Assume that the bank says frank can have the money and would like to work with him on the type of debt that he will be incurring. the bank says he can have it as a line of credit (see footnote) at 5% interest, a short-term loan of two years at 7% interest, or a five-year loan at 10% interest, or a combination of these types of loans. what would you suggest and why? and remember that since frank is a sole proprietor, he does not get a paycheck but is instead pay from the profits of the store, which also has to be used to pay back the loan.

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: