9/U6: Forecasted Profit/Loss Statement for the first year and a Balance Sheet.
9/U6: Forecasted Profit/Loss Statement for the first year and a Balance Sheet.
For the proposed new product or service for your final project, create a Forecasted Profit/Loss Statement for the first year and a Balance Sheet. To access and download templates for each, follow the links below:
Profit/Loss Statement Template: https://templates.office.com/?legRedir=true&qu=Profit+Loss+Statement&ex=1&CorrelationId=06eb8baa-c621-48d3-96bf-d11803ba179f#ai:TC103986991%7C
Balance Sheet Template:
https://templates.office.com/?legRedir=true&qu=Balance+Sheet&ex=1&origin=TC103844935&CorrelationId=04cbcb6d-e05e-4f8b-8c37-df1a831c2a99#ai:TC103934533%7C
You will need to submit the Profit/Loss Statement and Balance Sheet for grading, as well as a one-page supplemental document that includes the background, rationale, and assumptions for the numbers included on the financials. Be sure to include the following:
1. Forecast Revenue for 12 months
2. Forecast Operating Expenses for 12 months
3. Calculation of the projected profit/loss for the first year
4. Documentation of the expected total assets and liabilities
9/U6: Forecasted Profit/Loss Statement for the first year and a Balance Sheet.
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