| Cost of Goods Sold | |||
| Beginning Inventory | |||
| Add: Purchases | |||
| Freight-in | |||
| Direct Labor | |||
| Indirect Expenses | |||
| Inventory Available | |||
| Less: Ending Inventory | |||
| Cost of Goods Sold | |||
| Gross Profit (Loss) | |||
| Sales | Budget | Actual |
| Sales | $ 604,461.00 | $ 97,400.00 |
| Less Cost of Sales | $ 91,421.57 | $ 14,731.24 |
| Net Sales | $ 513,039.43 | $ 82,668.76 |
| Operating Expenses | ||
| Accounting | $ 53,040.00 | $ 8,840.00 |
| Advertising | $ 15,000.00 | $ 2,400.00 |
| Wages | $ 128,000.00 | $ 21,500.00 |
| Vehicle Expense | $ 3,600.00 | $ 700.00 |
| Bank Charges | $ 2,400.00 | $ 400.00 |
| Printing | $ 4,800.00 | $ 600.00 |
| Insurance | $ 15,600.00 | $ 2,600.00 |
| Interest Expense | $ 3,600.00 | $ 625.00 |
| Taxes | $ 12,000.00 | $ 2,250.00 |
| Rent | $ 28,800.00 | $ 4,900.00 |
| Telephone | $ 4,800.00 | $ 800.00 |
| Utilities | $ 12,000.00 | $ 2,450.00 |
| Deprecation Expense | $ 6,000.00 | $ 1,000.00 |
| Office Expense | $ 3,000.00 | $ 450.00 |
| Other Expense | $ 1,200.00 | $ 270.00 |
| Total Expenses | $ 293,840.00 | $ 49,785.00 |
| Net Profit | $ 219,199.43 | $ 32,883.76 |
| Cash Flow Analysis | ||
| Net Profit (Loss) | $ 219,199.43 | $ 32,883.76 |
| Depreciation Expense | $ 6,000.00 | $ 1,000.00 |
| Cash from Operations | $ 225,199.43 | $ 33,883.76 |
| Plus Initial Cash | $ 24,000.00 | $ 23,524.86 |
| Less Principal Payment* | $ 96,000.00 | $ 16,000.00 |
| Cash After Princ. Payment | $ 153,199.43 | $ 41,408.62 |
| Plus Loan Advance** | $ - | |
| Less Loan Payment*** | $ 60,000.00 | $ 10,000.00 |
| Plus Misc. Cash Inflow**** | $ - | |
| Minus Misc. Cash Outflow | $ 60,000.00 | $ 8,000.00 |
| Ending Cash Flow | $ 33,199.43 | $ 23,408.62 |
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