Business Environment Innovation And Entrepreneurship MBA 515

Business Environment Innovation Entrepreneurshipmba 515 21393module

Business Environment, Innovation & Entrepreneurship MBA- Module 11: Financial Pro-Forma Statement Bruce Crochetiere Module 11: Financial Pro-Forma Statement Financial Pro-Forma Statement Short Paper 2 Building your Business Plan Short Paper 2: Financial Pro-Forma Statement Shark Tank Product Sales What are the Product Sales in your business? Professional Services Will you company have Services revenue? Other Revenue Are there any other types of revenue coming in? Total Revenue Add all Revenue Streams Cost of Goods Sold What are the costs when you purchase products or if you manufacture? Gross Profit What will be your working capital for run your business? Salaries What are all the salaries in your company Employee Overhead Insurance, Workman’s Comp, etc. (Multiply your Salaries by 33%) Rent Research what rent rate are where you want to operate Other Expenses All other expenses, Lawyer, Interest, Sales Expense, etc. Total Overhead Add Salaries, Employee Overhead, Rent, and Other Expenses. Operating EBITDA This is your true working capital Capital Expenditures Add what you need to start your business Computers, Trucks, etc. Cash Needed This is your shortfall from what you spend and what you make Financial Pro-Forma Statement Short Paper 2: Financial Pro-Forma Statement Shark Tank First Year Financials Building your Business Plan – Final Paper Executive summary Company description – Milestone 1 Market analysis Organization structure – Milestone 2 Description of the service or product line Marketing strategy – Milestone 3 Financial projections – Short Paper 2 Funding your business Summary Appendix that includes relevant articles, resumes, or permits. Filling out an application for establishing a NH Corporation Short Paper 2 The idea is to build a Financial Pro-Forma Statement to find out how mush cash you will need to start your company. Opening Paragraph or 2 describing what you are going to present Year12345 Product Sales Professional Services Other Revenue Total Revenue Cost of Goods Sold Gross Profit Salaries Overhead Rent Other Expenses Total Overhead Operating EBITDA Capital Expenditures Cash Needed Closing summary discussing your findings and what you would require for investment. Operatng EBITDA(175,000)$ (218,750)$ 976,563$ 1,220,703$ 1,525,879$ Capital Expenditures(500,000)$ (250,000)$ (100,000)$ (100,000)$ (100,000)$ Cash Needed(675,000)$ (468,750)$ 876,563$ 1,120,703$ 1,425,879$ Soc 205 Test 3 (Chapters 8, 9 10) Open Book All answers come from the book. Chapter 8 (2 points per question) Listing Name 3 unearned factors that often give children advantages and disadvantages over others. 1.C 2. C 3.C Fill in the blank. 4. One unearned factor is ____________, for a child cannot determine or control whom his bio- logical parents were that were instrumental in giving birth to him. 5. A teen ager who has an expensive car is regarded as having _______________cultural capital. It can convey status of the teen-ager or his or her family. 6._______________cultural capital includes the words and languages one hears, has acquired, and now uses to communicate with others, to think about the world, and to present oneself to others. 7. In the textbook, it says that if a person can dress like a doctor and has straight teeth, then this person possesses _____________________cultural capital. 8. _______________ designates a person’s overall economic and social status in a system of social stratification, according to the textbook. 9. According to ________________________, people completely lacking in skills, property, or employment constitute the very bottom of the class system. They form the negatively privileged property class. 10. A ________________ group is an amorphous group of people held together by virtue of a lifestyle that has come to be “expected of all those who wish to belong to the circle†and by the level of social esteem accorded them. 11. The_____________ poor or urban under class consist diverse groups of families and individuals living in the inner city who are “outside the mainstream of the American occupational system and consequently represent the very bottom of the economic hierarchyâ€. Listing According to Herbert Gans, a sociologist, name two reasons that poverty still exists. 12. 13. Chapter 9 Fill in the blank below. (2 points) per question. 14.______________ consists of people within a larger society who possess a group consciousness based on the real or imagined belief that they share a common ancestry, a history, a homeland, key experience, or some other distinctive trait that captures the “essence of their peoplehoodâ€. 15. ______________ ______________________is a process by which people don’t know about, forget, dismiss, or fail to pass on an ethnic heritage. In the United States, those classified as white have a great deal of freedom to claim a European ethnic identity but to “forget†a non-European ethnicity, such as Kikuyu, one of Kenya’s many ethnic groups. 16. _______________ _________________ occurs when someone discovers an ethnic identity, as when an adopted child learns about and identifies with newly found biological relatives, or a person learns about and revives lost traditions. 17._________________ ____________________ describes a government or dominant group that creates an ethnic category. Often the people assigned to that category come from many different cultures and countries. 18. _____________ ethnic group is the most advantaged ethnic group in a society; it is the ethnic group that possesses the greatest access to valued resources, including political power. 19. _______________________ethnicity is a sense of self that is based on little to no awareness of an ethnic identity because its language, norms, beliefs, and values are so pervasive that they are considered normative, or mainstream. Listing Sociologist Louis Wirth (1945) identified a number of essential traits that are characteristic of disadvantaged status. List these five essential traits below. 20. 21. 22. 23. 24. 25. Fill in the blank. 26. _______________________is a process by which ethnic and racial distinctions between groups disappear because one group is absorbed into another group’s culture or because two cultures blend to form a new culture. 27. _______________________is a rigid and usually unfavorable judgment about some category of people that does not change in the face of contradictory evidence. That judgment is typically applied to anyone who belongs to that category. 28.___________________ is not an attitude but a behavior. It includes intentional or unintentional unequal treatment of individuals or groups based on attributes unrelated to merit, ability, or past performance. Chapter 10 Fill in the blank below. 29. _____________is a biological distinction determined by primary sex characteristics or the anatomical traits essential to reproduction. 30. _________________ ___________ _characteristics are used to distinguish one sex from another. These physical traits (such as breast development, quality of voice, distribution of facial and body hair, and skeletal form) are not essential to reproduction but result from the action of so-called male (androgen) and female (estrogen) hormones. 31. ____________________is a social distinction based on culturally conceived and learned ideals about appropriate appearance, behavior, and mental and emotional characteristics for males and females. 32. ______________ _____________________draws our attention to the ways daily activities are organized around gender ideals, including what we wear, the time to wake up in the morning, what to do before going to bed at night, the things to worry about, and even ways of expressing emotion and experiencing sexual attraction. 33. _____________________ _______________________ refers to “an enduring pattern of emotional, romantic, and/or sexual attractions to men, women, or both sexes. 34. ______________ is the belief that one sex—and by extension, one gender—is superior to another, and that this superiority justifies inequalities between sexes. 35. ________________ is a point of view that advocates equal opportunity for men and women. 36. Females often are subordinate to ______________, a gender term. 37. Which sex often has a shorter life span ? Circle Male or female? 38.The commercialization of gender _______________ is the process of introducing products into the market by using advertising and sales campaigns that promise consumers they will achieve masculine and feminine ideals if they buy and use the products. 39. The term fa’afa’ fine defines in a third gender in the country of S________________. 40. Boys who violate “socialization†rules are often labeled “________________â€. 41-45 . Essay. Please answer below in five (5) and only five (5) complete sentences. Each sentence is worth 2 points. (10 points). Write your answer in a paragraph, please. What do you as a student believe is a problem with a little boy who does not learn appropriate gender related behaviors defined as masculine in the text? Do you believe that these learned behaviors can lead to homosexuality among males? Why or why not? 46-47. Essay. Please answer below in two (2) and only two (2) complete sentences. Each sentence is worth 2 points. (4 points). Write your answer in a paragraph, please. Regarding income inequality, why do women often earn less than men? What do you as a student attribute Asian Americans earning higher incomes per individual on a national level in the United States as opposed to other racial groups of people such as White Caucasian, African American, or Hispanic? Why do you think that Asian Americans on the average earn more per individual in America? 48-50. Essay. Please answer below in three (3) and only three (3) complete sentences. Each sentence is worth 2 points. (6 points). Write your answer in a paragraph, please. Should the United States raise the minimum wage to $15.00 per hour, according to Senator Bernie Sanders? Why or why not? Would raising the minimum wage lift some poor people out of poverty? Why or why not?

