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ID: 2589630 • Letter: B
Question
bCc AaBbCcl AaBbCcD 5 Heading 6 Subtitle Subtle Em.. Emphasis Intense E... Strong Quote Styles SMALL BUSINESS MANAGEMENT the finances needed for the enterprise to start are categorized into two, the start-up Assets and the Start-up expenses. The expenses comprise of Expensed equipment's which will have a total of 40,000 dollars, legal expenses for 3,000 dollars, renovation of the premises going for 20,000 dollars. On the Assets side, we will have the long-term assets totaling to 65,000 dollars, liquid cash totaling to 100,000 dollars and other current assets which will carry a total of 20,000 dollars The total funds needed for the start of Safs Bistso equal to 248,000 dollans The projected profits for the first year will be 20,000 dollars, but it will be expected to grow in the second and third years consecutively Sa's Bistro will ave some compethitive advantage over its competitors. It has excellent strategies on how to produce their products to ensure that they meet the demands of the customer. One of them includes the blending of the Italian delicacies and the local foods to come up with a product which is pleasing to customers. Foods will also be prepared with natural ingredients to ensure their customers remain healthy. This is one of the most competitive aspects According to research, most of the existing restaurants in Grand Haven are not considerate of which will see customers remain loyal to the products of Sal's Bistro. the health of customers, and most of them have developed complications as a result. Sal's Bistro has a competitive and highly qualified management which has been in the hotel industry for a while though in other restaurants. Therefore, all the logistics which seem to be difficult for business at the start will be attended to by the right personnel.Explanation / Answer
Income statement
Sales. 63000
Total income. 63000
Less:expenses
Expenses equipment 40000
Legal expenses. 3000
Total expenses. 43000
Profit. 20000
Renovation of premises of 20000 dollar will be added to the value of the premises and will be shown on asset side
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