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Spreadsheet Assignment 1

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Annual Cash Budget - Year 1 Assumptions January February March April May June July August September October November December
Sales 100% 22,814 24,399 25,984 27,569 30,769 32,324 35,494 38,664 38,664 32,324 29,154 25,984
Cash Inflows: 364,143 6.27% 6.70% 7.14% 7.57% 8.45% 8.88% 9.75% 10.62% 10.62% 8.88% 8.01% 7.14% Cash 22,814 24,399 25,984 27,569 30,769 32,324 35,494 38,664 38,664 32,324 29,154 25,984 Loan Proceeds 175,000
Total Inflows: 197,814 24,399 25,984 27,569 30,769 32,324 35,494 38,664 38,664 32,324 29,154 25,984 Cash Outflows: Purchases 38.00% 8,669.32 9,271.62 9,873.92 10,476.22 11,692.22 12,283.12 13,487.72 14,692.32 14,692.32 12,283.12 11,078.52 9,873.92 Salaries and Wages 12 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 Employee Related Expenses 15% 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 Direct Operatings Expesnes 3.60% 821 878 935 992 1,108 1,164 1,278 1,392 1,392 1,164 1,050 935 Utilities & Telephone 3.40% 776 830 883 937 1,046 1,099 1,207 1,315 1,315 1,099 991 883 Property Insurance 1.50% 342 366 390 414 462 485 532 580 580 485 437 390 Admin Expenses 1.70% 388 415 442 469 523 550 603 657 657 550 496 442 Repairs & Maint 1.00% 228 244 260 276 308 323 355 387 387 323 292 260 Advertising & Promotion 2.00% 456 488 520 551 615 646 710 773 773 646 583 520 Property & Related Taxes 2.20% - 1,610 1,995 2,482 Start Up Expenses 4,678 4,678 Initial Inventory 5,322 5,322 Equipment 5,000 5,000 Building 160,000 160,000 Loan Pymt $1,836.20 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 Total Outflows: 197,413 23,225 24,036 26,458 26,486 27,282 30,900 30,528 30,528 29,764 25,659 24,036 Beginning Cash Balance 5,000 5,000 5,401 6,575 8,523 9,635 13,918 18,959 23,554 31,690 39,825 42,385 45,880 Add: Inflows 197,814 24,399 25,984 27,569 30,769 32,324 35,494 38,664 38,664 32,324 29,154 25,984 Subract: Outflows 197,413 23,225 24,036 26,458 26,486 27,282 30,900 30,528 30,528 29,764 25,659 24,036 Ending Cash Balance 5,401 6,575 8,523 9,635 13,918 18,959 23,554 31,690 39,825 42,385 45,880 47,828 Less: Minimum Cash 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 Surplus (Deficit) (9,599) (8,425) (6,477) (5,365) (1,082) 3,959 8,554 16,690 24,825 27,385 30,880 32,828

Annual Cash Budget - Year 2 Assumptions January February March April May June July August September October November December
Sales 110% 25,095.40 26,838.90 28,582.40 30,325.90 33,845.90 35,556.40 39,043.40 42,530.40 42,530.40 35,556.40 32,069.40 28,582.40
Cash Inflows: 400,557.30 6.27% 6.70% 7.14% 7.57% 8.45% 8.88% 9.75% 10.62% 10.62% 8.88% 8.01% 7.14% Cash 25,095 26,839 28,582 30,326 33,846 35,556 39,043 42,530 42,530 35,556 32,069 28,582 Loan Proceeds
Total Inflows: 25,095 26,839 28,582 30,326 33,846 35,556 39,043 42,530 42,530 35,556 32,069 28,582 Cash Outflows: Purchases 38.00% 9,536.25 10,198.78 10,861.31 11,523.84 12,861.44 13,511.43 14,836.49 16,161.55 16,161.55 13,511.43 12,186.37 10,861.31 Salaries and Wages 12 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 Employee Related Expenses 15% 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 Direct Operatings Expesnes 3.60% 903 966 1,029 1,092 1,218 1,280 1,406 1,531 1,531 1,280 1,154 1,029 Utilities & Telephone 3.40% 853 913 972 1,031 1,151 1,209 1,327 1,446 1,446 1,209 1,090 972 Property Insurance 1.50% 376 403 429 455 508 533 586 638 638 533 481 429 Admin Expenses 1.70% 427 456 486 516 575 604 664 723 723 604 545 486 Repairs & Maint 1.00% 251 268 286 303 338 356 390 425 425 356 321 286 Advertising & Promotion 2.00% 502 537 572 607 677 711 781 851 851 711 641 572 Property & Related Taxes 2.20% 1,924 1,771 2,194 2,730 Inventory 532.20 44 44 44 44 44 44 44 44 44 44 44 44 Loan Pymt $1,836.20 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 Total Outflows: 25,550 24,518 25,411 28,075 28,106 28,981 32,961 32,552 32,552 31,712 27,196 25,411 Beginning Cash Balance 47,828 47,374 49,695 52,866 55,117 60,858 67,432 73,515 83,493 93,472 97,316 102,189 Add: Inflows 25,095 26,839 28,582 30,326 33,846 35,556 39,043 42,530 42,530 35,556 32,069 28,582 Subract: Outflows 25,550 24,518 25,411 28,075 28,106 28,981 32,961 32,552 32,552 31,712 27,196 25,411 Ending Cash Balance 47,374 49,695 52,866 55,117 60,858 67,432 73,515 83,493 93,472 97,316 102,189 105,361 Less: Minimum Cash 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 Surplus (Deficit) 32,374 34,695 37,866 40,117 45,858 52,432 58,515 68,493 78,472 82,316 87,189 90,361

