https://www.youtube.com/watch?v=Uw5zGAIP1MI&t=1shttps://www.youtube.com/watch?v=LTJUoy3kQ5chttps://www.youtube.com/watch?v=h_tx6NF_nD8https://www.youtube.com/watch?v=oEe4OWqy1n8(1) Based on the videos for this week what do you think is the most important aspect of financial reporting/planning? What leads you to that conclusion? One technique that can help is to copy and paste the questions right into your response and then answer each question. This serves as a roadmap for the reader and a check-list for the writer to make sure that nothing is overlooked. This is your homework, so make sure to use proper grammar and punctuation.(2) What is the concept of break-even? How do you calculate it?(3) Please download the sample spreadsheet (simple version) (Links to an external site.) from this week’s readings, articles, and videos overview. What sales price would lead to an annual net income of $1,955? How much external funding would we require to operate for the year starting with a balance of zero?(4) Okay, now this one is a little more challenging. Use the same model and make it so that your rent expense starts at $700 and increases by $700 for every additional increment of $10,000 in sales. Based on a sales price of $75 how does this change your result? Please explain the changes you had to make and share your formula – there are several different ways to get the desired effect.(5) Please post your SMM and BMC for your project (business) and explain briefly what the business concept is, the value proposition, the market need, and identify the critical elements for success.
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