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Author Question: Steven and Emily Campbell are planning to open a casual dining restaurant in downtown Akron, Ohio, ... (Read 228 times)

piesebel

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on: Jul 6, 2018
Steven and Emily Campbell are planning to open a casual dining restaurant in downtown Akron, Ohio, and need 125,000 to get started. They have 50,000 of their own money, which leaves 75,000.
 
  After getting turned down by a couple of banks, they decided to turn to their relatives and acquaintances for help. Fortunately, they were able to raise the money through a gift from Steven's grandfather, a loan from Emily's parents, and a small investment by Steven's best friend in college, Doug. The money that an entrepreneur raises in this manner is referred to as ________.
  A) friends and family
  B) bootstrapping
  C) networking money
  D) compassion money
  E) legacy money

Question 2

A firm's working capital is defined as its fixed assets minus its long-term liabilities.
 
  Indicate whether the statement is true or false


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lauravaras

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Reply #1 on: Jul 6, 2018
Answer to Question 1

A

Answer to Question 2

FALSE


piesebel

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Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

amandalm

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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