Question: Describe the recordkeeping system you intend to set up for
Describe the recordkeeping system you intend to set up for your own business.
Answer to relevant QuestionsWhat bank accounts do you intend to open for your business? What bank will you use? Why? 1. Evaluate the economics-of-one-unit analysis that Amy and Steve conducted and then answer the following: a. Amy and Steve assumed that, for every $6 in sales, $4 will come from selling computer-related services. Calculate ...Write a memo analyzing the financial strengths and weaknesses of Angelina’s venture. Use the same size analysis shown below. Would you invest in her business? Why, or why not? Figure out how much income tax each of the following individuals owes. The marginal tax rates are structured as follows: – Income up to $42,350 is taxed at 15 percent. – Income earned between $42,350 and $61,400 is ...Visit a local bank and ask about its commercial lines of credit. Have the banker explain the terms to you and what a small start-up business would have to show to qualify for a line of credit. Report back to the class.
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