28 Assume that a national restaurant firm called BBQ builds 15 new restaurants at a cost of $1 million per restaural restaurant with an additional $300,000 of equipment and furnishings. To partially defray the cost of this expans sells 300,000 shares of stock at $35 per share. Instructions: Round your answers to one decimal place. What is the amount of economic investment that has resulted from BBQ's actions?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Q28

28
Assume that a national restaurant firm called BBQ builds 15 new restaurants at a cost of $1 million per restaurant. It outfits each
restaurant with an additional $300,000 of equipment and furnishings. To partially defray the cost of this expansion, BBQ issues and
sells 300,000 shares of stock at $35 per share.
Instructions: Round your answers to one decimal place.
What is the amount of economic investment that has resulted from BBQ's actions?
$Omillion
What is the amount of financial investment that has resulted from BBQ's actions?
$O million
00
Transcribed Image Text:28 Assume that a national restaurant firm called BBQ builds 15 new restaurants at a cost of $1 million per restaurant. It outfits each restaurant with an additional $300,000 of equipment and furnishings. To partially defray the cost of this expansion, BBQ issues and sells 300,000 shares of stock at $35 per share. Instructions: Round your answers to one decimal place. What is the amount of economic investment that has resulted from BBQ's actions? $Omillion What is the amount of financial investment that has resulted from BBQ's actions? $O million 00
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