Part 1 The Scope and Environment of Financial Management CAN YOU DO IT? HOW MUCH CAN YOU TRUST A BROTHER-IN-LAW? Your brother-in-law has asked you to help him finance what he considers to be a "great investment opportunit brand of European clothing that is becoming popular in the United States. He thinks that the university located both graduated, would be an ideal location. He estimates that the financing can come mostly from a bank loan a However, the two of you will need to chip in a total of $5,000 to get the business going. He will invest $3,000, he to invest the remaining $2,000. It's not that you don't trust your brother-in-law, but you have decided to undertake your own investigation c a few hours of work, you develop what you think are realistic estimates of the profits that can be earned from estimate how much money it will take to start the business. There is a slight problem, however: Your new puppy chewed up your papers. After putting the dog in the bac (numbers are in thousands): per, you pick up the pieces and begin reconstructing your work. The remnants of your hard work--at least mos PURE ONDER HOLLU Inventories $14 Equipment Cost of goods sold Advertising expense $16 Interest expenses Cash needed In the business $30 Accounts payable $6 Depreciation expense $1 $40 Rent expense $6 Sales $75 : Office overhead $4. $14 $10 90-day bank loan $10