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'snew operation was equity funded?O a. 20%O b. 80%OC. 40%O d. 25%

There are 2 types of fund invested in an organisation such as Equity Investment & Borrowing from…

Answered: A chef invests $40,000 of her own…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter3: Financial Statements, Tools, And Budgets

Section: Chapter Questions

Problem 5DTM

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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? O a. 20% O b. 80% O c. 40% O d. 25%