Western Governors University Kimball Computer Group Business Plan revisions as discussed for capstone….. F1. PROFIT AND LOSS STATEMENT NOT EVIDENT N

Western Governors University Kimball Computer Group Business Plan revisions as discussed for capstone…..

F1. PROFIT AND LOSS STATEMENT
NOT EVIDENT

Not EvidentThe candidate does not provide an appropriate month-by-month forecasted profit and loss statement using an estimate of revenues and operating costs based on the sales forecast.

EVALUATOR COMMENTS: ATTEMPT 2

An appropriate profit and loss statement is presented. Realistic figures based on the sales forecast are included. However, interest payments are present and no loan is discussed in the business plan. Please review and clarify.

F2. FORECASTED BALANCE SHEET
NOT EVIDENT

Not EvidentThe candidate does not provide an appropriate forecasted balance sheet for the end of year one.

EVALUATOR COMMENTS: ATTEMPT 2

A balance sheet is provided with some questionable areas. Owner investment of $2,585,081 is shown but the business plan states that “the firm is looking at an estimated initial capital outlay of $2,075,045” (additionally, it is unclear what the source of these funds are). A loan of $125,000 and “current borrowing” of $45,000 are shown but are not discussed in the business plan. Please review to ensure that the narrative aligns with the financials.

G1. FINANCIAL PROJECTIONS
COMPETENT

CompetentThe candidate provides a reasonable summary of the financial projections and assumptions used in estimating the financial statements.

EVALUATOR COMMENTS: ATTEMPT 2

Competent.

G2. FINANCIAL POSITION
APPROACHING COMPETENCE

Approaching CompetenceThe candidate provides an imprecise description of the company’s financial position at the end of the first year.

EVALUATOR COMMENTS: ATTEMPT 2

The year-end profit of $80,414 aligns with the financials, however, since clarification is needed for the financials, this aspect can be more fairly assessed when revisions are complete.

G3. CAPITAL/INVESTMENT NEEDS
NOT EVIDENT

Not EvidentThe candidate does not describe the company’s initial and future estimated capital/investment needs.

EVALUATOR COMMENTS: ATTEMPT 2

The submission states that “the firm is looking at an estimated initial capital outlay of $2,075,045”. The source of these funds and how they will be put to use is not clearly specified. Additionally, the balance sheet shows $170,000 in debt and $750,450 in assets and these are not discussed as part of the capital/investment needs for the company. Please review and clarify.