Professional Documents
Culture Documents
Period Sales and Collections Worksheet
Period Sales and Collections Worksheet
1Q X4 2Q X4 3Q X4
Sales and Collections Worksheet
Unit Sales and Price Inputs
Unit Sales 1,000 1,500 2,100
Price per unit $1,000 $960 $920
COGS Worksheet
Cost-of-Goods Sold Inputs
Monitor screen: cost per unit $ 75.00 $ 72.00 $ 65.00
Monitor casing: cost per unit $ 75.00 $ 72.00 $ 65.00
Assembly labor: cost per unit $ 50.00 $ 50.00 $ 48.00
Total $ 200.00 $ 194.00 $ 178.00
Rent expense per square foot per quarter $ 5.00 $ 5.00 $ 5.00
Square feet of space rented 4,000 4,000 4,000
Total rent expense $ 20,000 $ 20,000 $ 20,000
Capital Worksheet
Capital Expenditures (CAPEX) Inputs
Equipment purchases $ 30,000 $ 30,000 $ 30,000
Furniture purchases $ 10,000 $ 10,000 $ 10,000
Fixtures purchases $ 5,000 $ 5,000 $ 5,000
Total CAPEX puchases $ 45,000 $ 45,000 $ 45,000
Depreciation inputs
Equipment depreciable life (years)
Furniture depreciable life (years)
Fixtures depreciable life (years)
Cash Worksheets
Cash Inputs
Minimum cash balance desired $ 250,000 $ 250,000 $ 250,000
DASHBOARD
Is the Balance Sheet balanced?
Sum total of Balance Sheet differences
Period
1Q X4 2Q X4 3Q X4
Revenues (total sales in dollars) $ 1,000,000 $ 1,440,000 $ 1,932,000
2,800
$900 N/A
60%
40%
30
90
$ 60.00
$ 60.00
$ 45.00
$ 165.00
20
30
1
1
1
1
1
8
4
2
4
23
$ 200,000
$ 175,000
$ 175,000
$ 150,000
$ 140,000
$ 120,000
$ 110,000
$ 55,000
$ 35,000
12%
1.12
3%
8%
$ 5.00
4,000
$ 20,000
35%
$ 30,000
$ 10,000
$ 5,000
$ 45,000
100%
5.0
5.0
4.0
4.0
5%
5%
6.3%
$ 250,000
0
0
0
7%
1.8%
No
$ -
Yes
$ -
4Q X4 X4
$ 2,520,000 $ 6,892,000
$ 685,328 $ 1,576,822
$ 594,044 $ 1,135,849
Period
1Q X4 2Q X4 3Q X4 4Q X4 X4
Assets
Cash $ 982,272 $ 1,260,656 $ 1,541,236 $ 2,135,280 $ 2,135,280
Accounts Receivable 133,333 192,000 257,600 336,000 336,000
Inventory 64,667 83,067 102,667 102,667 102,667
Fixed Assets, net 42,688 83,063 121,125 156,875 156,875
Total Assest $ 1,222,959 $ 1,618,785 $ 2,022,628 $ 2,730,822 $ 2,730,822
Liabilities
Accounts Payable $ 88,222 $ 103,133 $ 131,133 $ 154,000 $ 154,000
Payables from Capital Budget - - - - -
Loan Payable - 50,000 - - -
Total Liabilities $ 88,222 $ 153,133 $ 131,133 $ 154,000 $ 154,000
Owner's Equity
Common Stock $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000
Retained Earnings 134,737 465,652 891,495 1,576,822 1,576,822
Total Owner's Equity $ 1,134,737 $ 1,465,652 $ 1,891,495 $ 2,576,822 $ 2,576,822
Total Liabilities and Owner's Equity $ 1,222,959 $ 1,618,785 $ 2,022,628 $ 2,730,822 $ 2,730,822
Depreciation Budget
Equipment $ 1,500 $ 3,000 $ 4,500 $ 6,000 $ 15,000
Furniture 500 1,000 1,500 2,000 5,000
Fixtures 313 625 938 1,250 3,125
Total depreciation $ 2,313 $ 4,625 $ 6,938 $ 9,250 $ 23,125
685,328 1,576,822
9,250 23,125
(78,400) (336,000)
- (102,667)
22,867 154,000
- -
639,044 1,315,280
(45,000) (180,000)
(45,000) (180,000)
- 1,000,000
- 1,000,000
594,044 2,135,280
1,541,236 -
2,135,280 2,135,280
$ - $ -
Period
1Q X4 2Q X4 3Q X4 4Q X4 X4
Changes in Balance Sheet Accounts
