Financial statements for hypothetical business venture

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Reference no: EM132308569

Part 3 will focus on the financials for your business. Students will demonstrate their financial literacy by preparing Pro-forma financial statements (financial projections) for a hypothetical business venture. These statements will involve assumptions based on your research of the business, industry, and location. Please be sure to include sections that describe the sources and uses of funding, a one-year cash flow projection (broken into each of twelve months), an annual income statement, a beginning (day 1) and ending (end of year 1) balance sheet, and a breakeven analysis. You will need to visit www.bizstats.com to obtain financial statement standards for your industry. If industry standards are not available, you will need to contact me. Based on the industry selected, you should then select a proposed location. While a specific location (address) is not required, you may find that selecting a specific location aids in developing the start-up cost estimates. Please be sure that your financials are prepared in excel, but that they are converted into a single pdf before submission.

Reference no: EM132308569

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