QUESTION 1: How do the balance sheet, income statement and statement of cash flows each present a different view of the financial well-being of the firm? What were your takeaways from reviewing Tesla's balance sheet? What else would you like to reflect on this week?

QUESTION 2:

A) In words, explain why the balance sheet equation must balance?

B) What is the meaning of (owner's) equity?

C) Downriver Excursions LLC buys a new boat on credit for $10,000.How does this affect the income statement, balance sheet, and statement of cash flows for that calendar year?What if anything will be affected and by how much?

D) Downriver Excursions LLC buys a new boat on credit for $10,000.How does this affect the income statement, balance sheet, and statement of cash flows for that calendar year?What if anything will be affected and by how much?

QUESTION 3: Based on the following financial information, construct the balance sheet and income statement for Tonka Trucking LLC for the year ending December 31, 2019.

Accounts Receivable $40,000

Depreciation Expense $50,000

Accumulated Depreciation $200,000

Cost of Goods Sold $50,000

Income Tax Expense $50,000

Cash $50,000

Sales Revenue $400,000

Equipment (Before Accumulated Depreciation) $400,000

Selling, General, and Administrative Expenses $100,000

Common Stock (1,000 shares) $100,000

Accounts Payable $50,000

Retained Earnings $100,000

Interest Expense $50,000

Inventory $10,000

Long-term Debt $50,000

This week we will return one last time to the sharing economy.Your assignment is to develop the concept for a new business for this market space.For example, you may decide that there ought to be a business coordinating the sharing of lawn mowers.(You don't have to pull a Fred Smith on this assignment.)There are two main deliverables.First, you're to work out the value proposition including target market, problem addressed, your solution, and the points of difference between your solution and what's currently available. If possible.Second, you're to specify how your business might attempt to capture some portion of the value generated and answer whether that value would be sufficient to build a viable business.

QUESTION 4: Choose a company with which you are familiar. This can either be a place in which you have worked or have access to information via the internet. Answer the 5 key questions of stakeholder analysis from the perspective of the company. In some cases there can be hundreds of stakeholders so for the sake of brevity, limit your analysis to only major stakeholders.