Jeorge Business Plan 2
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Executive Summary Recycled Riding Dreams will offer quality used motorcycles and motorcycle parts to a growing market of motorcycling hobbyists. For the beginner, Recycled Riding Dreams offers excellent value in a first bike that will not bust the customer's budget. For the experienced biker, quality used parts will cut the cost of repairs and modifications by 50% to 75%. Over the past ten years, biking has developed an entirely new customer base among baby boomer men, ages 40 to 65. Last year, motorcycle sales for this age group were twice that of young men, ages 18 to 25. In Aurora, motorcycle sales exceeded P6 million in 2008 and sales are predicted to grow by 15% this year. Aurora is a city of 650,000 residents with an average income of P15,000. The city has seven motorcycle organizations and sponsors an annual cycling event as part of the founding anniversary celebration. Owner of Recycled Riding Dreams is one of most respected and best known motorcyclist in Aurora. Owner’s connection with the motorcycling community and the growing demand for quality used motorcycles and motorcycle parts will make Recycled Riding Dreams one of the most popular shops in the province. HIGHLIGHTS Year 1 year 2 Year 3 0 50,000 100,000 150,000 200,000 250,000 300,000 sales Gross margin Net profit 1
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Transcript of Jeorge Business Plan 2
Executive SummaryRecycled Riding Dreams will offer quality used motorcycles and motorcycle parts to a
growing market of motorcycling hobbyists. For the beginner, Recycled Riding Dreams offers excellent value in a first bike that will not bust the customer's budget. For the experienced biker, quality used parts will cut the cost of repairs and modifications by 50% to 75%.Over the past ten years, biking has developed an entirely new customer base among baby boomer men, ages 40 to 65. Last year, motorcycle sales for this age group were twice that of young men, ages 18 to 25. In Aurora, motorcycle sales exceeded P6 million in 2008 and sales are predicted to grow by 15% this year.
Aurora is a city of 650,000 residents with an average income of P15,000. The city has seven motorcycle organizations and sponsors an annual cycling event as part of the founding anniversary celebration.
Owner of Recycled Riding Dreams is one of most respected and best known motorcyclist in Aurora.
Owner’s connection with the motorcycling community and the growing demand for quality used motorcycles and motorcycle parts will make Recycled Riding Dreams one of the most popular shops in the province.
HIGHLIGHTS
Year 1 year 2 Year 30
50,000
100,000
150,000
200,000
250,000
300,000
salesGross marginNet profit
1.1 ObjectivesThe objectives of Recycled Riding Dreams are: Capture the majority of the used motorcycle business in Aurora. Offer our customers a superior service, at a low price.
1.2 MissionThe mission of Recycled Riding Dreams is to become the primary resource for used motorcycle parts in
Aurora.
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1.3 Keys to SuccessThe keys to success for Recycled Riding Dreams are: Customer referrals. Exceeding the customer's expectation for quality, timeliness and price.
Company SummaryRecycled Riding Dreams will offer quality used motorcycles and motorcycle parts to a growing market of
motorcycling hobbyists. The shop will purchase used and damaged bikes as well as used motorcycle parts.
2.1 Company OwnershipRecycled Riding Dreams is owned by Jeorge Sudario.
2.2 Start-up SummaryJeorge sudario will invest 55,000 in Recycled Riding Dreams. Brian will also secure a
20,000 loan. The initial inventory for Recycled Riding Dreams will be 45,000. The focus of this inventory will be on engine and electrical parts. The source of these parts is motorcycle hobbyists who sell the parts in order to purchase upgrade parts for their own motorcycles.The following table and chart show projected initial start-up costs for Recycled Riding Dreams.
