Budget and Profit and Loss Statement

Purpose of Assignment 

The purpose of this assignment is to continue with the Profit and Loss Statement part of the projected financial statements  for your Entrepreneurial Venture. The costs involved with Operations will now be added to the Revenue projections from Week 2.  One goal is to effectively minimize the cumulative error between the projected values and actual values over the relevant time horizon. Please review the Budget Format Workbook posted to class messages.

Note: The official term Income Statement is also known informally as Profit and Loss Statement. 

Assignment Steps 

Analyze the revenue items based on information collected and add them to your projected financial statements.

Create a 350-word Profit and Loss Statement following the income statement format.