Betsy wants to start a business making flags. She has calculated that she will need $62,500 to

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Betsy wants to start a business making flags. She has calculated that she will need $62,500 to start the business. The money will be used to rent a building, purchase equipment, hire workers, and begin production and sales. Betsy has $12,500 in savings she can invest in the business.

Required
A. What alternatives might Betsy have for obtaining the additional $50,000 she needs for her business?
B. What information about her business will lenders or investors want to have?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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