Consider how theGreen Cars Corporation business that you are developing a business plan for will manage cash-flow, financial controls, and financial planning. Post your plans on the discussion board and respond to at least two others' results.

Green Cars Corporation
Balance Sheet
At December 31, 2024
Assets	2024
Current Assets
Cash in Bank	$18,587
Prepaid Insurance (80% ops, 20% adm)	$33,000
Total Current Assets	$51,587
Fixed Assets
Machinery & Equipment (10 EV's)	$400,000
Acc Dep, Machinery and Equip	$40,000
App	$15,000
Business Permits and Licences	$2,160
Total Fixed Assets	$377,160
Total Assets	$428,747
Liabilities & Net Worth
Current Liabilities
Accounts payable	$152
Taxes Payable	$1,011
Total Current Liabilities	$1,163
Long-Term Liabilities
Bank Loans Payable (10 years, 12% interest rate)	$329,719
Short-Term Portion	$36,635
Total Bank Loan	$366,354
Total Liabilities	$367,517
Owners' Equity (Net Worth)	$50,000
Retained earnings	$11,230
Total Liabilities & Net Worth	$428,747

12-Month Income Statement (Profit & Loss Statement)
Green Cars Corporation
Insert Year:	2024
	January	February	March	April	May	June	July	August	September	October	November	December	YEARLY
Revenue (Sales)
Membership	3,000	3,300	3,600	3,900	4,200	4,500	4,800	5,100	5,400	5,700	6,000	6,300	55,800
Kilometers	3,600	3,960	4,320	4,680	5,040	5,400	5,760	6,120	6,480	6,840	7,200	7,560	66,960
Hours	2,160	2,376	2,592	2,808	3,024	3,240	3,456	3,672	3,888	4,104	4,320	4,536	40,176
Total Revenue (Sales)	8,760	9,636	10,512	11,388	12,264	13,140	14,016	14,892	15,768	16,644	17,520	18,396	162,936
Cost of Goods Sold
Electricity	72.00	79.20	86.40	93.60	100.80	108.00	115.20	122.40	129.60	136.80	144.00	151.20	1,339
Parking	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	1,200	14,400
Insurance	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	24,000
Total Cost of Goods Sold	3,272	3,279	3,286	3,294	3,301	3,308	3,315	3,322	3,330	3,337	3,344	3,351	39,739
Gross Profit	5,488	6,357	7,226	8,094	8,963	9,832	10,701	11,570	12,438	13,307	14,176	15,045	123,197
Operating Expenses
Rent Expense / App maintenance fee	100	100	100	100	100	100	100	100	100	100	100	100	1,200
Salary/Wage Expenses	3,396	3,396	3,396	3,396	3,396	3,396	3,396	3,396	3,396	3,396	3,396	3,396	40,752
Maintenance Expense	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	12,000
Advertising Expense	200	200	200	200	200	200	200	200	200	200	200	200	2,400
Telephone/Internet Expense	64	64	64	64	64	64	64	64	64	64	64	64	768
Insurance Expense	500	500	500	500	500	500	500	500	500	500	500	500	6,000
Interest from Loans (if applicable)	4,071	4,071	4,071	4,071	4,071	4,071	4,071	4,071	4,071	4,071	4,071	4,071	48,847
Total Expenses	9,331	9,331	9,331	9,331	9,331	9,331	9,331	9,331	9,331	9,331	9,331	9,331	111,967
Net Profit	-3,843	-2,974	-2,105	-1,236	-367	501	1,370	2,239	3,108	3,977	4,845	5,714	11,230