Question

Sandra is about to start a small business in her area. She is creating a business plan after carrying out extensive research. She is currently
creating projected balance sheets and income statements that could be useful to potential Investors. Under which section of the business plan

should Sandra place these records?

A

B.

C

D.

E

business description

financial analysis

marketing strategy

sales forecast

exit strategy

Answer 1

Answer:

B. Financial Analysis

Explanation:

A business plan should include a financial section.

The financial analysis is composed of three key financial statements: the income statements, the cash flow projection, and the balance sheet.

The income statement shows the revenues, expenses, and profits for a particular period of the business plan.

The balance sheet shows the net worth a particular point in time of the business plan including assets, liabilities, and equity.