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Need help setting up a proforma balance sheet for the information below. Sales increase will stay the same for year one and year two while
Need help setting up a proforma balance sheet for the information below. Sales increase will stay the same for year one and year two while we continue to grow our company at a 5% increase per month, and an increase in sales is expected in Year 3 at 7% per month. Sales Year 1 -119,378 Year 2 -214,387 Year 3 -440,932 | |
The start-up cost for Pawsitive Pet Care will be provided through a | |
bank loan in the amount of 4,000,000 from Chase Bank at a 5% interest rate. | |
Facility | $1,200,000 |
Product inventory | $9,924 |
Salaries and Wages | $207,360 |
Land | $950,000 |
Legal Fees and Taxes | $200 |
Advertisement | $25,000 |
Insurance | $2,000 |
Vehicle | $25,000 |
Utilities | $5,000 |
Business License | $350 |
Website | $45 |
Pet First Aid Class | $150 |
Total required for start-up | $2,424,529 |
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