Paper For Above instruction

The financial landscape of a startup business is a critical determinant of its success or failure. Building a comprehensive pro-forma financial statement allows entrepreneurs to project revenue, expenses, and cash flow over several years, providing vital insights into the funding needs of the enterprise. In the initial phases, the focus lies in estimating product sales, considering both product and service revenues, and other potential income streams. These projections help establish total revenue, which forms the basis for calculating cost of goods sold, a key expense related to production or procurement. From there, gross profit indicates the earning capacity before operational expenses, which include salaries, overhead costs, rent, and other expenditures such as legal fees or sales expenses. Accurately estimating employee salaries, overhead (multiplying salaries by 33%), rent based on desired operating locations, and miscellaneous expenses enables a business to determine its total overhead. The operational earnings before interest, taxes, depreciation, and amortization (EBITDA) reflect the core profitability of the business, excluding capital expenditure investments necessary for start-up assets like computers or trucks. The final cash needs calculation reveals the shortfall between expenditures and income, guiding entrepreneurs on the capital needed to launch and sustain the business until it becomes profitable.

Financial Pro-Forma Statement Analysis and Implications

Constructing a financial pro-forma statement involves detailed year-by-year projections of key financial metrics. For example, a startup’s first-year revenue might be modest but grows significantly over five years as the business scales. These projections are often based on assumptions about sales volume, market penetration, and expense management. The specific line items, such as product sales, professional services, and other revenue sources, must be realistically estimated based on market research and industry benchmarks. Expenses like cost of goods sold, salaries, rent, and miscellaneous overheads require careful analysis to avoid overestimating or underestimating cash needs. An important insight from these projections involves understanding the initial capital expenditures, which could include purchasing equipment or vehicles essential for operations, and how these investments impact cash flow over time. The calculations of operating EBITDA serve as an indicator of profitability, impacting investor confidence and funding opportunities. Ultimately, the cash shortfall identified emphasizes the importance of external funding, either through loans, investments, or grants, to cover the gap until the business can generate sufficient internal income. The closing summary of this analysis should clearly articulate the startup’s financial needs, risk factors, and potential for growth, providing a roadmap for investors and lenders to evaluate the business’s viability.

References

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