1. Accel partners is a venture capital fund. In 2008 they invested $10 million in Facebook for 1% of the company. What is the pre-money valuation of the deal? A) $0.1 million B) $10 million C) $990 million D) $1,000 million **Please show how you got the answer
2. Travis invested $3,000 in an account that pays 6.7 percent simple interest. How much more could he have earned over a 11-year period if the interest had compounded annually?
3. Calculate net income based on the following information. Sales are $250, cost of goods sold is $100, depreciation expense is $35, interest paid is $30, and the tax rate is 34%.