Engineering, 27.10.2020 20:40 GamerGirl15

1. For this assignment, choose a type of company that you could imagine yourself starting. Describe the type of company. (1-4 sentences. 1.0 points) I could jump start an independent bookstore in the metropolitan that I live in right now. The only bookstore around me is 12 miles away at the mall, and I ponder a good place to put a bookstore is the little city focus with restaurants and other small commerce who sell clothes. 2. Describe at least two sources you would use for funding your company. (1-2 sentences. 2.0 points)

3. Would you rather fund your company using mostly debt funding, or mostly equity funding? Why? (1-5 sentences. 3.0 points)

4. Make a list of at least 3 startup costs this company would have. (Complete sentences are not necessary. 3.0 points)

5. Will your company use cash-basis or accrual-basis accounting? Explain why. (1-3 sentences. 2.0 points)

6. Will you use single-entry bookkeeping or double-entry bookkeeping? Explain why. (1-3 sentences. 3.0 points)

7. List at least 3 risks your company will face, and explain how you will manage those risks. (1-6 sentences. 6.0 points)

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