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:
Answer rating: 57% (7 reviews)
Answered By
Niala Orodi
I am a competent and an experienced writer with impeccable research and analytical skills. I am capable of producing quality content promptly. My core specialty includes health and medical sciences, but I can competently handle a vast majority of disciplines.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting for the Hospitality Industry
ISBN: 978-1119386223
2nd edition
Authors: Lea R. Dopson, David K. Hayes
Question Posted:
Students also viewed these Business 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...
-
Work Cover Queensland offers workers compensation coverage to people in Queensland, Australia. Its 2012 notes (compliant with IFRS) reported the following information on the asset revaluation...
-
Donna White started her practice as a design consultant on January 1, 2010. During the first month of operations, the business completed the following transactions: Requirements 1. Open the following...
-
A transverse sine wave with an amplitude of 2.50 mm and a wavelength of 1.80 m travels from left to right along a long, horizontal, stretched string with a speed of 36.0 m/s. Take the origin at the...
-
Assume a company provided the following information: Equity multiplier Average stockholders' equity Sales Net income The total asset turnover is closest to: Multiple Choice 1.91. 1.71. 1.81. 2 $...
-
Kaitlin Carlton, a CPA sole practitioner, prepares tax returns each year for approximately 100 clients. Items 1 through 8 each represent an independent factual situation in which Kaitlin has prepared...
-
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...
-
Use the following table to estimate 4 3 W(t) dt. What are n and t? t W (1) 3.0 3.2 3.4 3.6 3.8 4.0 25 23 20 15 9 2
-
Summing the values of an array is a common operation. If the naive implementation is used, simply adding each new array element to the accumulated sum of all the previous, there will be an overall...
-
A Gray code is a sequence of bit patterns in which any two adjacent patterns in the sequence differ by only one bit. Gray codes were developed to aid in error correction of mechanical switches but...
-
Participants of an experiment are numbered from 1 to 80. The participants are to be randomly assigned to two different groups. Use a random number generator different from the one you used in...
-
For more than 50 years, The Harris Poll has conducted surveys using a representative sample of people in the United States. The surveys have been used to represent the opinions of people in the...
-
The number of pages per chapter of a novel are listed. Determine the level of measurement of the data set. Explain your reasoning. 45 50 50 52 61 39 41 52 55 43 28 36 44 48 39
-
A glass manufacturing company wanted to investigate the effect of breakoff pressure and stopper height on the percentage of breaking off chips. The results, stored in Glass1 , were as follows: At the...
-
The figure shows six containers, each of which is filled from the top. Assume that water is poured into the containers at a constant rate and each container is filled in 10 seconds. Assume also that...
-
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?
-
Following are the listed items of Whispering Winds Rae Ltd. for the month of October, 2022: Accounts payable $13,400 Accounts receivable 15,700 Cash 11,700 Common shares 29,700 Dividends paid 7,700...
-
Each identified risk has to be assessed taking into consideration the likelihood of occurrence and impact on the achievement of the organisation's objectives overtime horizon. The gross, net and...
-
The Village Restaurant adjacent to the old Palace Cinema was established in 1960. It soon became a hot spot to dine and be seen at with many live bands and music performers having made their early...
Study smarter with the SolutionInn App