What is a private brand?
What will be an ideal response?
A brand created and owned by a reseller of a product or service is known as a private brand or store brand.
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A local restaurant owner is considering expanding into another rural area. The expansion project
will be financed through a line of credit with City Bank. The administrative costs of obtaining the line of credit are $500, and the interest payments are expected to be $1,000 per month. The new restaurant will occupy an existing building that can be rented for $2,500 per month. The incremental cash flows for the new restaurant include A) $2,500 per month rent. B) $500 administrative costs, $1,000 per month interest payments, $2,500 per month rent. C) $1,000 per month interest payments, $2,500 per month rent. D) $500 administrative costs, $2,500 per month rent.
Calculating the modified internal rate of return on an Excel spreadsheet involves the use of the IRR
function multiple times, once using the financing rate, and once using the reinvestment rate. Indicate whether the statement is true or false