FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Discuss the need and significance of preparing income statement and start-up investment for any small business.
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- select a “start-up” company in an industry of your choice and provide a brief summary description of the start-up company you chose and the goods or services it provides. 1. As a start-up company, identify three Credit Risks the company currently faces today or could face in the future. Explain in detail why these risks are a threat to the company. 2. What advice would you give to the CEO of the company to prevent or minimize these credit risks?arrow_forwardAn identifiable part of the company for which financial information is available is called __________. ANSWER a business segment the contribution margin the gross profit the profitability analysis I DON'T KNOW YETarrow_forwardThey are going to start a manufacturing company and need help deciding what entity type to choose to conduct business. Discuss the pros and cons of each business entity type and make a recommendation to client.arrow_forward
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