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    Projected Income Statement, NURSERY: Year 1 Year 2 Year 3 Gross Sales

    Uploaded by

    Rhap Sody
    The document projects the income statement and cash flow for a nursery business over three years. It estimates sales to increase from $200,000 in year 1 to $330,000 in year 2 and $363,000 in year 3. Cost of goods sold and operating expenses also rise each year. The net profit is projected to be $56,803 in year 1, $125,979 in year 2, and $138,819 in year 3. The cash flow statement estimates a positive cash balance each year, growing from an opening balance of $69,085 to $130,915 in year 1 and $189,335 in year 2.

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    Projected Income Statement, NURSERY: Year 1 Year 2 Year 3 Gross Sales

    Uploaded by

    Rhap Sody
    76 views4 pages
    The document projects the income statement and cash flow for a nursery business over three years. It estimates sales to increase from $200,000 in year 1 to $330,000 in year 2 and $363,000 in year 3. Cost of goods sold and operating expenses also rise each year. The net profit is projected to be $56,803 in year 1, $125,979 in year 2, and $138,819 in year 3. The cash flow statement estimates a positive cash balance each year, growing from an opening balance of $69,085 to $130,915 in year 1 and $189,335 in year 2.

    Original Description:

    Financial Statements

    Original Title

    Book1

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    The document projects the income statement and cash flow for a nursery business over three years. It estimates sales to increase from $200,000 in year 1 to $330,000 in year 2 and $363,000 in year 3. Cost of goods sold and operating expenses also rise each year. The net profit is projected to be $56,803 in year 1, $125,979 in year 2, and $138,819 in year 3. The cash flow statement estimates a positive cash balance each year, growing from an opening balance of $69,085 to $130,915 in year 1 and $189,335 in year 2.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    76 views4 pages

    Projected Income Statement, NURSERY: Year 1 Year 2 Year 3 Gross Sales

    Uploaded by

    Rhap Sody
    The document projects the income statement and cash flow for a nursery business over three years. It estimates sales to increase from $200,000 in year 1 to $330,000 in year 2 and $363,000 in year 3. Cost of goods sold and operating expenses also rise each year. The net profit is projected to be $56,803 in year 1, $125,979 in year 2, and $138,819 in year 3. The cash flow statement estimates a positive cash balance each year, growing from an opening balance of $69,085 to $130,915 in year 1 and $189,335 in year 2.

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    Download as XLSX, PDF, TXT or read online from Scribd
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    Projected Income Statement, NURSERY

    Year 1 Year 2 Year 3


    GROSS SALES 200,000.00 330,000.00 363,000.00
    Less:
    Sales Discounts - - -
    Sales Return and Allowances - - -
    Total 0.00 0.00 0.00
    NET SALES 200,000.00 330,000.00 363,000.00

    Less: Cost of Goods Sold


    Direct Material Used
    Raw Materials Inventory, Beg. - - -
    Add: Purchases 84,120.00 142,106.25 156,316.88
    Total RM Available for Use 84,120.00 142,106.25 156,316.88
    Less: RM Inventory, End - - -
    Raw Materials Used 84,120.00 142,106.25 156,316.88
    Direct Labor 37,200.00 40,920.00 45,012.00
    2.3 Production Overhead 15,376.67 17,694.67 19,221.47
    Total Production Costs 136,696.67 200,720.92 220,550.35
    Add: Work-in-Process beg. - - -
    Less: Work-in-Process end - - -
    Total Costs of Seedlings Produced 136,696.67 200,720.92 220,550.35
    Add: Inventory of Seedlings, beg. - - -
    Total Seedlings Available for Sale 136,696.67 200,720.92 220,550.34
    Less: Seedlings Inventory end - - -
    COST OF GOODS SOLD 136,696.67 200,720.92 220,550.34

    GROSS PROFIT 63,303.33 129,279.08 142,449.66


    LESS: OPERATING EXPENSES
    4.1 Marketing Expenses 1,000.00 1,100.00 1,210.00
    4.2 Gen. and Admin. Expenses 2,000.00 2,200.00 2,420.00
    Total Operating Expenses 3,000.00 3,300.00 3,630.00

    NET OPERATING PROFIT


    60,303.33 125,979.08 138,819.66
    Add: Other Income - -
    Total Income 60,303.33 125,979.08 138,819.66
    Less: Other Expenses
    Pre-Operating Expenses 3,500.00
    Interest/Other Unforeseen Exps.
    NET PROFIT BEFORE TAX 56,803.33 125,979.08 138,819.66
    Less: Taxes
    NET PROFIT AFTER TAX 56,803.33 125,979.08 138,819.66
    Projected Cash Flow Statement, NURSERY

    Pre -Op Year 1 Year 2


    OPENING BALANCE 69,085.00 130,915.00

    CASH INFLOW
    Cash Sales 200,000.00 330,000.00
    Collections of Receivables
    Cash Equity 138,285.00
    Short-Term Borrowings
    Long-Term Borrowings
    Total Cash Inflow 138,285.00 200,000.00 330,000.00

    CASH OUTFLOW
    Payments for Raw Materials 84,120.00 142,106.25
    Payments for Labor 37,200.00 40,920.00
    Production Overhead 13,850.00 16,168.00
    Marketing Expenses 1,000.00 1,100.00
    Gen. & Admin. Expenses 2,000.00 2,200.00
    Payment of Fixed Assets 65,700.00 - -
    Payments for Interest
    Payments for Loan
    Payments for Taxes - - -
    Pre-Operating Expenses 3,500.00 - -
    Total Cash Outflow 69,200.00 138,170.00 202,494.25

    NET CASH FLOW 69,085.00 61,830.00 127,505.75


    add: beginning cah flow 69,085.00 61,830.00
    CASH ENDING BALANCE 69,085.00 130,915.00 189,335.75
    Year 3
    258,420.75

    363,000.00
    -

    363,000.00

    156,316.88
    45,012.00
    17,694.80
    1,210.00
    2,420.00

    -
    222,653.68

    140,346.32
    127,505.75
    267,852.07

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