In Your Solutions Section of a Technology-Focused Business Plan Which

question 21

Multiple Choice

In your solutions section of a technology-focused business plan which of the following do you want to do?

• A) Stress your organizational team
• B) Emphasize your go-to-market strategy
• C) Show robust financial projections
• D) Show your IP strategy

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Uncollectible

denotes accounts receivable that cannot be collected and are therefore written off as a loss by a business.

Adjustment

An entry in bookkeeping that corrects or allocates income and expenditure to the appropriate accounting periods.

Income Statement Approach

Refers to a methodology in accounting that emphasizes calculating the profitability of a business by deducting total expenses from total revenues to arrive at the net income, showcasing the company's financial performance over a specific period.