What are the Key Components of Financial Projections?
Key components to include in financial projections are:
Income Statement: Projects revenue, expenses, and profits over a specific period. Cash Flow Statement: Forecasts the inflows and outflows of cash, ensuring that the business can meet its financial obligations. Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a given point in time. Break-even Analysis: Determines the sales volume at which total revenues equal total costs, resulting in no profit or loss.