PLZ HELP Ezra has set up a barber shop offering haircuts and shaves, and he is the only dedicated barber in the vicinity. He occupies a small shop that had closed down and is in a good location in the centre of the high street with plenty of footfall going past. Ezra did not have much capital to set up the business and was not able to redecorate the shop from the unfashionable colours used by the previous tenant. He has two employees who are busy most of the time.
In his first year of trading, Ezra forecast he would make £5000 profit, however to his delight he made £12,000.
(a) How Ezra should spend his profit from the first year?