Reference no: EM132479513

Frank is going to pursue additional financing from the local bank. The bank will require some insight into how Frank's business will be successful and sustainable.

Question 1: Explain to the bank why your (Frank's) business will be viable. Submission could include (but are not limited to) location, time of year, target consumer, pricing, anticipated sales volume, and what makes your hot dogs special.

The financial statements are going to be basic and will build on your fundamental knowledge from the first three chapters of the book. You will provide

1. A basic income statement showing your expected sales and expenses
2. A partial balance sheet that will list the types of assets you need. You should include the following items [cart, hot dogs, buns, mustard, ketchup] and add up to 5 more of your own choosing.