Executive Summary

The westside of South Gate has experienced explosive growth the past three years.
Over 3,000 new residents live in the westside area. Area businesses are slowly
catching up with this new opportunity. Tsunami Pizza is opening a new pizza delivery
service that will focus on the westside area.

Currently, the area's closest pizza restaurant takes up to 45 minutes to deliver a

pizza. Tsunami will cut the delivery time to no more than 20 minutes.

Tsunami will offer a better pizza, at a lower price, and will deliver it hot to the
customer's door faster than the closest competitor.

1.1 Objectives
 Capture the majority of the pizza delivery business in the westside area.

Offer our customers a superior product, at a low price, and provide customer
service that is second to none.

1.2 Mission

Tsunami Pizza's mission is to offer residents of the westside the best pizza delivery
service in the city.

1.3 Keys to Success

A superior product that will promote customer loyalty.

A business location that will assure that the pizza will be delivered quickly.

Delivery people that have great customer skills.

Company Summary
Tsunami Pizza is a new pizza delivery service started in the city's westside area. John
Lindsay, owner of Tsunami Pizza, has seven years experience in the restaurant
industry. His focus is to satisfy the customer's demand for a quality pizza that is
delivered quickly with a smile. Tsunami Pizza will serve a seven mile area with over
25,000 residents. Overhead will be kept low so that Tsunami Pizza's prices will beat
the competition. Delivery people will use their own vehicles so the business will not
have to purchase delivery vehicles.

2.1 Start-up Summary

The start-up cost of Tsunami Pizza will consist primarily of kitchen equipment. John
Lindsay will invest $50,000.

2.1.1 Company Ownership

Tsunami Pizza is owned by John Lindsay.

START-UP REQUIREMENTS

Start-up Expenses

Legal $1,000

Kitchen Inventory $5,000

Delivery Paper Products $3,000

Leased Kitchen Equipment $20,000

Insurance $1,000

Rent $1,000

Promotional Signs for Delivery Cars $2,000

Expensed Equipment $0

Business Sign $4,000

Other $0
TOTAL START-UP EXPENSES $37,000

Start-up Assets

Cash Required $5,000

Other Current Assets $0

Long-term Assets $8,000

TOTAL ASSETS $13,000

Total Requirements $50,000

START-UP FUNDING

Start-up Expenses to Fund $37,000

Start-up Assets to Fund $13,000

TOTAL FUNDING REQUIRED $50,000

Assets

Non-cash Assets from Start-up $8,000

Cash Requirements from Start-up $5,000

Additional Cash Raised $0

Cash Balance on Starting Date $5,000

TOTAL ASSETS $13,000

Liabilities and Capital

Liabilities

Current Borrowing $0

Long-term Liabilities $0

Accounts Payable (Outstanding Bills) $0

Other Current Liabilities (interest-free) $0

TOTAL LIABILITIES $0

Capital

Planned Investment
John Lindsey $50,000

Other $0

Additional Investment Requirement $0

TOTAL PLANNED INVESTMENT $50,000

Loss at Start-up (Start-up Expenses) ($37,000)

TOTAL CAPITAL $13,000

TOTAL CAPITAL AND LIABILITIES $13,000

Total Funding $50,000

2.2 Company Locations and Facilities

Tsunami Pizza will be located at the corner of 11th and Tyler. These two streets are
the area's busiest and provide easy access to our service area.

Products
Tsunami Pizza will offer a wide variety of New York style pizzas, as well as sodas
and fruit juices.

Market Analysis Summary

The westside is a growing middle-class area with 25,000 residents. A majority of
these residents are families of four or more. The average income for the area is
$38,000. The boom in the area is primarily in response to new employment
opportunities in the city's Westside Industrial Park. Businesses that traditionally do
well with this population have demonstrated the potential for Tsunami Pizza. A
neighbor of Tsunami Pizza, Magic Videos, has been in operation in the area for a little
over a year. Magic Videos is the closest video store serving the westside area. Their
sales have grown by 40% due to its location and the absence of direct competition in
the westside.

With continued growth in the area, opportunities to serve the westside residents will
increase. The company will sell predominantly to individuals, but it will also accept
some catering jobs to individual parties and company functions in the westside.
Strategy and Implementation Summary
Tsunami Pizza will use advertising to promote the business. We will use the local
westside flyer to advertise. In addition, we will hire people to hold signs at the corner
of 11th and Tyler. We will also use door handle flyer promotion throughout the
westside neighborhoods.

Our most important promotion will done in conjunction with Magic Video. We will
offer a two for price of one video coupon with each purchase at Tsunami Pizza that
can be used at Magic Video. Magic Video will offer its customers a $2 off coupon
that can be used at Tsunami Pizza.

