You are a newly business owner ( around 1year) and you are able to start it up by means of having loan around 5,000,000 then you become lucky because on the next month of your operation you become a winner in a lottery, what will you do with your prize? and why? Pay it to your debts; or Add it to your Capital as your equity
You are a newly business owner ( around 1year) and you are able to start it up by means of having loan around 5,000,000 then you become lucky because on the next month of your operation you become a winner in a lottery, what will you do with your prize? and why? Pay it to your debts; or Add it to your Capital as your equity
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 6QFR
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You are a newly business owner ( around 1year) and you are able to start it up by means of having loan around 5,000,000 then you become lucky because on the next month of your operation you become a winner in a lottery, what will you do with your prize? and why?
- Pay it to your debts; or
- Add it to your Capital as your equity
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