Identify a type of business

Assignment Help Accounting Basics

Reference no: EM132449624

"Business Decisions" Please respond to the following:

Identify a type of business you would like to own. Next, evaluate two (2) advantages and two (2) disadvantages of buying an existing business compared to those of starting the new business from the ground up. State your decision and explain your rationale.
In buying or starting the business above, you determine that you do not need external financing. Discuss why you should write a business plan, and select one (1) element in the plan that you think will be the most difficult for you. Next, identify three (3) techniques you can use to overcome the challenges. Justify your selection of these techniques.

Reference no: EM132449624

Questions Cloud

What are the adjusting entries necessary at December : Assuming that the books have not been closed, what are the adjusting entries necessary at December 31, 2018? (Ignore income tax considerations.)

what amount should Orca report as the cumulative effect : Orca's income tax rate is 30%. In its 2017 financial statements, what amount should Orca report as the cumulative effect of this accounting change

Compute the amounts of the components of pension expense : The expected return on plan assets and the actual rate were both 10%; Compute the amounts of the components of pension expense that recognized by company

Write a report to the ceo of chosen organisation : Write a report to the CEO of your chosen organisation outlining why they require reporting for sustainability. Specific reporting recommendations are to be made

Identify a type of business : Evaluate two (2) advantages and two (2) disadvantages of buying an existing business compared to those of starting the new business from the ground up.

Explain the concept of ownership and franchising : Identify two (2) key criteria you would use to evaluate different franchise opportunities, then select a franchise.Explain the concept of Ownership

Compute the amount of prior service cost amortization : Compute the amount of prior service cost amortization for the years 2017 through 2022 using the years-of-service method, setting up appropriate schedules

Explain innovation and strategic management : Analyze a current or former company for which you have worked, and without revealing the name of the organization, identify one step in the strategic plan

Prepare journal entry to record employer contribution : Compute pension expense for the year 2017. Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2017

User Account

All Pages