MNGT 3196 Entrepreneurship Questions
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MNGT 3196
Assignment 7
1) What are the basic steps in preparing a cash budget? Which forecast is the “heart” of the cash
budget?
2) How are sales forecasts developed for an established business? How are sales forecasts
developed for a new business enterprise?
3) Identify the “big three” of cash management. As a small business consultant, what would you
recommend your clients do to control the “big three” more effectively?
ENTREPRENEURSHIP & SMALL BUSINESS MANAGEMENT
MNGT 3196
Assignment 6
1. Explain what ratio analysis is. Name the four categories of ratios and describe the type of
information each group provides the small business owner.
2. Define what a pro forma financial statement is. What are the two types a small business
owner uses, and how are they created?
3. Why is it important for an entrepreneur, about to launch a business, to perform a breakeven analysis? Describe the steps in calculating it.
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