Answer the following questions:

1. You are required to form a business and to write a brief introduction about it (name, services or products, legal form, merchandising or manufacturing, retail or wholesale, size, industry, etc...)

2. In deciding on the legal form for your business, discuss the reasons for your choice.

3. Discuss the different financing options to set up your business and the reasons for

your choice (s).

4. Identify the users of accounting information for your business and briefly discuss on

how each can use the information.

5. Assume that the cash flow from operating activities for your business has been negative over the recent years, discuss the various steps that you are likely to take to improve the situation.

6. Assume that you want to improve the profitability of your business. Discuss the operational decisions that you are likely to take to improve the related ratios.

7. Discuss the decisions you are likely to take to ensure your business survives the COVID-19 impact.

Please note that you will need to address these questions in a way that is specific, appropriate, and directly relevant to the business chosen. (I am not after general information. You will need to be specific and your answers should be relevant and suitable to the characteristics of the business you have chosen