Fixed capital refers to long-term assets that are used repeatedly in the production process and are not consumed in the short term, such as buildings, machinery, and vehicles.

Here's an explanation of capital needs and the completed table. Fixed capital refers to long-term assets that are used repeatedly in the production process and are not consumed in the short term, such as buildings, machinery, and vehicles. Working capital refers to the capital needed for the day-to-day operations of a business, including current assets like cash, inventory, and raw materials. For question 2, "How much will you need?", specific costs for each item are not provided in the problem, so the "Cost" column cannot be filled with numerical values. Here is the completed table for question 3, classifying each item as either working capital or fixed capital: | Capital needs | Cost | Working capital | Fixed capital | | :-------------------------------- | :--- | :-------------- | :------------ | | carpentry workshop and store | | | ✅ | | cash in the store's till | | ✅ | | | stock of toys | | ✅ | | | wood, nails, paint and wood glue | | ✅ | | | saws, hammers and paintbrushes | | | ✅ | | electric saw, plane and sander | | | ✅ | | delivery truck | | | ✅ | | money in the bank account to pay expenses | | ✅ | | 3 done, 2 left today. You're making progress.