Please i need this done within 24hours

Please see executive summary about my business on page 5

Submit a minimum of 6-page paper (including Excel document and reference information) in length.

Instructions

For the purposes of this curriculum, we will concentrate on the financial and funding request portions of the plan for your small business. Your financial plan shall tie well to the company that you introduced in Week 3's Executive Summary.

Although each plan will be unique, depending on business sector, location, stage of development, and so forth, all plans should include the following:

1) Introduction

2) discussion of whether cash or accrual basis accounting will be used 

3) discussion of the type of accounting and finance software will be used

 

4) discussion of all sources of financing amounts, purposes and amounts of funding plan to be raised

5) Balance sheet presentation & discussion of assumptions in the Balance Sheet (Existing Business: historic and one-year pro forma projections / Start-Up: one-year pro forma projection) - acceptable in Excel document as well

6) Income statement presentation includes discussion of assumptions in the Income Statement (Existing Business: historic and one-year pro forma projections / Start-Up: one-year pro forma projection) - acceptable in Excel document as well

7) 12-month Pro-forma Cash Flow Projection (monthly) & discussion of assumptions for accounts of cash receipt and cash expenditures - acceptable in Excel document as well

   * When preparing income, balance sheet, and cash flow projection, provide descriptive assumptions for all accounts relevant to your business activities.

8) Ratio analysis (include your calculation and discuss the purpose of each ratio for your business in areas of profitability, liquidity, leverage and efficiency - a total of 4 required financial ratios)

9) Executive Summary (update when necessary. Submit your Executive Summary already prepared in Week 3.)

10) Conclusion

Format your paper consistent with APA guidelines. Submit your responses for all task items in a Word document only. Refer to the syllabus writing requirement and Content/Syllabus/Course Resources/Writing Resources for more information about referencing and formatting.

Submit a minimum of 6-page paper (including Excel document and reference information) in length.

Rubric for Final Project: Small Business Financial Plan

Assessment	Assigned Points	Points Earned
Introduction and Conclusion	10
Brief discussion of accounting system	10
Brief discussion of accounting software	10
Brief discussion of sources, purpose and amounts of funds to be raised	10
Balance Sheet (historical year and 1-year pro forma projection) & discussion of the assumptions	10
Income statement (historical year and 1-year pro forma projection) & discussion of the assumptions	10
Cash flow projection (12-month monthly projection) & discussion of the assumptions	10
Ratio analysis including calculations & commentary analysis  (2.5 points/each ratio x 4)	10
Executive Summary (from Week 3)	10
Spelling, grammar, APA, structure and overall presentation	10
Total Points	100

Executive Summary Content about my business

1. Chombo is a business company that offers a wide range of electronic products. The products include and not limited to digital cameras, radio receivers, television sets, MP3 players, video recorders, DVD players, camcorders, personal computers, video game consoles, telephones, and mobile phones. The company expects to meet the threshold requirement of the modern consumer base by providing quick delivery of broad variety and high-quality electronic products.

2. The company is aimed at providing prevalent electronic products and delivering the products to the customers within 24 hours through the incorporation of e-business (Mayer et al., 2018).

3. I believe the business will dominate the electronics industry since it intends on keeping abreast with current trends and consistently seeking new commodities that satisfy the ever-changing customer tastes, needs, and preferences.

4. The world currently is a more modernizes one and the consumers’ demands electronic products that are more unique. Basing on that, the Power electronic company will deploy market strategies such as product diversification were to maintain their competitive advantage. It also aims at ensuring that a variety of products are available for customers to choose from. Customer satisfaction will be a factor that a lot of emphases will be placed (Berry et al., 1995).

5. The company

The company is mutually owned and managed by two stakeholders Mr. Johnson Wellington has an excellent finance, administration, and managerial skills which he acquired after serving as branch manager of the Berner & sons electronic company for 15 years.

Mr. Michael Thompson, on the other hand, brings in experience in marketing and sales have won the sales of the year award while working at the Bern electronic company.

The company intends to hire 5 full-timers workers who will be in charge of sales and 2 accountants who have top-notch skills.

6. According to Daniel & Grimshaw (2002), the dynamic nature of the world has resulted in the electronic industry experiencing pressure from the customers as they want to be up-to-date with the technology. This has resulted from ever-rapid growth in electronic industry experienced in U.S.A over the years. There is high competition has most entrepreneurs are resolving in venturing in this industry to provide the latest electronics which poses a lot of threat. There is also high competition from the already well-established electronic business that has verse knowledge on the market needs and considerations.

For example, in the mobile phones, there is a high demand for phones which poses more features, for example, should have high capacity, high processer, and quality camera among others. This has resolved several industries trying to provide different mobile phones that will meet these needs. Similarly, in the television industry, customers are looking for a more advanced one regarding clarity.

7. Financial considerations

The two stakeholders are each expected to raise $255,000 amounting to a total of $510,000. They are also planning to borrow $200,000 from CBA bank which will be repayable within 10 years. The amount raised will meet the minimum required capital to pay for the renting space, pay for the license fee and also purchase the first stock of electronic products.

The power electronic company expects in the first year and second year to make sales of about $1,355,000 and $1,489,000 respectively.

During the first year, the total fixed cost and the variable cost amounts to about $1,290,000 and hence a profit of $65,000. For the second year, the total cost is anticipated to be about $1,403,000 leading to a profit of $86, 000