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

Question
Asked Nov 2, 2019
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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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