5.1 Competitive Edge

Tsunami Pizza's competitive edge is:

Location: Tsunami Pizza is located in the heart of the westside area on the
corners of 11th and Tyler. These two streets are the area's busiest. The closest
pizza restaurant to the westside area is a fifteen minute drive. Tsunami Pizza can
deliver in half the time of its competitors.

Low Overhead/Lower Prices: Since Tsunami Pizza only delivers pizza, its prices
don't reflect overhead demands of a traditional pizza restaurant.
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easy with our free guide and template. Learn how to perform a SWOT analysis

5.2 Sales Strategy

The sales strategy of Tsunami Pizza is simple. First, offer the customer a superior
pizza at a low price. Second, make sure that pizza is delivered quickly. Third, the
delivery people must work to create customer loyalty.

5.2.1 Sales Forecast

The following is the sales forecast for three years.

SALES FORECAST

YEAR 1 YEAR 2 YEAR 3

Sales

Pizza/Drinks $162,500 $178,000 $195,000

Catering Income $14,000 $18,000 $24,000

Other $0 $0 $0

TOTAL SALES $176,500 $196,000 $219,000

Direct Cost of Sales Year 1 Year 2 Year 3

Pizza/Drinks $24,500 $30,000 $36,000

Catering Income $1,400 $1,800 $2,400

Other $0 $0 $0

Subtotal Direct Cost of Sales $25,900 $31,800 $38,400

Management Summary
John Lindsay will be the manager of Tsunami Pizza. John started as a waiter at the
city's famous Sweetwater restaurant. At the time, John was in his junior year at
Robertson University. He graduated in 1995 with a BA in history. Soon after
graduation, John was offered the position of shift manager at the Sweetwater. He has
held that position for five years.

6.1 Personnel Plan

The Tsunami will have the following staff:

Manager.

One kitchen staff.

Two delivery staff.

PERSONNEL PLAN

YEAR 1 YEAR 2 YEAR 3

Manager $30,000 $34,000 $38,000

Kitchen Staff Member $24,000 $25,000 $29,000

Delivery Staff (2) $36,000 $37,000 $38,000

Other $0 $0 $0

TOTAL PEOPLE 4 4 4
 Total Payroll $90,000 $96,000 $105,000

Financial Plan
The following is the financial plan for Tsunami Pizza.

7.1 Break-even Analysis

The following table and chart show the Break-even Analysis.

 BREAK-EVEN ANALYSIS

Monthly Revenue Break-even $12,803

Assumptions:

Average Percent Variable Cost 15%

Estimated Monthly Fixed Cost $10,925

7.2 Projected Profit and Loss

The following table and charts show the projected profit and loss for three years.

PRO FORMA PROFIT AND LOSS

YEAR 1 YEAR 2 YEAR 3

Sales $176,500 $196,000 $219,000

Direct Cost of Sales $25,900 $31,800 $38,400

Other Production Expenses $0 $0 $0

TOTAL COST OF SALES $25,900 $31,800 $38,400

Gross Margin $150,600 $164,200 $180,600

Gross Margin % 85.33% 83.78% 82.47%

Expenses

Payroll $90,000 $96,000 $105,000

Sales and Marketing and Other $8,000 $8,000 $8,000

Expenses

Depreciation $1,596 $1,600 $1,600

Leased Equipment $0 $0 $0

Utilities $6,000 $6,000 $6,000

Insurance $0 $0 $0

Rent $12,000 $12,000 $12,000

Payroll Taxes $13,500 $14,400 $15,750

Other $0 $0 $0

Total Operating Expenses $131,096 $138,000 $148,350

 Profit Before Interest and Taxes $19,504 $26,200 $32,250

EBITDA $21,100 $27,800 $33,850

Interest Expense $0 $0 $0

Taxes Incurred $5,851 $7,860 $9,675

Net Profit $13,653 $18,340 $22,575

Net Profit/Sales 7.74% 9.36% 10.31%

7.3 Projected Cash Flow

The following table and chart is the projected cash flow for three years.

