- Which of the following statements is FALSE:
- The first number your banker will be probably be looking at in your financial statements will be:
- As a start-up business, it is better to prepare your payroll checks and manage payroll accounting and reporting yourself.
- If you plan to have a business that requires inventory or if you are going to manufacture products, the IRS will generally require that you use:
- Where is the best place to find out financial (and other) information about the large public competitors that you must deal with?
- Which of the following expenses is a non-cash expense?
- In the cash basis of accounting, you match revenue with expense regardless when the cash may or may not be collected.
- Once you have prepared your cash flow projection, which of the following scenarios would be the best course to take:
- On your cash flow projection, each period of time analyzed will include: Starting cash plus cash sales plus any other cash sources, less cost of sales, less all other cash expenses resulting in ending cash.
- In your Business Plan, your one-year cash flow projection indicates that after six months you will go negative $50,000 due to receivables outpacing your income. You should:
