Answer all these five questions please in detail.

1 Account for the importance of finance in terms of establishing and operating a business. 2 Distinguish between equity and debt finance. 3 Prepare a table with two columns to outline the advantages and disadvantages of using debt to finance a business. 4 Prepare a table with two columns to outline the advantages and disadvantages of using equity to finance a business. 5 Compare the following two forms of debt finance by completing the table below. Form of debt Main features Advantages/ disadvantages d overdraft commercial bill factoring mortgage debenture unsecured note o oms 6 Recall the three factors that will impact on the cost of finance