PRO FORMA CASH FLOW

YEAR 1 YEAR 2 YEAR 3

Cash Received

Cash from Operations

Cash Sales $176,500 $196,000 $219,000

SUBTOTAL CASH FROM OPERATIONS $176,500 $196,000 $219,000

Additional Cash Received

Sales Tax, VAT, HST/GST Received $0 $0 $0

New Current Borrowing $0 $0 $0

New Other Liabilities (interest-free) $0 $0 $0

New Long-term Liabilities $0 $0 $0

Sales of Other Current Assets $0 $0 $0

Sales of Long-term Assets $0 $0 $0

New Investment Received $0 $0 $0

SUBTOTAL CASH RECEIVED $176,500 $196,000 $219,000

Expenditures Year 1 Year 2 Year 3

Expenditures from Operations

Cash Spending $90,000 $96,000 $105,000

Bill Payments $63,520 $81,211 $89,022

SUBTOTAL SPENT ON OPERATIONS $153,520 $177,211 $194,022

Additional Cash Spent

Sales 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 $0

Purchase Long-term Assets $0 $0 $0

Dividends $0 $0 $0

SUBTOTAL CASH SPENT $153,520 $177,211 $194,022

Net Cash Flow $22,980 $18,789 $24,978

Cash Balance $27,980 $46,769 $71,747

7.4 Projected Balance Sheet

The following table is the projected balance sheet for three years.

PRO FORMA BALANCE SHEET

YEAR 1 YEAR 2 YEAR 3

Assets

Current Assets

Cash $27,980 $46,769 $71,747

Other Current Assets $0 $0 $0

TOTAL CURRENT ASSETS $27,980 $46,769 $71,747

Long-term Assets

Long-term Assets $8,000 $8,000 $8,000

Accumulated Depreciation $1,596 $3,196 $4,796

TOTAL LONG-TERM ASSETS $6,404 $4,804 $3,204

TOTAL ASSETS $34,384 $51,573 $74,951

Liabilities and Capital Year 1 Year 2 Year 3

Current Liabilities

Accounts Payable $7,731 $6,580 $7,383

Current Borrowing $0 $0 $0

Other Current Liabilities $0 $0 $0

SUBTOTAL CURRENT LIABILITIES $7,731 $6,580 $7,383

Long-term Liabilities $0 $0 $0

TOTAL LIABILITIES $7,731 $6,580 $7,383

Paid-in Capital $50,000 $50,000 $50,000

Retained Earnings ($37,000) ($23,347) ($5,007)

Earnings $13,653 $18,340 $22,575

TOTAL CAPITAL $26,653 $44,993 $67,568

TOTAL LIABILITIES AND CAPITAL $34,384 $51,573 $74,951

 Net Worth $26,653 $44,993 $67,568

7.5 Business Ratios

Business ratios for the years of this plan are shown below. Industry profile ratios
based on the Standard Industrial Classification (SIC) code 5812, Eating Places, are
shown for comparison.

RATIO ANALYSIS

YEAR 1 YEAR 2 YEAR 3 INDUSTRY

PROFILE

Sales Growth 0.00% 11.05% 11.73% 7.60%

Percent of Total Assets

Other Current Assets 0.00% 0.00% 0.00% 35.60%

Total Current Assets 81.37% 90.69% 95.73% 43.70%

Long-term Assets 18.63% 9.31% 4.27% 56.30%

TOTAL ASSETS 100.00% 100.00% 100.00% 100.00%

Current Liabilities 22.48% 12.76% 9.85% 32.70%

Long-term Liabilities 0.00% 0.00% 0.00% 28.50%

Total Liabilities 22.48% 12.76% 9.85% 61.20%

NET WORTH 77.52% 87.24% 90.15% 38.80%

Percent of Sales

Sales 100.00% 100.00% 100.00% 100.00%

Gross Margin 85.33% 83.78% 82.47% 60.50%

Selling, General & Administrative 77.59% 74.42% 72.16% 39.80%

Expenses

Advertising Expenses 4.53% 4.08% 3.65% 3.20%

Profit Before Interest and Taxes 11.05% 13.37% 14.73% 0.70%

Main Ratios

Current 3.62 7.11 9.72 0.98

Quick 3.62 7.11 9.72 0.65

Total Debt to Total Assets 22.48% 12.76% 9.85% 61.20%

Pre-tax Return on Net Worth 73.18% 58.23% 47.73% 1.70%

Pre-tax Return on Assets 56.72% 50.80% 43.03% 4.30%

Additional Ratios Year 1 Year 2 Year 3

Net Profit Margin 7.74% 9.36% 10.31% n.a

Return on Equity 51.22% 40.76% 33.41% n.a

Activity Ratios

Accounts Payable Turnover 9.22 12.17 12.17 n.a

Payment Days 27 33 28 n.a

Total Asset Turnover 5.13 3.80 2.92 n.a

Debt Ratios

Debt to Net Worth 0.29 0.15 0.11 n.a

Current Liab. to Liab. 1.00 1.00 1.00 n.a

Liquidity Ratios
Net Working Capital $20,249 $40,189 $64,364 n.a

Interest Coverage 0.00 0.00 0.00 n.a

Additional Ratios

Assets to Sales 0.19 0.26 0.34 n.a

Current Debt/Total Assets 22% 13% 10% n.a

Acid Test 3.62 7.11 9.72 n.a

Sales/Net Worth 6.62 4.36 3.24 n.a

Dividend Payout 0.00 0.00 0.00 n.a

Appendix
SALES FORECAST

MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH M
1 2 3 4 5 6 7 8 9 10 11