Expenses Asset Investment Loans0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
START-UP
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Start-upRequirementsStart-up ExpensesLegal P1,000Stationery etc. 200Insurance 500Rent 1,300Display Equipment 3,000Expensed Equipment 5,000Total Start-up Expenses 11,000Start-up AssetsCash Required P4,000Start-up Inventory 45,000Other Current Assets $0Long-term Assets 15,000Total Assets 64,000Total Requirements 75,000
3. ProductsRecycled Riding Dreams offers the following products: Used Motorcycles: These cycles have been inspected and occasionally reconditioned in
order to offer the customer the best value. Used Parts: These quality parts include engine parts, bodywork, gas tanks, electrical parts,
frame, and chassis wheels and brakes. Repairs
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Start-up FundingStart-up Expenses to Fund P11,000Start-up Assets to Fund 64,000Total Funding Required 75,000AssetsNon-cash Assets from Start-up 60,000Cash Requirements from Start-up 4,000Additional Cash Raised 0Cash Balance on Starting Date 4,000Total Assets 64,000Liabilities and CapitalLiabilitiesCurrent Borrowing $0Long-term Liabilities 20,000Accounts Payable (Outstanding Bills)
0
Other Current Liabilities (interest-free)
0
Total Liabilities 20,000CapitalPlanned InvestmentBrian Jefferson 55,000Other 0Additional Investment Requirement 0Total Planned Investment 55,000Loss at Start-up (Start-up Expenses) (11,000)Total Capital 44,000Total Capital and Liabilities 64,000Total Funding 75,000
Market Analysis SummaryOver the past ten years, biking has developed an entirely new customer base among baby
boomer men, ages 40 to 65. Last year, motorcycle sales for this age group was twice that of young men, ages 18 to 25. These two groups represent 80% of motorcycle sales. InAurora, motorcycle sales exceeded 6 million in 2008 and sales are predicted to grow by 10% this year. The demographics suggest that there is a large market for used motorcycles and motorcycle parts, especially among experienced bikers. This is particularly important because the experienced customer will seek out a shop where the owner has a reputation for quality and service in the motorcycle community.
4.1 Market SegmentationRecycled Riding Dreams will focus on two customer groups: Male baby boomers, ages 40 - 65. Young men, ages 18 - 25.
Market AnalysisYear 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGRMale Baby Boomers
6% 85,000 90,100 95,506 101,236 107,310 6.00%
Young Men 5% 70,000 73,500 77,175 81,034 85,086 5.00%Total 5.55% 155,000 163,600 172,681 182,270 192,396 5.55%
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Strategy and Implementation Summary
Excellent word of mouth among motorcycle hobbyists is the foundation of Recycled Riding Dreams. The motorcycle community in Aurora is close and used by its members to locate resources and services. Each satisfied customer of Recycled Riding Dreams will bring in more business.
5.1 Competitive EdgeJeorge Sudario, owner of Recycled Riding Dreams is one of the best known motorcyclist
in Maria Aurora.. He is a member of the largest motorcycle organization in the Province with over 800 members. He has been a motorcycle hobbyist for 15 years and has built a reputation for quality customizing of motorcycles. For the past five years, Recycled Riding Dreams' competitive edge is owner’s visibility in the motorcycling community.
5.2 Sales StrategyRecycled Riding Dreams will open with a Customization Show and Competition. During
the first month of operation, Recycled Riding Dreams will offer a 15% discount on all purchases over P2000. Jeorge will also offer a standard 10% discount to members of the Province’s seven motorcycle organizations.
5.2.1 Sales ForecastThe table and charts below show Recycled Riding Dreams projected sales forecast for three years.
Sales Monthly
5
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 120
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Used Motorcycle PartsUsed Motorcycle
Sales by Year
Year 1 Year 2 Year 30
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
450,000
Used Motorcycle PartsUsed Motorcycle
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Sales ForecastYear 1 Year 2 Year 3
SalesUsed Motorcycles P137,000 P142,000 P152,000Used Motorcycle Parts 98,000 110,000 119,000Total Sales 235,000 252,000 271,000Direct Cost of Sales Year 1 Year 2 Year 3Used Motorcycles 62,500 63,000 69,000Used Motorcycle Parts 45,000 54,000 58,000Subtotal Direct Cost of Sales P107,500 P117,000 P127,000
Management Summary
Jeorge Sudario will manage the daily operations of the shop.
6.1 Personnel PlanBesides Jeorge Sudario, Recycled Riding Dreams will have one additional employee.
Personnel PlanYear 1 Year 2 Year 3
Jeorge Sudario P36,000 P39,000 P42,000Staff Person 33,600 35,000 37,000Total People 2 2 2Total Payroll 69,600 74,000 79,000
Financial PlanThe following is the financial plan for Recycled Riding Dreams.
