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Prepare a financial plan for Best Buy Describe Best Buy, including the type of business. Create the business case. Determine why funding is needed for
Prepare a financial plan for Best Buy
Describe Best Buy, including the type of business.
Create the business case.
- Determine why funding is needed for the company.
- Determine the sources of funding. Considerself-funding, borrowing, equity, venture capital, etc.
- Evaluate the requirements of each funding source you determined appropriate.
- Analyze the associated risks of each funding source.
- Decide which sources are the best fit for your company based on the requirements of each. Justify your decision.
- Estimate the cost of capital for both short-term and long-term funding sources. Research current estimated APRs for your selected sources of funding. Consider creating a table or chart to display this information.
- All the above items should be submitted via an MS Word document (700 to 1050 words is the minimum range)
Create a profit-and-loss statement for a 3-year period. Project revenue, stating realistic assumptions, such as growth per year, in your projections.
Estimate direct costs, including capital, marketing, labor, and supply costs.
Spreadsheet -- the above two items should be done via a MS Excel Spreadsheet (please show your work in the cell background when calculations are involved.
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