Assume Susie Levitt and Katie Shea of CitySlips plan on expanding their business to accommodate more product

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Assume Susie Levitt and Katie Shea of CitySlips plan on expanding their business to accommodate more product lines. They are considering financing their expansion in one of two ways:
(1) Contributing more of their own funds to the business or
(2) Borrowing the funds from a bank.

Required
Identify at least two issues that Susie and Katie should consider when trying to decide on the method for financing their expansion.

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Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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