Capstone Course Assignment Details - Week 4 Discussion Forum 1 help

Anonymous

Question Description

Part 1: Primary Task

Within the Discussion Forum area, write at least 250 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Consider the importance of the financial viability of your concept. All factors such as menu price, ingredient cost, labor cost, fixed and variable expenses need to be taken into account.

  • Explain the importance of an operation using/having a monthly profit and loss statement.
  • Explain the concept of creating a P and L Pro Forma; include what it is and how it can be used in a business plan.

Tutor Answer

peachblack
School: University of Maryland

Please find attached. Thank you.

Running head: FINANCIAL VIABILITY

1

Financial Viability
Name
Institution

FINANCIAL VIABILITY

2
Financial Viability

Financial viability is a way in which a business organization generates sufficient income
to meet the operating capital of their enterprise. The income would aid in the maintenance of the
business and fix it where applicable. Therefore, financial viability is important in an organization
because it develops the business and expands it (K...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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