Use the Table for the Question(s)below

question 28

Multiple Choice

Use the table for the question(s) below.
Jeremy founded a company.He issues 200,000 shares of series A stock for his own $100,000 investment.He then goes through three further rounds of investment,as shown below:

-What is the post-money valuation for the series D funding round?

• A)$1.4 million
• B)$1.95 million
• C)$2.025 million
• D)$2.85 million
• E)$3.15 million

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Definitions:

Profit

The profit achieved when the revenue from a business activity surpasses the necessary expenses, costs, and taxes to maintain that activity.

Economic Costs

The total expenses incurred in producing a good or service, including opportunity costs.

Total Revenue

The overall amount of money earned by a business from the sale of its goods or services, calculated as the product of price times quantity sold.

Economic Profits

Profits exceeding the opportunity costs of a firm, representing earnings beyond the breakeven point.