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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?
Multiple choice questions on basic accounting principle and Which of the following account groups are all considered nominal accounts, What type of account is Prepaid Rent
The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of retained earnings is 9.6%, and the tax rate is 40%.
Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting? If there is a convergence between U.S. GAAP and IFRS, would you choose the U.S. GAAP or IFRS method? Why?
Explain how does the accounting for normal spoilage and rework differ from the accounting for abnormal spoilage and rework?
What was the total amount of withdrawals for the year? What was the net income? What was the total revenue? What were the total expenses?
During the period, the Far East sales office generated 696 orders for a total of 6,030 items. What amount of shipping department costs be allocated to sales
Of the fixed costs, controllable fixed costs are $100,000 and noncontrollable fixed costs are $300,000. What is the controllable margin and total contribution by profit center (CPC)?
Windsor Corporation purchased a new machine for its assembly process, Determine What is the double-declining-balance for 2021?
What is the present value of all future earnings if the interest rate is 9%?? ?(Assume all cash flows occur at the end of the? year.).
Assuming cost of capital is 8% after taxes, calculate The incremental cash inflow after taxes, The IRR on new investment, The initial investment
What is the firm's projected free cash flow for the year 2016? (Enter the answer in millions. Round the final answer to 2 decimal places.)
What is the total amount of traceable fixed manufacturing overhead for the Alpha product line and for the Beta product line?
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