Qa local restaurateur who had been running a profitable

Assignment Help Business Economics

Reference no: EM13355134

Q. A local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor license. In her restaurant, license gives the owner the legal right to sell beer, wine, spirits. The cost of obtaining the 3-way liquor license was about $75,000, since only 300 licenses are issued by the state. While the license is transferable, $65,000 is refundable if the owner chooses not to use the license. After selling alcoholic beverages for about 1 yr restaurateur came for realization that she was losing dinner customers and that her profitable restaurant was turning into a noisy unprofitable bar. Subsequently, she spent about $6,000 placing advertisements in various newspapers and restaurant magazines across the state offering to sell the license for $70,000. After a long wait, she finally received one offer to purchase her license for $66,000. Illustrate what is your opinion of the restaurateur's decisions? Would you recommend that she accept the $66,000 offer?

Reference no: EM13355134

Questions Cloud

Q1 a corporation has 7 million in equity during the tax : q1. a corporation has 7 million in equity. during the tax year it takes in 4 million in receipts and earns 2 million in

Q1 an ocean liner leaves new york city and travels 370deg : q1. an ocean liner leaves new york city and travels 37.0deg north of east for 171 km. how far east and how far north

Q1 a 40 cm diameter vertical cylinder is sealed at the top : q1. a 40 cm diameter vertical cylinder is sealed at the top by a frictionless 22 kg piston. the piston is 79 cm above

Qssume that an economy characterized by m 6000 billionv : q.assume that an economy characterized by m 6000 billionv 2.5p 100a illustrate what is the real value of output q?

Qa local restaurateur who had been running a profitable : q.a local restaurateur who had been running a profitable business for many years recently purchased a three-way liquor

Q1 two long parallel wires x and y separated by distance of : q1. two long parallel wires x and y separated by distance of 5 cm in air carry currents of 20 a and 70 a

Q1 two bodies having masses 30 g and 40 g are attached to : q1. two bodies having masses 30 g and 40 g are attached to the ends of the string of negligible mass and suspended from

Q1 if the ad shortfall is 800 billion and the mpc is 08a : q1. if the ad shortfall is 800 billion and the mpc is 0.8a explain how large is the desired fiscal stimulus?b explain

Q1 you are driving home from school steadily at 80 for 150 : q1. you are driving home from school steadily at 80 for 150. it then begins to rain and you slow to 50. you arrive home

User Account

All Pages