QUICK LUNCH

STATEMENT OF INCOME
For the Period Ended December 31, 2015

Revenue:
Sales 29,315.00
Coupons 2,475.00
Total Revenue 31,790.00

Cost of Sales
Meat Bill 890.00
Food & Supplies 13,525.00
14,415.00

14,415.00
Gross Profit 17,375.00
Expenses:
Rental Expense 4,975.00
Taxes & Licences 75.00
Other operating expenses 90.00
Amortization 1,900.00
Depreciation 440.00
7,480.00
Income from Operation 9,895.00

Net Income 9,895.00

Notes

33,165 - 3850
[(1500/30)*27.50]-3850

Given
14275-750

3460+1515
225/12*4
given
(10300-4600)/12*4
Submitted by: Elan Jane Esteban
QUICK LUNCH
BALANCE SHEET
AS OF DECEMBER 31, 2002

ASSETS

Current Assets

Cash 12,265.00
Inventory 750.00
Prepaid Licenses 150.00

Total Current Assets 13,165.00

Property, Plant & Equipment

Cooking Range 8,800.00
Less: Accumulated Depreciation (440.00)
Net Book Value 8,360.00

Intangibles
Leasehold 3,800.00

Total Assets 25,325.00

LIABILITY AND CAPITAL

Current Liability
Accounts Payable 2,405.00
Deferred Revenue 1,375.00
Total Liabilities 3,780.00

Capital
Bingham Capital, Beginning 15,450.00
Add: Net Income 9,895.00
Less: Bingham, Drawings (3,800.00)
Bingham Capital, Ending 21,545.00

Total Liability and Capital 25,325.00

Submitted by: Elan Jane Esteban
-
 QUICK LUNCH
STATEMENT OF CASH FLOWS
For the Period Ended December 31, 2015

OPERATING ACTIVITIES
Net Income 9,895.00
Depreciation-Equipment 440.00
Amortization of lease 1,900.00
Increase in Inventory (750.00)
Increase in Prepaid Taxes (150.00)
Increase in Accounts Payable 2,405.00
Increase in Deferred Revenue 1,375.00

Cash Flow From Operating Activities 15,115.00

INVESTING ACTIVITIES
Proceeds from Sale of Equipment 400.00
Purchase of New Equipment (4,600.00)

CASH FLOW FROM INVESTING ACTIVITIES (4,200.00)

FINANCING ACTIVITIES:
Binghams Withdrawal (3,800.00)

CASH FLOW FROM FINANCING ACTIVITIES (3,800.00)

INCREASE/(DECREASE) IN CASH 7,115.00

Cash Beg. Balance 5,150.00
Cash -Ending Balance 12,265.00

12,265.00
-