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?
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?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffe6088a7-b04f-4022-976a-52567f5d5e15%2F9844906c-f292-4ac9-b3f5-402f69b1c86a%2Fqnvh6l_processed.jpeg&w=3840&q=75)
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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