you inherited $$100,000$ from your great$-$aunt when she passed away. You have decided to use the $$100,000$ as seed money to start$-$up a lawn care business. You intend to do the following:

Buy a small building to store equipment and serve as your office $($$$50,000$ total$).$

Land $$10,000$

Metal Building as is $($with power$)$ $$40,000$

Purchase equipment for the business that includes

$3$ Used trucks $($$$45,000$ total$)$

$3$ Riding Lawnmowers $($$$15,000$ total$)$

$3$ hand mower $($$$1500$ total$)$

Other equipment $($$$2500$ total$)$

Office equipment including

Office phone and $3$ cell phones $($$$2500$ total$)$

Computer and software $($$$2000$ total$)$

Desk, files, and other equipment $($$$2500$ total$)$

Start$-$up working capital of $$25,000$ to operate until profitable

Advertising budget of $$15,000$ for the first six months

Some of the assumptions for the case

You can hire personnel for $$15\mathrm{.}00$ per hour

You anticipate that your landscape season is from March through October.

Are you going to operate one or two personnel per truck? Why?

Based on your market research you anticipate that you generate $$3000$ per week with a one$-$man crew per truck, and $$4500$ per week with a two$-$man crew working $40$ hours per week.

Some things to consider: What are other expenses to include such as$,$ but not limited to$,$ fuel, repairs, supplies, employment taxes, benefits if any, telephone, utilities, interest on loans, depreciation, taxes and more.

The assignment is to prepare a three$-$year proforma of the balance sheet, income statement, and cash flow statement by quarter for three years assuming that the business will begin operating in March of $20$xx$.$ You will prepare the financial documents, along with a narrative introducing the project as if presenting to a bank for a loan. Be sure to include: $(1)$ sources and uses, $(2)$ what happens if your projections are off by $20\%$ up or down? $(3)$ relevant financial ratios, and percent of sales figures.