Question
Ques: Makea statement of cash flows for the first year with the following information. Investment $25000. Revenue: Design services range anywhere from $2500 to $8000
Ques: Makea statement of cash flows for the first year with the following information.
Investment $25000.
Revenue:
Design services range anywhere from $2500 to $8000 per project.
Hourly rates range from $50 to $100 per hour.
Expecting 4 projects per month in the beginning for about: $20,000
Expecting 6-8 projects per month after 4-6 months: $50,000
Total Yearly, expected revenue: $240,000 - 400,000
Expenses:
One time Start up expenses:
Business registration, establishing accounting, obtaining permits and licenses: $1,000
Acquisition of hardware and software: $10,000
Advertisement cost for the first month: $5000
Total one-time expense: $16,000
Monthly expenses:
Advertising on radio and various social media platforms: $2,000 monthly
Subscriptions: $1000 monthly
Salary: $8,000 monthly
Total expenses: $11,000
Total Yearly, expected expenses: $132,000 - 150,000
Profit after tax about: $92,000 - $280,000
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