11.5.1 Forecasts

For this activity:

You will need to use The Internet and to write down your answers in your Mahara e-portfolio.

In this theme you have learnt that forecasts are predictions of a firm’s future sales, costs, income, and expenditure.

Task

Predict the sales, costs income and expenditure of a proposed business (you could use the business that you pitched in the assessment) and prepare a cashflow forecast, Income Statement (profit and loss) and Statement of Financial Position (Balance Sheet) for your business using the spreadsheet template provided with this worksheet.