Question 3: When Snow White and the Seven Dwarves started their own apple business, they each contributed equal amounts of capital but did not sign a formal agreement. They all jumped right in and started working on growing their business. Ten years later, Snow White and the Seven Dwarves have formalized their business. They registered their business with the State of Disneyland, and now have 80 shareholders. They purposely limited the number of shareholders their business could have, so they could enjoy the benefits of being taxed like a partnership. 1. Based on the facts presented, what form of business ownership did Snow White and the Seven Dwarves initially form? Why did you select this organization? How would any profits be divided between the owners? 2. Based on the facts presented, what form of business ownership did Snow White and the Seven Dwarves form 10 years later? Why did you select this organization? How would any profits be divided between the owners? Question 6: GoofyDash, a food delivery provider that's seen a surge in demand during the Coronavirus pandemic, just sold shares in its IPO at $200 apiece, pricing above estimates. GoofyDash's offering has it valued at $200 billion, based on outstanding stock. Just like its competitor PlutoEats, the food delivery tech company continues to beat market expectations on revenue and sales. 1. During the Covid-19, how are the five business environments playing a role in the success of Goofy Dash? 2. Based on the price for each stock and the company being valued at $200 billion, how many outstanding shares of stock are there? (Assume all stock is common stock). Question 1: Daisy Duck, the owner Daisy's Cosmetics, has decided to sell a majority stake in her popular cosmetics line for $600 million. Daisy plans to sell 51% of her stake in Daisy's Cosmetics to Disney Beauty Inc. (DBI), a Disney-based cosmetics company that also owns several international consumer beauty brands from all over the world. DBI said the transaction is a "key milestone" for the company. DBI's stock jumped 10% at the announcement of its acquisition of Daisy's Cosmetics. The deal also helps the company position itself for the future, as younger shoppers are increasingly buying their products online. Currently, Daisy's Cosmetics can only be purchased online. 1. Why might the acquisition of Daisy's Cosmetics help the Daisy's Cosmetics brand expand globally and enter new markets? 2. How does DBI taking a 51% interest in Daisy's Cosmetics help Daisy's cash flow more than if she did debt financing? 3. Name two business environments and explain how these business environments may have influenced DBI's decision to purchase Daisy's Cosmetics. 4. Provide some reasons why DBI's stock jumped 10% at the announcement of its acquisition of Daisy's Cosmetics