A chef invests $40,000 of her own money, and $160,000 borrowed for a bank, to open her

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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%

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Managerial Accounting for the Hospitality Industry

ISBN: 978-1119386223

2nd edition

Authors: Lea R. Dopson, David K. Hayes

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Question Posted: Apr 30, 2018 12:21 AM

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A chef invests $40,000 of her own money, and $160,000 borrowed for a bank, to open her

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Managerial Accounting for the Hospitality Industry

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