The purpose of this assignment is to allow students to gain the necessary knowledge to manage cost and determine project viability through capital budgeting techniques, so they can effectively minimize the cumulative error between the projected values and actual values over the relevant time horizon.
Note: The official term Income Statement is also known informally as Profit and Loss Statement.
Analyze the revenue items based on information collected and make adjustments as suggested by your instructor.
Create a 350-word Profit and Loss Statement following the income statement format.
Conduct an internet search or use the example located in the textbook for the course.