Professional Documents
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Step 1 - Enter info about your company in yellow shaded boxes below.
Starting
Preparer Name Company Name Month Starting Year
Ariana Bell B.A.C Box May 2020
Color-Coding:
Enter Data Here
This Microsoft Excel Workbook is designed to provide those
starting a business or already running a business with
information that will allow them to make a "go /no-go" decision.
It will help a potential entrepreneur project operatingAdjust
profit, as Needed
develop a projected income statement, balance sheet and cash
flow forecast.
Sources of Funding Percentage Totals Loan Rate Term in Months Monthly Payments Notes
Owner's Equity 0.00% -
Outside Investors 47.17% 25,000 Partnership with BAC Track
Additional Loans or Debt
Commercial Loan 41.51% 22,000 7.00% 84 332 Bank loan with higher credit
Commercial Mortgage 0.00% - 9.00% 240 -
Credit Card Debt 11.32% 6,000 7.00% 60 119 Owners/full-time credit
Vehicle Loans 0.00% - 6.00% 48 -
Other Bank Debt 0.00% - 5.00% 36 -
Total Sources of Funding 100.00% $ 53,000 Cell D 42 must equal cell C31 $ 451
Total Funding Needed $ - You are fully funded (Balanced)
Average
Hourly Pay (to
Number of 2 decimal Estimated Estimated
Owners places, ex. Hrs./Week Pay/Month Septemb Novembe Decembe Annual
Employee Types /Employees $15.23) (per person) (Total) May June July August er October r r January February March April Totals
Owner(s) 2 0.00 40 $ - - - - - - - - - - - - - $ -
Full-Time Employees 6 13.50 40 $ 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 $ 168,480
Part-Time Employees 12 10.00 20 $ 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 $ 124,800
Independent Contractors 0 0.00 0 $ - - - - - - - - - - - - - $ -
Total Salaries and Wages 20 $ 23.50 100 $ 24,440 $ 24,440 ### $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 293,280
Estimated Taxes
&
Percentage of Benefits/Month Septemb Novembe Decembe Annual
Payroll Taxes and Benefits Wage Base Limit Salary/Wage (Total) May June July August er October r r January February March April Totals
Social Security $ 117,000 6.20% $ 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 $ 18,183
Medicare -- 1.45% $ 354 354 354 354 354 354 354 354 354 354 354 354 354 $ 4,253
Federal Unemployment Tax (FUTA) $ 7,000 0.60% $ 70 70 70 70 70 70 70 70 70 70 70 70 70 $ 840
State Unemployment Tax (SUTA) $ 7,000 3.45% $ 403 403 403 403 403 403 403 403 403 403 403 403 403 $ 4,830
Employee Pension Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Worker's Compensation -- 0.00% $ - - - - - - - - - - - - - $ -
Employee Health Insurance -- 0.00% $ 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 $ 114,000
Other Employee Benefit Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Total Payroll Taxes and Benefits 11.70% $ 11,842 $ 11,842 ### $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 142,106
Total Salaries and Related Expenses $ 36,282 $ 36,282 ### $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 435,386
Product 2
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Product 3
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Product 4
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Product 5
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Product 6
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 2,500 3,000 3,500 4,000 5,000 4,500 4,500 5,000 4,500 4,500 4,000 2,500 47,500
Total Sales $ 162,475 $ 194,970 $ 227,465 $ 259,960 $324,950 $292,455 $292,455 $324,950 $ 292,455 $292,455 $ 259,960 $ 162,475 $ 3,087,025
Total Cost of Goods Sold $ 100,000 $ 120,000 $ 140,000 $ 160,000 $200,000 $180,000 $180,000 $200,000 $ 180,000 $180,000 $ 160,000 $ 100,000 $ 1,900,000
Total Margin $ 62,475 $ 74,970 $ 87,465 $ 99,960 $124,950 $112,455 $112,455 $124,950 $ 112,455 $112,455 $ 99,960 $ 62,475 $ 1,187,025
Prepared by: Company Name: The included growth rate is just a starting point, if you
can provide a more accurate prediction for each month,
B.A.C Box unlock the sheet (see Directions) and change the value
Ariana Bell
for that month. Please note that you will no longer have a
formula in that cell once you change the value, so you
may want to save a copy of this spreadsheet under a
Growth Rate Year 1 to Year 2: 10.00% different name before doing so.
