Question: Provide an example of how to write a financial plan for a new appliance repair business. Include a balance sheet and an income statement. Explain

Provide an example of how to write a financial plan for a new appliance repair business.

Include a balance sheet and an income statement.

Explain your reasoning behind each of the items.
Balance Sheet
Capital Investment
Income Statement
Revenue: Sales
Expenses:
Cost of goods sold
Operating expenses
Interest expense (Capital Investment)
Gross profit
Taxes
Net Profit

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The first step to writing a financial plan is to identify your financial goals These goals should be aligned with your longterm and shortterm goals Is your goal to build a business save money for coll... View full answer

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