you will provide information on long-term liability concerning financing a business.

Please complete the following tasks:

1. You are about to buy a business that is worth $200,000, but you do not have enough money to purchase the business entirely. You have a total of $90,000 in savings and you are looking at different financing options. Provide information for the following:

oExplain the advantages of equity financing and debt financing

oExplain the disadvantages of equity financing and debt financing

oProvide an example of equity financing

oProvide an example of debt financing

oExplain which type of long-term liability financing you would choose to buy the business?

2. Provide a suggestion for future business owners on financing that you have learned from Unit 7 Learning journal assignment.