Question
1. Konlan Duubik is setting up a new business. Before actually selling anything, he bought a van of $13,000, a transportable market stall of $1,050;
1. Konlan Duubik is setting up a new business. Before actually selling anything, he bought a van of $13,000, a transportable market stall of $1,050; a computer for $450; and an inventory of good and still owes $3,000 for them. He borrowed $10,000 from KanmaatBoayang. After the events just described, and before trading , start, he has $14,000 cash in hand and $4,700 in the bank. Calculate the amount of his capital.
2. Feideeb Yamboat is starting a business. Before actually starting to sell anything , he bought fixtures for $1,200, a van for $6,000 and inventory of goods for $2,800. Although he has paid in full for the fixtures and the van, owes $1,600 for some of the inventory. Koo Yadah lent him $2,500. After the above, Feideeb Yamboat has $200 in the business bank account and $175 cash in hand. You are required to calculate his capital.
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