And on the cash flow statement you express that saying

We have a very, very steady business.

Wait! But we spent that 60,000, especially in year 1

Japanese corporations are slashing their capital spending programs.

This was not a cash expense, so from our operations we had 50,000 dollars,

Without billions of dollars from the private sector

And so liabilities plus equity is equal to assets.

I spent 60,000 on Capital Expenditure sometimes it's property plant and equipment .

That assets, A for assets, is equal to

But we'll do a whole playlist on that.

But if your fuel source is free, then the only thing that matters is the up front capital cost of the engine.

And what is required is a combination of physical capital, institutional capital, human capital and security, of course, is critical, but so is information.

It should start to make a little bit of intuitive sense

And then on the equity side, because we have no liability, so in this case assets will be equal to equity.

But our total assets, or the market's perception of the total assets of the company, are essentially what it's willing to pay for the equity plus the liabilities, so the market is saying that Ben's assets, the assets in that company are worth 220,000.

liabilities plus equity.

The company was started with 100,000 in capital.

I still owe the almost 1.075 million.

Yes, put that aside.

In a world without leverage so if I didn't have all this

So this is just another visual representation that

less capital intensive that there's less money that's required

It doesn't sound like we borrowed money or anything.

Assets are always equal to liabilities plus equity.

But let's say its assets are worth 1 million.

Capitalist country.

Prepare to leave.

Time is against us.

Make ready to depart.

But I just wanted to make it clear that that's obviously the best way to generate capital for your business is when the business itself generates capital.

I'll do that in yellow.

He started at the bank in the post of manager.

Let's figure it out. It's equity.

One, what shares are share of

You love your heroes.

liabilities plus equity is equal to assets.

I use 100 gold pieces.

And then the equity is, essentially we would look at this formula.

And if they say no, ask them why not? Ask them what's more important?

And this is my reality check.

I am ready, Gamling.

In the last set of videos, we've hopefully familiarized ourselves with the different ways that a company can raise capital.

When did frobisher's people approach you?

We got a second address. There's a coowner.

(Laughter)