Chapter 1, Problem 5.3EC

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What is a fair price per share .

What is the balance in Retained Earnings on these financial accounting question?

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Determine the predetermined overhead rate for 2022.

Sin Carter's start-up business is growing rapidly, but he needs $300,000 in additional funding to support continued expansion. Sin and an angel investor agree that the business is currently worth $1,200,000, and the angel investor is willing to invest the $300,000 needed. Sin currently owns all 60,000 shares in his business. What is a fair price per share, and how many additional shares must Sin sell to the angel investor?

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