Objectives

On successful completion of this assessment, students should be able to:

• develop a budget for a EV Startup, projecting costs associated with the venture,
• analyze the funding need and provide breakdown of appropriate cost centers, and
• identify the profit or loss for the venture in year one and show when the business will be profitable.

Brief Description

The assignment requires the completion of a budget to project costs associated with the new venture and will be used as a guide in terms of how much funding is needed to launch the business. The budget statement should reference the EV Station. The budget statement will be augmented with notes to explain the choices and projections.

Submission Instructions

Write a paper including the budget for your EV Station. The paper should include notes to accompany and explain the budget decisions and budget lines. The paper should follow the APA guidelines for format and citation. In your assignment you should:

1. Identify the problem the venture will address and its scope.
2. Support claims about the problem with appropriate sources, including at least three academic sources such as books, juried articles.
3. Demonstrate the validity of the idea and identify what makes this a true opportunity.

IMPORTANT:

Write about EV Charging station

Better do this is good enough

a. Analysis of the capital and cash need that the new venture will require for its first year.
b. Prepare a pro forma balance sheet describing the financial position of the organization at the end of the year.
c. Prepare a pro forma statement of cash flow for the first year.
d. Prepare a pro forma income statement for the first year.
e. Describe how the figures in the pro forma financial statements were derived and why you think that they are accurate.
f. Demonstrate good organization, including a strong introduction and conclusion

PLEASE DONOT COPY.