Explain to friend that in order to obtain the necessary fund

Assignment Help Financial Accounting
Reference no: EM132954357

Discussion with a friend Scenario A friend of yours is eager to start his business (a Florist). Your friend has saved £10,000 but knows that a minimum of £30,000 is needed to start the business.

Instructions

You are to give advice to your friend regarding possible financial sources to raise the remaining £20,000.00 and explain what consequences will each option bring in terms of control and in terms of financial cost as well as the effect on the balance sheet, ultimately recommending one or 2 methods.

Problem 1: You should also explain to your friend that in order to obtain the necessary funds, the stakeholder bank, investors, etc.) will need some information before releasing the funds and explain to your friend what each stakeholder will need. Discuss also the importance of financial planning to ensure that the funds are properly utilize in the business. You should make a table/notes for your friend to understand the options better.

Reference no: EM132954357

Questions Cloud

Evaluate an annual report of a listed company : Evaluate an annual report of a listed company in Hong Kong and use the annual report to calculate appropriate ratios using Excel
Calculate the price of a one-year european put option : Calculate the price of a one-year European put option on the spot value of the S&P 500. The one-year futures price of the index is 3160
Which recommendations would be most appropriate for couple : Which recommendations would be most appropriate for couple? Yusef and Madina, age 50, are starting to plan for their retirement in 15 years
Calculate mcdonnell-myer earnings per share for the year : McDonnell-Myer Corporation reported net income of $3,180 million. Calculate McDonnell-Myer's earnings per share for the year
Explain to friend that in order to obtain the necessary fund : Explain to your friend that in order to obtain the necessary funds, the stakeholder bank, investors, etc.) will need some information before releasing the funds
Indicate how much money will be paid to the creditor : Salary during last month owed to Mr. Key (not an officer) 19,525. Indicate how much money will be paid to the creditor associated with each debt
Find the amount to be reported under cash flows : A carrying value of $58,000 are retired for $66,000 cash. Find the amount to be reported under cash flows from financing activities
Why do people engage in illegal activity : Why do people engage in illegal activity?
Potential employer business-organization : Describe the value you think you would add to a potential employer's business/organization.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd