Last revised 5/2016. See revision notes on last tab.

Step 1 - Enter info about your company in yellow shaded boxes below.

Starting
Preparer Name Company Name Month Starting Year
Ariana Bell B.A.C Box May 2020

Step 2 - Read the following instructions

Color-Coding:
Enter Data Here
This Microsoft Excel Workbook is designed to provide those
starting a business or already running a business with
information that will allow them to make a "go /no-go" decision.
It will help a potential entrepreneur project operatingAdjust
profit, as Needed
develop a projected income statement, balance sheet and cash
flow forecast.

It is designed for a wide variety of users, from those who have

little or no accounting or Excel experience to those who may be
well versed in finance, accounting and the use of Microsoft
Excel.

The workbook contains a number of worksheets, each

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documented two ways. Extensive directions and guidance for a
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particular page or on a specific accounting topic are found in
blue boxes (like this one) on pages that are not self-explanatory.

The second way this workbook is documented is using Excel

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The cells with formulas in this workbook are locked. If changes

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we strongly recommend that you save a copy of this
spreadsheet under a different name before doing so.
 Start-Up Expenses Year 1
(Starting Balance Sheet)

Prepared By: Company Name:

Ariana Bell B.A.C Box

Fixed Assets Amount Depreciation (years) Notes

Real Estate-Land - Not Depreciated Not buying; leasing

Real Estate-Buildings
Leasehold Improvements
Equipment
Furniture and Fixtures
Vehicles
Other
Total Fixed Assets
- 20 Not buying; leasing
15,000 7 Leasing warehouse
15,000 7 Computers, machines, tools, security
5,000 5 Office furnature
- 5
1,000 5 Extra expenses
$ 36,000

Operating Capital Amount Notes

Pre-Opening Salaries and Wages
Prepaid Insurance Premiums
Inventory
Legal and Accounting Fees
Rent Deposits
Utility Deposits
Supplies
Advertising and Promotions
Licenses
Other Initial Start-Up Costs
Working Capital (Cash On Hand)
Total Operating Capital
Total Required Funds
3,000 15 people @ 20/week @ $10/hour
300 Renters & Machiene insurance
80 2 product models costing $40 each for production
2,000 Lawyer for legal malfunctions
3,000 Renting a warehouse/factory
320 Heat, electric, etc
300 Office and production supplies
2,000 Online ads/flyers, all promotional items
5,000 Operating license
1,000 Extra expenses unaccounted for
-
$ 17,000
$ 53,000

Sources of Funding Percentage Totals Loan Rate Term in Months Monthly Payments Notes
Owner's Equity 0.00% -
Outside Investors 47.17% 25,000 Partnership with BAC Track
Additional Loans or Debt
Commercial Loan 41.51% 22,000 7.00% 84 332 Bank loan with higher credit
Commercial Mortgage 0.00% - 9.00% 240 -
Credit Card Debt 11.32% 6,000 7.00% 60 119 Owners/full-time credit
Vehicle Loans 0.00% - 6.00% 48 -
Other Bank Debt 0.00% - 5.00% 36 -
Total Sources of Funding 100.00% $ 53,000 Cell D 42 must equal cell C31 $ 451
Total Funding Needed $ - You are fully funded (Balanced)

Existing Businesses ONLY -- Calculating Cash on Note: For existing businesses,

Hand
Cash
+ Accounts Receivable
+ Prepaid Expenses
- Accounts Payable
- Accrued Expenses
Total Cash on Hand
this should be the "bucket" of
- cash plus receivables that will be
- turned into cash, minus payables
- that will be paid out in cash in
- the near term (i.e. in the first
months of the plan)
-
$ -

450091764.xlsx 1-StartingPoint 12/02/2019 20:04:35

 Payroll Year 1

Prepared By: Company Name:

Ariana Bell B.A.C Box

Average
Hourly Pay (to
Number of 2 decimal Estimated Estimated
Owners places, ex. Hrs./Week Pay/Month Septemb Novembe Decembe Annual
Employee Types /Employees $15.23) (per person) (Total) May June July August er October r r January February March April Totals
Owner(s) 2 0.00 40 $ - - - - - - - - - - - - - $ -
Full-Time Employees 6 13.50 40 $ 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 14,040 $ 168,480
Part-Time Employees 12 10.00 20 $ 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 10,400 $ 124,800
Independent Contractors 0 0.00 0 $ - - - - - - - - - - - - - $ -
Total Salaries and Wages 20 $ 23.50 100 $ 24,440 $ 24,440 ### $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 24,440 $ 293,280

Estimated Taxes
&
Percentage of Benefits/Month Septemb Novembe Decembe Annual
Payroll Taxes and Benefits Wage Base Limit Salary/Wage (Total) May June July August er October r r January February March April Totals
Social Security $ 117,000 6.20% $ 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 1,515 $ 18,183
Medicare -- 1.45% $ 354 354 354 354 354 354 354 354 354 354 354 354 354 $ 4,253
Federal Unemployment Tax (FUTA) $ 7,000 0.60% $ 70 70 70 70 70 70 70 70 70 70 70 70 70 $ 840
State Unemployment Tax (SUTA) $ 7,000 3.45% $ 403 403 403 403 403 403 403 403 403 403 403 403 403 $ 4,830
Employee Pension Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Worker's Compensation -- 0.00% $ - - - - - - - - - - - - - $ -
Employee Health Insurance -- 0.00% $ 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 9,500 $ 114,000
Other Employee Benefit Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Total Payroll Taxes and Benefits 11.70% $ 11,842 $ 11,842 ### $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 11,842 $ 142,106

Total Salaries and Related Expenses $ 36,282 $ 36,282 ### $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 435,386

450091764.xlsx 2a-PayrollYear1 12/02/2019 20:04:35

 Payroll Years 1-3

Prepared By: Company Name:

Ariana Bell B.A.C Box

Year 1 Growth Rate 1 Second Growth Rate 2

Employee Types Totals to 2 Year to 3 Third Year
Owner(s) - 20.0% - 30.0% -
Full-Time Employees 168,480 20.0% 202,176 30.0% 262,829
Part-Time Employees 124,800 20.0% 149,760 30.0% 194,688
Independent Contractors - 3.0% - 3.0% -
Total Salaries and Wages $ 293,280 $ 351,936 $ 457,517

Payroll Taxes and Benefits

Social Security 18,183 20.0% 21,820 30.0% 28,366
Medicare 4,253 20.0% 5,103 30.0% 6,634
Federal Unemployment Tax (FUTA) 840 20.0% 1,008 30.0% 1,310
State Unemployment Tax (SUTA) 4,830 20.0% 5,796 30.0% 7,535
Employee Pension Programs - 0.0% - 0.0% -
Worker's Compensation - 3.0% - 3.0% -
Employee Health Insurance 114,000 3.0% 117,420 3.0% 120,943
Other Employee Benefit Programs - 10.0% - 10.0% -
Total Payroll Taxes and Benefits $ 142,106 $ 151,147 $ 164,788

Total Salaries and Related Expenses $ 435,386 $503,083 ###

450091764.xlsx 2b-PayrollYrs1-3 12/02/2019 20:04:35

 Sales Forecst Year 1

Prepared By: Company Name:

Ariana Bell B.A.C Box

Complete This Chart First:

Product Lines Units COGS Per Unit

Sales Price
Per Unit Margin Per Unit
Key box 1 $ 64.99 $ 40.00 $ 24.99
0 $ - $ - $ -
0 $ - $ - $ -
0 $ - $ - $ -
0 $ - $ - $ -
0 $ - $ - $ -

Septembe Category Category /

Product Lines May June July August r October November December January February March April Annual Totals Breakdown Total
Key box
1 Sold 2,500 3,000 3,500 4,000 5,000 4,500 4,500 5,000 4,500 4,500 4,000 2,500 47,500 100.0%
Total Sales 162,475 194,970 227,465 259,960 324,950 292,455 292,455 324,950 292,455 292,455 259,960 162,475 $ 3,087,025 100.0% 100.0%
Total COGS 100,000 120,000 140,000 160,000 200,000 180,000 180,000 200,000 180,000 180,000 160,000 100,000 $ 1,900,000 61.5% 100.0%
Total Margin 62,475 74,970 87,465 99,960 124,950 112,455 112,455 124,950 112,455 112,455 99,960 62,475 $ 1,187,025 38.5% 100.0%

Product 2
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%

Product 3
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%

Product 4
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%

Product 5
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%

Product 6
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 2,500 3,000 3,500 4,000 5,000 4,500 4,500 5,000 4,500 4,500 4,000 2,500 47,500
Total Sales $ 162,475 $ 194,970 $ 227,465 $ 259,960 $324,950 $292,455 $292,455 $324,950 $ 292,455 $292,455 $ 259,960 $ 162,475 $ 3,087,025
Total Cost of Goods Sold $ 100,000 $ 120,000 $ 140,000 $ 160,000 $200,000 $180,000 $180,000 $200,000 $ 180,000 $180,000 $ 160,000 $ 100,000 $ 1,900,000
Total Margin $ 62,475 $ 74,970 $ 87,465 $ 99,960 $124,950 $112,455 $112,455 $124,950 $ 112,455 $112,455 $ 99,960 $ 62,475 $ 1,187,025

450091764.xlsx 3a-SalesForecastYear1 12/02/2019 20:04:35

 Sales Forecast Years 1-3
This sheet will populate based on information in the year
1 Sales Forecast.

Prepared by: Company Name: The included growth rate is just a starting point, if you
can provide a more accurate prediction for each month,
B.A.C Box unlock the sheet (see Directions) and change the value
Ariana Bell
for that month. Please note that you will no longer have a
formula in that cell once you change the value, so you
may want to save a copy of this spreadsheet under a
Growth Rate Year 1 to Year 2: 10.00% different name before doing so.
Growth Rate Year 2 to Year 3: 10.00%

Septemb Novembe Decemb Category

Product Lines Year 1 Totals May June July August er October r er January February March April Year 2 Totals Breakdown
Key box
1 Sold 47500 2,750 3,300 3,850 4,400 5,500 4,950 4,950 5,500 4,950 4,950 4,400 2,750 52,250
Total Sales $ 3,087,025 178,723 214,467 250,212 285,956 357,445 321,701 321,701 357,445 321,701 321,701 285,956 178,723 $ 3,395,728 100.0%
Total COGS $ 1,900,000 110,000 132,000 154,000 176,000 220,000 198,000 198,000 220,000 198,000 198,000 176,000 110,000 $ 2,090,000 61.5%
Total Margin $ 1,187,025 68,723 82,467 96,212 109,956 137,445 123,701 123,701 137,445 123,701 123,701 109,956 68,723 $ 1,305,728 38.5%

Product 2
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%

Product 3
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%

Product 4
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales 0 - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%

Product 5
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%

Product 6
0 Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Total Units Sold 47500 2,750 3,300 3,850 4,400 5,500 4,950 4,950 5,500 4,950 4,950 4,400 2,750 52,250
Total Sales $ 3,087,025 ### $214,467 ### ### ### ### ### ### $ 321,701 ### $ 285,956 $ 178,723 $ 3,395,728
Total Cost of Goods Sold $ 1,900,000 ### $132,000 ### ### ### ### ### ### $ 198,000 ### $ 176,000 $ 110,000 $ 2,090,000
Total Margin $ 1,187,025 $68,723 $ 82,467 $96,212 ### ### ### ### ### $ 123,701 ### $ 109,956 $ 68,723 $ 1,305,728

450091764.xlsx 3b-SalesForecastYrs1-3 12/02/2019 20:04:35

 Sales Forecast Years 1-3

Category / Septemb Novemb Decemb Year 3 Category Category /

Product Lines Total May June July August er October er er January February March April Totals Breakdown Total
Key box
1 Sold 100.0% 3,025 3,630 4,235 4,840 6,050 5,445 5,445 6,050 5,445 5,445 4,840 4,535 58,985 100.0%
Total Sales 100.0% 196,595 235,914 275,233 314,552 393,190 353,871 353,871 393,190 353,871 353,871 314,552 294,730 ### 100.0% 100.0%
Total COGS 100.0% 121,000 145,200 169,400 193,600 242,000 217,800 217,800 242,000 217,800 217,800 193,600 181,400 ### 61.5% 100.0%
Total Margin 100.0% 75,595 90,714 105,833 120,952 151,190 136,071 136,071 151,190 136,071 136,071 120,952 113,330 ### 38.5% 100.0%

Product 2
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%

Product 3
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%

Product 4
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%

Product 5
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%

Product 6
0 Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 3,025 3,630 4,235 4,840 6,050 5,445 5,445 6,050 5,445 5,445 4,840 4,535 58,985
Total Sales ### $235,914 ### ### ### ### ### ### $ 353,871 ### $ 314,552 $ 294,730 ###
Total Cost of Goods Sold ### $145,200 ### ### ### ### ### ### $ 217,800 ### $ 193,600 $ 181,400 ###
Total Margin ### $ 90,714 ### ### ### ### ### ### $ 136,071 ### $ 120,952 $ 113,330 ###

450091764.xlsx 3b-SalesForecastYrs1-3 12/02/2019 20:04:35

 Additional Inputs

Prepared By: Company Name:

Ariana Bell B.A.C Box

Accounts Receivable (A/R) Days Sales Outstanding

Percent of Collections Year 1 Year 2 Year 3
Paid within 30 days 100% 100% 100%
Paid between 30 and 60 days 0% 0% 0%
Paid in more than 60 days 0% 0% 0%
Allowance for bad debt 0% 0% 0%
This should equal 100% ----> 100% 100% 100%

Accounts Payable (A/P)

Percent of Disbursements Year 1 Year 2 Year 3
Paid within 30 days 100% 100% 100%
Paid between 30 and 60 days 0% 0% 0%
Paid in more than 60 days 0% 0% 0%
This should equal 100% ----> 100% 100% 100%

Line of Credit Assumptions

Desired Minimum Cash Balance 0
Line of Credit Interest Rate 8.00%

Additional Fixed Assets Purchases

Septemb Novembe Decembe Year 2 Year 3
Fixed Assets Depreciation (years) May June July August October January February March April Year 1 Totals
er r r Total Total

Real Estate 20 $ - - - - - - - - - - - - $ - $ - $ -
Leasehold Improvements 7 $ 15,000 - - 1,000 - - 500 500 - - - - $ 17,000 $ 35,000 $ 37,500
Equipment 7 $ 15,000 - - 250 - - 200 250 - - - - $ 15,700 $ 28,000 $ 30,500
Furniture and Fixtures 5 $ 5,000 - - - - - - - - - - - $ 5,000 $ 18,000 $ 20,000
Vehicles 5 $ - - - - - - - - - - - - $ - $ - $ -
Other Fixed Assets 5 $ 1,000 - - - - - - - - - - - $ 1,000 $ 15,000 $ 18,000
Total Additional Fixed Assets $ 36,000 $ - $ - $ 1,250 $ - $ - $ 700 $ 750 $ - $ - $ - $ - $ 38,700 $ 96,000 $106,000

Income Tax Assumptions

Effective Income Tax Rate - Year 1 0.0%
Effective Income Tax Rate - Year 2 0.0%
Effective Income Tax Rate - Year 3 0.0%

Amortization of Start-Up Costs

Amortization Period in Years 3

450091764.xlsx 4-AdditionalInputs 12/02/2019 20:04:35

 Operating Expenses Year 1

Prepared By: Company Name:

Ariana Bell B.A.C Box

Septemb Novembe Decembe

May June July August er October r r January February March April Annual Totals
Expenses
Advertising 5,000 5,000 6,000 7,000 6,000 5,000 6,000 7,000 6,000 5,000 5,000 5,000 $ 68,000
Car and Truck Expenses - - - - - - - - - - - - $ -
Commissions and Fees - - - - - - - - - - - - $ -
Contract Labor (Not included in payroll) - - - - - - - - - - - - $ -
Insurance (other than health) 300 300 300 300 300 300 300 300 300 300 300 300 $ 3,600
Legal and Professional Services 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 200 $ 22,200
Licenses 5,000 - - - - - - - - - - - $ 5,000
Office Expense 300 300 300 300 300 300 300 300 300 300 300 300 $ 3,600
Rent or Lease -- Vehicles, Machinery, Equipment 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 $ 180,000
Rent or Lease -- Other Business Property 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 $ 36,000
Repairs and Maintenance - 500 1,000 3,000 2,000 1,500 2,000 3,000 2,500 2,000 1,000 500 $ 19,000
Supplies 300 300 300 300 300 300 300 300 300 300 300 300 $ 3,600
Travel, Meals and Entertainment 100 100 100 100 100 100 100 100 100 100 100 100 $ 1,200
Utilities 320 320 320 320 320 350 400 450 450 400 350 320 $ 4,320
Miscellaneous 500 500 500 500 500 500 500 500 500 500 500 500 $ 6,000
Total Expenses $ 31,820 $ 27,320 $ 28,820 $ 31,820 $ 29,820 $ 28,350 $ 29,900 $ 31,950 $ 30,450 $ 28,900 $ 27,850 $ 25,520 $ 352,520

