Writer did an excellent job on completing the discussion board assignment questions in a timely manner and the revising. I will be hiring this writer for future assignments.
Assignment: Impacts to the Profit and Loss Statement
Go to Tim’s Coffee Shoppe and look in the back office. Inside the file drawer labeled “Business” is Tim’s Coffee Shoppe’s income statement for the most recent year. This is the most recent record Tim has. This year, several large businesses are moving in around his coffee shop and he expects business to increase. Tim needs to create a pro forma profit and loss (income) statement for this year, and you need to help him.
In this assignment, discuss whether each area in the pro forma income statement will increase, decrease, or stay the same due to large businesses moving into the neighboring buildings and explain your rationale for why that line item will increase, decrease, or stay the same. Remember, Tim serves coffee to many people who work in the area, so he would certainly expect a major increase in his business volume.
This assignment is not looking for dollar figures, but primarily your justification for why the line items will change and what direction they will change, if any. You may make assumptions based on the increased sales volume and how it will affect income and expenses; if and when you do make these assumptions, please describe them and their effects on each line item.
Review the tutorials provided in the learning activity and search the Internet for videos about financial statements for assistance.
These are the line items:
Lease (on a refrigerator)
Interest (on loans currently held)
In a minimum 4-page paper (which includes the title and reference pages) in current APA format and citation style, please respond to the line items above and the questions provided.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more