SUMMARY Description of the business Mission —The mission of Budget Cars will be to buy and sell a desirable mix of quality used cars, trucks, and vans, and to create a friendly atmosphere where Budget Cars will be known for being your family used car center. The location is in Alpena, Michigan.
Josephine Smith, Capital In the case of a corporation, equity would be listed as common stock, preferred stock, and retained earnings.
The balance sheet reports the resources of the entity. It is useful when evaluating the ability of the company to meet its long-term obligations. Comparative balance sheets are the most useful; for example, for the years ending December 31, and December 31, Income Statement The income statement presents the results of the entity's operations during a period of time, such as one year.
The simplest equation to describe income is: Expenses are outflows incurred to produce revenue. Income from operations can be separated from other forms of income. In this case, the income can be described by: Statement of Owners' Equity Statement of Retained Earnings The equity statement explains the changes in retained earnings.
Retained earnings appear on the balance sheet and most commonly are influenced by income and dividends. The following equation describes the equity statement for a sole proprietorship: The stockholders' equity in a corporation is calculated as follows: Afterwards, market trading does not affect this part of the equity calculation.
Stockholders' equity does not change when the stock price changes! Cash Flow Statement The nature of accrual accounting is such that a company may be profitable but nonetheless experience a shortfall in cash.
The statement of cash flows is useful in evaluating a company's ability to pay its bills. For a given period, the cash flow statement provides the following information: Sources of cash Uses of cash Change in cash balance The cash flow statement represents an analysis of all of the transactions of the business, reporting where the firm obtained its cash and what it did with it.
It breaks the sources and uses of cash into the following categories: Operating activities Investing activities Financing activities The information used to construct the cash flow statement comes from the beginning and ending balance sheets for the period and from the income statement for the period.
Recommended Reading Ittelson, Thomas R. Using Appleseed Enterprises, Inc. It then explains ratio analysis techniques to evaluate the financial statements, "creative" but legal accounting techniques, and illegal techniques of "cooking the books.As a business plan reviewer and analyst, I find it amazing how many entrepreneurs give this section the least weight or skip it altogether.
The operational plan is an essential component to your business plan and it tells the reviewer how your going to get your product/service out to . A Business Plan can be used to build the framework for your new or existing Trusted Legal Forms · Preview Your Document · Live Help, Chat, PhoneTypes: Professional Services, Retail, Agriculture, Construction, Technical Services.
Chapter 1 Be Laser Focused on Your Customers.
Your customers, prospects, and partners are the lifeblood of of your business. You need to build your marketing strategy around them. The purpose of this roller rink is to provide Boise with an entertainment facility especially for the growing Hispanic community.
It will offer a family atmosphere and a high quality sound system, as well as offering special party rates. Business Plan Pro is the fastest, easiest business plan software for small business, startups, and corporate business planning.
Features include + sample business plans, SBA-approved format, Excel integration, and more. The 4 financial statements: an introduction. Note that the premium on the issuance of stock is based on the price at which the corporation actually sold the stock on the market.