Other Expenses
Depreciation 457 457 457 472 472 472 480 489 489 489 489 489 $ 5,714
Interest
Commercial Loan 128 127 126 125 124 122 121 120 119 117 116 115 $ 1,460
Commercial Mortgage - - - - - - - - - - - - $ -
Credit Card Debt 35 35 34 34 33 33 32 32 31 30 30 29 $ 387
Vehicle Loans - - - - - - - - - - - - $ -
Other Bank Debt - - - - - - - - - - - - $ -
Line of Credit - 41 39 38 37 36 35 33 32 31 30 29 $ 380
Bad Debt Expense - - - - - - - - - - - - $ -
Total Other Expenses $ 620 $ 659 $ 656 $ 668 $ 666 $ 663 $ 668 $ 674 $ 671 $ 668 $ 665 $ 662 $ 7,941
Total Fixed Operating Expenses $ 32,440 $ 27,979 $ 29,476 $ 32,488 $ 30,486 $ 29,013 $ 30,568 $ 32,624 $ 31,121 $ 29,568 $ 28,515 $ 26,182 $ 360,461

450091764.xlsx 5a-OpExYear1 12/02/2019 20:04:35

 Operating Expenses Years 1-3

Prepared By: Company Name:

Ariana Bell B.A.C Box

Line Item 2020 Growth Rate 1 to 2 2021 Growth Rate 2 to 3 2022

Advertising 68,000 3.0% 70,040 3.0% 72,141
Car and Truck Expenses - 3.0% - 3.0% -
Commissions and Fees - 5.0% - 5.0% -
Contract Labor (Not included in payroll) - 3.0% - 3.0% -
Insurance (other than health) 3,600 3.0% 3,708 3.0% 3,819
Legal and Professional Services 22,200 3.0% 22,866 3.0% 23,552
Licenses 5,000 5.0% 5,250 5.0% 5,513
Office Expense 3,600 3.0% 3,708 3.0% 3,819
Rent or Lease -- Vehicles, Machinery, Equipment 180,000 3.0% 185,400 3.0% 190,962
Rent or Lease -- Other Business Property 36,000 3.0% 37,080 3.0% 38,192
Repairs and Maintenance 19,000 5.0% 19,950 5.0% 20,948
Supplies 3,600 3.0% 3,708 3.0% 3,819
Travel, Meals and Entertainment 1,200 3.0% 1,236 3.0% 1,273
Utilities 4,320 3.0% 4,450 3.0% 4,583
Miscellaneous 6,000 3.0% 6,180 3.0% 6,365
Total Expenses $ 352,520 $ 363,576 $ 374,987

Other Expenses
Depreciation 5,714 107,271 305,614
Interest
Commercial Loan 1,460 1,278 1,082
Commercial Mortgage - - -
Credit Card Debt 387 304 232
Vehicle Loans - - -
Other Bank Debt - - -
Line of Credit 380 288 240
Bad Debt Expense -

450091764.xlsx 5b-OpExYrs1-3 12/02/2019 20:04:35

 Operating Expenses Years 1-3

Total Other Expenses $ 7,941 $ 109,140 $ 307,168

Total Operating Expenses $ 360,461 $ 472,716 $ 682,155

450091764.xlsx 5b-OpExYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Year 1

Prepared By: Company Name:

Ariana Bell B.A.C Box

Septemb Novembe Decembe

May June July August er October r r January February March April Totals
Beginning Balance $ - $ - $ 10,697 $ 32,391 $ 61,330 $ 118,510 $ 165,666 $ 209,574 $ 263,877 $ 308,437 $ 355,048 $ 390,216
Cash Inflows
Cash Sales 162,475 194,970 227,465 259,960 324,950 292,455 292,455 324,950 292,455 292,455 259,960 162,475 ###
Accounts Receivable - - - - - - - - - - - - $ -
Total Cash Inflows $162,475 $194,970 $227,465 $259,960 $324,950 $292,455 $292,455 $324,950 $ 292,455 $292,455 $259,960 $162,475 ###

Cash Outflows
Investing Activities
New Fixed Asset Pur - - - 1,250 - - 700 750 - - - - $ 2,700
Additional Inventory - - - 1,000 1,000 - 1,000 1,000 500 - - - $ 4,500
Cost of Goods Sold 100,000 120,000 140,000 160,000 200,000 180,000 180,000 200,000 180,000 180,000 160,000 100,000 ###
Operating Activities
Operating Expenses 31,820 27,320 28,820 31,820 29,820 28,350 29,900 31,950 30,450 28,900 27,850 25,520 $ 352,520
Payroll 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 36,282 $ 435,386
Taxes $ -
Financing Activities
Loan Payments 451 451 451 451 451 451 451 451 451 451 451 451 $ 5,410
Owners Distribution - - - - - - - - - - - - $ -
Line of Credit Interest 41 39 38 37 36 35 33 32 31 30 29 $ 380
Line of Credit Repa 179 179 179 180 180 180 180 180 180 180 180 180 $ 2,157
Dividends Paid - - - - - - - - - - - - $ -
Total Cash Outflows $168,732 $184,273 $205,771 $231,021 $267,770 $245,299 $248,548 $270,646 $ 247,895 $245,844 $224,793 $162,462 ###
Net Cash Flows $ (6,257) $ 10,697 $ 21,694 $ 28,939 $ 57,180 $ 47,156 $ 43,907 $ 54,304 $ 44,560 $ 46,611 $ 35,167 $ 13 $ 383,972
Operating Cash Balance $ (6,257) $ 10,697 $ 32,391 $ 61,330 $118,510 $165,666 $209,574 $263,877 $ 308,437 $355,048 $390,216 $390,229
Line of Credit Drawdown $ 6,257 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 6,257
Ending Cash Balance $ - $ 10,697 $ 32,391 $ 61,330 $118,510 $165,666 $209,574 $263,877 $ 308,437 $355,048 $390,216 $390,229
Line of Credit Balance $ 6,078 $ 5,899 $ 5,720 $ 5,540 $ 5,360 $ 5,180 $ 5,000 $ 4,820 $ 4,640 $ 4,460 $ 4,280 $ 4,100

450091764.xlsx 6a-CashFlowYear1 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

NOTE: To only view the annual total side-by-side, highlight columns C through N
Prepared By: Company and right-click. Then select "Hide". Use the same procedure to Hide columns P through AA
Name:
B, O and AB, right-click and select "Unhide".
Ariana Bell B.A.C Box

