ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The point at which sales and costs are equal and a business is neither making nor losing money
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Target Markets
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Document describing a business; used to test feasibility, raise capital, & serve as a road map for future operations
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Cash Flow Statement
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Detailed explanation-1: -A cash flow statement is a financial statement that provides aggregate data regarding all cash inflows that a company receives from its ongoing operations and external investment sources. It also includes all cash outflows that pay for business activities and investments during a given period.
Detailed explanation-2: -Cash and cash equivalents are consolidated into a single line item on a company’s balance sheet. It reports the value of a business’s assets that are currently cash or can be converted into cash within a short period of time, commonly 90 days.
Detailed explanation-3: -A profit and loss (P&L) statement, also referred to as an income statement, is used to evaluate current financial condition and prospects for growth. A P&L summarizes business revenues generated and expenses incurred over a specific period of time.
Detailed explanation-4: -The cash flow statement shows the source of cash and helps you monitor incoming and outgoing money. Incoming cash for a business comes from operating activities, investing activities and financial activities.