Anna, a $21$ year old mba graduate is ready to turn her long time dreams into reality by starting North shore canoe expedition $.$ This venture aims to offer tranquil canoe trips from north Vancouver, captitalizing on her experience and passion for the outdoors. She needs a comprehensive business plan to get her business off the ground

Business plan:

Anna$$s initial pklan involves using one canoe to offer tours six days a week for $24$ weeks a year:

$$ Tour for one guest: $$130$ per tour, $5$ tours a week

$$ Tour for one guest and one child under $16$: $$155$ per tour, $5$ tours per week

$$ Couple $($two guest$)$: $$195$ per tour, $9$ tours per week

In the second month, she plans to add a second canoe, offering three one$-$hour tours daily. She will hire an employee for $30$ hours per week and expects the following tour offerings and prices:

$$ Single guest: $$130$ per tour, $8$ tours per week

$$ Single guest with a child under $10$: $$160$ per tour, $6$ tours per week

$$ Couple$($two guest$)$: $$210$ per tour, $20$ tours per week

She is concerned about potential internal control issues and seeking trategies to mitigate business risks.

Anna$$s cousin, a marketing student, will help with marketing for the the first two months for free. Afterwards anna plans to hire her for $$1000$ per month. The initial marketing cost bis estimated at $$95$ per for flyer printing. Without marketing, she projects a $10\%$ drop in sales.

Cost analysis:

$$ Month $1$ wage expense$($anna and her father$)$: $$42$ per guest

$$ Month$2$ onwards wage expense: $$28$ per guest

$$ Administrative employee wage expense: $$24$ per hour

$$ Life jacket rental expense per tour: $$50$ per tour

$$ Repair and insurance: $95$ per week

$$ Other business costs: $$190$ per week

Start$-$up cost

$$ Two canoes: $$19,000$ each

$$ Warehouse rental: $2300$ per month

$$ Large tent: $2900$

$$ Portable table and chairs: $$1800$

$$ Cash register and battery: $$1400$

Anna has $$10,000$ in savings and is evaluating the best financing option, whether debt or equity, she asks for your opinion.

To attract more customers, anna is considering a $20\%$ discount during the off$-$season to attract more customers, this would be an extra $12$ weeks after the two months assuming the sales would drop by $10\%$ in these $12$ weeks compares to the second month.

prepare an income statement with the following account memo, find the issues, explain the impact of each issue and recommend solution