Nov 12

Dragons Den

Talk on Financing a business

Questions.

Use the textbook chapter 7.1 to help
1. Define the following terms.
Revenue
Pro forma financial statements
start up costs
operating expense
(fixed cost)
(variable cost)
asset
liability
accounts receivable (asset or liability?)
accounts payable (asset or liability?)
depreciation

Use 7.2 to help with this question
2. What are some (3 or more) ways that you can obtain capital to start a business?

Use 7.4 for these questions
3. What types of insurance can/should businesses have.
4. Give 3 examples of businesses that might need to carry extra insurance.  Use specifics.