Assignment 6

(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)

clay sculpture compony we would create models for a number of things and sell
them and the rights to them in some cases.

2. Describe at least two sources you would use for funding your company. (1-2
sentences. 2.0 points)

croud funding and investments.

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

equity funding would be the best i would be pure profit from then on.

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

production costs Domain and sales.

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

cash-basis it will probbly stay somthing small so this is all that is nessasary.

6. Will you use single-entry bookkeeping or double-entry bookkeeping? Explain why.

(1-3 sentences. 3.0 points)

double-entry bookkeeping is the soppirior of the two and makes the least mistakes.
7. List at least 3 risks your company will face, and explain how you will manage
those risks. (1-6 sentences. 6.0 points)

lack of intrest, competition and lastly location of sales. the way i will conter act all of
this is marketing better product and open a online retailer.