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Question

Prepare a business memo in Word addressed to Mark Zuckerberg discussing the following: 1. AccountBook obtains a $500,000 loan and Mark Zuckerberg contributes $250,000 of his own assets in exchange for common stock in the new company. a. What is the new company s total amount of liabilities plus equity? b. What is the new company s total amount of assets? 2. If the new company earns $80,000 in net income in the first year of operation, compute its return on asset (assume average assets equal $750,000). Assess its performance if competitors average a 10% return.