Homework: Cookie Creations
The homework for this course will focus on the Cookie Creations case study from the textbook. This is the beginning of the case involving Natalie, who is investigating the possibility of starting her own business.
For this homework, you will apply what you have learned from the unit lesson and the required unit resources. This homework will allow you to practice what you have learned so far. You will be working on this same case study throughout this course.
The Cookie Creations case study. Read the case study, and answer the questions below.
o What form of business organization (i.e., proprietorship, partnership, or corporation) do you recommend that Natalie use for her business? Discuss the benefits and weaknesses of each form, and explain the reasons for your choice.
o Will Natalie need accounting information? If yes, what information will she need, and why? How often will she need this information?
o Identify specific asset, liability, and owner's equity accounts that Cookie Creations will likely use to record its business transactions.
o Should Natalie open a separate bank account for the business? Why, or why not?
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.