September 2023 BUSI4046 Pro Forma Budget 24 Hour Multicultural Family Restaurant Analyzing the

2024 Pro Forma Budget AROMA Assignment Help

BUSI4046 Pro Forma Budget 24 Hour Multicultural Family Restaurant Analyzing the 2023

BUSI4046 Pro Forma Budget – 24 Hour Multicultural Family Restaurant Analyzing the Capital and Cash Needed Before any new venturesis to begin finding investors or lenders to help them get the company started, a proper analysis of how much capital and cash with a list of the expenses is needed in order to fully explain to the investors/lenders what the money is needed for, what it will be used on specifically and when they should expect to see some returns on their investments/loans. As with any new venture, I will have to do the same in order to know exactly how much money I would need to get by business started. Below is a list of expenses with prices that I am expecting to need in order to have my company fully open and ready for business. List of Expenses: · Building construction (including heat and air conditioning and ventilation installation) = $200,000 – $250,000 · Utilities/month = $2,000 – $2,500 = $24,000 – $30,000/year · Machinery/Equipment = $150,000 – $200,000 · Furniture (Tables, chairs, reception, etc) = $20,000 · Tableware (silverware, dishes, etc) = $10,000 · Licenses and permits = $7,000 · Insurance = $8,000 · Point-of-sales system (including cash registers, computers, etc) = $8,000 · Food and drinks delivery = $15,000 · Marketing (including menus, flyers, advertising, business cards, etc) = $3,000 · Staff (uniforms, wages, training, etc) = $30,000 – Initial starting costs Total approximate startup cost range = $475,000 – $550,000 This is the average price that most other restaurants that have built their own building have paid in the past, this means that all my pricing and the list of expenses I made seems to be on the right track according to other restaurant owners. Also another thing to consider, all the prices that were input in the list above are all high-end approximations which means there is room for changes or unexpected expenses without having to worry about getting more money. Pro Forma Balance Sheet Assets Current Assets  – Cash and Cash Equivalents  – Accounts Receivable  – Inventory $53,000 Total Current Assets  $53,000 Buildings and Equipment/Machinery $450,000 Total Assets  $503,000 Liabilities and Shareholders’ Equity Current liabilities – Accounts Payable – Accrued Expenses $78,000 Total Current Liabilities $78,000 Long-Term Liabilities – Long-Term Debt $450,000 Total Liabilities $528,000 Shareholders’ Equity Retained Earnings $300,000 Total Shareholders Equity $203,000 Total Liabilities and Shareholders Equity $503,000 Pro Forma Statement of Cash Flow Cash flows from Operating Activities Net Income – Changes in working capital – Depreciation $22,500 Increase in Accounts Receivable – Increase in Accrued Expenses – Increase in Inventory $20,000 Increase in Accounts Payable – Total Adjustment $42,500 Net cash Provided by Operating Activities $100,000 Cash Flows from Investing Activities – Purchase of Building and Equipment $450,000 Net Cash Flows Provided by investing – Cash Flows from Financing Activities – – Proceeds from increase in long-term debt – Principle reduction in long-term debt $4,000 Net Cash Flow Provided by Financing – Increase in Cash $10,000 Cash and Cash Equivalents beg of year $50,000 Cash and Cash Equivalents end of year $70,000 Assignment -5Pro Forma Budget INSTRUCTIONS: OBJECTIVE: 1. Identify the cash and resource needs of the new business. 2. Prepare cash flow, income and balance sheet. – 3 pages DESCRIPTION: Building on your organization design, you will begin to put numbers to the activities you have planned for your new business. In this assignment, you will create a financial plan based on your best knowledge of how your enterprise will start and operate for its initial period, usually a year. It is recognized that this plan is based on your best guesses of capital needs, costs and expenses. More importantly, this plan will help you determine how much money you will need to launch your business and operate it. INSTRUCTIONS: 1. Review the discussion of pro forma financial statements in chapter 8 of the text. o Chapter 8 discusses the process of financial management and its importance for forecasting, which is critical for the entrepreneur contemplating a start-up. The ability to demonstrate a firm grasp of the finances underlying a new endeavour shows prospective investors that the entrepreneur understands his or her financial needs and holds a realistic view of revenues. For the entrepreneur, the pro forma financial statements provide a path to follow in preparing the start up and operating during its initial period. 2. Prepare the pro forma financial statements. o Based on your best understanding at this point, you will prepare a consolidated balance sheet, statement of cash flows and income statement for the first year. 3. Explain your pro forma statements in an accompanying document. o Along with these pro forma financial statements, you will prepare an explanation, discussing how you arrived at the various figures. 4. Review the rubric for this assignment. EVALUATION: The following rubric indicates those areas you should be focusing on in preparing your assignment, and how the instructor will weigh these components relative to one another. Activity/ Competencies Demonstrated Grade Content: Students are expected to  demonstrate competency in regards to critical thinking, communication  (spelling, grammar) and APA formatting in their response to the following  learning outcomes a. Analysis the capital and cash  need that the new venture will require for its first year /20 b. Prepare a pro forma balance  sheet describing the financial position of the organization at the end of the  year /15 c. Prepare a pro forma statement of  cash flow for the first year /15 d. Prepare a pro forma  income statement for the first year /15 e. Describe how the figures in the  pro forma financial statements were derived and why you think that they are  accurate /20 f. Demonstrate good organization,  including a strong introduction and conclusion /15 Total /100 Assignment  Value (5%) /5

#write essay #research paper #blog writing #article writing #academic writer #reflective paper #essay pro #types of essays #write my essay #reflective essay #paper writer #essay writing service #essay writer free #essay helper #write my paper #assignment writer #write my essay for me #write an essay for me #uk essay #thesis writer #dissertation writing services #writing a research paper #academic essay #dissertation help #easy essay #do my essay #paper writing service #buy essay #essay writing help #essay service #dissertation writing #online essay writer #write my paper for me #types of essay writing #essay writing website #write my essay for free #reflective report #type my essay #thesis writing services #write paper for me #research paper writing service #essay paper #professional essay writers #write my essay online #essay help online #write my research paper #dissertation writing help #websites that write papers for you for free #write my essay for me cheap #pay someone to write my paper #pay someone to write my research paper #Essaywriting #Academicwriting #Assignmenthelp #Nursingassignment #Nursinghomework #Psychologyassignment #Physicsassignment #Philosophyassignment #Religionassignment #History #Writing #writingtips #Students #universityassignment #onlinewriting #savvyessaywriters #onlineprowriters #assignmentcollection #excelsiorwriters #writinghub #study #exclusivewritings #myassignmentgeek #expertwriters #art #transcription #grammer #college #highschool #StudentsHelpingStudents #studentshirt #StudentShoe #StudentShoes #studentshoponline #studentshopping #studentshouse #StudentShoutout #studentshowcase2017 #StudentsHub #studentsieuczy #StudentsIn #studentsinberlin #studentsinbusiness #StudentsInDubai #studentsininternational