A chef invests $40,000 of her own money, and $160,000 borrowed for a bank, to open her
Question:
A chef invests $40,000 of her own money, and $160,000 borrowed for a bank, to open her new restaurant. What percentage of this chef’s new operation was equity funded?
a. 20%
b. 40%
c. 25%
d. 80%
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Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
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