Business Finance Homework Help

Help me study for my Accounting class. I’m stuck and don’t understand.

Relate your discussion of the following issues to a business plan for a proposed Open MRI Clinic. (26 points) (A 1½ -page response is required.)

1. State three (3) reasons why budgeting is an essential part of a business plan.
2. Discuss how financial statement information, including ratio analysis, would assist an Open MRI Clinic in its business planning.
3. Discuss the significance of breakeven analysis to business planning.