Cash Inflows

Investment by owners
Collection of Sales
Total Inflows (a)
Cash Outflows

M1
7,000,000
0
7,000,000

0
90,000
90,000

TOTAL Q1
0 7,000,000
108,000
198,000
108,000 7,198,000

Pagri

5,000,000

0 5,000,000

90,000

90,000

90,000

6,000
10,000
120,000
600,000
100,000
0
0
0

0
0
0
0
50,000
60,000
20,000
0

0
0
0
0
50,000
60,000
20,000
0

Purchases
Business License
Organizational Cost
Advance Rent
Fixture & Furniture
Advertising
Salaries
Utilities
Income Tax

Total Outflows (b)

Net Cash Flows (a - b)
add beg Cash Balance
Less Minim Cash Required
Surplus or Shortage of Cash
% Interest Income on surplus

M2

M3

Q2

Q3
Q4
Total Year 1
0
0
0
7,000,000
875,000 1,480,000 2,960,000 5,513,000
875,000 1,480,000 2,960,000 12,513,000
0

270,000

246,667

616,667

6,000
10,000
120,000
600,000
200,000
120,000
40,000
0

0
0
0
0
160,000
204,000
68,000
0

0
0
0
0
272,000
244,800
81,600
0

5,926,000
220,000
1,074,000 -130,000
0 1,078,370
200,000
200,000
874,000
748,370
4,370
3,742

220,000 6,366,000
-112,000
832,000
952,112
0
200,000
200,000
640,112
632,000
3,201
11,312

878,370
1,078,370

643,312
843,312

5,000,000

=G70+(0.5*H32)*2/3
1,133,333

0
0
0
0
326,400
293,760
97,920
62,748

6,000
10,000
120,000
600,000
958,400
862,560
287,520
62,748

678,667 1,215,067
780,828
196,333
264,933 2,179,172
200,000
839,646
12,595

200,000
200,000
1,117,174 3,313,103
16,758
49,697

9,040,561
3,472,439
0
200,000
3,272,439
90,361

852,240
1,052,240

1,133,931 3,362,800
1,333,931 3,562,800

3,362,800
3,562,800

843,312

1,052,240

1,333,931

ST bank loan needed & taken

Short term bank loan repaid
Interest paid 1% on bank loan
Short tern bank loan balance
Cash after loan & Interest

Ending Cash Balance

752,112
952,112

643,312
843,312

Projected Income Statements for Months, quarters, and first year periods
Sales
CGS (40% of sales)
GP 60% of sales

M1
100,000
40,000
60,000

M2
120,000
48,000
72,000

M3 TOTAL Q1
150,000 370,000
60,000
148,000
90,000
222,000

Q2
740,000
296,000
444,000

Q3
Q4 Total Year 1
1,480,000 2,960,000
5,550,000
592,000 1,184,000
2,220,000
888,000 1,776,000
3,330,000

Operating Expenses

Bad debt expense (10% of sales)

10,000
60,000
100,000
20,000
500
10,000
166
10,000

10,000
60,000
50,000
20,000
500
10,000
166
12,000

10,000
60,000
50,000
20,000
500
10,000
166
15,000

30,000
180,000
200,000
60,000
1,500
30,000
498
37,000

30,000
216,000
240,000
72,000
1,500
30,000
498
0

30,000
259,200
288,000
86,400
1,500
30,000
498
0

30,000
311,040
345,600
103,680
1,500
30,000
498
0

120,000
966,240
1,073,600
322,080
6,000
120,000
1,992
37,000

Total Operating Expenses

210,666

162,666

165,666

538,998

589,998

695,598

822,318

2,646,912

-150,666
4,370

-90,666
3,742

-75,666
3,201

-316,998
11,312

-145,998
12,595

192,402
16,758

953,682
49,697

683,088
90,361

-146,296
0

-86,924
0

-72,465
0

-305,686
0

-133,403
0

209,160 1,003,379
62,748
301,014

773,449
363,761

-146,296

-86,924

-72,465 -305,686

-133,403

Rent
Salaries
Advertising
Utilities
License amortization
Depreciation Expense fixture
Amortization Organization cost

