Signature Assignment Instructions: Your signature assignment is the most important assessment tool for this course, so please spend enough time on it to make it a representation of your skills and what you've learned in this course. The signature assignment will be submitted in three parts: Part 1: You will submit a Word document that contains a cover page, a table of contents, and a reference page that includes most of the sources you will use for writing this paper. Hint - you will need to do research based on the instructions and that is how you will know what sources to use and what your table of contents will contain. Part 1 is due in Week 8 on Sunday. Part 2: You will submit a Word document that presents all your answers/analysis/recommendations for the topic of this assignment. All spreadsheet work needs to be integrated into this Word document. See detailed instructions below. This assignment is due in Week 9 on Sunday. Part 3: You will submit a PowerPoint Presentation of your signature assignment. You will record the presentation within PowerPoint. It is your responsibility to make sure the recording works on any device. The instructor will not adjust your presentation if you did not check for compatibility, especially if you are using an Apple device and do not have MS Office installed (paid version for Apple). The presentation is due on Saturday in Week 10. Assignment: 1. In week 1, you were asked to describe a business you would like to be involved in. Please introduce this business as your opening paragraph for this signature assignment. Make sure you include enough information about this business for a possible investor. The business form you must choose is either a Sole Proprietor or a Limited Liability Partnership. (300 words minimum) 2. You will prepare the following for the business described above: a) Income Statement b) Statement of Cashflow (direct method) Use the following information to prepare the various statements: Receipts Payments $ 20,000.00 $ 2,400.00 $ 650.00 $ 8,500.00 $ 8,500.00 Date Transaction Description 1/1/2020 Cash deposit to start business 1/1/2020 Three month's rent for office/store space 1/1/2020 Investment in current asset 1/1/2020 Additional current assets paid for 1/31/2020 Receipts for sales in January 2020 2/7/2020 Material supplied in January paid for 2/25/2020 Cash withdrawn by owner(s) 2/29/2020 Receipts for sales in February 2020 3/15/2020 Material supplied in February paid for 3/16/2020 Utility charges for Jan, Feb, Mar 2020 3/31/2020 Receipts for sales March 2020 3/31/2020 Balance in bank on March 31st 2020 $ 6,500.00 $ 15,000.00 $ 11,000.00 $ 6,000.00 $ 300.00 $ 18,000.00 $ 18,150.00 7,500.00 7,500.00 3. After the first three months of doing business, you want to calculate some ratios to see how your business is doing. You are considering a loan in the amount of $20,000 to upgrade your store/office and you want to make sure that you can afford the loan payments ($750 per month for 3 years) Use the income statement you created in part 2 of this assignment and calculate at least two ratios that can be calculated from an income statement (Hint: not all ratios can be calculated from an income statement!) Based on your calculations, comment on whether or not you should take out the loan for $20,000. Be specific and explain your decision in detail! (500 words minimum for part 3; this includes the calculations, why you chose them and what they represent). 4. The week 8 discussion was about corporate governance and control. The assumption for your business is that you are starting out as either a sole proprietor or a limited liability company. Depending on your decision, explain in detail how corporate governance would apply to you, what your commitment to social responsibility would look like, and what you will do to ensure your business is sustainable and profitable in the long-term. (minimum word count: 600). The total word count for this assignment is a minimum of 1400 words, which roughly translates into 4 pages. The page count does not include the cover page, the table of contents, the reference page, nor the two financial statements you are asked to prepare. Please follow APA guidelines! Instructions for Presentation: The final part of the signature assignment is a PowerPoint presentation. Here are the requirements for a good presentation: . Cover slide with your name and the course name (you can include SSU and the date) Overview slide of what you will present with a short recorded narrative Do not use sentences on your slides; use keywords only! Use images (Pixbay.com has a large amount of images that are free and not copyright protected) Your recording must match what's on the slide - if you use an Apple device, make sure your presentation/recording is compatible and can be accessed. THIS IS YOUR RESPONSIBILITY! If the instructor cannot listen to your presentation, you will receive a failing grade for this part of the signature assignment. Your last slide should be a reference slide showing the sources you used. You can copy/paste it from your written assignment. Please note that this last part of the signature assignment is due on