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Financial Information Case.docx

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Department
Accounting
Course
ACC 110
Professor
noclue
Semester
Fall

Description
Case 1 - Financial Information Part 2: Your friend has returned after 2 weeks and he has now completed a business plan. It looks great - he forecasts a profit in the first year of approximately 20% of the total investment! His business plan includes a 5 year forecast for the income statement which predicts that he will be able to sell 90% of his used-book purchases every year. His operating costs are low as he plans to run the business out of his mother's basement with the garage as a secondary space if the business grows. His advertising strategy is great - he plans to post on the university provided sites, put up posters before school starts at all the university stu
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