Ride on the back of your scooter to campus

Assignment Help Financial Management

Reference no: EM132007996

1. You have prepared a set of projections for your new startup and you have an additional funds needed (AFN) line item on your balance sheet. You determine that next year's AFN has a negative balance. What does this indicate?

Your business is projected to generate excess cash

Your business will require additional funds to support growth

You have made a mistake in your calculations

2. You decide to start a scooter shuttle service on the UML campus. Basically, you will meet students at the freshman/sophomore commuter parking lot and give them a ride on the back of your scooter to campus. Which of the following would be REVENUE drivers for this business? Indicate ALL that apply.

The number of riders you can fit on your scooter per ride

The fee you will have to pay to the university to be able to provide this service

The price per rider you charge for each ride

The number of people who park in the lot daily

The cost of printing fliers you use to promote the business

The percentage of people who park in the lot that will ride your scooter

Reference no: EM132007996

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