Problem
A. Describe the three financial statements, what are their components. What is their importance to the Bank and investors?
B. Explain why the entrepreneur must understand the financial statements, the importance of fixed and variable costs, the sources of financing and sales of the company.
C. Indicate what business decisions the owner can make based on the financial statements.
D. How does price and sales affect your financial statement.
E. What accounting and financial software and aids exist to assist business owners in managing their company's finances?