What is a primary benefit of starting a new business without purchasing a franchise or buying an existing business? 1. Less record keeping
2. Lower financial risk
3. You can apply your own experience
4. Developing your own rules

4.

Explanation:

Instead of having to follow a franchises rules or prexisting rules at the existing business you can develope your own affecting costs and overall efficiency of your company.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.