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Question
Bowz 4 Kidz is a new business that Ellie has started out of her home utilizing an online business model. In developing pro forma financials, what general questions do the statements need to answer and how will they be applied to Ellies business?
Answer
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Related questions
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Making funds available to cover losses that cannot be eliminated by risk control
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a. True
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A market is best defined as a geographical area that is of commercial interest to the entrepreneur.
a. True
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Personal interview surveys are attractive as a marketing research method because these are inexpensive to conduct.
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It is best to write a marketing plan before collecting marketing research data.
a. True
b. False
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a. True
b. False
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What are the qualifications of partners?
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Liability on the part of an owner that extends beyond the owners investment in the business
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b. accrued expenses.
c. owners' long-term debt.
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c. accumulated depreciation, asset value
d. net profit, retained earnings
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In order to derive a cash flow statement, the owner must add back the _____ to the income statement.
a. depreciation expense
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a. marketing plan.
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a. 2 years
b. 6 months
c. 1 quarter
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