The initial "chime" sound is generated in software when your Mac passes the Power-On Self Test. If the chime occurs and/or startup continues, your Mac is working. The screen should light up and draw a blank gray screen. Then on to the Disk Drive.
Accessing the Boot drive:
The solid Apple is not in the Mac's ROM at Cold start. The Apple logo can only appear when it is fetched in the first "blob" of software loaded from a 'magic' place on the boot drive, or re-run after a Restart. Then a whole lot of stuff is initialized, and the progress Bar moves part way across. After a cold start, seeing the solid Apple appear says your drive was able to produce the software that contains the Apple logo.
based on that, your Mac is generally working, but has a graphics card issue.