a) Balance Sheet Prepare a balance sheet with projected amounts for the opening day, year...
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Accounting
a) Balance Sheet
Prepare a balance sheet with projected amounts for the opening day, year 1, year 2, and year 3 end ( for a clothing company ). Keep the categories the same so that you are comparing the same details
b) Borrowed Money
Indicate any money your business will borrow ( clothing company ). Include the lenders, interest rates,repayment terms, and any collateral required. You can estimate this amount in a firstdraft, then revise it after the balance sheet, and again after the cash flow is calculated.
c) Costs and Expenses
Create a Costs and Expenses worksheet. Estimate the monthly and annual amounts for each expense. Make a note for irregularamounts like semi-annual licenses or large inventory purchases then indicate lump-sumamounts or estimate the approximate monthly costs. Attach this as an appendix.
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