Operating Profits (EBIT)

Add Interest Income
Less Interest Expense
EBT
Corporate Income Tax
NI

146,412

702,365

409,688

Projected Balance Sheets on the last day of next three months

Balance Sheets as of the LAST DAY of that month or quarter or year
ASSETS
Cash
Account Receivable
Inventory
Fixtures
Less Accumulated depreciation
Fixture (net)
Organizational cost
License fee
Prepaid Rent

M1

M2

M3 last dayQ1

TOTAL Q1

Q2

Q3

1,078,370

952,112

843,312

843,312

1,052,240

90,000
50,000
600,000
10,000
590,000
9,833
5,500
110,000

108,000

135,000

135,000

92,000

122,000

122,000

196,000

600,000

600,000

600,000

600,000

20000

30000

30000

60000

580,000
9,667

570,000
9,500

570,000
9,500

540,000
9,000

4,500
90,000

4,500
90,000

3,000
60,000

5,000
100,000

Q4

last day Year 1

1,333,931 3,562,800
0
0
344,000
640,000

3,562,800
0
640,000
600,000

600,000
90,000
510,000

600,000
120,000
480,000

120,000

8,500

8,000

8,000

1,500
30,000

0
0

480,000

Pagri

Total Assets

5,000,000

5,000,000

6,933,703 6,846,779

5,000,000

5,000,000

6,774,312 6,774,312

5,000,000

6,860,240
123,333

Accounts Payable

5,000,000

5,000,000

7,227,931 9,690,800
246,667
493,333

5,000,000

9,690,800
493,333
103,680

Salaries Payable

60,000

60,000

60,000

60,000

72,000

86,400

103,680

Utilities Payable

20,000

20,000

20,000

20,000

24000
80000
0

28800
96000
62748

34,560
115,200
301,014

34,560
115,200
301,014

80,000

80,000

80,000

80,000

299,333

520,615 1,047,787

1,047,787

7,000,000 7,000,000
-305,686 -305,686

7,000,000
-439,089

7,000,000 7,000,000
-292,677
409,688

7,000,000
409,688

6,560,911
6,860,244

6,707,323 7,409,688
7,227,937 8,457,475

7,409,688
8,457,475

Advertising Payable
Income Tax Payable

Total Liabilities
Paid -up Share Capital
RE

7,000,000 7,000,000

-146,296

-233,220

OE

6,853,704

6,766,780

TL & OE

6,933,704 6,846,780

6,694,314

6,694,314

6,774,314 6,774,314

For First 3 Months

cash in balance sheet is ending balance from cash budget

acc RA 90% of Sales

Purchases 90,000 per month
Depreciated fixture over 5 years
Amortized org costs over 5 years
Amortized business licence over 12 months
Rent Pre-paid for 12 months, so end of Q3 zero prepaid rent
End RE =NI + Beg RE as both cash and stock dividends were zero
For Quarter 2 and on wards, the assumptions are:
Sales doubled( increased 100%) in each quarter after Q1.
Q2 and onward sales are on cash basis , so no acc Recievable
salaries, advertising and utilities expense grew 20% each quareter
Purchases of inventory in Q2 onwards are 50% of the sales of that quareter
Cash payment for purchases of inventory is 2/3 of purchases of that querter leaving 1/3 in acc P/As.
Also 1/3 of salaries , advertising, and utilities expenses are in Payables end of each quarter.
that means purchases and also salaries, advertising, and utilities of each month are paid next month
Cash Paid for purchases in a quarter = Beg Acc PA + Purchases - End Acc PA was used to find End Acc PA
CGS in a quarter = Beg Inve + Purchases - End Inve was used to find End Inventory of a quarter

50,000

200,000