SIMID SPORTS COMPANY

Estimated Statement of Financial Position

December 31, 2011
Assets
Cash
Accounts Receivable
Inventory
Total current assets
Equipment
Less accumulated depreciation
Total assets
Liabilities and Equity
Accounts Payable
Bank loan payable
Taxes payable (due 3/15/2012)
Total liabilities
Share capital - ordinary
Retained earnings
Total shareholder's equity
Total liabilities and equity

SIMID SPORTS COMPANY

Monthly Sales Budget
January - April 2012
Budgeted Unit Sales Budgeted Unit Price
Dec-11 2500 $ 55.00

Jan-12 3500 $ 55.00

Feb-12 4500 $ 55.00
Mar-12 5500 $ 55.00
Total for the quarter 13500 $ 55.00

Apr-12 5000 $ 55.00

SIMID SPORTS COMPANY

Merchandise Purchases Budget
January - March 2012
January February
Next month's budgeted sales (units) 4500 5500
Ratio of inventory to future sales 20% 20%
Budgeted ending invetory (units) 900 1100
Add budgeted sales (units) 3500 4500
Required units of available merchandise 4400 5600
Deduct beginning inventory (units) 2500 900
Units to be Purchased 1900 4700

Budgeted Cost per Unit $ 30.00 $ 30.00

Budgeted Cost of merchandise purchases $ 57,000.00 $ 141,000.00

SIMID SPORTS COMPANY

Selling Expense Budgets
January - March 2012
January February
Budgeted sales $ 192,500.00 $ 247,500.00
Sales commision percent 20% 20%
Sales commisions $ 38,500.00 $ 49,500.00
Salary for sales $ 2,500.00 $ 2,500.00
Total selling expenses $ 41,000.00 $ 52,000.00

SIMID SPORTS COMPANY

General and Administrative Expense Budget
January - March 2012
January February
General and Administrative Salaries $ 6,000.00 $ 6,000.00
Maintenance Expense $ 1,000.00 $ 1,000.00
Total General and Administrative Expense $ 7,000.00 $ 7,000.00

SIMID SPORTS COMPANY

Capital Expenditures Budget
January - March 2012
January February
Equipment Purchased $ 18,000.00 $ 48,000.00
Depreciation of Equipment $ 2,812.50 $ 2,812.50
Depreciation from equipment purchased $ 187.50 $ 500.00
Land Acquired
Total Capital Expenditures $ 18,000.00 $ 48,000.00

Cash Receipt from Sales

December January
Sales 137500 192500
Less ending accounts receivable (75%) 103125 144375
Cash Receipt from :
Cash Sales (25%) 48125
Collection of prior month's receivables (1st 60%, 2nd 40%) 62500

Total cash receipts 110625

Cash Disbursements for Merchandise

January February
Purchases 57000 141000
Cash Disbursements for :
Prior month purchases (1st 20%, 2nd 80%) 40000 151400
Total cash disbursements for purchases 40000 151400
 SIMID SPORTS COMPANY
Cash Budget
January - March 2012
January February
Beginning cash balance $ 18,000.00 $ 20,050.00
Cash receipt from costumers $ 110,625.00 $ 348,500.00
Total Cash Available $ 128,625.00 $ 368,550.00
Cash Disbursements
Payment for merchandise $ 40,000.00 $ 151,400.00
Sales commisions $ 38,500.00 $ 49,500.00
Salaries
Sales $ 2,500.00 $ 2,500.00
Administrative $ 6,000.00 $ 6,000.00
Taxes Payable
Interest on Bank Loan (1%) $ 75.00 $ 50.00
Purchase of Equipment $ 18,000.00 $ 48,000.00
Purchase of Land
Maintenance Expense $ 1,000.00 $ 1,000.00
Total Cash Disbursements $ 106,075.00 $ 258,450.00
Preliminary cash balance $ 22,550.00 $ 110,100.00
Loan Activity
Repayment of loan to bank $ 2,500.00 $ 2,500.00
Ending cash balance $ 20,050.00 $ 107,600.00
Loan balance end of month $ 5,000.00 $ 2,500.00

SIMID SPORTS COMPANY

Budgeted Income Statement
For Three Months Ended March 31, 2012
Sales
Cost of Goods Sold
Gross Profit
Operating Expense
Sales commisions $ 148,500.00
Sales Salaries $ 7,500.00
Administrative Salaries $ 18,000.00
Depreciation of Equipment $ 9,275.00
Maintenance Expense $ 3,000.00
Interest Expense $ 150.00
Profit before tax
Income tax expenses (40% pretax income)
Net Profit

SIMID SPORTS COMPANY

Budgeted Statement of Financial Position
March 31, 2012
Assets
Cash
Account Receivable
Inventory
Land
Equipment
Less accumulated depreciation
Total assets
Liabilities and Equity
Liabilities
Accounts payable
Taxes payable
Shareholder's equity
Share capital - ordinary
Retained Earnings
Total liabilities and equity
 Bima Aprileo
n Wijawiyata Manajemen 79

$ 18,000.00
$ 262,500.00
$ 75,000.00
$ 355,500.00
$ 270,000.00
$ 33,750.00 $ 236,250.00
$ 591,750.00

$ 180,000.00
$ 7,500.00
$ 45,000.00
$ 232,500.00
$ 236,250.00
$ 123,000.00
$ 359,250.00
$ 591,750.00

Budgeted Total Sales

$ 137,500.00

$ 192,500.00
$ 247,500.00
$ 302,500.00
$ 742,500.00

$ 275,000.00

March Total
5000 15000
20% 20%
1000 3000
5500 13500
6500 16500
1100 4500
5400 12000

$ 30.00 $ 30.00
 $ 162,000.00 $ 360,000.00

March Totals
$ 302,500.00 $ 742,500.00
20% 20%
$ 60,500.00 $ 148,500.00
$ 2,500.00 $ 7,500.00
$ 63,000.00 $ 156,000.00

et

March Totals
$ 6,000.00 $ 18,000.00
$ 1,000.00 $ 3,000.00
$ 7,000.00 $ 21,000.00

March Total
$ 14,400.00 $ 80,400.00
$ 2,812.50 $ 8,437.50
$ 150.00 $ 837.50
$ 75,000.00
$ 92,362.50 $ 158,362.50

February March
247500 302500
185625 226875

61875 75625
286625 169125

348500 244750

March Total
162000 360000

73800 265200
73800 265200
 March
$ 107,600.00
$ 244,750.00
$ 352,350.00

$ 73,800.00
$ 60,500.00

$ 2,500.00
$ 6,000.00
$ 45,000.00
$ 25.00
$ 14,400.00
$ 75,000.00
$ 1,000.00
$ 278,225.00
$ 74,125.00

$ 2,500.00
$ 71,625.00
$ -

$ 742,500.00
$ 405,000.00
$ 337,500.00

$ 186,425.00
$ 151,075.00
$ 60,430.00
$ 90,645.00

$ 71,625.00
 $ 301,125.00
$ 30,000.00
$ 75,000.00
$ 350,400.00
$ 43,025.00 $ 307,375.00
$ 785,125.00

$ 274,800.00
$ 60,430.00 $ 335,230.00

$ 236,250.00
$ 213,645.00 $ 449,895.00
$ 785,125.00