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What findings can you give about these FINANCIAL PROJECTIONS

What findings can you give about these FINANCIAL PROJECTIONS

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What findings can you give about these FINANCIAL PROJECTIONS below. (Feasibilty Study)
FINANCIAL PROJECTION Bambinini Artsy Balance Sheet For the month ended, September 29, 2021 ASSETS Current Assets Cash P815 Total Assets P815 – LIABILITIES Current Liabilities Notes Payable P50 Total Liabilities P50 OWNER'S EQUITY Capital, Beginning P500 Add; Net Income P385 Less; Withdrawal (P120 –) Total Owner's Equity P765 Total Liability and Owner's Equity P815
Transcribed Image Text:FINANCIAL PROJECTION Bambinini Artsy Balance Sheet For the month ended, September 29, 2021 ASSETS Current Assets Cash P815 Total Assets P815 – LIABILITIES Current Liabilities Notes Payable P50 Total Liabilities P50 OWNER'S EQUITY Capital, Beginning P500 Add; Net Income P385 Less; Withdrawal (P120 –) Total Owner's Equity P765 Total Liability and Owner's Equity P815
FINANCIAL PROJECTION Bambinini Artsy Income Statement For the month ended, September 29, 2021 Revenue P885 Less; Journaling Materials Packaging Materials P350 P150 Total Expenses P500 Net Income P385 - Bambinini Artsy Statement of Cash Flow For the month ended, September 29, 2021 Cash Flow from Operating Activities Cash Receive from Customers P885 - Net Cash provided by Operating Activities P885 Cash Flow from Investing Activities Payment to acquire Journaling Materials Payment to acquire Packaging Materials (P350 –) (P100 –) Net Cash provided by Investing Activities (P450 –) Cash Flow from Financing Activities Cash received as investment by the owner P500 - Payment for withdrawal by the owner Net Cash provided by Financing Activities (P120 –) P380 Net Increase in Cash P815 - Cash Balance at the Beginning of the Period P815
Transcribed Image Text:FINANCIAL PROJECTION Bambinini Artsy Income Statement For the month ended, September 29, 2021 Revenue P885 Less; Journaling Materials Packaging Materials P350 P150 Total Expenses P500 Net Income P385 - Bambinini Artsy Statement of Cash Flow For the month ended, September 29, 2021 Cash Flow from Operating Activities Cash Receive from Customers P885 - Net Cash provided by Operating Activities P885 Cash Flow from Investing Activities Payment to acquire Journaling Materials Payment to acquire Packaging Materials (P350 –) (P100 –) Net Cash provided by Investing Activities (P450 –) Cash Flow from Financing Activities Cash received as investment by the owner P500 - Payment for withdrawal by the owner Net Cash provided by Financing Activities (P120 –) P380 Net Increase in Cash P815 - Cash Balance at the Beginning of the Period P815
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