Growth Rate Year 2 to Year 3: 10.00%
Product 2
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Product 3
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Product 4
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales 0 - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Product 5
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Product 6
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Total Units Sold 47500 2,750 3,300 3,850 4,400 5,500 4,950 4,950 5,500 4,950 4,950 4,400 2,750 52,250
Total Sales $ 3,087,025 ### $214,467 ### ### ### ### ### ### $ 321,701 ### $ 285,956 $ 178,723 $ 3,395,728
Total Cost of Goods Sold $ 1,900,000 ### $132,000 ### ### ### ### ### ### $ 198,000 ### $ 176,000 $ 110,000 $ 2,090,000
Total Margin $ 1,187,025 $68,723 $ 82,467 $96,212 ### ### ### ### ### $ 123,701 ### $ 109,956 $ 68,723 $ 1,305,728
Product 2
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Product 3
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Product 4
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Product 5
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Product 6
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 3,025 3,630 4,235 4,840 6,050 5,445 5,445 6,050 5,445 5,445 4,840 4,535 58,985
Total Sales ### $235,914 ### ### ### ### ### ### $ 353,871 ### $ 314,552 $ 294,730 ###
Total Cost of Goods Sold ### $145,200 ### ### ### ### ### ### $ 217,800 ### $ 193,600 $ 181,400 ###
Total Margin ### $ 90,714 ### ### ### ### ### ### $ 136,071 ### $ 120,952 $ 113,330 ###
Real Estate 20 $ - - - - - - - - - - - - $ - $ - $ -
Leasehold Improvements 7 $ 15,000 - - 1,000 - - 500 500 - - - - $ 17,000 $ 35,000 $ 37,500
Equipment 7 $ 15,000 - - 250 - - 200 250 - - - - $ 15,700 $ 28,000 $ 30,500
Furniture and Fixtures 5 $ 5,000 - - - - - - - - - - - $ 5,000 $ 18,000 $ 20,000
Vehicles 5 $ - - - - - - - - - - - - $ - $ - $ -
Other Fixed Assets 5 $ 1,000 - - - - - - - - - - - $ 1,000 $ 15,000 $ 18,000
Total Additional Fixed Assets $ 36,000 $ - $ - $ 1,250 $ - $ - $ 700 $ 750 $ - $ - $ - $ - $ 38,700 $ 96,000 $106,000
Other Expenses
Depreciation 457 457 457 472 472 472 480 489 489 489 489 489 $ 5,714
Interest
Commercial Loan 128 127 126 125 124 122 121 120 119 117 116 115 $ 1,460
Commercial Mortgage - - - - - - - - - - - - $ -
Credit Card Debt 35 35 34 34 33 33 32 32 31 30 30 29 $ 387
Vehicle Loans - - - - - - - - - - - - $ -
Other Bank Debt - - - - - - - - - - - - $ -
Line of Credit - 41 39 38 37 36 35 33 32 31 30 29 $ 380
Bad Debt Expense - - - - - - - - - - - - $ -
Total Other Expenses $ 620 $ 659 $ 656 $ 668 $ 666 $ 663 $ 668 $ 674 $ 671 $ 668 $ 665 $ 662 $ 7,941
Total Fixed Operating Expenses $ 32,440 $ 27,979 $ 29,476 $ 32,488 $ 30,486 $ 29,013 $ 30,568 $ 32,624 $ 31,121 $ 29,568 $ 28,515 $ 26,182 $ 360,461
Other Expenses
Depreciation 5,714 107,271 305,614
Interest
Commercial Loan 1,460 1,278 1,082
Commercial Mortgage - - -
Credit Card Debt 387 304 232
Vehicle Loans - - -
Other Bank Debt - - -
Line of Credit 380 288 240
Bad Debt Expense -
Cash Outflows
Investing Activities
New Fixed Asset Pur - - - 1,250 - - 700 750 - - - - $ 2,700
Additional Inventory - - - 1,000 1,000 - 1,000 1,000 500 - - - $ 4,500
