Create a financial statement for your hypothetical new business venture. Using the attached Excel template, and based
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Question:
Create a financial statement for your hypothetical new business venture. Using the attached Excel template, and based on surveying a specific marketplace, make a best-guess estimated statement exhibiting profit and loss.
[Your Company Name] | ||||||
Income Statement | ||||||
For the Year Ended [Month/Date/Year] | ||||||
Revenue: | ||||||
Gross Sales | $0.00 | |||||
Less: | Sales Returns and Allowances | $0.00 | ||||
Net Sales | $0.00 | |||||
Cost of Goods Sold: | ||||||
Beginning Inventory | $0.00 | |||||
Add: | Purchases | $0.00 | ||||
Direct Labor | $0.00 | |||||
Indirect Expenses | $0.00 | |||||
$0.00 | ||||||
Less: | Ending Inventory | $0.00 | ||||
Cost of Goods Sold | $0.00 | |||||
Gross Profit (Loss) | $0.00 | |||||
Expenses: | ||||||
Advertising | $0.00 | |||||
Bank Charges | $0.00 | |||||
Commissions | $0.00 | |||||
Contract Labor | $0.00 | |||||
Credit Card Fees | $0.00 | |||||
Delivery Expenses | $0.00 | |||||
Dues and Subscriptions | $0.00 | |||||
Insurance | $0.00 | |||||
Interest | $0.00 | |||||
Maintenance | $0.00 | |||||
Miscellaneous | $0.00 | |||||
Office Expenses | $0.00 | |||||
Payroll | $0.00 | |||||
Permits and Licenses | $0.00 | |||||
Postage | $0.00 | |||||
Professional Fees | $0.00 | |||||
Property Taxes | $0.00 | |||||
Rent | $0.00 | |||||
Telephone | $0.00 | |||||
Travel | $0.00 | |||||
Utilities | $0.00 | |||||
Total Expenses | $0.00 | |||||
Net Operating Income | $0.00 | |||||
Other Income: | ||||||
Gain (Loss) on Sale of Assets | $0.00 | |||||
Interest Income | $0.00 | |||||
Total Other Income | $0.00 | |||||
Net Income (Loss) | $0.00 | |||||
Related Book For
Business Law Text and Cases
ISBN: 978-1337374491
14th edition
Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross
Posted Date: