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Sami sells banana and groundnuts at Dansoman Polyclinic. In view of an impending hospital infrastructure expansion program, she has obtained permission to sell waakye on

Sami sells banana and groundnuts at Dansoman Polyclinic. In view of an impending hospital infrastructure expansion program, she has obtained permission to sell waakye on the hospital compound. She leant the trade in her late teenage years in Nima. She visited L400 Micocredit for a loan. You gathered the following information in your interaction with her. She needs to buy a cooking pot valued at GH185.00. She owns a pan used for selling the vaakye with the current value of GH 80.00 Her locally manufactured coal pot uses LPG gas and can prepare food on a relatively larger-scale, is estimated at GH80.00. The LPG cylinder costs GH 70.00. She has arranged with the carpenter to prepare a table, a high stool, two long benches and a long table which will enable her customers eat at her joint. The total cost of the furniture is GH 420.00.Her husband has been able to raise GH200.00 cash for this purpose. The carpenter has agreed to give her two months to settle her bill. Eating plates, spoons and other cooking utensils will cost her GH 350.00. Her savings balance at L400 Finance is GH 250.00. The woman selling these items has agreed on a one month trade credit. However, she must make an initial payment of GH 100.00 before she will be allowed to take the items. She will stock-up the rice and beans for at least a month in order to avoid unplanned price changes. It take 3 days to finish using a mini bag of rice valued at GH 180.00 and twice that period to fully use up a mini bag of beans valued at GH 250.00. She has negotiated for a months trade credit with her supplier.. She requires about GH 250.00 to finance fish, meat and all the other ingredients for preparing he pepper and stew. She requires about GH 100.00 to provide for any unexpected change in prices of the ingredients. . She will be able to raise about GH 250.00 from selling the remaining stock of banana and groundnuts

a. Prepare a Statement of Affairs schedule for Sami at the beginning of the business in order to determine the amount of loan she may requires for the business.

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