Financial Plan (First Draft)

Anonymous
timer Asked: May 13th, 2019
account_balance_wallet $20

Question Description


Financial Plan (First Draft)

This week, you will build your draft financial plan. You will need to do it for the first two years. Use the Comparable method (please refer to chapter 9 of your textbook for further information).

For this week, complete the following:

  • Complete a list of key financial assumptions that drive your revenue projections, cost of goods sold and operating expenses. Identify 2-3 companies to benchmark (financial information can be found on their annual reports which are public). Include 3 APA style references for your assumptions.
  • An opening day balance sheet (your balance sheet MUST BALANCE)
  • A monthly cash flow statement for years 1 and 2
  • An income statement for years 1 and 2
  • A chart or graph showing growth from start-up through year 2

Please use this template to build your pro-forma financial statements. Please be aware, the included worksheets do not interact with one another. You will need to enter information on each of the worksheets.

These pro-forma financial statements do not include a graph/chart required for item 5.

Grading Criteria AssignmentsMaximum Points
Meets or exceeds established assignment criteria40
Demonstrates an understanding of lesson concepts20
Clearly presents well-reasoned ideas and concepts30
Uses proper mechanics, punctuation, sentence structure, spelling, and APA formatting10
Total100


















Chapter 9 of book : Entrepreneurship

Andrew Zacharakis; William D. Bygrave; Andrew C. Corbett

Tutor Answer

Perfectsolutions
School: UT Austin

Attached.

Company Name
By: Your name
Income Statement
Years 1 to 5
($)
Year 1
NET REVENUES

Year 2

Year 3

Year 4

Year 5

1

1

1

1

1

COST OF REVENUE
% of Revenues

1
100%

1
100%

1
100%

1
100%

1
100%

GROSS PROFIT
% of Revenues

0
0%

0
0%

0
0%

0
0%

0
0%

OPERATING EXPENSES
Sales & Marketing
Research & Development
General and Administration
Total Operating Expenses
% of Revenues

0
0
0
0%

0
0
0
0%

0
0
0
0%

0
0
0
0%

0
0
0
0%

EARNINGS FROM OPERATIONS

0

0

0

0

0

EXTRAORDINARY INCOME / (EXPENSE)

0

0

0

0

0

EARNINGS BEFORE INTEREST & TAXES

0

0

0

0

0

INTEREST INCOME / (EXPENSE)

0

0

0

0

0

NET EARNINGS BEFORE TAXES

0

0

0

0

0

TAXES

0

0

0

0

0

NET EARNINGS
% of Revenues

0
0

0
0

0
0

0
0

0
0

Company Name
By: Your name
Cash Flow Statememt
Year 1 by Months

Cash Flow Statement
Year 1 by Months
Month 1
OPERATING ACTIVITIES
Net Earnings
Depreciation
Working Capital Changes
(Increase)/Decrease Accounts Receivable
(Increase)/Decrease Inventories
(Increase)/Decrease Other Current Assets
Increase/(Decrease) Accts Pay & Accrd Expenses
Increase/(Decrease) Other Current Liab
Net Cash Provided/(Used) by Operating Activities

Month 2

Month 3

Month 4

0
0

0
0

0
0

0
0

0
0
0
0
0
0

0
0
0
0
0
0

0
0
0
0
0
0

0
0
0
0
0
0

0

0

0

0

0

0

0

0

0

0

0

0

INCREASE/(DECREASE) IN CASH

0

...

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Review

Anonymous
Thanks, good work

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