Septemb Novembe
Year 1 Totals May June July August er October r
Beginning Balance $390,229 $ 378,160 $ 379,836 $ 395,257 $ 423,423 $ 479,079 $ 521,990
Cash Inflows
Cash Sales $ 3,087,025 178,723 214,467 250,212 285,956 357,445 321,701 321,701
Accounts Receivable $ - - - - - - - -
Total Cash Inflows $ 3,087,025 $178,723 $214,467 $250,212 $285,956 $357,445 $321,701 $321,701

Cash Outflows
Investing Activities
New Fixed Asset P $ 2,700 8,000 8,000 8,000 8,000 8,000 8,000 8,000
Additional Invento $ 4,500 - - - 1,000 1,000 - 1,000
Cost of Goods Sol $ 1,900,000 110,000 132,000 154,000 176,000 220,000 198,000 198,000
Operating Activities
Operating Expens $ 352,520 30,298 30,298 30,298 30,298 30,298 30,298 30,298
Payroll $ 435,386 41,924 41,924 41,924 41,924 41,924 41,924 41,924
Taxes $ - - - - - - - -
Financing Activities
Loan Payments $ 5,410 451 451 451 451 451 451 451
Owners Distribution $ - - - - - - - -
Line of Credit Interes $ 380 27 27 26 25 25 24 24
Line of Credit Repay $ 2,157 92 92 92 92 92 92 92
Dividends Paid $ - - - - - - - -
Total Cash Outflows $ 2,703,053 $190,792 $212,791 $234,791 $257,790 $301,789 $278,789 $279,788
Net Cash Flows $ 383,972 $ (12,069) $ 1,676 $ 15,421 $ 28,166 $ 55,656 $ 42,912 $ 41,912
Operating Cash Balance $378,160 $379,836 $395,257 $423,423 $479,079 $521,990 $563,903
Line of Credit Drawdown $ 6,257 $ - $ - $ - $ - $ - $ - $ -
Ending Cash Balance $378,160 $379,836 $395,257 $423,423 $479,079 $521,990 $563,903

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ 4,008 $ 3,916 $ 3,824 $ 3,732 $ 3,640 $ 3,548 $ 3,456

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

ual total side-by-side, highlight columns C through N

t "Hide". Use the same procedure to Hide columns P through AA. To show them again, highlight columns
select "Unhide".

Decembe
r January February March April Year 2 Totals
Beginning Balance $ 563,903 $ 619,560 $ 661,975 $ 704,890 $ 734,070
Cash Inflows
Cash Sales 357,445 321,701 321,701 285,956 178,723 $3,395,728
Accounts Receivable - - - - - $ -
Total Cash Inflows $357,445 $ 321,701 $321,701 $285,956 $178,723 $3,395,728

Cash Outflows
Investing Activities
New Fixed Asset P 8,000 8,000 8,000 8,000 8,000 $ 96,000
Additional Invento 1,000 500 - - - $ 4,500
Cost of Goods Sol 220,000 198,000 198,000 176,000 110,000 $2,090,000
Operating Activities
Operating Expens 30,298 30,298 30,298 30,298 30,298 $ 363,576
Payroll 41,924 41,924 41,924 41,924 41,924 $ 503,083
Taxes - - - - -
Financing Activities
Loan Payments 451 451 451 443 451 $ 5,402
Owners Distribution - - - - - $ -
Line of Credit Interes 23 22 22 21 21 $ 288
Line of Credit Repay 92 91 91 91 91 $ 1,100
Dividends Paid - - - - - $ -
Total Cash Outflows $301,787 $ 279,286 $278,785 $256,777 $190,784 $3,063,948
Net Cash Flows $ 55,658 $ 42,415 $ 42,915 $ 29,179 $ (12,062) $ 331,779
Operating Cash Balance $619,560 $ 661,975 $704,890 $734,070 $722,008
Line of Credit Drawdown $ - $ - $ - $ - $ - $ -
Ending Cash Balance $619,560 $ 661,975 $704,890 $734,070 $722,008

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ 3,364 $ 3,273 $ 3,182 $ 3,091 $ 3,000

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

Septemb Novembe Decembe

May June July August er October r r January
Beginning Balance $722,008 $ 705,191 $ 703,493 $ 716,914 $ 744,454 $ 802,231 $ 845,890 $ 888,549 $ 946,327
Cash Inflows
Cash Sales 196,595 235,914 275,233 314,552 393,190 353,871 353,871 393,190 353,871
Accounts Receivable - - - - - - - - -
Total Cash Inflows 196,595 235,914 275,233 314,552 393,190 353,871 353,871 393,190 353,871

Cash Outflows
Investing Activities
New Fixed Asset P 8,833 8,833 8,833 8,833 8,833 8,833 8,833 8,833 8,833
Additional Invento - - - 1,000 1,000 - 1,000 1,000 500
Cost of Goods Sol 121,000 145,200 169,400 193,600 242,000 217,800 217,800 242,000 217,800
Operating Activities
Operating Expens 31,249 31,249 31,249 31,249 31,249 31,249 31,249 31,249 31,249
Payroll 51,859 51,859 51,859 51,859 51,859 51,859 51,859 51,859 51,859
Taxes - - - - - - - - -
Financing Activities
Loan Payments 451 451 451 451 451 451 451 451 451
Owners Distribution - - - - - - - - -
Line of Credit Interes 20 20 20 20 20 20 20 20 20
Line of Credit Repay - - - - - - - - -
Dividends Paid - - - - - - - - -
Total Cash Outflows $213,412 $237,612 $261,812 $287,012 $335,412 $310,212 $311,212 $335,412 $310,712
Net Cash Flows $ (16,817) $ (1,698) $ 13,421 $ 27,540 $ 57,778 $ 43,659 $ 42,659 $ 57,778 $ 43,159
Operating Cash Balance $705,191 $703,493 $716,914 $744,454 $802,231 $845,890 $888,549 $946,327 $989,485
Line of Credit Drawdown $ - $ - $ - $ - $ - $ - $ - $ - $ -
Ending Cash Balance $705,191 $703,493 $716,914 $744,454 $802,231 $845,890 $888,549 $946,327 $989,485

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ 3,000

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

February March April Year 3 Totals

Beginning Balance $ 989,485 $ 1,033,144 $ 1,061,684
Cash Inflows
Cash Sales 353,871 314,552 294,730 $ 3,833,435
Accounts Receivable - - - $ -
Total Cash Inflows 353,871 314,552 294,730 $ 3,833,435

Cash Outflows
Investing Activities
New Fixed Asset P 8,833 8,833 8,833 $ 106,000
Additional Invento - - - $ 4,500
Cost of Goods Sol 217,800 193,600 181,400 $ 2,359,400
Operating Activities
Operating Expens 31,249 31,249 31,249 $ 374,987
Payroll 51,859 51,859 51,859 $ 622,305
Taxes - - - $ -
Financing Activities
Loan Payments 451 451 451 $ 5,410
Owners Distribution - - $ -
Line of Credit Interes 20 20 20 $ 240
Line of Credit Repay - - - $ -
Dividends Paid - - - $ -
Total Cash Outflows $310,212 $286,012 $273,812 $ 3,472,842
Net Cash Flows $ 43,659 $ 28,540 $ 20,918 $ 360,593
Operating Cash Balance ### ### ###
Line of Credit Drawdown $ - $ - $ - $ -
Ending Cash Balance ### ### ###

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ 3,000 $ 3,000 $ 3,000

450091764.xlsx 6b-CashFlowYrs1-3 12/02/2019 20:04:36

 Income Statement Year 1

Prepared By: Company Name:

Ariana Bell B.A.C Box

May June July August September October November

Revenue
Key box 162,475 194,970 227,465 259,960 324,950 292,455 292,455
Product 2 - - - - - - -
Product 3 - - - - - - -
Product 4 - - - - - - -
Product 5 - - - - - - -
Product 6 - - - - - - -
Total Revenue $ 162,475 $ 194,970 $ 227,465 $ 259,960 $ 324,950 $ 292,455 $ 292,455
Cost of Goods Sold
Key box 100,000 120,000 140,000 160,000 200,000 180,000 180,000
Product 2 - - - - - - -
Product 3 - - - - - - -
Product 4 - - - - - - -
Product 5 - - - - - - -
Product 6 - - - - - - -
Total Cost of Goods Sold $ 100,000 $ 120,000 $ 140,000 $ 160,000 $ 200,000 $ 180,000 $ 180,000
Gross Margin $ 62,475 $ 74,970 $ 87,465 $ 99,960 $ 124,950 $ 112,455 $ 112,455
Payroll $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282
Operating Expenses
Advertising 5,000 5,000 6,000 7,000 6,000 5,000 6,000
Car and Truck Expenses - - - - - - -
Commissions and Fees - - - - - - -
Contract Labor (Not included in payroll) - - - - - - -
Insurance (other than health) 300 300 300 300 300 300 300
Legal and Professional Services 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Licenses 5,000 - - - - - -
Office Expense 300 300 300 300 300 300 300

450091764.xlsx 7a-IncomeStatementYear1 12/02/2019 20:04:36

 Income Statement Year 1

Rent or Lease -- Vehicles, Machinery, Equipment 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Rent or Lease -- Other Business Property 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Repairs and Maintenance - 500 1,000 3,000 2,000 1,500 2,000
Supplies 300 300 300 300 300 300 300
Travel, Meals and Entertainment 100 100 100 100 100 100 100
Utilities 320 320 320 320 320 350 400
Miscellaneous 500 500 500 500 500 500 500
Other Expense 1
Other Expense 2
Total Operating Expenses $ 31,820 $ 27,320 $ 28,820 $ 31,820 $ 29,820 $ 28,350 $ 29,900
Income (Before Other Expenses) $ (5,627) $ 11,368 $ 22,363 $ 31,858 $ 58,848 $ 47,823 $ 46,273
Other Expenses
Amortized Start-up Expenses 470 470 470 470 470 470 470
Depreciation 457 457 457 472 472 472 480
Interest
Commercial Loan 128 127 126 125 124 122 121
Commercial Mortgage - - - - - - -
Credit Card Debt 35 35 34 34 33 33 32
Vehicle Loans - - - - - - -
Other Bank Debt - - - - - - -
Line of Credit - 41 39 38 37 36 35
Bad Debt Expense - - - - - - -
Total Other Expenses 1,090 1,129 1,126 1,138 1,136 1,133 1,138
Net Income Before Income Tax $ (6,718) $ 10,239 $ 21,236 $ 30,719 $ 57,712 $ 46,690 $ 45,135
Income Tax $ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 1,380
Net Profit/Loss $ (8,098) $ 8,859 $ 19,856 $ 29,339 $ 56,332 $ 45,310 $ 43,755

450091764.xlsx 7a-IncomeStatementYear1 12/02/2019 20:04:36

 Income Statement Year 1

December January February March April Annual Totals

324,950 292,455 292,455 259,960 162,475 $ 3,087,025

- - - - - $ -
- - - - - $ -
- - - - - $ -
- - - - - $ -
- - - - - $ -
$ 324,950 $ 292,455 $ 292,455 $ 259,960 $ 162,475 $ 3,087,025

200,000 180,000 180,000 160,000 100,000 $ 1,900,000

- - - - - $ -
- - - - - $ -
- - - - - $ -
- - - - - $ -
- - - - - $ -
$ 200,000 $ 180,000 $ 180,000 $ 160,000 $ 100,000 $ 1,900,000
$ 124,950 $ 112,455 $ 112,455 $ 99,960 $ 62,475 $ 1,187,025
$ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 36,282 $ 435,386

