Question
Prepare a one-year pro forma budget for a new startup to include a consolidated balance sheet, statement of cash flows, and income statement for the
Prepare a one-year pro forma budget for a new startup to include a consolidated balance sheet, statement of cash flows, and income statement for the first year.
Assets
equipment 2800
computer 1850
camera 2200
microphone 500
lightning 1650
total operating assets = $9000
Depreciation is 5% monthly
fixed expenses - $700 monthly
Sales
service 1 price= $159 - COGS= 30% of price
service 2 price= $159 - COGS= 50% of price
Budgeted sales are ten purchases to start for each service and monthly growth of 20% in sales for both.
Thank you in advance, and will vote up for an adequate solution.
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