CH3

Question 1

Financial Projections
with
Local Omani Content

Answer 1

Start-Up Investment
Fixed Cost
Variable Cost
Assets
Liabilities
Owner’s Equity

Question 2

studies show that 75-80% of the small business establishments cease to trade because

Answer 2

they lack skills in managing finance, not because of lack of money or because they are unprofitable.

Question 3

Managing Finance

Answer 3

• Financial Statements:
• Income statements
• Balance sheets
• Cash flows
• Sources and uses of funds statement
• Preparation of Budgets
• Management of working capital, Inventory and Debtors