You are gonna found a new company and create a balance sheet for this company and answer the questions. This company doesnt exist right now. We should create it.

CONCLUSION 10 PTS DO YOU THINK YOUR COMPANY WILL BE PROFITABLE? WHAT CHANGED IN YOUR VIEW, WHEN YOU COMPARE BEFORE AND AFTER YOU MADE YOUR FINANCIAL PLAN. THANK YOU... CHAPTER 2 PROFORMA INCOME STATEMENT : 40 PTS List how much you think you will sell in each month o These numbers should be based on your sales forecast. The period is for one year. RECALL how to make a sales forecast from the master budget ppt. Do not forget to consider the effects of covid-19 crises. List how much you think your expenses will be for each month. How many employees do you need? Materials? Advertisement? Do not forget depreciation. Considers 10 years, zero residual and straight line. Do not forget interest expense. INTRODUCTION: 10 pts In Introduction part, please tell us about your business. What business are you opening? For simplicity, it would be better to choose a merchandiser or a service company. What is the name of your company? Describe the business you will do. Where is it located? When will you start your business? ( Please choose a date in 2021 ) CHAPTER 1PROFORMA BALANCE SHEET : 30 PTS FOR JAN 1, 2021 Start with the right side of the balance sheet. Long term Liabilities Include the value of any liabilities you are not likely to pay off in the next year. (You will need your loan annual interest and principal payments for 1 year. The principal payment for this year will be current liability. Interest expense will go to the proforma income statement. Find an example of a loan from the web.) Owners Equity This is the owner's value in the company (the amount invested). How much money should you invest in the company? CONCLUSION 10 PTS DO YOU THINK YOUR COMPANY WILL BE PROFITABLE? WHAT CHANGED IN YOUR VIEW, WHEN YOU COMPARE BEFORE AND AFTER YOU MADE YOUR FINANCIAL PLAN. THANK YOU... CHAPTER 2 PROFORMA INCOME STATEMENT : 40 PTS List how much you think you will sell in each month o These numbers should be based on your sales forecast. The period is for one year. RECALL how to make a sales forecast from the master budget ppt. Do not forget to consider the effects of covid-19 crises. List how much you think your expenses will be for each month. How many employees do you need? Materials? Advertisement? Do not forget depreciation. Considers 10 years, zero residual and straight line. Do not forget interest expense. INTRODUCTION: 10 pts In Introduction part, please tell us about your business. What business are you opening? For simplicity, it would be better to choose a merchandiser or a service company. What is the name of your company? Describe the business you will do. Where is it located? When will you start your business? ( Please choose a date in 2021 ) CHAPTER 1PROFORMA BALANCE SHEET : 30 PTS FOR JAN 1, 2021 Start with the right side of the balance sheet. Long term Liabilities Include the value of any liabilities you are not likely to pay off in the next year. (You will need your loan annual interest and principal payments for 1 year. The principal payment for this year will be current liability. Interest expense will go to the proforma income statement. Find an example of a loan from the web.) Owners Equity This is the owner's value in the company (the amount invested). How much money should you invest in the company