Respuesta :
Realistic income statement predictions indicate losses during the first several months of operation.
What is Income statement projections?
A projected income statement displays profits and losses for a particular future period, such as the following quarter or the following fiscal year. It follows the same style as a typical income statement, but instead of crunching numbers from the past, it makes predictions about the future. As a budgeted income statement, it also goes by that name.
Why is projected income statement important?
You can see from the predicted income statement, along with possible lenders and investors, whether or not the business is successful and/or when a profit is anticipated.
Why is it important to include a projected income statement in a business plan?
Understanding a company's sources of income and different types of expenses is made easier with the use of an income statement or profit and loss statement. In other words, it reveals the source and destination of the money.
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