1. What’s the Difference Between Angels, VC’s, & Private Equity Firms? Give an example of a successful business today that went through one (or more) of these three methods of financing a startup business.
2. Papa Roach Exterminators, Inc., has sales of $679,000, costs of $335,000, depreciation expense of $46,000, interest expense of $23,000, and a tax rate of 40 percent. If the firm paid out $75,000 in cash dividends. What is the addition to retained earnings?