7.1 Break-even AnalysisThe monthly break-even point is approximately P16,000.
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0 3000 6000 9000 12000 15000 18000 21000 24000 27000 30000 33000
-10000
-8000
-6000
-4000
-2000
0
2000
4000
6000
8000
10000 BREAK- EVEN ANALYSIS
Break-even AnalysisMonthly Revenue Break-even P16,638Assumptions:Average Percent Variable Cost 46%Estimated Monthly Fixed Cost P9,027
7.2 Projected Profit and LossThe following table and charts shows projected profit and loss for three years.
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Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Month 9
Month 10
Month 11
Month 12
-2000
-1000
0
1000
2000
3000
4000
5000
6000
7000
PROFIT MONTHLY
YEAR 1 YEAR 2 YEAR 30
2000
4000
6000
8000
10000
12000
14000
16000
Series 1
Pro Forma Profit and LossYear 1 Year 2 Year 3
Sales P235,000 P252,000 P271,000Direct Cost of Sales 107,500 117,000 127,000Other Production Expenses 0 0 0Total Cost of Sales P107,500 P117,000 P127,000Gross Margin P127,500 P135,000 P144,000Gross Margin % 54.26% 53.57% 53.14%Expenses
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Payroll P69,600 P74,000 P79,000Sales and Marketing and Other Expenses P6,000 p6,000 P6,000Depreciation P4,284 4,284 4,284Leased Equipment 0 0 0Utilities 2,400 2,400 2,400Insurance 0 0 0Rent 15,600 15,600 15,600Payroll Taxes 10,440 11,100 11,850Other 0 0 0Total Operating Expenses 108,324 113,384 119,134Profit Before Interest and Taxes 19,176 21,616 24,866EBITDA 23,460 25,900 29,150Interest Expense 2,000 2,000 2,000Taxes Incurred 5,153 5,885 6,860Net Profit 12,023 13,731 16,006Net Profit/Sales 5.12% 5.45% 5.91%
7.3 Projected Cash FlowThe table and chart show the projected cash flow for three years.
MONTH 1
MONTH 2
MONTH 3
MONTH 4
MONTH 5
MONTH 6
MONTH 7
MONTH 8
MONTH 9
MONTH 10
MONTH 11
MONTH 12
-5000
0
5000
10000
15000
20000
25000
30000
35000
40000
NET CASH FLOWCASH BALANCE
Pro Forma Cash FlowYear 1 Year 2 Year 3
Cash ReceivedCash from OperationsCash Sales P94,000 P100,800 P108,400Cash from Receivables 116,820 149,451 160,645Subtotal Cash from Operations 210,820 250,251 269,045Additional Cash Received
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Sales Tax, VAT, HST/GST Received 0 0 0New Current Borrowing 0 0 0New Other Liabilities (interest-free) 0 0 0New Long-term Liabilities 0 0 0Sales of Other Current Assets 0 0 0Sales of Long-term Assets 0 0 0New Investment Received 0 0 0Subtotal Cash Received 210,820 250,251 269,045Expenditures Year 1 Year 2 Year 3Expenditures from OperationsCash Spending 69,600 74,000 79,000Bill Payments 108,864 153,470 171,723Subtotal Spent on Operations 178,464 227,470 250,723Additional Cash SpentSales Tax, VAT, HST/GST Paid Out 0 0 0
Principal Repayment of Current Borrowing 0 0 0
Other Liabilities Principal Repayment 0 0 0
Long-term Liabilities Principal Repayment 0 0 0
Purchase Other Current Assets 0 0 0Purchase Long-term Assets 0 0 0Dividends 0 0 0Subtotal Cash Spent 178,464 227,470 250,723Net Cash Flow 32,356 22,780 18,322Cash Balance 36,356 59,137 77,459
7.4 Projected Balance SheetThe table shows the projected balance sheet for three years.
Pro Forma Balance SheetYear 1 Year 2 Year 3
AssetsCurrent AssetsCash 36,356 59,137 77,459Accounts Receivable 24,180 25,929 27,884Inventory 10,550 11,482 12,464Other Current Assets 0 0 0Total Current Assets 71,086 96,548 117,806Long-term AssetsLong-term Assets 15,000 15,000 15,000Accumulated Depreciation 4,284 8,568 12,852Total Long-term Assets 10,716 6,432 2,148Total Assets 81,802 102,980 119,954Liabilities and Capital Year 1 Year 2 Year 3Current LiabilitiesAccounts Payable 5,779 13,226 14,194Current Borrowing 0 0 0Other Current Liabilities 0 0 0Subtotal Current Liabilities 5,779 13,226 14,194Long-term Liabilities 20,000 20,000 20,000Total Liabilities 25,779 33,226 34,194Paid-in Capital 55,000 55,000 55,000Retained Earnings (11,000) 1,023 14,754Earnings 12,023 13,731 16,006Total Capital 56,023 69,754 85,761Total Liabilities and Capital 81,802 102,980 119,954Net Worth 56,023 69,754 85,761
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7.5 Business RatiosBusiness ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 5015, Motor Vehicle Parts Used, are shown for comparison.