Cost of Goods Sold 100,000 120,000 140,000 160,000 200,000 180,000 180,000 200,000 180,000 180,000 160,000 100,000 ###
Operating Activities
Operating Expenses 31,820 27,320 28,820 31,820 29,820 28,350 29,900 31,950 30,450 28,900 27,850 25,520 $ 352,520
Payroll 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 $ 435,386
Taxes $ -
Financing Activities
Loan Payments 451 451 451 451 451 451 451 451 451 451 451 451 $ 5,410
Owners Distribution - - - - - - - - - - - - $ -
Line of Credit Interest 41 39 38 37 36 35 33 32 31 30 29 $ 380
Line of Credit Repa 179 179 179 180 180 180 180 180 180 180 180 180 $ 2,157
Dividends Paid - - - - - - - - - - - - $ -
Total Cash Outflows $168,732 $184,273 $205,771 $231,021 $267,770 $245,299 $248,548 $270,646 $ 247,895 $245,844 $224,793 $162,462 ###
Net Cash Flows $ (6,257) $ 10,697 $ 21,694 $ 28,939 $ 57,180 $ 47,156 $ 43,907 $ 54,304 $ 44,560 $ 46,611 $ 35,167 $ 13 $ 383,972
Operating Cash Balance $ (6,257) $ 10,697 $ 32,391 $ 61,330 $118,510 $165,666 $209,574 $263,877 $ 308,437 $355,048 $390,216 $390,229
Line of Credit Drawdown $ 6,257 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 6,257
Ending Cash Balance $ - $ 10,697 $ 32,391 $ 61,330 $118,510 $165,666 $209,574 $263,877 $ 308,437 $355,048 $390,216 $390,229
Line of Credit Balance $ 6,078 $ 5,899 $ 5,720 $ 5,540 $ 5,360 $ 5,180 $ 5,000 $ 4,820 $ 4,640 $ 4,460 $ 4,280 $ 4,100
NOTE: To only view the annual total side-by-side, highlight columns C through N
Prepared By: Company and right-click. Then select "Hide". Use the same procedure to Hide columns P through AA
Name:
B, O and AB, right-click and select "Unhide".
Ariana Bell B.A.C Box
Septemb Novembe
Year 1 Totals May June July August er October r
Beginning Balance $390,229 $ 378,160 $ 379,836 $ 395,257 $ 423,423 $ 479,079 $ 521,990
Cash Inflows
Cash Sales $ 3,087,025 178,723 214,467 250,212 285,956 357,445 321,701 321,701
Accounts Receivable $ - - - - - - - -
Total Cash Inflows $ 3,087,025 $178,723 $214,467 $250,212 $285,956 $357,445 $321,701 $321,701
Cash Outflows
Investing Activities
New Fixed Asset P $ 2,700 8,000 8,000 8,000 8,000 8,000 8,000 8,000
Additional Invento $ 4,500 - - - 1,000 1,000 - 1,000
Cost of Goods Sol $ 1,900,000 110,000 132,000 154,000 176,000 220,000 198,000 198,000
Operating Activities
Operating Expens $ 352,520 30,298 30,298 30,298 30,298 30,298 30,298 30,298
Payroll $ 435,386 41,924 41,924 41,924 41,924 41,924 41,924 41,924
Taxes $ - - - - - - - -
Financing Activities
Loan Payments $ 5,410 451 451 451 451 451 451 451
Owners Distribution $ - - - - - - - -
Line of Credit Interes $ 380 27 27 26 25 25 24 24
Line of Credit Repay $ 2,157 92 92 92 92 92 92 92
Dividends Paid $ - - - - - - - -
Total Cash Outflows $ 2,703,053 $190,792 $212,791 $234,791 $257,790 $301,789 $278,789 $279,788
Net Cash Flows $ 383,972 $ (12,069) $ 1,676 $ 15,421 $ 28,166 $ 55,656 $ 42,912 $ 41,912
Operating Cash Balance $378,160 $379,836 $395,257 $423,423 $479,079 $521,990 $563,903
Line of Credit Drawdown $ 6,257 $ - $ - $ - $ - $ - $ - $ -
Ending Cash Balance $378,160 $379,836 $395,257 $423,423 $479,079 $521,990 $563,903
Line of Credit Balance $ 4,008 $ 3,916 $ 3,824 $ 3,732 $ 3,640 $ 3,548 $ 3,456
Decembe
r January February March April Year 2 Totals
Beginning Balance $ 563,903 $ 619,560 $ 661,975 $ 704,890 $ 734,070
