610A

Create a Pro-Forma balance sheet, income statement, and statement of cash flow projecting the first year of our product in the business. These preliminary projections are based on research and data collected so far and will likely change, once our products are commercialized. Each statement should address the financial components of features, expenses, and sales of your product or service. It is typical for net income to be negative at this point. Do not assume that you have sales at this point unless you have sold your product or service.

You are starting a new business: You need to create the following:

Balance sheet:

Income statement:

Statement fo cash flow:

Fixed and variable expenses:

Start-up expenses:

Breakeven analysis:

Your start-up is an athletic clothing line for women size 14 and up. To see which way we should go when we put our products out on the market. (You can use any figures you want, as this is a fictional business). This business will be having a different company manufacturing our clothes at another location. Our 24/7 customer helpline and online ordering will be located in our own offices in Las Vegas, NV. There is no upper management at the start, just the owner, who will draw an initial salary, of $2,000.00 per month. There will initially be 10 phone customer service operators, at $10.00 per hour. Our website is ready to go when we are able to have sufficient inventory. We need to create the statement categories listed above.