Ratio AnalysisYear 1 Year 2 Year 3 Industry Profile
Sales Growth 0.00% 7.23% 7.54% 12.20%Percent of Total AssetsAccounts Receivable 29.56% 25.18% 23.25% 28.00%Inventory 12.90% 11.15% 10.39% 38.90%Other Current Assets 0.00% 0.00% 0.00% 16.40%Total Current Assets 86.90% 93.75% 98.21% 83.30%Long-term Assets 13.10% 6.25% 1.79% 16.70%Total Assets 100.00% 100.00% 100.00% 100.00%Current Liabilities 7.06% 12.84% 11.83% 38.90%Long-term Liabilities 24.45% 19.42% 16.67% 12.30%Total Liabilities 31.51% 32.26% 28.51% 51.20%Net Worth 68.49% 67.74% 71.49% 48.80%Percent of SalesSales 100.00% 100.00% 100.00% 100.00%Gross Margin 54.26% 53.57% 53.14% 23.10%Selling, General & Administrative Expenses 49.14% 48.12% 47.23% 14.00%Advertising Expenses 2.55% 2.38% 2.21% 0.70%Profit Before Interest and Taxes 8.16% 8.58% 9.18% 2.00%Main RatiosCurrent 12.30 7.30 8.30 2.16Quick 10.47 6.43 7.42 0.96Total Debt to Total Assets 31.51% 32.26% 28.51% 51.20%Pre-tax Return on Net Worth 30.66% 28.12% 26.66% 5.30%Pre-tax Return on Assets 21.00% 19.05% 19.06% 10.90%Additional Ratios Year 1 Year 2 Year 3Net Profit Margin 5.12% 5.45% 5.91% n.aReturn on Equity 21.46% 19.69% 18.66% n.aActivity RatiosAccounts Receivable Turnover 5.83 5.83 5.83 n.aCollection Days 57 60 60 n.aInventory Turnover 6.76 10.62 10.61 n.aAccounts Payable Turnover 19.84 12.17 12.17 n.aPayment Days 27 22 29 n.aTotal Asset Turnover 2.87 2.45 2.26 n.aDebt RatiosDebt to Net Worth 0.46 0.48 0.40 n.aCurrent Liab. to Liab. 0.22 0.40 0.42 n.aLiquidity RatiosNet Working Capital 65,307 83,322 103,613 n.aInterest Coverage 9.59 10.81 12.43 n.aAdditional RatiosAssets to Sales 0.35 0.41 0.44 n.aCurrent Debt/Total Assets 7% 13% 12% n.aAcid Test 6.29 4.47 5.46 n.aSales/Net Worth 4.19 3.61 3.16 n.aDividend Payout 0.00 0.00 0.00 n.a
Appendix
Sales ForecastMonth 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month 10Month 11 Month 12
12
SalesUsed Motorcycles
0% 9,000 11,000 12,000 12,000 12,000 12,000 12,000 11,000 12,000 11,000 12,000 11,000
Used Motorcycle Parts
0% 4,000 5,000 7,000 8,000 9,000 10,000 8,000 9,000 10,000 10,000 9,000 9,000
Total Sales 13,000 16,000 19,000 20,000 21,000 22,000 20,000 20,000 22,000 21,000 21,000 20,000Direct Cost of Sales
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month 10Month 11 Month 12
Used Motorcycles
5,000 5,000 6,000 6,000 6,000 6,000 6,000 5,000 6,000 5,000 6,000 500
Used Motorcycle Parts
2,000 2,500 3,500 4,000 4,500 5,000 4,000 4,500 5,000 5,000 4,500 500
Subtotal Direct Cost of Sales
7,000 7,500 9,500 10,000 10,500 11,000 10,000 9,500 11,000 10,000 10,500 1,000
Personnel PlanMonth
1Month
2Month
3Month
4Month
5Month
6Month
7Month
8Month
9Month
10Month
11Month
12Brian Jefferson
0% 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Staff Person 0% 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800 2,800Total People 2 2 2 2 2 2 2 2 2 2 2 2Total Payroll 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800
General AssumptionsMonth
1Month
2Month
3Month
4Month
5Month
6Month
7Month
8Month
9Month
10Month
11Month
12Plan Month
1 2 3 4 5 6 7 8 9 10 11 12
Current Interest Rate
