Question: please give me the answer for this which is for the restaurant business and give me unique answer not that which is already on chegg
- please give me the answer for this which is for the restaurant business and give me unique answer not that which is already on chegg
- Review the discussion of pro forma financial statements in Chapter 8 of the text.
- Chapter 8 discusses the process of financial management and its importance for forecasting, which is critical for the entrepreneur contemplating a start-up. The ability to demonstrate a firm grasp of the finances underlying a new endeavour shows prospective investors that the entrepreneur understands his or her financial needs and holds a realistic view of revenues. For the entrepreneur, the pro forma financial statements provide a path to follow in preparing the start-up and operating during its initial period.
- Prepare the pro forma financial statements.
- Based on your best understanding at this point, you will prepare a consolidated balance sheet, statement of cash flows, and income statement for the first year.
- Explain your pro forma statements in an accompanying document.
- Along with these pro forma financial statements, you will prepare an explanation discussing how you arrived at the various figures.
- Review the rubric for this assignment.
- Submit your assignment through the link below.
- Your instructor will review and grade your idea and return it with comments.
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