Mini-Case 15-2: Bowden Brake Service
Jim Bowden has been operating his business for some time now and thinks it is time to grow and expand. To compute the cost of expanding his existing business, Jim Bowden makes the following estimates:
Adjacent lot $40,000
Metal prefab building 25,000
Hydraulic lifts 15,000
Tools and equipment 9,000
Parts and inventory 5,000
Additional operating expenses 55,000
TOTAL $149,000
-Explain to Jim the possible (and realistic)sources of capital for expansion. Where would you recommend that he go for the funds he needs? Why?
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