Assets and expenses are proportional to income. debt and equity are not. no dividends are paid. subsequent 12 months' income is projected to be $five,967. The external financing wanted $799.10
Overall property could be=$21700*117%=$25389
General equity could be=$12600+$2889.ninety =$15489.ninety
Overall property=overall equity +overall liabilities
as a result outside financing wished=($25389-$15489.ninety-$9100) =$799.10
"Debt" entails borrowing money to be repaid, plus hobby, while "equity" entails elevating cash by way of promoting pursuits within the business enterprise. essentially you'll have to decide whether or not you want to pay lower back a mortgage or supply shareholders inventory on your company.
In debt finance, you are required to repay the cash plus interest over a fixed time period, commonly in monthly installments. equity finance, alternatively, includes no repayment duty, so more money may be channeled into developing your commercial enterprise.
Learn more about debt here: https://brainly.com/question/25035804
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