Cash Inflows
Cash Sales 357,445 321,701 321,701 285,956 178,723 $3,395,728
Accounts Receivable - - - - - $ -
Total Cash Inflows $357,445 $ 321,701 $321,701 $285,956 $178,723 $3,395,728
Cash Outflows
Investing Activities
New Fixed Asset P 8,000 8,000 8,000 8,000 8,000 $ 96,000
Additional Invento 1,000 500 - - - $ 4,500
Cost of Goods Sol 220,000 198,000 198,000 176,000 110,000 $2,090,000
Operating Activities
Operating Expens 30,298 30,298 30,298 30,298 30,298 $ 363,576
Payroll 41,924 41,924 41,924 41,924 41,924 $ 503,083
Taxes - - - - -
Financing Activities
Loan Payments 451 451 451 443 451 $ 5,402
Owners Distribution - - - - - $ -
Line of Credit Interes 23 22 22 21 21 $ 288
Line of Credit Repay 92 91 91 91 91 $ 1,100
Dividends Paid - - - - - $ -
Total Cash Outflows $301,787 $ 279,286 $278,785 $256,777 $190,784 $3,063,948
Net Cash Flows $ 55,658 $ 42,415 $ 42,915 $ 29,179 $ (12,062) $ 331,779
Operating Cash Balance $619,560 $ 661,975 $704,890 $734,070 $722,008
Line of Credit Drawdown $ - $ - $ - $ - $ - $ -
Ending Cash Balance $619,560 $ 661,975 $704,890 $734,070 $722,008
Cash Outflows
Investing Activities
New Fixed Asset P 8,833 8,833 8,833 8,833 8,833 8,833 8,833 8,833 8,833
Additional Invento - - - 1,000 1,000 - 1,000 1,000 500
Cost of Goods Sol 121,000 145,200 169,400 193,600 242,000 217,800 217,800 242,000 217,800
Operating Activities
Operating Expens 31,249 31,249 31,249 31,249 31,249 31,249 31,249 31,249 31,249
Payroll 51,859 51,859 51,859 51,859 51,859 51,859 51,859 51,859 51,859
Taxes - - - - - - - - -
Financing Activities
Loan Payments 451 451 451 451 451 451 451 451 451
Owners Distribution - - - - - - - - -
Line of Credit Interes 20 20 20 20 20 20 20 20 20
Line of Credit Repay - - - - - - - - -
Dividends Paid - - - - - - - - -
Total Cash Outflows $213,412 $237,612 $261,812 $287,012 $335,412 $310,212 $311,212 $335,412 $310,712
Net Cash Flows $ (16,817) $ (1,698) $ 13,421 $ 27,540 $ 57,778 $ 43,659 $ 42,659 $ 57,778 $ 43,159
Operating Cash Balance $705,191 $703,493 $716,914 $744,454 $802,231 $845,890 $888,549 $946,327 $989,485
Line of Credit Drawdown $ - $ - $ - $ - $ - $ - $ - $ - $ -
Ending Cash Balance $705,191 $703,493 $716,914 $744,454 $802,231 $845,890 $888,549 $946,327 $989,485
Line of Credit Balance $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000
Cash Outflows
Investing Activities
New Fixed Asset P 8,833 8,833 8,833 $ 106,000
Additional Invento - - - $ 4,500
Cost of Goods Sol 217,800 193,600 181,400 $ 2,359,400
Operating Activities
Operating Expens 31,249 31,249 31,249 $ 374,987
Payroll 51,859 51,859 51,859 $ 622,305
Taxes - - - $ -
Financing Activities
Loan Payments 451 451 451 $ 5,410
Owners Distribution - - $ -
Line of Credit Interes 20 20 20 $ 240
Line of Credit Repay - - - $ -
Dividends Paid - - - $ -
Total Cash Outflows $310,212 $286,012 $273,812 $ 3,472,842
Net Cash Flows $ 43,659 $ 28,540 $ 20,918 $ 360,593
Operating Cash Balance ### ### ###
Line of Credit Drawdown $ - $ - $ - $ -
Ending Cash Balance ### ### ###
Rent or Lease -- Vehicles, Machinery, Equipment 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Rent or Lease -- Other Business Property 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Repairs and Maintenance - 500 1,000 3,000 2,000 1,500 2,000
