Question
To Start: Each player begins with $1,500 in cash from the bank.Assume that half of this represents the initial capitalization for each player (i.e., money
To Start:
Each player begins with $1,500 in cash from the bank.Assume that half of this represents the initial capitalization for each player (i.e., money that each player contributed from his own personal assets in exchange for ownership of the company), and half of this is a loan taken by your firm from the bank.Additional capital will be generated through earnings.Your initial entry to start your "company" occurs at turn 0.
Any loans taken out during play may be paid back at your discretion.The terms for any loans taken during the game are the same as the original loan taken during turn 0.
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