Assume that you are starting your own coffee shop. You will need to develop budgetedincome statement and balance sheet for the next three years. Your goal is to apply the budgetconcepts and formulate strategies for operational sustainability. Task: Model FinancialStatement 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 budgetbusiness + see the attached tables as refrernce to the kind of required tables)

Income Statement Budget Model (3 Years)Year 1 Year 2 Year 3RevenueSales - Coffee | ()∣() |…

Answered: Assume that you are starting your own…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter22: Master Budget (master)

Section: Chapter Questions

Problem 3R: Review the completed master budget and answer the following questions: Is Ranger Industries...

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Friendly Bank is attempting to determine the cost behavior of its small business lending operations. One of the major activities is the application activity. Two possible activity drivers have been mentioned: application hours (number of hours to complete the application) and number of applications. The bank controller has accumulated the following data for the setup activity: Required: 1. Estimate a regression equation with application hours as the activity driver and the only independent variable. If the bank forecasts 2,600 application hours for the next month, what will be the budgeted application cost? 2. Estimate a regression equation with number of applications as the activity driver and the only independent variable. If the bank forecasts 80 applications for the next month, what will be the budgeted application cost? 3. Which of the two regression equations do you think does a better job of predicting application costs? Explain. 4. Run a multiple regression to determine the cost equation using both activity drivers. What are the budgeted application costs for 2,600 application hours and 80 applications?
Please answer a,b,c
Can someone help me, please?
Hh2. Account
Need answer to c. How much $ short would Malloy be?
Provided that you have received start-up funding of $250 000.00 for any business of your choice, prepare a forecast where costs associated with required business resources are outline and create a budget for the first two months of the business. Calculate the break-even point.
1. Identify the specific type of budget • Long-range Annual Achievement that would best address each of the following questions a full-service hotel manager would like to answer. (a) (b) (c) (d) (e) (h) (i) (j) Question How much will we spend for front desk agents next Tuesday night? What will be our labor costs in the third quarter of next year? What will be my rooms renovation costs in four years when all guest room furniture must be replaced? What is our best estimate of next year's rooms revenue? How much sales tax will we collect next week? What will be the amount of our guest room supplies purchases next year? How many guest rooms will we sell next year? How many guest rooms will we sell next week? What will be the cost of replacing the hotel's HVAC (heating/ventilation and air conditioning) system five years from now? What is our best estimate of next year's food and beverage revenue? Type of Budget
I have a finance team at work. As the year progresses, they need to maintain a record of cash flow and expenditure. What will they be required to do as a first step to building a budget? Question 1Select one: A. Find out the balance sheet of the company B. Find the profit and loss for the previous year C. Identify the expenditure and demand along with the cash flow of the company D. Build an income and expenditure statement Incorrect
Creat an initial budget sheet showing the sistribution of $100,000 use the example's format on EXCEL.
Can someone help me with best effort? Answer correctly and completely for all with all working. Answer in text not image. Thanks!
1. Prepare A Budgeted Statement Of Cash flow? Analyze, Think, Communicate ATC 7-1 Business Applications Case Preparing and using pro forma statements Mary Helu and Jason Haynes rccently graduatcd from the same university. After graduation thcy decided not to scck jobs at cstablishcd organizations but, rather, to start thcir own small busincss hoping they could have morc flexibility in their personal livcs for a few ycars. Mary's family has opcrated Mexican restaurants and taco trucks for the past two gencrations, and Mary noticcd thcre were no taco truck Scrviccs in thc town where their university was located. To reduce the amount they would need for an initial investmcnt, they decided to start a busincss operating a taco cart rathcr than a taco truck, from which they would cook and scrve traditional Mexican-stylc strect food. They bought a used taco cart for $18,000. This cost, along with the cost for supplics to get startcd, a business license, and street vendor licensc brought their…
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