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The assignment requires you to form a new business and to write a brief introduction about it

The assignment requires you to form a new business and to write a brief introduction about it (name, services or products, legal form, merchandising or manufacturing, retail or wholesale, size, industry, etc…) (4 marks) 2. In deciding on the legal form for your business, discuss the reasons for your choice. (4 marks) 3. There are different financing options that are available to you to finance your business. Provide a list of at least 3 financing options that are suitable and relevant to your business. (4 marks) 4. One of your financing options is to take a loan from the bank. Prepare a projected Balance Sheet and a projected Income Statement that you will be required to lodge with your loan application to the bank. (Use arbitrary numbers that correspond with your business plan). (12 marks) 5. Briefly define the role of accounting as it relates to your business (your answer should include accounting information, users of information, accounting process, financial accounting and management accounting, etc...) (4 marks) 6. Discuss whether financial statement analysis would be useful for the managers of the business (include in your answer the types of analysis that can be used and how they are useful). (4 marks) 7. Discuss the considerations that the management of your business would take into account in deciding on whether to distribute profits or to retain them in the business. (4 marks)

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