Reference no: EM132763582

We have 50000 dollar as a seed capital for new business. These funds are considered as a equity investment. This is budget for our new business:

Rent $4000 for first month of business

Renovations:

Paintings: 1200

Electrical wiring: 1500

Renovation: 3000

Legal fee:

Store Registration: 150

Food safety: 80

Material and chemical: 100

Environmental fee: 100

Equipments:

Stainless rack: 1000

Used table cambro: 4000

cooler: 3000

Blender: 1000

Cash register: 4000

Office supplies:

Computer package: 1200

Communication lines: 150

filing cabinet: 200

other office supplies: 200

Cleaning supplies: 200

Raw material;

Perishable/ fruits- 6000 (1 month)

Packaging items- 800 (1 month)

Marketing fee:

Printed discount coupons: 150

Translites for menu board: 700

Insurance for year: 500

we still left with 16,870 funds remaining out of 50,000

Problem 1: What need to balance sheet for your business as you forecast it will look on 'opening day' (your first day of actual operations)