Description
Apply the concepts we discussed from the third chapter of our text to the opening of DogTOWN.
How are these concepts relevant? How will an understanding of them they help us be more successful? For this chapter I expect to see some sort of proforma financial statements, even if they are based on MANY assumptions.
Try to be SPECIFIC, even if that requires making assumptions.
DogTOWN is the fictional business we will work with throughout the semester
file attached
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Hey buddy here is the results. I chose the gaming business option. Kindly check it out
PRO FORMA INCOME STATEMENT FOR DOG TOWN COMPANY LIMITED
PROFIT AND LOSS PROJECTION
DOG TOWN COMPANY LIMITED
INCOME STATEMENT
AS AT 31st DECEMBER 2017 THROUGH TO 31st DECEMBER 2019
2017
2018
2019
700
$21
$14,700
1200
$21
$25,200
1600
$21
$33,600
Number of Gaming income
Average Weekly rate
Weekly Rental Total $
50
$71
$3,,550
90
$71
$6,390
120
$71
$8,520
Number of Gaming income
Average Monthly rate
Monthly Rentals Total $
8
$110
$880
14
$110
$1,540
18
$110
$1,980
Sales
Number of daily Gaming income
Average Daily rate(Adult/Child)
Daily Rental Total $
Total Sales $
$19,130
$33,130
$44,100
Cost of sales
Updating Gaming softwares
Gross Profit
$758
$18,372
$1,304
$31,826
$1,738
...