Supplies 300 300 300 300 300 300 300
Travel, Meals and Entertainment 100 100 100 100 100 100 100
Utilities 320 320 320 320 320 350 400
Miscellaneous 500 500 500 500 500 500 500
Other Expense 1
Other Expense 2
Total Operating Expenses $ 31,820 $ 27,320 $ 28,820 $ 31,820 $ 29,820 $ 28,350 $ 29,900
Income (Before Other Expenses) $ (5,627) $ 11,368 $ 22,363 $ 31,858 $ 58,848 $ 47,823 $ 46,273
Other Expenses
Amortized Start-up Expenses 470 470 470 470 470 470 470
Depreciation 457 457 457 472 472 472 480
Interest
Commercial Loan 128 127 126 125 124 122 121
Commercial Mortgage - - - - - - -
Credit Card Debt 35 35 34 34 33 33 32
Vehicle Loans - - - - - - -
Other Bank Debt - - - - - - -
Line of Credit - 41 39 38 37 36 35
Bad Debt Expense - - - - - - -
Total Other Expenses 1,090 1,129 1,126 1,138 1,136 1,133 1,138
Net Income Before Income Tax $ (6,718) $ 10,239 $ 21,236 $ 30,719 $ 57,712 $ 46,690 $ 45,135
Income Tax $ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 1,380
Net Profit/Loss $ (8,098) $ 8,859 $ 19,856 $ 29,339 $ 56,332 $ 45,310 $ 43,755
Other Expenses
Amortized Start-up Expenses 5,640 5,640 5,640
Interest
Commercial Loan 1,460 1,278 1,082
Commercial Mortgage - - -
Credit Card Debt 387 304 232
Vehicle Loans - - -
Fixed Assets
Real Estate -- Land - - -
Real Estate -- Buildings - - -
Leasehold Improvements 17,000 52,000 89,500
Equipment 15,700 43,700 74,200
Furniture and Fixtures 5,000 23,000 43,000
Vehicles - - -
Other 1,000 16,000 34,000
Total Fixed Assets $ 38,700 $ 134,700 $ 240,700
(Less Accumulated Depreciation) $ 5,714 $ 112,986 $ 418,600
Total Assets $ 439,074 $ 758,442 $ 918,281
$ - $ - $ -
Balance sheet in or out of balance?
Balanced! Balanced! Balanced!
$ 435,385.92
Payroll
$ 360,461.26
Operating Expenses
Operating + Payroll $ 795,847
38.5%
Gross Margin % of Sales
$ 795,847
Total Fixed Expenses
$ 2,069,712
Yearly Breakeven Amount
Monthly Breakeven Amount $ 172,476
Ratios Year One Year Two Year Three Industry Norms Notes
Liquidity
Current Ratio 14.2 31.2 56.2
Quick Ratio 13.7 30.6 55.5
Safety
Debt to Equity Ratio 0.1 0.0 0.0
Debt-Service Coverage Ratio - DSCR 13.1 18.3 24.1
Profitability
Sales Growth 0.0% 10.0% 12.9%
COGS to Sales 61.5% 61.5% 61.5%
Gross Profit Margin 38.5% 38.5% 38.5%
SG&A to Sales 25.5% 25.5% 26.0%
Net Profit Margin 12.5% 9.5% 4.3%
Return on Equity (ROE) 93.9% 44.1% 18.2%
Return on Assets 87.8% 42.8% 17.9%
Owner's Compensation to Sales 0.0% 0.0% 0.0%
Efficiency
Days in Receivables 0.0 0.0 0.0
Accounts Receivable Turnover 0.0 0.0 0.0
Days in Inventory 0.9 1.6 2.1
Inventory Turnover 414.8 230.2 173.7
Sales to Total Assets 7.0 4.5 4.2
List any other variable costs associated with the delivery of your service during
this timeframe. -
Total Service Expenses $ 40
Number Units Sold During Timeframe 1
Cost of Goods Sold Per Unit $ 40
Commercial Loan
Principal Amount $ 22,000
Interest Rate 7.00%
Loan Term in Months 84.00
Monthly Payment Amount $332.04
May June July August September October November December January February
Year One
Interest 128 127 126 125 124 122 121 120 119 117
Principal 204 205 206 207 209 210 211 212 213 215
Loan Balance 21,796 21,591 21,385 21,178 20,970 20,760 20,549 20,337 20,123 19,909
