Assume that you are starting your own coffee shop. You will need to develop budgeted income statement and balance sheet for the next three years. Your goal is to apply the budget concepts and formulate strategies for operational sustainability. Task: Model Financial Statement Budgets for a Coffee Shop a. Income statement budget model for 3 years. b. Balance sheet budget model for 3 years. Hints (USE $ as currency + make it a low budget business + see the attached tables as refrernce to the kind of required tables)

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter3: Cost Behavior
Section: Chapter Questions
Problem 38P: Friendly Bank is attempting to determine the cost behavior of its small business lending operations....
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Assume that you are starting your own coffee shop. You will need to develop budgeted
income statement and balance sheet for the next three years. Your goal is to apply the budget
concepts and formulate strategies for operational sustainability. Task: Model Financial
Statement Budgets for a Coffee Shop a. Income statement budget model for 3 years. b.
Balance sheet budget model for 3 years. Hints (USE $ as currency + make it a low budget
business + see the attached tables as refrernce to the kind of required tables)
Transcribed Image Text:Assume that you are starting your own coffee shop. You will need to develop budgeted income statement and balance sheet for the next three years. Your goal is to apply the budget concepts and formulate strategies for operational sustainability. Task: Model Financial Statement Budgets for a Coffee Shop a. Income statement budget model for 3 years. b. Balance sheet budget model for 3 years. Hints (USE $ as currency + make it a low budget business + see the attached tables as refrernce to the kind of required tables)
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