Questions about Entrepreneurship

[cinaroztosun]

Hello everyone,

While applying for Entrepreneurship award there is an essay with subject "FINANCIAL STATEMENT".

And following information is written under this title:

"Please include information on team finances (include financial statement detailing income and expenditures)
Uploading an image of your team financial plan below, will also satisfy this requirement."

So I have 2 questions,

First, how should I exactly answer this? Should I explain it with a paragraph or with a chart ?

Second, what exactly "THIS REQUIREMENT" statement in the second sentence indicates? Just an image is enough for all question above? or should I complete two of the assignments above?

Thank You !

[Carol]

The "requirement" means you have supply the financial information, but it's up to you if you want to do it as text or as an image.

A simple spreadsheet or table showing expenditures - how much the team spends on robot parts, registration, shirts, etc., and income - how much you receive from your sponsors, schools, team payments, etc., should be fine. You can do it in the text box or just upload an image of a spreadsheet, IF it is readable.

If you can explain it in a paragraph, that's fine too. But a table format might be easier to understand.