Energy Rain Financial Plan Income Statement and Balance Sheet

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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:

  1. 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.
  2. Outline a plan for hiring and retaining competent, motivated employees for your business.
  3. Prepare an outline for a "pitch," i.e., a short 20-30 minute business plan presentation that will be made to lenders or investors.
  4. Include at least two (2) references outside the textbook.

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Explanation & Answer

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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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