A B C D

1 Tutorial Exercise-Collegetown Thrift Shop

2
3 Constants 2016 2017 2018
4 Tax Rate NA 33% 35%
5 Loan Amount for Store Expansion NA $100,000 NA
6
7 Inputs 2016 2017 2018
8 Economic Outlook (R=Recession, B=Boom) NA NA
9 Inflation Outlook (H=High, L=Low) NA NA
10
11 Summary of Key Results 2016 2017 2018
12 Net Income after Taxes (Expansion) NA
13 End-of-year cash on hand (Expansion) NA
14 Net Income after Taxes (No Expansion) NA
15 End-of-year cash on hand (No Expansion) NA
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17 Calculations (Expansion) 2016 2017 2018
18 Total Sales Dollars $350,000
19 Cost of Goods Sold $245,000
20 Cost of Goods Sold (as a percent of Sales) 70%
21 Interest Rate for Business Loan NA NA
22
23 Calculations (No Expansion) 2016 2017 2018
24 Total Sales Dollars $350,000
25 Cost of Goods Sold $245,000
26 Cost of Goods Sold (as a percent of Sales) 70%
27
28 Income and Cash Flow Statements (Expansion) 2016 2017 2018
29 Beginning-of-year cash on hand NA
30 Sales (Revenue) NA
31 Cost of Goods Sold NA
32 Business Loan Payment NA
33 Income before taxes NA
34 Income Tax Expense NA
35 Net Income after Taxes NA
36 End-of-year Cash on Hand $15,000
37
38 Income and Cash Flow Statements (No Expansion) 2016 2017 2018
39 Beginning-of-year cash on hand NA
40 Sales (Revenue) NA
41 Cost of Goods Sold NA
42 Income before taxes NA
43 Income Tax Expense NA
44 Net Income after Taxes NA
45 End-of-year Cash on Hand $15,000