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Fast forward a few months...Your friend asks you how your business is doing and you are...

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Accounting

Fast forward a few months...Your friend asks you how yourbusiness is doing and you are unsure how exactly to answer. Infact, you are not necessarily sure how your business is going sinceyou are so new to this! This part will help you organize yourthoughts and come up with a more formalized process and financialreporting can help you demonstrate your success (or lackthereof!).

For your cart, come up with a way to determine profit andfinancial position. Expand your Excel spreadsheet from part 1 byadding an additional tab. There is no specific format for this.Data should be reasonable based on your projections from Part 1 andinclude all expenses. Your grade is not dependent on whether youare making a profit.

Use the momentum from the discussion forums from week's 6-7where we collectively brainstormed methods of (a) if the businesswas profitable and (b) how to measure profitability in aprofessional format.

Include an analysis that summarizes your findings in aprofessional manner.

This part of the project should be approximately 2 - 4 pagesincluding the financials.

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