Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shipping costs are $ 4 per Comfy ( either to the customer directly or to the store / QVC ) . Additionally, the brothers have

Shipping costs are $4 per Comfy (either to the customer directly or to the store/QVC).
Additionally, the brothers have rolled out an advertising platform and website:
thecomfy.com 3. Customer acquisition costs (the cost of accepting
credit cards and advertising on Facebook) are approximately $6 per comfy and occur the same month as the sale, regardless of the venue sold.
Creating a Comfy Proforma
Using the percentage of sales approach and the company's expectations of sales in the chart below, create a proforma income statement and balance
sheet. Determine any additional funding needed in order to sustain the projected growth rate. The Shark wants her 30% of profits in the form of a cash
dividend paid out. The Speciale brothers have promised to re-invest their money into the business for the first three years.
Need help with year 2 and year 3
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Legal Aspects Of Trade Finance

Authors: Charles Chatterjee

1st Edition

1857433890, 978-1857433890

More Books

Students also viewed these Finance questions