Create an income statement for your business


E-magazine sold online and a hard copy sold at hotels and airport only In the United State of America.

My part is to find out the Metrics (How Much)

1. Create an income statement for your business for year 1 and year 2

a. What are the revenues or sales?

b. What is the cost of sales?

c. What is operating expenses?

d. What is the net income

2. What did you have to consider as you put income statement together?

3. Create a cash flow statement for year 1 and year 2.

a. Simply identify the sources and uses of your cash in each year

4. What did you have to consider as you put your cash flow statement together?

EXTRA INFO: our traveling magazine is for young people to learn about other counties and cities around the world.  It is going to be a real magazine so we want real number of at least close to reality.

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Accounting Basics: Create an income statement for your business
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