Question

Gwen Osterhaus and Portia Juarez have formed a partnership to open a garden coffee cafe in Central Park. Gwen invest $23,000 and Portia invests $31,000. They get a micro loan from the Small Business Administration for $18,500. They have $9,000 of credit from the Bean Machine Company that sold them some of their equipment. Calculate the total amount of start-up financing available to the partnership. Make a pie chart that shows the percentage of total financing that is provided from each source. How much of the financing is owner supplied and how much is borrowed?

Answer 1

Answer:

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Explanation:

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