Question
Tze Tong has decided to open a movie theater. He requires $7,000 to start running the theater. He has $3,000 in his saving account that
Tze Tong has decided to open a movie theater. He requires $7,000 to start running the theater. He has $3,000 in his saving account that earns him 3% interest. He borrows $4,000 from the bank at 5%. What is Tze Tong's annual opportunity cost of the financial capital that he has put into the movie theater business?
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
