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Table of Contents
Table of Contents
.....................................................................................................................................................................17
7.5 Business Ratios.....................................................................................................................................18
Table: Ratios...........................................................................................................................................18
Table: Sales Forecast.........................................................................................................................................1
...........................................................................................................................................................................1
Table: Personnel................................................................................................................................................2
...........................................................................................................................................................................2
Table: General Assumptions.............................................................................................................................3
...........................................................................................................................................................................3
Table: Profit and Loss.......................................................................................................................................4
...........................................................................................................................................................................4
Table: Cash Flow..............................................................................................................................................5
Table: Balance Sheet.........................................................................................................................................6
Page 2
Liquid Culture
Chart: Highlights
Highlights
$4,000,000
$3,600,000
$3,200,000
$2,800,000
Sales
$2,400,000
Gross Margin
$2,000,000
Net Profit
$1,600,000
$1,200,000
$800,000
$400,000
$0
Year 1
Year 2
Year 3
1.1 Mission
Liquid Culture's mission is to present consumers with designs, styling and clothes that
energizes any outdoor activity. Whether it be snowboarding, running along the beach, or
drifting down a river, Liquid Culture has comfortable, durable clothing that will look and feel
wonderful.
Page 1
Liquid Culture
Accessible website that is entertaining to surf. Like a trip to your favorite store where you
always find something new that you want.
Establishing a strong advertising campaign in a traditional media vehicle; i.e. magazines.
Excellent vendor relationship that will facilitate quality manufacturing of Liquid Culture's
clothing and quick shipment of orders.
Acquiring an excellent design staff.
Start-up
Requirements
Start-up Expenses
Legal
Stationery etc.
Brochures
Consultants
Insurance
Rent
Leased Office Equipment
Computer Equipment/Software
Website
Other
Total Start-up Expenses
$1,000
$500
$0
$5,000
$0
$2,000
$10,000
$30,000
$10,000
$0
$58,500
Start-up Assets
Cash Required
Start-up Inventory
Other Current Assets
Long-term Assets
Total Assets
$401,500
$0
$0
$0
$401,500
Total Requirements
$460,000
Page 2
Liquid Culture
Start-up Funding
Start-up Expenses to Fund
Start-up Assets to Fund
Total Funding Required
$58,500
$401,500
$460,000
Assets
Non-cash Assets from Start-up
Cash Requirements from Start-up
Additional Cash Raised
Cash Balance on Starting Date
Total Assets
$0
$401,500
$0
$401,500
$401,500
$0
$200,000
$0
$0
$200,000
Capital
Planned Investment
Investor 1
Investor 2
Other
Additional Investment Requirement
Total Planned Investment
$130,000
$130,000
$0
$0
$260,000
($58,500)
$201,500
$401,500
Total Funding
$460,000
Page 3
Liquid Culture
3.0 Products
Liquid Culture will sell women's outdoor clothing online. We will offer outdoor clothing for
almost every type of active use. We will focus on the seasonal clothing demands of our
customers including the following:
Fleece outerwear.
Rain gear, waterproof breathables, as well as coated nylon.
Synthetic clothing for outdoor activities.
Hats.
Shorts.
Pants.
Shirts.
Women 17-25 years of age: Youth drives the market so this is the important group to
attract to the website. They have less money than the older group so we must give them
what they want for less. The key is to have inexpensive selections in each clothing group
that have the popular cut. The company's logo attractiveness to this group can not be
stressed strongly enough. The initial small purchases will grow larger over time.
Women 26-40 years of age: They are the core group that will drive Liquid Culture's
success. This target group is responsible for the growth of outdoor women's wear. They
will be harder to pull into the website. Once there, the key will be promoting the quality,
attractiveness and savings. In addition, we will have to assure that the purchase will fit the
way the customer wants it to. It will be crucial that the return policy is hassle-free and
speedy.
Page 4
Liquid Culture
Market Analysis
Potential Customers
Growth
20%
15%
0%
17.81%
Year 1
Year 2
Year 3
Year 4
Year 5
6,000,000
5,000,000
0
11,000,000
7,200,000
5,750,000
0
12,950,000
8,640,000
6,612,500
0
15,252,500
10,368,000
7,604,375
0
17,972,375
12,441,600
8,745,031
0
21,186,631
CAGR
20.00%
15.00%
0.00%
17.81%
Page 5
Liquid Culture
Page 6
Liquid Culture
Sales Forecast
Year 1
Year 2
Year 3
Clothing
Other
Total Sales
$2,170,000
$0
$2,170,000
$3,000,000
$0
$3,000,000
$4,300,000
$0
$4,300,000
Year 1
$1,249,000
$0
$1,249,000
Year 2
$1,800,000
$0
$1,800,000
Year 3
$2,580,000
$0
$2,580,000
Sales
Page 7
Liquid Culture
Sales Monthly
$400,000
$360,000
$320,000
$280,000
$240,000
Clothing
$200,000
Other
$160,000
$120,000
$80,000
$40,000
$0
Month 1
Month 3
Month 5
Month 7
Month 9
Month 11
Month 2
Month 4
Month 6
Month 8
Month 10
Month 12
Sales by Year
$4,000,000
$3,500,000
$3,000,000
Clothing
$2,500,000
Other
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Year 1
Year 2
Year 3
Page 8
Liquid Culture
Table: Personnel
Personnel Plan
Year 1
Year 2
Year 3
Marketing/Website Director
Design Director
Designers
Web Administrator
Office Manager
Marketing Staff
Accountant
Other
Total People
$84,000
$84,000
$144,000
$48,000
$36,000
$96,000
$39,600
$0
8
$90,000
$90,000
$156,000
$52,000
$39,000
$104,000
$44,000
$0
8
$95,000
$95,000
$166,000
$56,000
$42,000
$112,000
$48,000
$0
8
Total Payroll
$531,600
$575,000
$614,000
Page 9
Liquid Culture
Break-even Analysis
Monthly Revenue Break-even
$177,248
Assumptions:
Average Percent Variable Cost
Estimated Monthly Fixed Cost
58%
$75,228
Break-even Analysis
$60,000
$40,000
$20,000
$0
($20,000)
($40,000)
($60,000)
$0
$60,000
$120,000
$180,000
$240,000
$300,000
$30,000
$90,000
$150,000
$210,000
$270,000
$330,000
Page 10
Liquid Culture
Profit Monthly
$60,000
$40,000
$20,000
$0
($20,000)
($40,000)
Month 1
Month 3
Month 5
Month 7
Month 9
Month 11
Month 2
Month 4
Month 6
Month 8
Month 10
Month 12
Page 11
Liquid Culture
Profit Yearly
$400,000
$360,000
$320,000
$280,000
$240,000
$200,000
$160,000
$120,000
$80,000
$40,000
$0
Year 1
Year 2
Year 3
Page 12
Liquid Culture
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
Year 1
Year 2
Year 3
Page 13
Liquid Culture
Year 2
Year 3
$2,170,000
$1,249,000
$0
$1,249,000
$3,000,000
$1,800,000
$0
$1,800,000
$4,300,000
$2,580,000
$0
$2,580,000
$921,000
42.44%
$1,200,000
40.00%
$1,720,000
40.00%
Payroll
Sales and Marketing and Other Expenses
Depreciation
Leased Equipment
Utilities
Insurance
Rent
Payroll Taxes
Other
$531,600
$265,000
$0
$0
$2,400
$0
$24,000
$79,740
$0
$575,000
$340,000
$0
$0
$2,400
$0
$24,000
$86,250
$0
$614,000
$440,000
$0
$0
$2,400
$0
$24,000
$92,100
$0
$902,740
$1,027,650
$1,172,500
$18,260
$18,260
$17,574
$206
$172,350
$172,350
$13,281
$47,721
$547,500
$547,500
$8,801
$161,610
$481
0.02%
$111,349
3.71%
$377,089
8.77%
Sales
Direct Cost of Sales
Other Production Expenses
Total Cost of Sales
Gross Margin
Gross Margin %
Expenses
Page 14
Liquid Culture
Year 2
Year 3
$2,170,000
$2,170,000
$3,000,000
$3,000,000
$4,300,000
$4,300,000
$0
$0
$0
$0
$0
$0
$0
$2,170,000
$0
$0
$0
$0
$0
$0
$0
$3,000,000
$0
$0
$0
$0
$0
$0
$0
$4,300,000
Year 1
Year 2
Year 3
$531,600
$1,590,840
$2,122,440
$575,000
$2,410,513
$2,985,513
$614,000
$3,317,830
$3,931,830
$0
$0
$0
$44,796
$0
$0
$0
$2,167,236
$0
$0
$0
$44,796
$0
$0
$0
$3,030,309
$0
$0
$0
$44,796
$0
$0
$0
$3,976,626
$2,764
$404,264
($30,309)
$373,956
$323,374
$697,330
Cash Received
Cash from Operations
Cash Sales
Subtotal Cash from Operations
Additional Cash Received
Sales Tax, VAT, HST/GST Received
New Current Borrowing
New Other Liabilities (interest-free)
New Long-term Liabilities
Sales of Other Current Assets
Sales of Long-term Assets
New Investment Received
Subtotal Cash Received
Expenditures
Expenditures from Operations
Cash Spending
Bill Payments
Subtotal Spent on Operations
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out
Principal Repayment of Current Borrowing
Other Liabilities Principal Repayment
Long-term Liabilities Principal Repayment
Purchase Other Current Assets
Purchase Long-term Assets
Dividends
Subtotal Cash Spent
Net Cash Flow
Cash Balance
Page 15
Liquid Culture
Chart: Cash
Cash
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
Cash Balance
$100,000
$50,000
$0
Month 12
Month 11
Month 10
Month 9
Month 8
Month 7
Month 6
Month 5
Month 4
Month 3
Month 2
Month 1
($50,000)
Page 16
Liquid Culture
Year 2
Year 3
$404,264
$264,000
$0
$668,264
$373,956
$237,790
$0
$611,746
$697,330
$338,983
$0
$1,036,313
$0
$0
$0
$668,264
$0
$0
$0
$611,746
$0
$0
$0
$1,036,313
Year 1
Year 2
Year 3
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
$311,080
$0
$0
$311,080
$188,009
$0
$0
$188,009
$280,283
$0
$0
$280,283
Long-term Liabilities
Total Liabilities
$155,204
$466,284
$110,408
$298,417
$65,612
$345,895
Paid-in Capital
Retained Earnings
Earnings
Total Capital
Total Liabilities and Capital
$260,000
($58,500)
$481
$201,981
$668,264
$260,000
($58,019)
$111,349
$313,329
$611,746
$260,000
$53,329
$377,089
$690,418
$1,036,313
Net Worth
$201,981
$313,329
$690,418
Assets
Current Assets
Cash
Inventory
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Current Liabilities
Page 17
Liquid Culture
Ratio Analysis
Year 1
Year 2
Year 3
Industry Profile
n.a.
38.25%
43.33%
10.40%
Inventory
Other Current Assets
Total Current Assets
Long-term Assets
Total Assets
39.51%
0.00%
100.00%
0.00%
100.00%
38.87%
0.00%
100.00%
0.00%
100.00%
32.71%
0.00%
100.00%
0.00%
100.00%
34.10%
25.70%
89.40%
10.60%
100.00%
Current Liabilities
Long-term Liabilities
Total Liabilities
Net Worth
46.55%
23.22%
69.78%
30.22%
30.73%
18.05%
48.78%
51.22%
27.05%
6.33%
33.38%
66.62%
40.70%
9.00%
49.70%
50.30%
100.00%
42.44%
42.42%
11.29%
0.84%
100.00%
40.00%
36.29%
10.00%
5.75%
100.00%
40.00%
31.23%
9.30%
12.73%
100.00%
24.80%
14.80%
0.90%
2.00%
2.15
1.30
69.78%
0.34%
0.10%
3.25
1.99
48.78%
50.77%
26.00%
3.70
2.49
33.38%
78.03%
51.98%
2.36
1.09
49.70%
4.90%
9.70%
Sales Growth
Percent of Total Assets
Percent of Sales
Sales
Gross Margin
Selling, General & Administrative Expenses
Advertising Expenses
Profit Before Interest and Taxes
Main Ratios
Current
Quick
Total Debt to Total Assets
Pre-tax Return on Net Worth
Pre-tax Return on Assets
Additional Ratios
Year 1
Year 2
Year 3
0.02%
0.24%
3.71%
35.54%
8.77%
54.62%
n.a
n.a
10.91
6.11
27
3.25
7.17
12.17
40
4.90
8.95
12.17
25
4.15
n.a
n.a
n.a
n.a
2.31
0.67
0.95
0.63
0.50
0.81
n.a
n.a
$357,185
1.04
$423,737
12.98
$756,030
62.21
n.a
n.a
0.31
47%
1.30
10.74
0.20
31%
1.99
9.57
0.24
27%
2.49
6.23
n.a
n.a
n.a
n.a
Activity Ratios
Inventory Turnover
Accounts Payable Turnover
Payment Days
Total Asset Turnover
Debt Ratios
Debt to Net Worth
Current Liab. to Liab.
Liquidity Ratios
Net Working Capital
Interest Coverage
Additional Ratios
Assets to Sales
Current Debt/Total Assets
Acid Test
Sales/Net Worth
Page 18
Liquid Culture
Dividend Payout
0.00
0.00
0.00
n.a
Page 19
Appendix
Table: Sales Forecast
Sales Forecast
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Sales
Clothing
Other
Total Sales
Direct Cost of Sales
Clothing
Other
Subtotal Direct Cost of Sales
0%
0%
$40,000
$0
$40,000
Month 1
$20,000
$40,000
$0
$40,000
Month 2
$20,000
$60,000
$0
$60,000
Month 3
$31,000
$80,000
$0
$80,000
Month 4
$42,000
$110,000
$0
$110,000
Month 5
$58,000
$140,000
$0
$140,000
Month 6
$78,000
$180,000
$0
$180,000
Month 7
$100,000
$220,000
$0
$220,000
Month 8
$120,000
$250,000
$0
$250,000
Month 9
$150,000
$300,000
$0
$300,000
Month 10
$180,000
$350,000
$0
$350,000
Month 11
$210,000
$400,000
$0
$400,000
Month 12
$240,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$20,000
$20,000
$31,000
$42,000
$58,000
$78,000
$100,000
$120,000
$150,000
$180,000
$210,000
$240,000
Page 1
Appendix
Table: Personnel
Personnel Plan
Month 1
Marketing/Website Director
Design Director
Designers
Web Administrator
Office Manager
Marketing Staff
Accountant
Other
Total People
Total Payroll
0%
0%
0%
0%
0%
0%
0%
0%
Month 10
Month 11
Month 12
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 2
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 3
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 4
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 5
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 6
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 7
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 8
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
Month 9
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
$7,000
$7,000
$12,000
$4,000
$3,000
$8,000
$3,300
$0
8
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
Page 2
Appendix
Table: General Assumptions
General Assumptions
Plan Month
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
10
11
Month 12
12
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
Long-term Interest
Rate
Tax Rate
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
Other
Page 3
Appendix
Table: Profit and Loss
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Sales
$40,000
$40,000
$60,000
$80,000
$110,000
$140,000
$180,000
$220,000
$250,000
$300,000
$350,000
$400,000
$20,000
$20,000
$31,000
$42,000
$58,000
$78,000
$100,000
$120,000
$150,000
$180,000
$210,000
$240,000
Other Production
Expenses
Total Cost of Sales
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$20,000
$20,000
$31,000
$42,000
$58,000
$78,000
$100,000
$120,000
$150,000
$180,000
$210,000
$240,000
Gross Margin
$20,000
$20,000
$29,000
$38,000
$52,000
$62,000
$80,000
$100,000
$100,000
$120,000
$140,000
$160,000
50.00%
50.00%
48.33%
47.50%
47.27%
44.29%
44.44%
45.45%
40.00%
40.00%
40.00%
40.00%
Payroll
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$30,000
$20,000
$10,000
$40,000
$15,000
$45,000
$15,000
$15,000
$25,000
$10,000
$30,000
$10,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
$200
Gross Margin %
Expenses
Leased Equipment
Utilities
Insurance
Rent
Payroll Taxes
Other
Total Operating
Expenses
Profit Before Interest and
Taxes
EBITDA
Interest Expense
Taxes Incurred
15%
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$2,000
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$6,645
$0
$83,145
$73,145
$63,145
$93,145
$68,145
$98,145
$68,145
$68,145
$78,145
$63,145
$83,145
$63,145
($63,145)
($53,145)
($34,145)
($55,145)
($16,145)
($36,145)
$11,855
$31,855
$21,855
$56,855
$56,855
$96,855
($63,145)
($53,145)
($34,145)
($55,145)
($16,145)
($36,145)
$11,855
$31,855
$21,855
$56,855
$56,855
$96,855
$1,449
$1,418
$1,387
$1,356
$1,324
$1,293
$1,636
$1,604
$1,573
$1,542
$1,511
$1,480
($19,434)
($16,425)
($10,716)
($17,006)
($5,297)
($11,288)
$3,122
$9,131
$6,140
$16,650
$16,659
$28,668
Net Profit
($45,346)
($38,325)
($25,003)
($39,681)
($12,359)
($26,338)
$7,284
$21,306
$14,328
$38,850
$38,871
$66,893
Net Profit/Sales
-113.37%
-95.81%
-41.67%
-49.60%
-11.24%
-18.81%
4.05%
9.68%
5.73%
12.95%
11.11%
16.72%
Page 4
Appendix
Table: Cash Flow
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
Cash Received
Cash from Operations
Cash Sales
$40,000
$40,000
$60,000
$80,000
$110,000
$140,000
$180,000
$220,000
$250,000
$300,000
$350,000
$400,000
$40,000
$40,000
$60,000
$80,000
$110,000
$140,000
$180,000
$220,000
$250,000
$300,000
$350,000
$400,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$40,000
$40,000
$60,000
$80,000
$110,000
$140,000
$180,000
$220,000
$250,000
$300,000
$350,000
$400,000
0.00%
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$44,300
$2,102
$62,079
$34,651
$53,959
$87,754
$97,272
$144,323
$153,408
$177,993
$225,221
$251,516
$300,561
$46,402
$106,379
$78,951
$98,259
$132,054
$141,572
$188,623
$197,708
$222,293
$269,521
$295,816
$344,861
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,733
$3,733
$3,733
$3,733
$3,733
$3,733
$3,733
$3,733
$3,733
$3,733
$3,733
$3,733
Bill Payments
Subtotal Spent on Operations
Additional Cash Spent
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Dividends
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$50,135
$110,112
$82,684
$101,992
$135,787
$145,305
$192,356
$201,441
$226,026
$273,254
$299,549
$348,594
Page 5
Appendix
Net Cash Flow
($10,135)
($70,112)
($22,684)
($21,992)
($25,787)
Cash Balance
$391,365
$321,253
$298,570
$276,578
$250,791
($5,305)
$245,487
($12,356)
$18,559
$23,974
$26,746
$50,451
$51,406
$233,130
$251,689
$275,663
$302,408
$352,859
$404,264
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
$401,500
$0
$0
$401,500
$391,365
$22,000
$0
$413,365
$321,253
$22,000
$0
$343,253
$298,570
$34,100
$0
$332,670
$276,578
$46,200
$0
$322,778
$250,791
$63,800
$0
$314,591
$245,487
$85,800
$0
$331,287
$233,130
$110,000
$0
$343,130
$251,689
$132,000
$0
$383,689
$275,663
$165,000
$0
$440,663
$0
$0
$0
$401,500
$0
$0
$0
$413,365
$0
$0
$0
$343,253
$0
$0
$0
$332,670
$0
$0
$0
$322,778
$0
$0
$0
$314,591
$0
$0
$0
$331,287
$0
$0
$0
$343,130
$0
$0
$0
$383,689
$0
$0
$0
$440,663
Month 1
Month 2
Month 10
Month 11
Month 12
$302,408
$198,000
$0
$500,408
$352,859
$231,000
$0
$583,859
$404,264
$264,000
$0
$668,264
$0
$0
$0
$500,408
$0
$0
$0
$583,859
$0
$0
$0
$668,264
Month 11
Month 12
Starting
Balances
Current Assets
Cash
Inventory
Other Current Assets
Total Current Assets
Long-term Assets
Long-term Assets
Accumulated Depreciation
Total Long-term Assets
Total Assets
Liabilities and Capital
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Current Liabilities
Accounts Payable
Current Borrowing
Other Current Liabilities
Subtotal Current Liabilities
$0
$0
$0
$0
$60,945
$0
$0
$60,945
$32,890
$0
$0
$32,890
$51,043
$0
$0
$51,043
$84,565
$0
$0
$84,565
$92,471
$0
$0
$92,471
$139,236
$0
$0
$139,236
$147,529
$0
$0
$147,529
$170,514
$0
$0
$170,514
$216,893
$0
$0
$216,893
$241,522
$0
$0
$241,522
$289,834
$0
$0
$289,834
$311,080
$0
$0
$311,080
Long-term Liabilities
Total Liabilities
$200,000
$200,000
$196,267
$257,212
$192,534
$225,424
$188,801
$239,844
$185,068
$269,633
$181,335
$273,806
$177,602
$316,838
$173,869
$321,398
$170,136
$340,650
$166,403
$383,296
$162,670
$404,192
$158,937
$448,771
$155,204
$466,284
Paid-in Capital
Retained Earnings
Earnings
$260,000
($58,500)
$0
$260,000
($58,500)
($45,346)
$260,000
($58,500)
($83,671)
$156,154
$413,365
$117,829
$343,253
$260,000
($58,500)
($160,71
4)
$40,786
$314,591
$260,000
($58,500)
($187,05
2)
$14,448
$331,287
$260,000
($58,500)
($179,76
7)
$21,733
$343,130
$260,000
($58,500)
($158,46
1)
$43,039
$383,689
$260,000
($58,500)
($144,13
4)
$57,366
$440,663
$260,000
($58,500)
($105,28
4)
$96,216
$500,408
$260,000
($58,500)
$481
$201,500
$401,500
$260,000
($58,500)
($148,35
5)
$53,145
$322,778
$260,000
($58,500)
($66,413)
Total Capital
Total Liabilities and Capital
$260,000
($58,500)
($108,67
4)
$92,826
$332,670
$135,087
$583,859
$201,981
$668,264
Net Worth
$201,500
$156,154
$117,829
$92,826
$53,145
$40,786
$14,448
$21,733
$43,039
$57,366
$96,216
$135,087
$201,981
Page 6