You prepare a sales forecast after you have completed your pro forma income statement.
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Q37: A bed-and-breakfast inn has a much different
Q38: Your financial plan will begin with you
Q39: The desire to be financially independent or
Q40: Assets are the dollar value of what
Q41: A pro forma income statement will tell
Q43: Equity is the owner's cash investment.
Q44: Liabilities are what the business owes to
Q45: On a balance sheet, current assets are
Q46: Liabilities equal assets plus equity.
Q47: Profits are a form of equity.
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