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lesya [120]
3 years ago
14

Mustafa a friend of yours, plans to open a fashion boutique that will sell women’s clothing and accessories. He told you that he

leafed through several books on how to prepare forecasts and pro forma financial statements but that the books were geared toward existing firms that have several years of historical financial statements on which to base their projections. If Mustafa asked for your advice about how to prepare financial statements along with pro forma and forecasts for a completely new women’s fashion boutique, what would you tell him?
Business
1 answer:
blagie [28]3 years ago
7 0

Answer: Financial Forecast

Explanation:

Forecast is a prediction of events that would happen in the future based on evidence of what's seen now or an assumption on projections.

While financial forecast is predicting how well a business will perform in the future through estimating future financial outcomes.

I would advise Mustafa to seek experts ideas on financial forecast for a new business and that would help him project his expectations

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Answer:

BECAUSE THEY SUCK

No jk

Explanation:

About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.

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Answer:

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3 years ago
Portions of the financial statements for Peach Computer are provided below.
mamaluj [8]

Answer:

$128,100

Explanation:

PEACH Computer

Statement of cash flow using direct method for the year ended 31 December 2018.

Cash flows from operating activity

Net income. $91,000

Adjustment to reconcile net income to net cash from operations

Depreciation expense. $47,000

Changes in working capital

Decrease in accounts re. $4,200

Increase in inventory. ($18,500)

Decrease in prepaid rent $1,700

Increase in accounts Payable $6,500

Decrease in Income tax Payable ($3,800)

Net cash flow from operating activities

$128,100

4 0
4 years ago
In comparing the Cournot equilibrium with the competitive equilibrium,
Over [174]

Answer:

Profit is higher, and output level is lower in Cournot.

Explanation:

Cournot competition is a type of economic model which describes an industry setting whereby firms that produce the same product compete on the amount of product to manufacture.

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A farmer purchased a module builder for $50,000. The bank is willing to loan him $37,000. The terminal value of this investment
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the after tax terminal value would be $14,500

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