Financial Statements
Profit and Loss:
Identify three (3) revenue streams and three (3) expenses exclusively found in a Funeral Home and calculate your profit margins. Explain how you determined the profit margin.
Balance Sheet:
Identify three (3) assets, three (3) liabilities, and calculate owner's equity using these examples. Explain how you determined the owner's equity
Cash Flow Statement
Identify three (3) transactions found in the operational section of cash flow, three (3) transactions found in the investment section, and three (3) transactions found in the financing section that pertain to a funeral home.
Additionally, in 200-300 words explain how you came to your conclusions and resources used to support your ideas.
This assignment is worth 30 points.
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