Accounts Receivable beginning value - 133,333 192,000 257,600 -
Accounts Receivable ending value 133,333 192,000 257,600 336,000 336,000
(Increase) decrease in Accounts Recevable (133,333) (58,667) (65,600) (78,400)
### (336,000)
Present Value
NPV
WACC
G (To Perpetuity)
Period
1Q X4 2Q X4 3Q X4 4Q X4 X4
COST-OF-GOODS SOLD BUDGET
Cost-of-Goods Sold Budget
Monitor screen $ 75,000 $ 108,000 $ 136,500 $ 168,000 $ 487,500
Monitor casing 75,000 108,000 136,500 168,000 487,500
Assembly labor 50,000 75,000 100,800 126,000 351,800
Total Cost-of-goods sold $ 200,000 $ 291,000 $ 373,800 $ 462,000 $1,326,800
Period
1Q X4 2Q X4 3Q X4 4Q X4 X4
SALES BUDGET
Unit Sales and Price Budget
Unit Sales 1,000 1,500 2,100 2,800 7,400
x Price per unit $ 1,000 $ 960 $ 920 $ 900 N/A
= Total Sales $ 1,000,000 $ 1,440,000 $ 1,932,000 $ 2,520,000 $ 6,892,000
COLLECTIONS BUDGET
Cash Collections from Customers Budget
Cash sales this period $ 600,000 $ 864,000 $ 1,159,200 $ 1,512,000 $ 4,135,200
+ Credit sales collected $ 266,667 $ 517,333 $ 707,200 $ 929,600 $ 2,420,800
= Total collections $ 866,667 $ 1,381,333 $ 1,866,400 $ 2,441,600 $ 6,556,000
PURCHASES BUDGET
Purchases Budget
Total inventory needed $ 264,667 $ 374,067 $ 476,467 $ 564,667 N/A
- Beginning inventory - 64,667 83,067 102,667 -
= Purchases $ 264,667 $ 309,400 $ 393,400 $ 462,000 N/A
Fixed Costs
Salaries $ 470,400 $ 470,400 $ 663,600
Rent 20,000 20,000 20,000
Depreciation 2,313 4,625 6,938
Total Fixed Costs $ 492,713 $ 495,025 $ 690,538
Contribution Margin
Sales $ 1,000,000 $ 1,440,000 $ 1,932,000
Variable Costs 300,000 435,000 586,320
Contribution Margin 700,000 1,005,000 1,345,680
Fixed Costs 492,713 495,025 690,538
Interest Expense - 875 -
Taxes 72,551 178,185 229,300
Net Income $ 134,737 $ 330,915 $ 425,843
Operating Leverage
Fixed Costs $ 492,713 $ 495,025 $ 690,538
Total Costs (Fixed + Variable) $ 792,713 $ 930,025 $ 1,276,858
$ 168,000 $ 487,500
168,000 487,500
126,000 351,800
75,600 206,760
201,600 526,960
$ 739,200 $ 2,060,520
$ 697,200 $ 2,301,600
20,000 80,000
9,250 23,125
$ 726,450 $ 2,404,725
$ 2,520,000 $ 6,892,000
739,200 2,060,520
1,780,800 4,831,480
726,450 2,404,725
- 875
369,023 849,058
$ 685,328 $ 1,576,822
$ 726,450 $ 2,404,725
$ 1,465,650 $ 4,465,245
49.6% 53.9%
$ 900
264
$ 636
$ 726,450
1,142
1,142
900
$ 1,027,995
Period
1Q X4 2Q X4 3Q X4 4Q X4
Profit Margins
Gross Margin 80.0% 79.8% 80.7% 81.7%
Pre-Tax Margin 20.7% 35.4% 33.9% 41.8%
Net Profit Margin 13.5% 23.0% 22.0% 27.2%
Investment Returns
Return on Equity 47.5% 90.3% 90.1% 106.4%
Return on Assets 44.1% 81.8% 84.2% 100.4%
Return on Capital 47.5% 87.3% 90.1% 106.4%
Management Efficiency
Income/Employee $ 35,930 $ 88,244 $ 77,426 $ 119,187
Revenue/Employee $ 266,667 $ 384,000 $ 351,273 $ 438,261
Receivable Turnover 30.0 30.0 30.0 30.0
Inventory Turnover 12.4 14.0 14.6 18.0
Asset Turnover 3.3 3.6 3.8 3.7
80.7%
35.2%
22.9%
61.2%
57.7%
61.2%
$ 68,557
$ 299,652
20.5
12.9
2.5
$5,565,200
6,892,000
2,425,880
1,576,822
2,576,822
2,730,822
2,576,822
23
336,000
1,326,800
102,667