Question
Provide an example of how to write a financial plan for a new appliance repair business. Include a balance sheet and an income statement. Explain
Provide an example of how to write a financial plan for a new appliance repair business.
Include a balance sheet and an income statement.
Explain your reasoning behind each of the items.
Balance Sheet
Capital Investment
Income Statement
Revenue: Sales
Expenses:
Cost of goods sold
Operating expenses
Interest expense (Capital Investment)
Gross profit
Taxes
Net Profit
Step by Step Solution
3.42 Rating (142 Votes )
There are 3 Steps involved in it
Step: 1
The first step to writing a financial plan is to identify your financial goals These goals should be aligned with your longterm and shortterm goals Is your goal to build a business save money for coll...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managing Information Technology
Authors: Carol Brown, Daniel DeHayes, Jeffrey Hoffer, Wainright Marti
7th Edition
132146320, 978-0132146326
