Reference no: EM133064662
Question - Natalie is investigating possibilities for starting her own business as part of the entrepreneurship program in which she is enrolled.
A long-time friend insists that Natalie has to include cookies in her business plan. After a series of brainstorming sessions, Natalie settles on the idea of operating a cookie-making school. She will start on a part-time basis and offer her services in people's homes. Now that she has started thinking about it, the possibilities seem endless.
(a) What form of business organization-proprietorship, partnership, or corporation- do you recommend that Natalie use for her business? Discuss the benefits and weaknesses of each form that Natalie might consider.
(b) Will Natalie need accounting information? If yes, what information will she need and why? How often will she need this information?
(c) Identify specific asset, liability, revenue, and expense accounts that Cookie Creations will likely use to record its business transactions.
(d) Should Natalie open a separate bank account for the business? Why or why not?
(e) Natalie expects she will have to use her car to drive to people's homes and to pick up supplies, but she also needs to use her car for personal reasons. She recalls from her first-year accounting course something about keeping business and personal assets separate. She wonders what she should do for accounting purposes. What do you recommend?
|
Corporate social responsibility
: Discuss the merits and faults of this approach in regard to corporate social responsibility, and whether or not you agree with him.
|
|
Compute the investment turnover and profit margin
: Compute the investment turnover, profit margin, return on investment, and residual income for each division. Assume a 10% hurdle rate
|
|
Explain purpose of financial statement analysis
: Explain the purpose of financial statement analysis for both external and internal users.
|
|
Health profile may also yield results
: Analyze your state, county, or city health department's website (e.g., dhhs.gov). A Google search of your city's "health profile" may also yield results
|
|
What information will she need and why
: Will Natalie need accounting information? If yes, what information will she need and why? How often will she need this information
|
|
Calculate the closing cash balance for march
: Calculate the closing cash balance for March 2022 by preparing a cash budget for Give Me Power (Pty) Ltd using the format presented in the prescribed textbook
|
|
Identifying global issues and appreciating interdependence
: Explain your concern for diversity issues affecting the world marketplace and name the groups of people who are affected by them.
|
|
Compute the individual cost of capital
: The company's preferred stock sells for $42 a share and pays an annual dividend of $4 a share. Compute the individual cost of capital
|
|
Strategic leadership and strategic planning
: Your research: Strategic leadership, crowdsourcing, strategic planning, SWOT analysis, knowledge management, learning organization, systems thinking,
|