Reference no: EM131079728

Question 1:

We discussed 4 external environmental factors that we, as a business, cannot specifically control, but that will impact what we can and cannot do in our business. List the 4 factors in the space provided and then briefly explain each and give an example of each.

Question 2:

List and briefly define the 5 typical functional areas in a business that we discussed in class.

Question 3:

Match each of the questions with a financial statement which answers the question.

Accounting Question	Answer one: Income Statement Balance Sheet or Statement of Cash Flows
How much did it cost to produce products?
What is the total amount the stockholders have invested in the company?
What is the total amount my customers owe me?
What is the amount of executive salaries?
Did the firm generate or use cash for operating activities?

Question 4:

Briefly explain and discuss how the following news media statement can impact a company: "Venture Furniture failed to meet its second quarter earnings estimates. Venture stock fell by 10% in trading today."

Question 5:

a. Reproduce a Balance Sheet and Income Statement in proper format and correct order of accounts (Note: dollar amounts are not needed)

b. Provide the "Accounting (Balance Sheet) Equation".