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Tax Rate 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%Other 0 0 0 0 0 0 0 0 0 0 0 0
Pro Forma Profit and Loss
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month
10Month
11Month
12Sales 13,000 16,000 19,000 20,000 21,000 22,000 20,000 20,000 22,000 21,000 21,000 20,000Direct Cost of Sales
7,000 7,500 9,500 10,000 10,500 11,000 10,000 9,500 11,000 10,000 10,500 1,000
Other Production Expenses
0 0 0 0 0 0 0 0 0 0 0 0
Total Cost of Sales
7,000 7,500 9,500 10,000 10,500 11,000 10,000 9,500 11,000 10,000 10,500 1,000
Gross Margin 6,000 8,500 9,500 10,000 10,500 11,000 10,000 10,500 11,000 11,000 10,500 19,000Gross Margin %
46.15% 53.13% 50.00% 50.00% 50.00% 50.00% 50.00% 52.50% 50.00% 52.38% 50.00% 95.00%
ExpensesPayroll 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800Sales and Marketing and Other Expenses
500 500 500 500 500 500 $500 500 500 500 500 500
Depreciation 357 357 357 357 357 357 357 357 357 357 357 357Leased 0 0 0 0 0 0 0 0 0 0 0 0
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Equipment
Utilities200 200 200 200 200 200 200 200 200 200 200 200
Insurance0 0 0 0 0 0 0 0 0 0 0 0
Rent 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300
Payroll Taxes 15%870 870 870 870 870 870 870 870 870 870 870 870
Other0 0 0 0 0 0 0 0 0 0 0 0
Total Operating Expenses
9,027 9,027 9,027 9,027 9,027 9,027 9,027 9,027 9,027 9,027 9,027 9,027
Profit Before Interest and Taxes
(3,027) (527) 473 973 1,473 1,973 973 1,473 1,973 1,973 1,473 9,973
EBITDA (2,670) (170) 830 1,330 1,830 2,330 1,330 1,830 2,330 2,330 1,830 10,330Interest Expense
167 167 167 167 167 167 167 167 167 167 167 167
Taxes Incurred 958) (208) 92 242 392 542 242 392 542 542 392 2,942Net Profit (2,236) (486) 214 564 914 1,264 564 914 1,264 1,264 914 6,864Net Profit/Sales
-17.20% -3.03% 1.13% 2.82% 4.35% 5.75% 2.82% 4.57% 5.75% 6.02% 4.35% 34.32%
Pro Forma Cash FlowMonth
1Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9
Month 10
Month 11
Month 12
Cash ReceivedCash from OperationsCash Sales 5,200 6,400 7,600 8,000 8,400 8,800 8,000 8,000 8,800 8,400 8,400 8,000Cash from Receivables
0 260 7,860 9,660 11,420 12,020 12,620 13,160 12,000 12,040 13,180 12,600
Subtotal Cash from Operations
5,200 6,660 15,460 17,660 19,820 20,820 20,620 21,160 20,800 20,440 21,580 20,600
Additional Cash ReceivedSales Tax, VAT, HST/GST Received
0.00%0 0 0 0 0 0 0 0 0 0 0 0
New Current Borrowing
0 0 0 0 0 0 0 0 0 0 0 0
New Other Liabilities (interest-free)
0 0 0 0 0 0 0 0 0 0 0 0
New Long-term Liabilities
0 0 0 0 0 0 0 0 0 0 0 0
Sales of Other Current Assets
0 0 0 0 0 0 0 0 0 0 0 0
Sales of Long-term Assets
0 0 0 0 0 0 0 0 0 0 0 0
New Investment Received
0 0 0 0 0 0 0 0 0 0 0 0
Subtotal Cash Received
5,200 6,660 15,460 17,660 19,820 20,820 20,620 21,160 20,800 20,440 21,580 20,600
ExpendituresMonth
1Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9
Month 10
Month 11
Month 12
Expenditures from OperationsCash Spending 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800 5,800Bill Payments 69 2,104 2,839 3,134 3,652 14,500 15,030 12,185 12,507 16,104 12,545 14,195
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Subtotal Spent on Operations
