The income statement represents the projected revenues, expenses and net profit for the first 18 months of business. La Bambinière estimates that 70% of the revenues will come from the Child Care Subsidy, 27% from parent fee and tuition and 3% from application and activity fees. The miscellaneous expenses represent compensation paid to helpers that La Bambinière will at times hire to give the owner who is the primary caregiver a break from time to time until employees are hired. These are part time workers who will come in for few hours every other day. La Bambinière is looking to make net a profit of $4,435 in the 18 months of business. Expenses such as rent, utility, telephone have not been factored in since they are part of the home expenses nevertheless a small percentage of those expenses will be applied to the business later on. (See appendix C for the Pro Forma Income Statement).
Plan for Ongoing Funding The Child Care Subsidy is an ongoing funding source as long as La Bambinière continues to meet the requirements and uphold the NCDCDEE rules and regulations. La Bambinière will have fund raisers to cover some of the activities for the children just like the public school does with cookie dough, coupons books; in addition the business will sell artifacts imprinted with La Bambinière logo, such as mugs, pillow cases, baby blankets made in house. La Bambinière expects sales of to grow to the point of creating another venture.
Growth Plan New venture often
Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $1.5 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash.
each element in your Question 1 pro forma profit and loss statement. Are there any items that
The purpose of this paper is to provide an insight into a current legislation and conduct background research, and inform the legislator of my own views on this issue. This paper will also provide the effect of the Family and Consumer Sciences mission, through social policy and legislative channels, in regards to children and families tied to concerns surrounding them and their communities. Through this paper, I will be conducting research on California Family Code Section 3900: Duty of Parent to Support Child as well as the subsections that follows under this chapter (3901 & 3902). I will provide an insight on how unemployment and poverty affect non-custodial parents as well as the role strain of child support on fatherhood.
With respect to Columbia Memorial Hospital, a profit and loss statement must be done in order for the clinic to know if they should continue expanding or shut down. A pro forma profit and loss statement advances the company's proposal for future revenues and expenses. Various companies have numerous approaches they use to reach how they will deliver the goods financially for the future. Separate scenarios have been investigated.
The income statement on page 50 shows the variable costs and fixed costs more clearly. It has broken down the
. . . . . . . . 17 . . . . . . . . . . . . . 18 Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 . . . . . . . . . . . . . 19 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 . . . . . . . . . . . . . 20 Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 760,000 . . . . . 20 . . . 21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20 . . . . . . 21 . . . . 3,648,000 . . . . . . . . . 22 Ordinary business income (loss). Subtract line 21 from line 8 . . . . . . . . . . . . . . . .22 . . . .1,152,000. . . . . . . . .
Ashley’s Accessory Shop started the year with total assets of $140,000 and total liabilities of $80,000. During the year the business recorded $220,000 in revenues, $110,000 in expenses, and dividends of $40,000. The net income reported by Ashley’s Accessory Shop for the year was
It is important to explain some of the assumptions made in the pro forma statement, as they play a critical part in determining the forecasted revenues. Cost of sales was determined by the equation purchases + other outlays – change in inventory, other outlays = cost of sales. Other Expenses was calculated by adding depreciation costs and four months’ worth of interest, which came to $47,000
* Revenue: Patient service revenue be reported net of estimated adjustments and does not include charity care. Include note disclosures of method revenue recognition and management’s policies for providing charity care and notes charity care provided. Operating revenues cover patient service revenue, premium revenue based on agreement for a fixed fee, other revenue from parking fees, gift shop, cafeteria, and tuition. The unrestricted gifts; investment income for current unrestricted purposes be classified according to the policy there in.
Some eight-year-olds dream about the day that the mountains of daily chores and rules would dissipate and their playing time become perpetual. Premature visions of this perfect dream world would set parents and guardians off on an indefinite leave of absence. However, these visions become cloudier as time progresses and feelings of emptiness replace excitement. This so-called dream world became my reality. When the housing bubble burst in 2008, my parents had no other option but to look for other sources of income outside of the real estate market. They had to empty their savings account to start up a rental car business back in their home country of Nicaragua. Consumed by their new entrepreneurial ventures, my parents had less time to come
Reports revenues and expenses for a specific period of time. A firm's revenues, gains, expenses and losses are listed on the income statement. Revenue is money earned from a company’s
The Boys and Girls Club of Woonsocket currently undergoes a diverse field of fundraising opportunities, as any strong non-profit should be doing. They currently receive income from their own business services such as their daycare program, have national and state alliances with various for-profit organizations, receive foundation grants from the Boys and Girls Club of America and have their own private supporters in the surrounding areas. The following information will go into detail about these different revenue streams, as well as determine any changes that need to be made in order to make the BGC of Woonsocket more sustainable.
This income statement tells how much money a company has brought in (its revenues) how much it has spent (its expenses) and the difference between the two (its profit). The income statement show’s a company’s revenues and expenses over a specific time frame. This statement
Jose Samudio Oppe Fixed Expenses Period 2 10/20/17 Fixed Expenses Rent $800 Car Insurance $106.20 Telephone $125.00 Internet $84.99 -Total of fixes expenses $1,116.19 for each month. Variable Expenses Gas -Repairs (House, Car)
April balance of the $4,000, so beginning cash was $4,000.Carmen got cash sales revenue $7,400, less paid cash $1,510 for employee wages, less paid replenishment inventory $2,900,less rent for three-month $1,800, less paid cash $1,800 for sewing machine. Finally the ending cash was $3,390. According to above details , the statement of cash flow for the three-month operations of Ribbons an’ Bows, Inc., can be created as follows.