
Which of the following best explains why large companies pay less for goods from wholesalers? a. large companies are able to pay for the goods they purchase in cash. b. large companies are able to increase the efficiency of wholesale production. c. large companies can buy all or most of a wholesaler's stock. d. large companies have better-paid employees who are better negotiators.
Answers: 2
question
Business, 22.06.2019 23:00
The five steps to financial success a. five money myths b. five foundations
Answers: 1
question
Business, 23.06.2019 00:00
Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.
Answers: 1
question
Business, 23.06.2019 12:30
You’ve decided to buy a new computer that costs $1,500. but best buy will let you take the computer home without making paying the full price immediately. rather, best buy will let you pay $500 now, and $500 at the end of each of the next two years. if the interest rate is 5%, how much do you need today to make sure you can make all the payments to best buy?
Answers: 1
You know the right answer?
Lanni products is a start-up computer software development firm. it currently owns computer equipmen...
Questions
question
Biology, 18.08.2021 17:50
question
History, 18.08.2021 17:50
question
Mathematics, 18.08.2021 17:50
question
Mathematics, 18.08.2021 17:50
Questions on the website: 13722367