Sba business plan template and urgent business

Assignment Help Financial Accounting

Reference no: EM13960128

Visit SBA Business Plan Template and Urgent Business Forms to familiarize yourself with a range of different business forms.

After reviewing this week's reading, and visiting the web sites that offer additional information about financial statements and balance sheets, you will explain and prepare an income statement.

Complete the following:

In a document totaling a minimum of one page, explain the following parts of an income statement:

Gross profits

Operating expenses

Operating profits

Net profits

Prepare an income statement for a profitable small business. Include at least 10 operating expenses. Use an income tax rate of 25%.

Reference no: EM13960128

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