Annual Cash Budget - Year 3 Assumptions January February March April May June July August September October November December
Sales 110% 27,604.94 29,522.79 31,440.64 33,358.49 37,230.49 39,112.04 42,947.74 46,783.44 46,783.44 39,112.04 35,276.34 31,440.64
Cash Inflows: 440,613.03 6.27% 6.70% 7.14% 7.57% 8.45% 8.88% 9.75% 10.62% 10.62% 8.88% 8.01% 7.14% Cash 27,605 29,523 31,441 33,358 37,230 39,112 42,948 46,783 46,783 39,112 35,276 31,441 Loan Proceeds
Total Inflows: 27,605 29,523 31,441 33,358 37,230 39,112 42,948 46,783 46,783 39,112 35,276 31,441 Cash Outflows: Purchases 38.00% 10,489.88 11,218.66 11,947.44 12,676.23 14,147.59 14,862.58 16,320.14 17,777.71 17,777.71 14,862.58 13,405.01 11,947.44 Salaries and Wages 12 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 7,736 Employee Related Expenses 15% 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 1,160.35 Direct Operatings Expesnes 3.60% 994 1,063 1,132 1,201 1,340 1,408 1,546 1,684 1,684 1,408 1,270 1,132 Utilities & Telephone 3.40% 939 1,004 1,069 1,134 1,266 1,330 1,460 1,591 1,591 1,330 1,199 1,069 Property Insurance 1.50% 414 443 472 500 558 587 644 702 702 587 529 472 Admin Expenses 1.70% 469 502 534 567 633 665 730 795 795 665 600 534 Repairs & Maint 1.00% 276 295 314 334 372 391 429 468 468 391 353 314 Advertising & Promotion 2.00% 552 590 629 667 745 782 859 936 936 782 706 629 Property & Related Taxes 2.20% 2,117 1,949 2,413 3,003 Inventory 585.42 49 49 49 49 49 49 49 49 49 49 49 49 Loan Pymt $1,836.20 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 1,836 Total Outflows: 27,031 25,897 26,879 29,809 29,843 30,806 35,184 34,734 34,734 33,810 28,843 26,879 Beginning Cash Balance 105,361 105,935 109,561 114,123 117,672 125,060 133,365 141,129 153,179 165,228 170,530 176,964 Add: Inflows 27,605 29,523 31,441 33,358 37,230 39,112 42,948 46,783 46,783 39,112 35,276 31,441 Subract: Outflows 27,031 25,897 26,879 29,809 29,843 30,806 35,184 34,734 34,734 33,810 28,843 26,879 Ending Cash Balance 105,935 109,561 114,123 117,672 125,060 133,365 141,129 153,179 165,228 170,530 176,964 181,526 Less: Minimum Cash 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 Surplus (Deficit) 90,935 94,561 99,123 102,672 110,060 118,365 126,129 138,179 150,228 155,530 161,964 166,526

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