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? O a. 20% O b. 80% O c. 40% O d. 25%
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? O a. 20% O b. 80% O c. 40% O d. 25%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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?
O a. 20%
O b. 80%
OC. 40%
O d. 25%
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