1. From "How much money is enough" a. Your company's out of pocket expenses are $30,000 per month; and b. You extend credit of $120,000 per year. What is the amount of money you need to have access to for working capital? 2. Describe three ways you might use to forecast the sales for the first year of your business. 1. What is the difference between "Cost of Goods Sold and Operating Expenses'? Please see Dahl's notes, Understanding Financial Statements. 2. What are 4 reasons why you would use financial statements? Please see Dahl's notes, Understanding Financial Statements. 1. From "How much money is enough" a. Your company's out of pocket expenses are $30,000 per month; and b. You extend credit of $120,000 per year. What is the amount of money you need to have access to for working capital? 2. Describe three ways you might use to forecast the sales for the first year of your business. 1. What is the difference between "Cost of Goods Sold and Operating Expenses'? Please see Dahl's notes, Understanding Financial Statements. 2. What are 4 reasons why you would use financial statements? Please see Dahl's notes, Understanding Financial Statements