Essay
Chad has been making skateboards for his friends and now has more orders than he can handle.He has decided to turn the business into a full-time venture and plans to develop the company into a Fortune 500 company.However,he does not have enough cash and has decided to apply for a Small Business Administration loan.The loan officer informed him that she will need to see projected financial statements with supporting schedules for the next 12 months of operations.
a.Identify the financial statements and supporting schedules you believe are appropriate.
b.What information will you need to include in the budgeted financial statements,and where will you get this information?
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a.The budgeted income statement,balance ...View Answer
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