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Finance & Accounting
Pages 10 (2510 words)
By preparing financial statements, the management of the company is able to distinguish its value in the market and how the company has performed. Whether business is a new startup or an already established business, preparing financial statements helps the organization in knowing the profitability and the worth of the company, therefore, it is an important part of any organization. …
The given report projects the financial statement for a start up business to acquire business loan. By preparing the financial statements of the organization, the management would be able to know how they have performed in one year after establishing a new business in the USA market. Initially, details of the planned business are given below on the basis of which projections are arrived at:
Anna Amphlett and Andrew Ferris plan to start up business in Seattle's Pike Place Market under the trade-marked name of Aussie Pies. Business would conduct production and distribution of Australian meat pies. Idea of exploring opportunity for a meat pie in the US arrived from Anna Amphlett and Andrew Ferris’s visit to Australia where the mentioned product is a national snack having huge market mainly during sports.
Meat pies are hand sized pot pie made with pastry and filled with minced (ground) beef gravy. The pie has short crust bottom and flaky pastry top. The meat pie is about four inches in diameter and traditionally in hand with tomato sauce (tomato Ketchup) and accompanied by cold beer.
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