1. Think of a new business idea, and estimate what revenues you would receive for it, and what expenses you could incure. Please customise the template to your need!

   HW Revenue Budget.xlsx

Income Statement&Start up Expenses 4 vertex42 Think of a new business idea, and estimate what revenues you would receive for it, and what expenses you could incure. Please customise the template to you 2020 2021 2022 Revenue Sales revenue (Less sales retums and allowances) Service revenue Interest revenue Other revenue Total Revenues Expenses Purchase Construction Remodeling Fumiture Equipment Fixtures Machinery Legal and accounting fees Prepaid insurance Pre-opening salaries Business License Website Recruitment Advertising Loan interest Commissions Cost of goods sold Depreciation Employee benefits Fumiture and equipment Insurance Interest expense Maintenance and repairs Office supplies Payroll taxes Rent Research and development Salaries and wages Software Travel Utilities Web hosting and domains Other Total Expenses Net Income Before Taxes Income tax expense Income from Continuing Operations Below-the-Line Items Income from discontinued operations Effect of accounting changes Extraordinary items Net Income [Conpany Name] I Income Statement For the Years Ending [Dec 31, 2014 and Dec 31, 2013) vertex42 Income Statement Template 2008-2014 Vertex 42 LLC 2013 Revenue Gross sales (Less sales returns and allowances) Net Sales 2014 181,683 (10,000) 171,683 Cost of Goods Sold Beginning inventory Goods purchased or manufactured Total Goods Available (Less ending inventory) Cost of Goods Sold 130,028 130,028 130,028 Gross Profit (Loss) 41,655 16.616 Expenses Advertising Bad debt Commissions Depreciation Employee benefits Furniture and equipment Insurance Maintenance and repairs Office supplies Payroll taxes Rent Research and development Salaries and wages Software Travel Utilities Web hosting and domains Other Total Operating Expenses 16,192 32,808 Operating Income (Loss) Non-operating revenues, expenses, gains, losses (Less interest expense) Income Before Taxes (Less income tax expense) Income From Continuing Operations 8,847 12,762 (6,113) 15,496 (1.069) 14,427 Below-the-Line Items Income from discontinued operations Extraordinary items Cumulative effect of accounting changes Net Income 14.427