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%

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

See More Books

Question Posted: Apr 30, 2018 12:21 AM

See More Questions

Jessica began a day care business three years ago and has worked hard to make it successful. She originally invested $4,000 of her own money and borrowed $10,000 from the bank to start her business....
Marlene opens an outdoor sports complex that features batting cages, miniature golf, and a driving range. She invests $100,000 of her own money and borrows $750,000 from her bank. She uses $475,000...
Celine opens a jewelry store during the current year. She invests $20,000 of her own money and receives a nonrecourse bank loan of $80,000. During the current year, the store has a loss of $24,000....
Again review information about your own university. Create generalization/specialization hierarchies using the domain model class diagram notation for (1) Types of faculty, (2) Types of students, (3)...
On December 31, 2014, Iva Majoli Company borrowed $62,092 from Paris Bank, signing a 5-year, $100,000 zero-interest-bearing note. The note was issued to yield 10% interest. Unfortunately, during...
Find parametric equations for the lines. The line through P(-2, 0, 3) and Q(3, 5, -2)
Android Wear is a new category of wearable computing devices that link to Android smartphones. How quickly do you think these products will diffuse among the U.S. population? Describe the types of...
1. To compute the price elasticity of demand, we divide the percentage change in_______ by the percentage change in _______and then take the _______value of the ratio. 2. If a 10 percent increase in...
Smoky Mountain Corporation makes two types of hiking bootsthe Xtreme and the Pathfinder. Data concerning these two product lines appear below: Selling price per unit Direct materials per unit Direct...
Describe the various types of transmission media.
Which is the first monetary value listed on a hospitality businesss income statement? a. Revenue b. Expenses c. Profits d. Taxes collected
What are the two expenses, listed on the income statement, that make up a restaurants prime costs? a. Cost of sales and cost of labor b. Cost of sales and occupancy costs c. Occupancy costs and cost...
Provide examples of how you might upcycle in your daily life.
Lazlo s estimates uncollectible accounts to be 0 . 9 % of sales. Its year - end unadjusted trial balance shows Accounts Receivable of $ 1 1 2 , 5 0 0 and sales of $ 9 6 5 , 0 0 0 . If Lazlo s uses...
Identify one or two of the best and one or two of the worst work teams on which you served as a member. 1. Identify the top three to five factors that made the team the best or the worst in terms of...
ColorCoder is a HousePaint Shop which supplies currently two types of house paints, namely, alpha and beta house paints. The shop is planning to sell a primer (paint base) and the needed paint...
which department adds value to a product or service that is observable by a customer?
Using Figure 14.1, answer the following questions: a. What was the settle price for July 2022 coffee futures on this date? What is the total dollar value of this contract at the close of trading for...
Listed are the 46 U.S. presidents and their age as they began their terms in office. Use a statistical software package such as Excel or Minitab to help answer the following questions.a. Determine...
Explain what is meant by vicarious liability and when it is available?
Calculating Plantwide Predetermined Overhead Rate. Manufacturing overhead costs totaling $5,000,000 are expected for this coming year. The company also expects to use 100,000 direct labor hours and...
Manufacturing overhead costs totaling $500,000 are expected for this coming year$200,000 in the Assembly department and $300,000 in the Finishing department. The Assembly department expects to use...
Describe the four categories related to the costs of quality. How might the allocation of quality costs to these four categories help managers?
Discuss American History
Your firm has developed a new lithium ion battery polymer that could enhance the performance of lithion ion batteries. These batteries have applications in many markets including cellphones, laptops,...
Need help analyzing statistical data 1. ANOVA) True or false: If we assume a 95% confidence level, there is a significant difference in performance generally across all groups. 2. (t-test) True or...

A chef invests $40,000 of her own money, and $160,000 borrowed for a bank, to open her

Question:

Step by Step Answer:

Managerial Accounting for the Hospitality Industry

Students also viewed these Business questions