Angela Has Just Graduated and Is Ready to Go on with Her

question 24

Essay

Angela has just graduated and is ready to go on with her life.She loves good food and loves to party so she decides to combine her two loves and open a restaurant/bar.Although she has a lump sum of money she doesn't have management experience or management knowledge since she was a French major in school.When she approaches landlords to find a suitable place for her business they see that she is likely to not be successful on her own so they won't deal with her.What might she do to best accomplish her goal of restaurant/bar ownership?

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Definitions:

Credit Card Sales

Transactions where customers use credit cards to pay for goods or services, resulting in receivables for the seller.

Periodically Recorded

Financial transactions or events that are recorded at regular intervals, such as monthly, quarterly, or annually.

Bank Credit Cards

Financial instruments issued by banks that allow cardholders to borrow funds with which to pay for goods and services, subject to the agreement that the funds will be repaid.

Credit Sales

Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.