WhatsApp Widget

ASSIGNMENT 1: Balance Sheet versus Income Statement Part A Study the article Sample Balance Sheet and Income Statement for Small Business to answer the following

ASSIGNMENT 1: Balance Sheet versus Income Statement

Part A

Study the article Sample Balance Sheet and Income Statement for Small Business to answer the following questions in a 250-word essay:

What is the difference between the balance sheet and the income statement?
How can the information on both statements influence your investment decision-making?

FreshBooks. (2022, July 11). Sample balance sheet and income statement for small businessLinks to an external site.. https://www.freshbooks.com/hub/reports/sample-balance-sheet-and-income-statement-small-business

Part B

Apply what you learned in Part A. Read the scenario below and complete the statements. Be specific as to which statement you are addressing.

Emilio is trying to decide whether to buy a used pickup truck or a new one for his business. The used truck costs less, but Emilio is concerned it will need a lot of costly repairs because it’s an older model. The new truck will likely have higher insurance costs and a larger monthly payment. Based on your spending experience and personal knowledge, what would you recommend to Emilio?

If Emilio decides to buy the new truck, how would that affect both the income statement and balance sheet?

The income statement will…
The balance sheet will…

Submission Instructions:

The writing is to be clear and concise, and you will lose points for improper grammar, punctuation, and misspelling.
The Part A essay is to be no shorter than 250 words and no more than 300 words. You will automatically lose points if these limits are not followed.
Add your answers for Part B after the conclusion of the essay.
Attach the completed balance sheet and income statement to the end of the essay

This module provides you with the opportunity to work on specific management and business issues that organisations are facing. Utilising your problem-solving skills and
Module Summary and Description This module provides you with the opportunity to work on specific management and business issues that organisations are facing. Utilising your problem-solving skills and competences of handling and managing business challenges. Starting from problem identification and concluding with solution related recommendations, thus encouraging research into real world business and management issues… Read more: This module provides you with the opportunity to work on specific management and business issues that organisations are facing. Utilising your problem-solving skills and
Instructions for assessment The assessment is an individual project appraisal report. The project is a recent business takeover or merger to be investigated in detail
Instructions for assessment The assessment is an individual project appraisal report. The project is a recent business takeover or merger to be investigated in detail. The report should be 3,000 words plus appendices containing slides, spreadsheet analysis and learning logs. A business case should be made to justify the takeover bid. Your report should contain:… Read more: Instructions for assessment The assessment is an individual project appraisal report. The project is a recent business takeover or merger to be investigated in detail
Accounting standards are principles and guidelines aiming to ensure consistency and comparability in financial reporting. Legislation, on the other hand
Activity 1: Working effectively 1.1 Name and describe two (2) ways you could find other professionals in the accounting and bookkeeping industry. 1.2 Accounting standards are principles and guidelines aiming to ensure consistency and comparability in financial reporting. Legislation, on the other hand, are Acts of Parliament that mandate specific accounting practices and… Read more: Accounting standards are principles and guidelines aiming to ensure consistency and comparability in financial reporting. Legislation, on the other hand
Promoting and delivering EDI in the workplace is an essential aspect of good people management. To reap the benefits of EDI, it’s about creating working environments and cultures
People Management Organisational Learning and Development This unit focuses on how applying core professional behaviours such as ethical practice, courage and inclusivity can build positive working relationships and support employee voice and well-being. It considers how developing and mastering new professional behaviours and practice can impact performance Equality, diversity and inclusion (EDI) in the workplace… Read more: Promoting and delivering EDI in the workplace is an essential aspect of good people management. To reap the benefits of EDI, it’s about creating working environments and cultures
For this assignment, find an online article that refers to a change in the market of a good or service. Once you find an article, answer the following questions. [Note that the word “article” is
Upload your respond to the Canvas page associated with your assigned Discussion Section For this assignment, find an online article that refers to a change in the market of a good or service. Once you find an article, answer the following questions. [Note that the word “article” is defined loosely. As long as you can… Read more: For this assignment, find an online article that refers to a change in the market of a good or service. Once you find an article, answer the following questions. [Note that the word “article” is