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    Eib Finances - Sheet1

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    api-359849819
    This document outlines a one year plan with projected monthly and annual income statements for a new business over three years. In year one, the business projects $43,400 in sales but significant start-up costs result in a net loss of $27,519 for the year. In years two and three, sales are projected to double each year while costs increase modestly, leading to net profits of $2,318 and $16,978 respectively as the business becomes established.

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    Eib Finances - Sheet1

    Uploaded by

    api-359849819
    45 views1 page
    This document outlines a one year plan with projected monthly and annual income statements for a new business over three years. In year one, the business projects $43,400 in sales but significant start-up costs result in a net loss of $27,519 for the year. In years two and three, sales are projected to double each year while costs increase modestly, leading to net profits of $2,318 and $16,978 respectively as the business becomes established.

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    eib finances - sheet1

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    This document outlines a one year plan with projected monthly and annual income statements for a new business over three years. In year one, the business projects $43,400 in sales but significant start-up costs result in a net loss of $27,519 for the year. In years two and three, sales are projected to double each year while costs increase modestly, leading to net profits of $2,318 and $16,978 respectively as the business becomes established.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    45 views1 page

    Eib Finances - Sheet1

    Uploaded by

    api-359849819
    This document outlines a one year plan with projected monthly and annual income statements for a new business over three years. In year one, the business projects $43,400 in sales but significant start-up costs result in a net loss of $27,519 for the year. In years two and three, sales are projected to double each year while costs increase modestly, leading to net profits of $2,318 and $16,978 respectively as the business becomes established.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    One Year Plan January February March April May June July August September October November December

    July August September October November December Year 1 Year 2 Year 3


    Income Sales
    Sales $5,400.00 $5,200.00 $4,000.00 $3,000.00 $2,700.00 $2,700.00 $2,700.00 $2,700.00 $3,000.00 $3,500.00 $4,000.00 $4,500.00 $43,400.00 $86,800.00 $130,200.00
    Net Sales $5,400.00 $5,200.00 $4,000.00 $3,000.00 $2,700.00 $2,700.00 $2,700.00 $2,700.00 $3,000.00 $3,500.00 $4,000.00 $4,500.00 $43,400.00 $86,800.00 $130,200.00
    Cost of Goods Sold $1,998.00 $1,924.00 $1,480.00 $1,110.00 $999.00 $999.00 $999.00 $999.00 $1,110.00 $1,295.00 $1,480.00 $1,665.00 $16,058.00 $32,116.00 $48,174.00
    Gross Profit $3,402.00 $3,276.00 $2,520.00 $1,890.00 $1,701.00 $1,701.00 $1,701.00 $1,701.00 $1,890.00 $2,205.00 $2,520.00 $2,835.00 $27,342.00 $54,684.00 $82,026.00
    Operating Expenses
    Salary & Payroll Taxes $30.00 $30.00 $30.00 $30.00 $30.00 $30.00 $30.00 $30.00 $30.00 $30.00 $30.00 $30.00 $360.00 $720.00 $1,080.00
    Insurance $209.00 $209.00 $209.00 $209.00 $209.00 $209.00 $209.00 $209.00 $209.00 $209.00 $209.00 $209.00 $2,508.00 $5,016.00 $7,524.00
    Food Truck $583.34 $583.34 $583.34 $583.34 $583.34 $583.34 $583.34 $583.34 $583.34 $583.34 $583.34 $583.34 $7,000.08 $14,000.16 $21,000.24
    Gas $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $1.30 $15.60 $31.20 $46.80
    Depreciation $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $7.50 $90.00 $180.00 $270.00
    Utilities $90.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $90.00 $90.00 $90.00
    Start Up Cost $30,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $30,000.00 $30,000.00 $30,000.00
    Total Expenses $30,921.14 $921.14 $921.14 $921.14 $921.14 $921.14 $921.14 $921.14 $921.14 $921.14 $921.14 $921.14 $41,053.68 $52,107.36 $63,161.04
    Net Income from Operations -$27,519.14 $2,354.86 $1,598.86 $968.86 $779.86 $779.86 $779.86 $779.86 $968.86 $1,283.86 $1,598.86 $1,913.86 -$13,711.68 $2,576.64 $18,864.96
    Net Profit Before Taxes -$27,519.14 $2,354.86 $1,598.86 $968.86 $779.86 $779.86 $779.86 $779.86 $968.86 $1,283.86 $1,598.86 $1,913.86 -$13,711.68 $2,576.64 $18,864.96
    Taxes $0.00 $235.49 $159.89 $96.89 $77.99 $77.99 $77.99 $77.99 $96.89 $128.39 $159.89 $191.39 $0.00 $257.67 $1,886.50
    Net Profit After Taxes -$27,519.14 $2,119.37 $1,429.97 $871.97 $871.97 $871.97 $871.97 $871.97 $871.97 $1,155.47 $1,438.97 $1,722.47 -$13,711.68 $2,318.97 $16,978.46

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