7,000 6,000 5,000 5,000 5,000 $ 68,000

- - - - - $ -
- - - - - $ -
- - - - - $ -
300 300 300 300 300 $ 3,600
2,000 2,000 2,000 2,000 200 $ 22,200
- - - - - $ 5,000
300 300 300 300 300 $ 3,600

450091764.xlsx 7a-IncomeStatementYear1 12/02/2019 20:04:36

 Income Statement Year 1

15,000 15,000 15,000 15,000 15,000 $ 180,000

3,000 3,000 3,000 3,000 3,000 $ 36,000
3,000 2,500 2,000 1,000 500 $ 19,000
300 300 300 300 300 $ 3,600
100 100 100 100 100 $ 1,200
450 450 400 350 320 $ 4,320
500 500 500 500 500 $ 6,000

$ 31,950 $ 30,450 $ 28,900 $ 27,850 $ 25,520 $ 352,520

$ 56,718 $ 45,723 $ 47,273 $ 35,828 $ 673 $ 399,119

470 470 470 470 470 $ 5,640

489 489 489 489 489 $ 5,714

120 119 117 116 115 $ 1,460

- - - - - $ -
32 31 30 30 29 $ 387
- - - - - $ -
- - - - - $ -
33 32 31 30 29 $ 380
- - - - - $ -
1,144 1,141 1,138 1,135 1,132 $ 13,581
$ 55,574 $ 44,582 $ 46,135 $ 34,693 $ (459) $ 385,538
$ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 1,380 $ 16,560
$ 54,194 $ 43,202 $ 44,755 $ 33,313 $ (1,839) $ 368,978

450091764.xlsx 7a-IncomeStatementYear1 12/02/2019 20:04:36

 Income Statement Years 1-3

Prepared By: Company Name:

Ariana Bell B.A.C Box

Revenue 2020 2021 2022

Key box 3,087,025 3,395,728 3,833,435
Product 2 - - -
Product 3 - - -
Product 4 - - -
Product 5 - - -
Product 6 - - -
Total Revenue $ 3,087,025 100% $ 3,395,728 100% $ 3,833,435 100%
Cost of Goods Sold
Key box 1,900,000 2,090,000 2,359,400
Product 2 - - -
Product 3 - - -
Product 4 - - -
Product 5 - - -
Product 6 - - -
Total Cost of Goods Sold 1,900,000 62% 2,090,000 62% 2,359,400 62%
Gross Margin 1,187,025 38% 1,305,728 38% 1,474,035 38%
Payroll 435,386 503,083 622,305
Operating Expenses
Advertising 68,000 70,040 72,141
Car and Truck Expenses - - -
Commissions and Fees - - -
Contract Labor (Not included in payroll) - - -
Insurance (other than health) 3,600 3,708 3,819
Legal and Professional Services 22,200 22,866 23,552
Licenses 5,000 5,250 5,513
Office Expense 3,600 3,708 3,819
Rent or Lease -- Vehicles, Machinery, Equipment 180,000 185,400 190,962
Rent or Lease -- Other Business Property 36,000 37,080 38,192
Repairs and Maintenance 19,000 19,950 20,948
Supplies 3,600 3,708 3,819
Travel, Meals and Entertainment 1,200 1,236 1,273
Utilities 4,320 4,450 4,583
Miscellaneous 6,000 6,180 6,365
Other Expense 1
Other Expense 2

Total Operating Expenses $ 352,520 11% $ 363,576 11% $ 374,987 10%

Income (Before Other Expenses) $ 399,119 13% $ 439,069 13% $ 476,744 12%

Other Expenses
Amortized Start-up Expenses 5,640 5,640 5,640

Depreciation 5,714 107,271 305,614

Interest
Commercial Loan 1,460 1,278 1,082

Commercial Mortgage - - -
Credit Card Debt 387 304 232

Vehicle Loans - - -

Other Bank Debt - - -

Line of Credit 380 288 240

Bad Debt Expense - - -

Total Other Expenses $ 13,581 0% $ 114,780 3% $ 312,808 8%

Net Income Before Income Tax $ 385,538 $ 324,288 $ 163,936

Income Tax $ - $ - $ -
Net Income/Loss $ 385,538 12% $ 324,288 10% $ 163,936 4%

450091764.xlsx 7b-IncomeStatementYrs1-3 12/02/2019 20:04:36

 Balance Sheet Years 1-3

Prepared By: Company Name:

Ariana Bell B.A.C Box

ASSETS 2020 2021 2022

Current Assets
Cash 390,229 722,008 1,082,602
Accounts Receivable - - -
Inventory 4,580 9,080 13,580
Prepaid Expenses 10,613 5,307 -
Other Initial Costs 667 333 -
Total Current Assets $ 406,089 $ 736,728 $ 1,096,182

Fixed Assets
Real Estate -- Land - - -
Real Estate -- Buildings - - -
Leasehold Improvements 17,000 52,000 89,500
Equipment 15,700 43,700 74,200
Furniture and Fixtures 5,000 23,000 43,000
Vehicles - - -
Other 1,000 16,000 34,000
Total Fixed Assets $ 38,700 $ 134,700 $ 240,700
(Less Accumulated Depreciation) $ 5,714 $ 112,986 $ 418,600
Total Assets $ 439,074 $ 758,442 $ 918,281

LIABILITIES & EQUITY

Liabilities
Accounts Payable - - -
Commercial Loan Balance 19,476 16,769 13,866
Commercial Mortgage Balance - - -
Credit Card Debt Balance 4,961 3,848 2,654
Vehicle Loans Balance - - -
Other Bank Debt Balance - - -
Line of Credit Balance 4,100 3,000 3,000
Total Liabilities $ 28,537 $ 23,616 $ 19,520
Equity
Common Stock 25,000 25,000 25,000
Retained Earnings 385,538 709,826 873,762
Dividends Dispersed/Owners Draw - - -
Total Equity $ 410,538 $ 734,826 $ 898,762
Total Liabilities and Equity $ 439,074 $ 758,442 $ 918,281

$ - $ - $ -
Balance sheet in or out of balance?
Balanced! Balanced! Balanced!

