Company T is a imaginary startup company that has developed an application and is now...
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Accounting
Company T is a imaginary startup company that has developed an application and is now starting their business and are starting to sell their application to the consumers. Based on the information that is given produce statement of profit or loss and cash flow statement for the next three years as well as balance sheet after year 3.
| Owners equity | 50 000 | ||||
| Loan | 550 000 | ||||
| Development cost | 50 000 | ||||
| Labor cost (per year) | 200 200 | ||||
| Rent (per year) | 12 000 | ||||
| Maintenance (per year) | 4 000 | ||||
| Marketing costs (per year) | 260 000 | ||||
| Office equipment | 3000 | ||||
| Product Price | 5 | ||||
| Year 1 (products) | Year 2 (products) | Year 3 (products) | |||
| Expected sales | 100 000 | 200 000 | 300 000 | ||
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