Sales

Pizza/Drinks 0% $9,500 $10,000 $10,000 $13,000 $13,000 $14,000 $14,000 $15,000 $15,000 $16,000 $16,000 $

Catering 0% $0 $0 $200 $400 $600 $800 $1,000 $2,000 $2,000 $2,000 $2,000
Income

Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL $9,500 $10,000 $10,200 $13,400 $13,600 $14,800 $15,000 $17,000 $17,000 $18,000 $18,000 $
SALES

Direct Cost Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month Month
of Sales 10 11

Pizza/Drinks $1,000 $1,100 $1,100 $2,000 $2,000 $2,200 $2,200 $2,400 $2,400 $2,700 $2,700

Catering $0 $0 $20 $40 $60 $80 $100 $200 $200 $200 $200
Income

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Subtotal $1,000 $1,100 $1,120 $2,040 $2,060 $2,280 $2,300 $2,600 $2,600 $2,900 $2,900
Direct Cost
of Sales

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PERSONNEL PLAN

MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH
1 2 3 4 5 6 7 8 9 10 11 12

Manager 0% $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500

Kitchen 0% $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000 $2,000
Staff
Member

Delivery 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 (2)

Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

TOTAL 4 4 4 4 4 4 4 4 4 4 4 4
PEOPLE

Total $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500
Payroll

GENERAL ASSUMPTIONS

MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH
1 2 3 4 5 6 7 8 9 10 11 12

Plan 1 2 3 4 5 6 7 8 9 10 11 12
Month

Current 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Interest
Rate

Long- 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
term
Interest
Rate
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 MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH
1 2 3 4 5 6 7 8 9 10 11 12

Sales $9,500 $10,000 $10,200 $13,400 $13,600 $14,800 $15,000 $17,000 $17,000 $18,000 $18,000 $20,00

Direct Cost $1,000 $1,100 $1,120 $2,040 $2,060 $2,280 $2,300 $2,600 $2,600 $2,900 $2,900 $3,00
of Sales

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $
Production
Expenses

TOTAL $1,000 $1,100 $1,120 $2,040 $2,060 $2,280 $2,300 $2,600 $2,600 $2,900 $2,900 $3,000
COST OF
SALES

Gross $8,500 $8,900 $9,080 $11,360 $11,540 $12,520 $12,700 $14,400 $14,400 $15,100 $15,100 $17,00
Margin

Gross 89.47% 89.00% 89.02% 84.78% 84.85% 84.59% 84.67% 84.71% 84.71% 83.89% 83.89% 85.00%
Margin %

Expenses

Payroll $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,50

Sales and $1,000 $1,000 $1,000 $1,000 $500 $500 $500 $500 $500 $500 $500 $50
Marketing
and Other
Expenses

Depreciation $133 $133 $133 $133 $133 $133 $133 $133 $133 $133 $133 $13
Leased $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $
Equipment

Utilities $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $50

Insurance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $

Rent $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,00

Payroll 15% $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,125 $1,12
Taxes

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $

Total $11,258 $11,258 $11,258 $11,258 $10,758 $10,758 $10,758 $10,758 $10,758 $10,758 $10,758 $10,75
Operating
Expenses

Profit Before ($2,758) ($2,358) ($2,178) $102 $782 $1,762 $1,942 $3,642 $3,642 $4,342 $4,342 $6,24
Interest and
Taxes

EBITDA ($2,625) ($2,225) ($2,045) $235 $915 $1,895 $2,075 $3,775 $3,775 $4,475 $4,475 $6,37

Interest $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $
Expense

Taxes ($827) ($707) ($653) $31 $235 $529 $583 $1,093 $1,093 $1,303 $1,303 $1,87
Incurred

Net Profit ($1,931) ($1,651) ($1,525) $71 $547 $1,233 $1,359 $2,549 $2,549 $3,039 $3,039 $4,36

Net -20.32% -16.51% -14.95% 0.53% 4.03% 8.33% 9.06% 15.00% 15.00% 16.89% 16.89% 21.85%
Profit/Sales

PRO FORMA CASH FLOW

MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MON
1 2 3 4 5 6 7 8 9 10
Cash Received

