Description
With this assignment
you are creating two important elements of a financial plan: an Income
Statement and Balance Sheet. You also are preparing an outline of a
presentation of your business plan to potential investors or lenders.
Using the business you created from Assignments 2 and 3, write a three to four (3-4) page paper in which you:
- Prepare a simple pro forma (projected) income statement and balance sheet for the first two years of operation, using income projections and incorporating an advertising plan.
- Outline a plan for hiring and retaining competent, motivated employees for your business.
- Prepare an outline for a "pitch," i.e., a short 20-30 minute business plan presentation that will be made to lenders or investors.
- Include at least two (2) references outside the textbook.
Explanation & Answer
Your work is ready. Have a look at it. In case of any questions, feel free to let me know.
Running Head: FINANCIAL PLAN
Financial Plan
Student’s Name:
Course Title:
Date:
FINANCIAL PLAN
1
Energy Rain’s Pro Forma Statement for the first two years.
Year 1
Year 2
$700,000
$950, 000
Revenue
Gross sales
Less allowances + sales returns $900
$1400
Net Sales
$699, 100
$948600
Purchases
$1,000,000
$900,000
Goods Available for sale
$1,000,000
$1,300,000
Less stock inventory
$400,000
$600,000
Cost of goods sold
$600,000
$700,000
Gross profit
$99,100
248,600
Advertising
$11,300
$8,000
Salaries and wages
$30,000
$32,000
Repairs
$200
$300
Taxes
$2000
$2100
Miscellaneous
$400
$300
Total operating Expenses
$43,900
$42,700
Net income
$55,200
$205900
Cost of Sales
Operating Expenses
FINANCIAL PLAN
2
...
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