Accounting and Finance | Projected Financial Statements

Running head: ACCOUNTING AND FINANCE
Accounting and Finance
Name of the Student
Name of the University
Authors Note
Course ID

ACCOUNTING AND FINANCE1
Table of Contents
Projected Financial Statements:.................................................................................................2
Income Statement:..................................................................................................................2
Projected Cash Flow:.............................................................................................................3
Projected Balance Sheet:........................................................................................................5
Financial Compliance Plan Strategy:.........................................................................................5
Funding Plan:.............................................................................................................................5
Break-Even:................................................................................................................................5
Financial Management:..............................................................................................................6
Financial Feasibility:..................................................................................................................6
Taxes:.........................................................................................................................................6
Recordkeeping:..........................................................................................................................6
Other rules and regulations:.......................................................................................................7
Staffing or outsourcing:..............................................................................................................7
Financial problem identification and contingency plan:............................................................7
Contingency Planning:...............................................................................................................8
Bibliography:..............................................................................................................................9

ACCOUNTING AND FINANCE2
Projected Financial Statements:
Income Statement:
INCOME Year 1
Operating Income
Sales (302400 x 6 bus) 18,14,400
$ 18,14,400
Total INCOME $ 18,14,400
EXPENSES
Operating Expenses
Security Deposit 2,000
Rent (2000 x 12) 24,000
Office Supplies 10,000
Insurance (750 x 12 x 6 bus) 54,000
Bus Expenses (8400 x 12 x 6 bus) 6,04,800
Driver Salary (8400 x 12 x 6 bus) 6,04,800
Employee salary (3360 x 12 x 2) 80,640
Owners Salary 60,480
Marketing Expenses 3,000
Total Operating Expenses $ 14,43,720
Gross Profit $ 3,70,680
INCOME Year 2
Operating Income
Sales (302400 x 8 bus) 24,19,200
$ 24,19,200
Total INCOME $ 24,19,200
EXPENSES
Operating Expenses
Rent (2000 x 12) 24,000
Insurance (750 x 12 x 8 bus) 72,000
Bus Expenses (8400 x 12 x 8 bus) 8,06,400
Driver Salary (8400 x 12 x 8 bus) 8,06,400