User Account

All Pages

Review the accounting concepts and financial statements

Assignment Help Operation Management
Reference no: EM131924275

Assignment : Discussion-Forecasting and Preparing Financial Statements

Tina, one of your friends, approached you and proposed a partnership in a new venture that she is planning to start-a fashion boutique that will sell women's clothing and accessories.

She told you that she leafed through several books on how to prepare forecasts and pro forma financial statements, but the books were geared toward existing firms that have several years of historical financial statements on which to base their projections.

In this assignment, you will review the accounting concepts and financial statements presented in this module to critically evaluate the challenges faced by your friend in her new business venture.

Tasks:

Respond to the following points:

If your friend asked you for advice on how to prepare forecasts for a new fashion boutique for women, what would you tell her?

As a potential partner, what would be the important financial statements to be in place for an initial assessment of the venture? Provide details and justification of each choice.

Submission Details:

By the due date assigned, in about 300 words, post your responses to this Discussion Area.

Reference no: EM131924275

Questions Cloud

What type of employees are considered a protected class : Compare the Affirmative Action law briefly discussed in Chapter 12 on page 276, against two of the US laws aimed to prevent employment discrimination.
Define the key clinical and quality terms : Define the key clinical and quality terms used in the quality improvement plan so that there is a consistent language among team members.
Identify how each may or may not provide a foundation : Develop a table within a spreadsheet format, such as Excel, to identify similarities and differences in the theory discussions found in your research.
Health from a social justice perspective : A broader perspective is to view health from a social justice perspective - who suggest health goes beyond the physical or medical dimension
Review the accounting concepts and financial statements : Review the accounting concepts and financial statements presented in this module to critically evaluate the challenges faced by your friend in her new business.
What methods will you use to help overcome the obstacles : What methods will you use to help overcome the obstacles? What self-management tools will you use to promote success as a graduate student?
What role do hormones play in hunger and satiety : Identify and describe the six major processes involved in gastrointestinal activity. What role do hormones play in hunger and satiety?
Describe the utilitarian and individualism justice views : Describe the Utilitarian, Individualism, Moral-rights, and Commutative Justice views. What are the drawbacks in each view?
At what levels management development training be offered : At what levels within an organization should management development training be offered? Do you think that this type of training should only be offered.

Reviews

Write a Review

Operation Management Questions & Answers

  Explain what are two ways toyota operation changed

What are two ways Toyota operation might have changed if it had focused on low cost instead of quality

  The primary payment terms used for international transaction

The primary payment terms used for international transactions are payment in advance, documentary credits (Letters of Credit), documentary collections, and open account. Explain the pros and cons of each from the perspective of the exporter/seller.

  Explain the terms micromotion-element and task

Explain the terms micromotion, element and task. Provide an examples of each. Why is it important to define each? How does a company use this information.

  Philosophy of positive organizational behavior

Which organizational change approach is best known for applying the philosophy of positive organizational behavior rather than problem-solving approach to change?

  What is the mission of the food service operation

What would be a good "a for profit foodservice company" to study? What is the mission of the food service operation?

  Phases of the deere skid-steer loader development process

Imagine you are in the position of Scott Nolan. Write a two-page memorandum that (1) identifies, defines, and justifies the criteria (limit 4) for screening suppliers to integrate into the early phases of the Deere skid-steer loader development proce..

  What is the total cost to meet additional demand

Dave's Stove-Top Popcorn currently has three full-time employees who are each paid $1,500 per month. An employee can only work a maximum of 100 hours per month.

  Regarding bullying might you present to employees-managers

If you were an HR professional doing training, what content and policies regarding bullying might you present to employees and managers?

  Competitive position-financial performance over next years

What recommendations would you make to the senior management of Sirius XM to improve the company’s competitive position and financial performance over the next five years? Be as specific as possible.

  Contrasts most with its organizational style and philosophy

When a company's scorecard is not balanced, it usually tends to overemphasize the area that ________. Select one: a. involves customers b. has to do with productivity c. best matches its organizational style and philosophy d. contrasts most with its ..

  What is the new system of government to be called

Give a brief explanation of why or why not, and be sure to address each of the four questions that comprise this problem.

  What is your forecast of delivery-speed in given period

. What is your forecast of delivery-speed in Period 21. You have to choose a model (consider at least three models and using the MSE explain which is the best.)

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd