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You and a few of your classmates decided to become entrepreneurs. You came up with a great idea for a new 3D scanning application that you think will make lots of money. Your business plan won first place in a local software competition and awarded you $10,000. You are using the $10,000 prize money to support yourselves as you start your company, but this amount will not be enough and you may need to explore other options to generate funds to help you develop the software application and have a successful business. Think through the business processes, key decisions, and information needs issues you may face. Complete the following tasks and submit your answers as a report. Make sure to follow the requirements and report structure mentioned below under a separate heading.
Question a. Identify the key decisions you need to make to be successful entrepreneurs, the information you need to make them, and the business processes you will need to engage in.
Question b. Your company will need to exchange information with various external parties. Identify the external parties, and specify the information received from and sent to each of them.
Question c. Identify the external sources of funding and how you will approach them.
Question d. State and explain the security, legal and ethical issues that may arise from the development and use of the software application?
You’re trying to choose between two different investments, both of which have up-front costs of $88,000. Investment G returns $153,000 in 9 years. Investment H returns $273,000 in 16 years. Calculate the rate of return for each of these investments
Pure Water Products produces two types of water filters. One attaches to the faucet and cleans all water that passes through the faucet. The other is a pitcher-filter that only purifies water meant for drinking. Calculate the number of units of the p..
claire ltd owns all the share capital of lauren ltd. the following transactions relate to the period ended 30 june
Evaluate the dollar cost of each of proposed plans for obtaining an initial loan amount of $100,000 and which plan do you recommend? Why?
Danner Company expects to have a cash balance of $62,606 on January 1, 2014. Relevant monthly budget data for the first 2 months of 2014 are as follows. Prepare a cash budget for January and February.
Taking the unmovable product mix provided above compute total annual sales that the company must generate to break even
Use information available at the end of 2012 to prepare an income statement-and balance sheet on December 31, 2012, for Goldie Company.
Joe Davidson recently began a new job as the office manager for a prominent medical clinic. He has just received a bill from MedTestPros, one of the labs that performs tests for the clinic. In reviewing the bill, Joe notices that the lab has charged ..
Hutchins Company uses a predetermined overhead rate based on direct labor hours (DLHs) to apply manufacturing overhead to jobs. At the beginning of the year, the company estimated manufacturing overhead would be $200,000 and DLHs would be 20,000. The..
King Tut Corporation has issued 25,000 shares of common stock, all of the same class; 18,000 shares are outstanding. On 12/1/2011, King Tut's board of directors declares a cash dividend of $0.75 per share payable on 12/15/2011, to the stockholders of..
On January 1, 2011, Connor Corporation signed a $100,000 non interest-bearing note due in three years at a discount rate of 10%.
061683RR - PLANNING, PERFORMANCE. Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnov..
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