Accounting help

(20 points)

Assignment 6: Business Finance

Instructions

Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson.

Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.

Review Lesson 4 of the Course Overview for instructions about turning in your assignments.

Assignment Questions

In Section 6, you learned about business finance. Now, you'll apply what you learned.

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)

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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