Year Two
Interest 114 112 111 110 108 107 106 105 103 102
Principal 218 220 221 222 224 225 226 228 229 230
Loan Balance 19,257 19,037 18,816 18,594 18,371 18,146 17,920 17,692 17,463 17,233
Year Three
Interest 98 96 95 94 92 91 89 88 87 85
Principal 234 236 237 238 240 241 243 244 245 247
Loan Balance 16,534 16,299 16,062 15,824 15,584 15,343 15,100 14,856 14,611 14,364
Commercial Mortgage
Principal Amount $ -
Interest Rate 9.00%
Loan Term in Months 240.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
Amortization and Depreciation Schedule
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Amortization and Depreciation Schedule
Vehicle Loans
Principal Amount $ -
Interest Rate 6.00%
Loan Term in Months 48.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Amortization and Depreciation Schedule
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Amortization and Depreciation Schedule
Depreciation
Real Estate-Buildings 20
Leasehold Improvements 7
Equipment 7
Furniture and Fixtures 5
Vehicles 5
Other 5
May June July August September October November December January February
Year One
Starting Depreciation 457 457 457 457 472 472 472 480 489 489
Amortization and Depreciation Schedule
Additional Depreciation - - - 15 - - 8 9 - -
Ending Depreciation 457 457 457 472 472 472 480 489 489 489
Year Two
Starting Depreciation 489 1,789 3,089 4,389 5,689 6,989 8,289 9,589 10,889 12,189
Additional Depreciation 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300
Ending Depreciation 1,789 3,089 4,389 5,689 6,989 8,289 9,589 10,889 12,189 13,489
Year Three
Starting Depreciation 16,089 17,532 18,975 20,418 21,861 23,304 24,746 26,189 27,632 29,075
Additional Depreciation 1,443 1,443 1,443 1,443 1,443 1,443 1,443 1,443 1,443 1,443
Ending Deprecation 17,532 18,975 20,418 21,861 23,304 24,746 26,189 27,632 29,075 30,518
Amortization and Depreciation Schedule
Amortization of Start-Up
Costs Monthly
Prepaid Expenses $ 15,920
Total Expensed each Year $ 5,307 442
Other Initial Costs $ 1,000
Total Expensed each Year $ 333 28
Prepaid Expenses May June July August September October November December January February
Year One
Amount Amortized 442 442 442 442 442 442 442 442 442 442
Total Amortized 442 884 1,327 1,769 2,211 2,653 3,096 3,538 3,980 4,422
Year Two
Amount Amortized 442 442 442 442 442 442 442 442 442 442
Total Amortized 5,749 6,191 6,633 7,076 7,518 7,960 8,402 8,844 9,287 9,729
Year Three
Amount Amortized 442 442 442 442 442 442 442 442 442 442
Total Amortized 11,056 11,498 11,940 12,382 12,824 13,267 13,709 14,151 14,593 15,036
101 99 $ 1,278
232 233 $ 2,707
17,001 16,769
84 82 $ 1,082
248 250 $ 2,903
14,116 13,866
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
Amortization and Depreciation Schedule
30 29 $ 387
89 89 $ 1,039
5,051 4,961
15 23 $ 304
95 96 $ 1,114
3,944 3,848
17 16 $ 232
102 103 $ 1,194
2,756 2,654
- - $ -
- - $ -
- -
Amortization and Depreciation Schedule
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
Amortization and Depreciation Schedule
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
- - $ -
- - $ -
- -
- -
489 489 $ 5,714
28 28 $ 333
306 333
28 28 $ 333
639 667
28 28 $ 333
972 1,000
Date Last Revised Revised By Notes