Bob the Builder borrowed $20,000 from Dora the Explorer to start his business. He is making a net profit of $2,500 per month. What is the payback period for Dora?

_________ __________ is money that is invested in a poten-

tially profitable business by a specialized company whose purpose is to invest in start-ups.

Willy's Wonka Company had $5,000 in Assets, and $3,000 in Liabilities on their Balance Sheet. Willy borrows $10,000 from the Golden Ticket Finance Company. What are the Liabilities on the Balance Sheet now?

You decide to start a business with only your personal resources, such as personal savings and borrowing against your credit cards. This is called:

If you started a business with debt financing, which of these would you NOT do?

One common method of financing a start-up business is to sell shares of ownership in the business, called ____________ _______________.

You would like to borrow money for your business from a non-profit cooperative that lends money to its members at a low interest rate to members. You should borrow money from a:

Because you are too young to have good credit, you just talked your Uncle Eddie into putting his signature on a car loan application for your new Camaro. Your Uncle Eddie is a:

Popeye's Spinach Store needs to buy a cash register, but doesn't have enough money. Wimpy agrees to lend them the money, but insists that Popeye put up his prized Spinach Collection in case they don't pay it back. Popeye's Spinach Collection is known as:

Elon's Musk Company has monthly fixed expenses of $3,000. How much money should Elon keep on hand as a Reserve for Fixed Expenses?

Suppose Caesar’s Smoothies has a monthly income

of $5,000 and debt payments of $2,500. What is their Bank Debt Ratio?