Peter operates a small business manufacturing surf boards. He wishes to expand his business but to do so he requires further finances.

accounting

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1. Peter operates a small business manufacturing surf boards. He wishes to expand his business but to do so he requires further finances. He ask you to advise him on wether to expand his business using the following, by bank over draft facility, by a long term loan from a financial institution or by a financial list agreement or formation of partnership. Advise him on each of the following four methods of financing his business and briefly indicate the advantages and disadvantages of his business?

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