Saturday. Signature Assignment Instructions: Your signature assignment is the most important assessment tool for this course, so please spend enough time on it to make it a representation of your skills and what you've learned in this course. The signature assignment will be submitted in three parts: Part 1: You will submit a Word document that contains a cover page, a table of contents, and a reference page that includes most of the sources you will use for writing this paper. Hint - you will need to do research based on the instructions and that is how you will know what sources to use and what your table of contents will contain. Part 1 is due in Week 8 on Sunday. Part 2: You will submit a Word document that presents all your answers/analysis/recommendations for the topic of this assignment. All spreadsheet work needs to be integrated into this Word document. See detailed instructions below. This assignment is due in Week 9 on Sunday. Part 3: You will submit a PowerPoint Presentation of your signature assignment. You will record the presentation within PowerPoint. It is your responsibility to make sure the recording works on any device. The instructor will not adjust your presentation if you did not check for compatibility, especially if you are using an Apple device and do not have MS Office installed (paid version for Apple). The presentation is due on Saturday in Week 10. Assignment: 1. In week 1, you were asked to describe a business you would like to be involved in. Please introduce this business as your opening paragraph for this signature assignment. Make sure you include enough information about this business for a possible investor. The business form you must choose is either a Sole Proprietor or a Limited Liability Partnership. (300 words minimum) 2. You will prepare the following for the business described above: a) Income Statement b) Statement of Cashflow (direct method) Use the following information to prepare the various statements: Receipts Payments $ 20,000.00 $ 2,400.00 $ 650.00 $ 8,500.00 $ 8,500.00 Date Transaction Description 1/1/2020 Cash deposit to start business 1/1/2020 Three month's rent for office/store space 1/1/2020 Investment in current asset 1/1/2020 Additional current assets paid for 1/31/2020 Receipts for sales in January 2020 2/7/2020 Material supplied in January paid for 2/25/2020 Cash withdrawn by owner(s) 2/29/2020 Receipts for sales in February 2020 3/15/2020 Material supplied in February paid for 3/16/2020 Utility charges for Jan, Feb, Mar 2020 3/31/2020 Receipts for sales March 2020 3/31/2020 Balance in bank on March 31st 2020 $ 6,500.00 $ 15,000.00 $ 11,000.00 $ 6,000.00 $ 300.00 $ 18,000.00 $ 18,150.00 7,500.00 7,500.00 3. After the first three months of doing business, you want to calculate some ratios to see how your business is doing. You are considering a loan in the amount of $20,000 to upgrade your store/office and you want to make sure that you can afford the loan payments ($750 per month for 3 years) Use the income statement you created in part 2 of this assignment and calculate at least two ratios that can be calculated from an income statement (Hint: not all ratios can be calculated from an income statement!) Based on your calculations, comment on whether or not you should take out the loan for $20,000. Be specific and explain your decision in detail! (500 words minimum for part 3; this includes the calculations, why you chose them and what they represent). 4. The week 8 discussion was about corporate governance and control. The assumption for your business is that you are starting out as either a sole proprietor or a limited liability company. Depending on your decision, explain in detail how corporate governance would apply to you, what your commitment to social responsibility would look like, and what you will do to ensure your business is sustainable and profitable in the long-term. (minimum word count: 600). The total word count for this assignment is a minimum of 1400 words, which roughly translates into 4 pages. The page count does not include the cover page, the table of contents, the reference page, nor the two financial statements you are asked to prepare. Please follow APA guidelines! Instructions for Presentation: The final part of the signature assignment is a PowerPoint presentation. Here are the requirements for a good presentation: . Cover slide with your name and the course name (you can include SSU and the date) Overview slide of what you will present with a short recorded narrative Do not use sentences on your slides; use keywords only! Use images (Pixbay.com has a large amount of images that are free and not copyright protected) Your recording must match what's on the slide - if you use an Apple device, make sure your presentation/recording is compatible and can be accessed. THIS IS YOUR RESPONSIBILITY! If the instructor cannot listen to your presentation, you will receive a failing grade for this part of the signature assignment. Your last slide should be a reference slide showing the sources you used. You can copy/paste it from your written assignment. Please note that this last part of the signature assignment is due on Saturday