The business I chose for my project is a food truck business called Butter Breeze. The description is attached.
For the entrepreneur, the pro forma financial statements provide a path to follow in preparing the start-up and operating during its initial period.
The requirements for this week’s assignment is:
– Prepare the pro forma financial statements. 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, prepare an explanation discussing how you arrived at the various figures.
| – Analysis of the capital and cash needs that the new venture will require for its first year. | |
| – Prepare a pro forma balance sheet describing the financial position of the organization at the end of the year. | |
| – Prepare a pro forma statement of cash flow for the first year. | |
| – Prepare a pro forma income statement for the first year. | |
| – Describe how the figures in the pro forma financial statements were derived and why you think that they are accurate. | |
| – Demonstrate good organization, including a strong introduction and conclusion |
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