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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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I think that this class has been very informative. The most important aspect of this class is that there have been opportunities for me to learn from my peer students as well as from my professor. I h...

End of Semester Self-evaluation
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projected income statement

projected income statement

Q Describe the method for building a projected income statement and a projected balance sheet for a beginning business.

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The projected income statement of an organization can be made through several steps and those are forecasting the sale, calculating the sales by targeting net profit margin, and estimating all of the expenses of firm and profit that the organization would generate. The past income can be used in order to predict the future income. In order to create a perfect projected income statement, there is a need for starting to select a particular time period in the future.