Question
Help! I need a balance sheet, income statement, and projections over a 3 year period! Please write out formulas so I can see how the
Help! I need a balance sheet, income statement, and projections over a 3 year period! Please write out formulas so I can see how the answer was found, will give 5 stars to whoever can answer it accurately! The scenario is I am trying to get $300,000 to start a business in a foreign country How you plan to use the $300,000
1 time startup costs:
Gently used food trucks- $25,000 per truck (3 trucks)
Vehicle Inspection- $100 per truck (3 trucks)
Retrofit and/or bring up to code: $40,000 per truck (3 trucks)
Generator-$5000 per truck (3 trucks)
Register- $1250 per truck (3 trucks)
Paint/Graphics- $3000
Track Wrap (logos etc)- $3500
Start up food purchases- $1200
Utensils/paper/plastic goods- $900
Website Design- $400
Startup office supplies and equipment- $600
Initial advertising and public relations- $700
Fees for legal and professional team- $ 500
Permits and licensing- $12,000
Recurring costs for Startup (per month):
Payroll- $3500
Kitchen/Food prep/Commissary rent- $500
Credit card machines- $100
Fuel- $900
Insurance- $400 per truck (3 trucks)
Grand total- $243,550 with $56,450 cash on hand
Financial statements forecast (3 years)
Business health assessment - using the following ratios:
o Liquidity ratios
o Solvency ratios
o Asset management ratios
o Profitability ratios
o Market value ratios
How you plan to use the $300,000
1 time startup costs:
Gently used food trucks- $25,000 per truck (3 trucks)
Vehicle Inspection- $100 per truck (3 trucks)
Retrofit and/or bring up to code: $40,000 per truck (3 trucks)
Generator-$5000 per truck (3 trucks)
Register- $1250 per truck (3 trucks)
Paint/Graphics- $3000
Track Wrap (logos etc)- $3500
Start up food purchases- $1200
Utensils/paper/plastic goods- $900
Website Design- $400
Startup office supplies and equipment- $600
Initial advertising and public relations- $700
Fees for legal and professional team- $ 500
Permits and licensing- $12,000
Recurring costs for Startup (per month):
Payroll- $3500
Kitchen/Food prep/Commissary rent- $500
Credit card machines- $100
Fuel- $900
Insurance- $400 per truck (3 trucks)
Grand total- $243,550 with $56,450 cash on hand
Financial statements forecast (3 years)
Business health assessment - using the following ratios:
o Liquidity ratios
o Solvency ratios
o Asset management ratios
o Profitability ratios
o Market value ratios
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