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Question 12 --15 Mr Blond is starting a business. Before actually starting to sell anything, he bought IT equipment for 4,800, a van for 8,000
Question 12 --15 Mr Blond is starting a business. Before actually starting to sell anything, he bought IT equipment for 4,800, a van for 8,000 and inventory for 3,200. He has paid for the IT equipment in full but he has a acquired a loan for the full value of the van. He still owes 2,400 for the inventory. He has 200 cash in hand and 275 left in his business bank account. How much capital has he invested in the business? 1 6,075 2 14,075 3 8,475 4 5,800
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