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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.
Riverbed Corporation, a publicly traded mining company, acquires a mine at a cost of $620,000. Prepare the journal entry to record depletion
Westerville Company reported the following results from last year’s operations: If the company pursues the investment opportunity and otherwise performs the same as last year, what turnover will it earn this year? If the company pursues the investmen..
Prepare purchasing budget for the months of January - April. Do not include May.
Input to process Y in June was 5000 units of direct materials from Process X,costing $27500 and added materials costing $2080.Direct labor costs in process Y were $4000 and production overhead was $8000.Output from the process was 4000 units. Calcula..
A Supplier is offering your firm a cash discount. Would recommend borrowing from a bank at 18 percent annual rate to take advantage of the cash discount offer?
Please provide a pro-forma income statement for six years the following: Sales = 5,750,000 with 5% annual growth. Discount rate =4%
determination of the person being affected. Learning how to use the internet in moderation is often the main objective in the therapy
Lamar Edwards caught the flu and needed to see the doctor. Edwards called to set up an appointment and was told to come in at 1:00 P.M. Edwards arrived at the doctor's office promptly at 1:00 P.M. The waiting room had 5 other people in it. What time ..
The equipment's fair value at December 31, 2018, is $5.98 million. Prepare the journal entry, if any, to record the increase in fair value.
How to Prepare the journal entries to record partial retirement on September 30, 2022. This question is easier to do if you make an amortization table in Excel.
At year end, a company with significant off-Balance Sheet operating leases has total assets of $90,000,000, and total equity of $36,000,000. The notes to the financial statements disclose the following long-term lease obligations. Complete the adjust..
What is the consolidated balance for the Equipment account as of December 31, 2012 - Prepare consolidation worksheet entries for December 31, 2011, and December
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