Cash from
Operations

Cash Sales $9,500 $10,000 $10,200 $13,400 $13,600 $14,800 $15,000 $17,000 $17,000 $18,000 $18,0

SUBTOTAL $9,500 $10,000 $10,200 $13,400 $13,600 $14,800 $15,000 $17,000 $17,000 $18,000 $18,0
CASH FROM
OPERATIONS

Additional
Cash Received

Sales Tax, 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

VAT, HST/GST
Received

New Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Borrowing

New Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
(interest-free)

New Long- $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
term Liabilities

Sales of Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Current Assets

Sales of Long- $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
term Assets

New $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Investment
Received

SUBTOTAL $9,500 $10,000 $10,200 $13,400 $13,600 $14,800 $15,000 $17,000 $17,000 $18,000 $18,0
CASH
RECEIVED
Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month Mon
10

Expenditures
from
Operations

Cash $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,500 $7,5
Spending

Bill Payments $127 $3,805 $4,020 $4,145 $5,686 $5,437 $5,936 $6,035 $6,818 $6,835 $7,3

SUBTOTAL $7,627 $11,305 $11,520 $11,645 $13,186 $12,937 $13,436 $13,535 $14,318 $14,335 $14,8
SPENT ON
OPERATIONS

Additional
Cash Spent

Sales Tax, $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
VAT, HST/GST
Paid Out

Principal $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of
Current
Borrowing

Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Principal
Repayment

Long-term $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities
Principal
Repayment

Purchase $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current
Assets
Purchase $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term
Assets

Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

SUBTOTAL $7,627 $11,305 $11,520 $11,645 $13,186 $12,937 $13,436 $13,535 $14,318 $14,335 $14,8
CASH SPENT

Net Cash Flow $1,873 ($1,305) ($1,320) $1,755 $414 $1,863 $1,564 $3,465 $2,682 $3,665 $3,1

Cash Balance $6,873 $5,568 $4,248 $6,003 $6,417 $8,280 $9,844 $13,310 $15,992 $19,657 $22,8

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PRO FORMA BALANCE SHEET

MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH MONTH
1 2 3 4 5 6 7 8 9 10 11

Assets Starting
Balances

Current
Assets

Cash $5,000 $6,873 $5,568 $4,248 $6,003 $6,417 $8,280 $9,844 $13,310 $15,992 $19,657 $22,830

Other Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Assets

TOTAL $5,000 $6,873 $5,568 $4,248 $6,003 $6,417 $8,280 $9,844 $13,310 $15,992 $19,657 $22,830 $
CURRENT
ASSETS
Long-term
Assets

Long-term $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
Assets

Accumulated $0 $133 $266 $399 $532 $665 $798 $931 $1,064 $1,197 $1,330 $1,463
Depreciation

TOTAL $8,000 $7,867 $7,734 $7,601 $7,468 $7,335 $7,202 $7,069 $6,936 $6,803 $6,670 $6,537
LONG-TERM
ASSETS

TOTAL $13,000 $14,740 $13,302 $11,849 $13,471 $13,752 $15,482 $16,913 $20,246 $22,795 $26,327 $29,367 $
ASSETS

Liabilities and Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 M
Capital

Current
Liabilities

Accounts $0 $3,671 $3,884 $3,955 $5,506 $5,239 $5,736 $5,807 $6,590 $6,590 $7,083 $7,083
Payable

Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Borrowing

Other Current $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities

SUBTOTAL $0 $3,671 $3,884 $3,955 $5,506 $5,239 $5,736 $5,807 $6,590 $6,590 $7,083 $7,083
CURRENT
LIABILITIES

Long-term $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Liabilities

TOTAL $0 $3,671 $3,884 $3,955 $5,506 $5,239 $5,736 $5,807 $6,590 $6,590 $7,083 $7,083
LIABILITIES

Paid-in $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000 $50,000
Capital
Retained ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($37,000) ($
Earnings

Earnings $0 ($1,931) ($3,581) ($5,106) ($5,034) ($4,487) ($3,254) ($1,894) $655 $3,205 $6,244 $9,283

TOTAL $13,000 $11,069 $9,419 $7,894 $7,966 $8,513 $9,746 $11,106 $13,655 $16,205 $19,244 $22,283 $
CAPITAL

TOTAL $13,000 $14,740 $13,302 $11,849 $13,471 $13,752 $15,482 $16,913 $20,246 $22,795 $26,327 $29,367 $
LIABILITIES
AND
CAPITAL

Net Worth $13,000 $11,069 $9,419 $7,894 $7,966 $8,513 $9,746 $11,106 $13,655 $16,205 $19,244 $22,283