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Milestone Four: Final ProjectKristen Bledsoe Introduction
2Advancements in stem cell treatments continue to be made at a rapid pace. Keeping up with these advancements is critical in the cord blood banking industry. Financial StatementsFinancial Statements are formal records of the financial activities of a company. With Cryo-Cell it would be best to use their income statements. Income statements record finances within a period. Income statements show the net profit and earnings they bring in through the company research. Next, I would use the balance sheet, this statement helps the organize all of the present financial statements. Impact of ProposalThe operating budget is the biggest impact the company has on its financial statement. The operating budget covers a one-year time frame but eliminates the capital budget that has a longer time frame (Wright, 2016). Capital budgets pay for capital which are listed as long-term assets on a balance sheet. Capital costs are listed on the profit and loss as devaluation expense.