Question
Business planning involves the development of a pro forma income statement. What is a pro forma income statement and describe what you may expect to
Business planning involves the development of a pro forma income statement. What is a "pro forma" income statement and describe what you may expect to see in a pro forma income statement in a business plan? Please describe briefly the major components of a business plan. What are some of the uses of business plans?
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Answer A pro forma income statement is a financial projection that outlines the expected revenues expenses and net income of a business for a specific future period typically one year It is based on a...
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
