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a. Sam Jones, Mary Adams, and Larry Brown have been talking about starting...

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a. Sam Jones, Mary Adams, and Larry Brown have been talking about starting their own business for several years. Sam is an electronic repairman, Mary is a partner in a large law firm, and Larry is an excellent sales person. Sam and Larry will work in the business on an equal basis. It will cost $100,000 to start this business. Sam has no money, Mary has S60,000 and Larry has $40,000. If they form a partnership, how would you recommend that they organize? b. Joe Latte has completed a business plan and determined that it will take S120,000 to open the coffee and gelato shop. He has S30,000 of his own money and will have to obtain $90,000 in loans or grants. How should Joe go about getting financing? What is the probability that he can obtain a grant to start an Italian ice cream shop

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