5,869 7,904 8,639 8,934 9,452 20,300 20,830 17,985 18,307 21,904 18,345 19,995
Additional Cash SpentSales Tax, VAT, HST/GST Paid Out
0 0 0 0 0 0 0 0 0 0 0 0
Principal Repayment of Current Borrowing
0 0 0 0 0 0 0 0 0 0 0 0
Other Liabilities Principal Repayment
0 0 0 0 0 0 0 0 0 0 0 0
Long-term Liabilities Principal Repayment
0 0 0 0 0 0 0 0 0 0 0 0
Purchase Other Current Assets
0 0 0 0 0 0 0 0 0 0 0 0
Purchase Long-term Assets
0 0 0 0 0 0 0 0 0 0 0 0
Dividends0 0 0 0 0 0 0 0 0 0 0 0
Subtotal Cash Spent
5,869 7,904 8,639 8,934 9,452 20,300 20,830 17,985 18,307 21,904 18,345 19,995
Net Cash Flow (669) (1,244) 6,821 8,726 10,368 520 (210) 3,175 2,493 (1,464) 3,235 605Cash Balance 3,331 2,087 8,909 17,635 28,003 28,523 28,313 31,487 33,981 32,517 35,752 36,356
Pro Forma Balance Sheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month
10Month
11Month 12
AssetsStarting Balances
Current AssetsCash 4,000 3,331 2,087 8,909 17,635 28,003 28,523 28,313 31,487 33,981 32,517 35,752 36,356Accounts Receivable
0 $7,800 17,140 20,680 23,020 24,200 25,380 24,760 23,600 24,800 25,360 24,780 24,180
Inventory 45,000 38,000 30,500 21,000 11,000 11,550 12,100 11,000 10,450 12,100 11,000 11,550 10,550Other Current Assets
00 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets
49,000 49,131 49,727 50,589 51,655 63,753 66,003 64,073 65,537 70,881 68,877 72,082 71,086
Long-term AssetsLong-term Assets
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
Accumulated Depreciation
0 357 714 1,071 1,428 1,785 2,142 2,499 2,856 3,213 3,570 3,927 4,284
Total Long-term Assets
15,000 14,643 14,286 13,929 13,572 13,215 12,858 12,501 12,144 11,787 11,430 11,073 10,716
Total Assets 64,000 63,774 64,013 64,518 65,227 76,968 78,861 76,574 77,681 82,668 80,307 83,155 81,802Liabilities and Capital
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9Month
10Month
11Month 12
Current LiabilitiesAccounts Payable
0 2,009 2,734 3,024 3,169 13,996 14,624 11,773 11,966 15,688 12,063 13,996 5,779
Current Borrowing
0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current 0 0 0 0 0 0 0 0 0 0 0 0 0
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Liabilities
Subtotal Current Liabilities
0 2,009 2,734 3,024 3,169 13,996 14,624 11,773 11,966 $15,688 12,063 13,996 5,779
Long-term Liabilities
20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
Total Liabilities
20,000 22,009 22,734 23,024 23,169 33,996 34,624 31,773 31,966 35,688 32,063 33,996 25,779
Paid-in Capital
55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000 55,000
Retained Earnings
(11,000) (11,000) (11,000) (11,000) (11,000) (11,000) (11,000) (11,000) (11,000) (11,000) (11,000) (11,000) (11,000)
Earnings 0 (2,236) (2,721) (2,507) (1,942) (1,028) 237 801 1,715 2,980 4,244 5,159 12,023Total Capital 44,000 41,764 41,279 41,493 42,058 42,972 44,237 44,801 45,715 46,980 48,244 49,159 56,023Total Liabilities and Capital
64,000 63,774 64,013 64,518 65,227 76,968 78,861 76,574 77,681 82,668 80,307 83,155 81,802
Net Worth 44,000 41,764 41,279 41,493 42,058 42,972 44,237 44,801 45,715 46,980 48,244 49,159 56,023
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