Question 1

You should attempt to calculate your operating costs before you start a business.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following equations is true about the Balance Sheet under GAAP?

Accepted Answer

A) Assets = Liabilities 
B) Shareholder Equity + Assets = Liabilities 
C) Assets = Liabilities + Shareholder Equity 
D) Liabilities + Assets = Shareholder Equity 
E) None of the above 
A) Assets = Liabilities 
B) Shareholder Equity + Assets = Liabilities 
C) Assets = Liabilities + Shareholder Equity 
D) Liabilities + Assets = Shareholder Equity 
E) None of the above

Question 3

An income statement will never include a line for:

Accepted Answer

A) Depreciation 
B) COGS 
C) SG&A costs 
D) Taxes on profits 
E) Accounts payable 
A) Depreciation 
B) COGS 
C) SG&A costs 
D) Taxes on profits 
E) Accounts payable

Question 4

It is better to let your accountant articulate the numbers of your business idea to potential investors.

Accepted Answer

A) True 
 B)False

Question 5

What are examples of revenue drivers?

Accepted Answer

a.How many customers you will

Question 6

A financial statement that displays each item as a percentage of a common-base figure is called:

Accepted Answer

A) A Keynesian statement 
B) A common-size statement 
C) A statement of residuals 
D) A comparable statement 
E) A matching statement 
A) A Keynesian statement 
B) A common-size statement 
C) A statement of residuals 
D) A comparable statement 
E) A matching statement

Question 7

The first step in Revenue Projections is to calculate the median revenue of your products in the product mix.

Accepted Answer

A) True 
 B)False

Question 8

The chapter recommends that you should construct monthly income and cash flow statements for the first:

Accepted Answer

A) 1 year 
B) 2 years 
C) 3 years 
D) 4 years 
E) 5 years 
A) 1 year 
B) 2 years 
C) 3 years 
D) 4 years 
E) 5 years

Question 9

It is critical to show the first two years of pro-forma projections on a monthly basis because this is when a company is most vulnerable to failure.

Accepted Answer

A) True 
 B)False

You should attempt to calculate your operating costs before you start a business.

Which of the following equations is true about the Balance Sheet under GAAP?

An income statement will never include a line for:

It is better to let your accountant articulate the numbers of your business idea to potential investors.

What are examples of revenue drivers?

A financial statement that displays each item as a percentage of a common-base figure is called:

The first step in Revenue Projections is to calculate the median revenue of your products in the product mix.

The chapter recommends that you should construct monthly income and cash flow statements for the first:

It is critical to show the first two years of pro-forma projections on a monthly basis because this is when a company is most vulnerable to failure.

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters

Exam 8: Building Your Pro Forma Financial Statements

You should attempt to calculate your operating costs before you start a business.

Which of the following equations is true about the Balance Sheet under GAAP?

An income statement will never include a line for:

It is better to let your accountant articulate the numbers of your business idea to potential investors.

What are examples of revenue drivers?

A financial statement that displays each item as a percentage of a common-base figure is called:

The first step in Revenue Projections is to calculate the median revenue of your products in the product mix.

The chapter recommends that you should construct monthly income and cash flow statements for the first:

It is critical to show the first two years of pro-forma projections on a monthly basis because this is when a company is most vulnerable to failure.

The Power of Entrepreneurship

The Entrepreneurial Process

Opportunity Recognition, Shaping, and Reshaping

Understanding Your Business Model and Developing Your Strategy

Entrepreneurial Marketing

Building the Founding Team

The Business Planning Process

Facing Entrepreneurial Ventures Worldwide

Raising Money for Starting and Growing Businesses

Debt and Other Forms of Financing

Legal and Tax Issues, Including Intellectual Property

Entrepreneurial Growth

Social Entrepreneurship: an Overview

Filters