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    Raval Bus Co

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    heynuhh g
    The projected income statement is for Raval Bus Co. Inc for the 12 month period ending August 31, 2020. It projects total passenger revenue of $106.4 million and operating expenses of $27.3 million, resulting in a gross profit of $79.2 million. After administrative expenses of $13 million and interest expense of $1.5 million, the net income before tax is projected to be $66.2 million. After accounting for income tax of $19.9 million, the net income is projected to be $44.8 million. Adding back non-cash depreciation expense of $4.9 million results in a projected cash inflow from operations of $49.7 million.

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    Raval Bus Co

    Uploaded by

    heynuhh g
    14 views1 page
    The projected income statement is for Raval Bus Co. Inc for the 12 month period ending August 31, 2020. It projects total passenger revenue of $106.4 million and operating expenses of $27.3 million, resulting in a gross profit of $79.2 million. After administrative expenses of $13 million and interest expense of $1.5 million, the net income before tax is projected to be $66.2 million. After accounting for income tax of $19.9 million, the net income is projected to be $44.8 million. Adding back non-cash depreciation expense of $4.9 million results in a projected cash inflow from operations of $49.7 million.

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    The projected income statement is for Raval Bus Co. Inc for the 12 month period ending August 31, 2020. It projects total passenger revenue of $106.4 million and operating expenses of $27.3 million, resulting in a gross profit of $79.2 million. After administrative expenses of $13 million and interest expense of $1.5 million, the net income before tax is projected to be $66.2 million. After accounting for income tax of $19.9 million, the net income is projected to be $44.8 million. Adding back non-cash depreciation expense of $4.9 million results in a projected cash inflow from operations of $49.7 million.

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    © All Rights Reserved
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    14 views1 page

    Raval Bus Co

    Uploaded by

    heynuhh g
    The projected income statement is for Raval Bus Co. Inc for the 12 month period ending August 31, 2020. It projects total passenger revenue of $106.4 million and operating expenses of $27.3 million, resulting in a gross profit of $79.2 million. After administrative expenses of $13 million and interest expense of $1.5 million, the net income before tax is projected to be $66.2 million. After accounting for income tax of $19.9 million, the net income is projected to be $44.8 million. Adding back non-cash depreciation expense of $4.9 million results in a projected cash inflow from operations of $49.7 million.

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    of 1

    GRANADINO, HANAH CAMILLE S.

    BSA-203A

    Raval Bus Co. Inc


    Projected Income Statement
    For 12-Month Period Ended August 31, 2020

    Pax Revenue 106,426,100.00

    Operating Expenses
    Less: Cost Of Sales
    Fuel 7,399,477.99
    Driver/Conductor Salary 3,843,000.00
    Terminal Fee 823,500.00
    Bus Ferry 7,905,600.00
    Tires 3,111,000.00
    Change Oil, Oil Filter, & Fuel Filter 953,125.00
    Clutch Lining, Front Brake Pads, Rear Brake
    Pads 2,318,000.00
    Air-con Filters 110,000.00
    Printing Cost 47,580.00
    Bus Washing 745,725.00 27,257,007.99
    Gross Profit: 79,169,092.01

    Administrative Expenses
    Wages and Salaries 3,732,000.00
    Employee Benefits 360,000.00
    Rent Expense 624,000.00
    Utilities Expense 170,400.00
    Depreciation - Buses 4,860,000.00
    Depreciation - Equipment 12,693.33
    Depreciation - Furnitures & Fixtures 10,132.60
    Taxes and Licenses 3,192,783.00 12,962,008.93
    Net Income Before Tax and Interest Expense 66,207,083.08
    Less: Interest Expense 1,512,000.00

    Income Tax Expense 19,862,124.92 21,374,124.92


    Net Income after Tax and Interest Expense 44,832,958.15
    Add: Non-Cash
    Depreciation Expense 4,882,825.93
    Cash Inflow For Operation 49,715,784.09

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