450091764.xlsx 8-BalanceSheet 12/02/2019 20:04:36

 Breakeven Analysis

Prepared By: Company Name:

Ariana Bell B.A.C Box

Gross Margin % of Sales

Gross Margin $ 1,187,025
Total Sales $ 3,087,025
Gross Margin/Total Sales 38.5%
Total Fixed Expenses

$ 435,385.92
Payroll

$ 360,461.26
Operating Expenses
Operating + Payroll $ 795,847

Breakeven Sales in Dollars (Annual)

38.5%
Gross Margin % of Sales

$ 795,847
Total Fixed Expenses

$ 2,069,712
Yearly Breakeven Amount
Monthly Breakeven Amount $ 172,476

450091764.xlsx BreakevenAnalysis 12/02/2019 20:04:36

 Financial Ratios - Year 1

Prepared By: Company Name:

Ariana Bell B.A.C Box

Ratios Year One Year Two Year Three Industry Norms Notes
Liquidity
Current Ratio 14.2 31.2 56.2
Quick Ratio 13.7 30.6 55.5
Safety
Debt to Equity Ratio 0.1 0.0 0.0
Debt-Service Coverage Ratio - DSCR 13.1 18.3 24.1
Profitability
Sales Growth 0.0% 10.0% 12.9%
COGS to Sales 61.5% 61.5% 61.5%
Gross Profit Margin 38.5% 38.5% 38.5%
SG&A to Sales 25.5% 25.5% 26.0%
Net Profit Margin 12.5% 9.5% 4.3%
Return on Equity (ROE) 93.9% 44.1% 18.2%
Return on Assets 87.8% 42.8% 17.9%
Owner's Compensation to Sales 0.0% 0.0% 0.0%
Efficiency
Days in Receivables 0.0 0.0 0.0
Accounts Receivable Turnover 0.0 0.0 0.0
Days in Inventory 0.9 1.6 2.1
Inventory Turnover 414.8 230.2 173.7
Sales to Total Assets 7.0 4.5 4.2

450091764.xlsx FinancialRatios 12/02/2019 20:04:36

 Diagnostic Tools - Year 1
Prepared By:
Ariana Bell
General Financing Assumptions
Owner's Cash Injection into the Business
Cash Request as percent of Total Required Funds
Loan Assumptions
Commercial Loan Interest rate
Commercial Loan Term in Months
Commercial Mortgage Interest rate
Commercial Mortgage Term in Months
Debt-Service Coverage
Income Statement
Gross Margin as a Percent of Sales
Owner's Compensation Lower Limit Check
Owner's Compensation Upper Limit Check
Advertising Expense Levels as a Percent of Sales
Profitability Levels
Profitability as a Percent of Sales
Cash Flow Statement
Desired Operating cash Flow Levels
Line of Credit Drawdowns
Accounts Receivable Ratio to Sales
Balance Sheet
Does the Year 1 Balance Sheet Balance?
Debt to Equity Ratio
Breakeven Analysis
Do Sales Exceed the Breakeven Level?
450091764.xlsx
Company Name:
B.A.C Box
Value Findings
0.0% Owner's injection might be too low in relation to the amount of money needed
0.0% Cash request seems reasonable with respect to total request
Value Findings
7.0% Interest rate seems reasonable
84 Loan term seems within range for this type of loan
9.0% Interest rate seems reasonable
240 Loan term seems within range for this type of loan
1313.0% Calculated loan payments relative to operating proft may be too high
Value Findings
38.5% Gross margin percentage seems reasonable
$ - An owner's compensation amount has not been established
0.0% Owner's compensation seems reasonable
2.2% Advertising as a percent of sales seems reasonable
$ 385,538 The business is showing a profit
12.5% The projection does not seem highly unreasonable
Value Findings
$ 6,257 The financial projection provides the desired level of cash flow
$ 6,257 The business will need at least this level of a line of credit
0.0% Accounts receivable amount as a percent of sales seems reasonable
Value Findings
$ - The balance sheet does balance
7.0% Very comfortable
Value Findings
### The sales projection exceeds the projected break-even sales level
DiagnosticTools 12/02/2019 20:04:37
 COGS Calculator

Prepared By: Company Name:

Ariana Bell B.A.C Box

Variable Costs of Products

Timeframe: Month
Product Line: Widget
Raw materials 25
Labor used to produce product 5
Costs associated with shipping and storing raw materials 2
Production facility expenses (use fraction of total if facility is used for other
items) 3
Total Product Expenses $ 35
Number Units Sold in timeframe used 1
Cost of Goods Sold Per Unit $ 35

Variable Costs of Services

Timeframe: Month
Product Line: Project
Amount spent on labor during timeframe 10
Amount spent on materials during this timeframe 30

List any other variable costs associated with the delivery of your service during
this timeframe. -
Total Service Expenses $ 40
Number Units Sold During Timeframe 1
Cost of Goods Sold Per Unit $ 40

450091764.xlsx COGS Calculator 12/02/2019 20:04:37

 Amortization and Depreciation Schedule

Prepared By: Company Name:

Ariana Bell B.A.C Box Return to Starting Point

Commercial Loan
Principal Amount $ 22,000
Interest Rate 7.00%
Loan Term in Months 84.00
Monthly Payment Amount $332.04
May June July August September October November December January February
Year One
Interest 128 127 126 125 124 122 121 120 119 117
Principal 204 205 206 207 209 210 211 212 213 215
Loan Balance 21,796 21,591 21,385 21,178 20,970 20,760 20,549 20,337 20,123 19,909
Year Two
Interest 114 112 111 110 108 107 106 105 103 102
Principal 218 220 221 222 224 225 226 228 229 230
Loan Balance 19,257 19,037 18,816 18,594 18,371 18,146 17,920 17,692 17,463 17,233
Year Three
Interest 98 96 95 94 92 91 89 88 87 85
Principal 234 236 237 238 240 241 243 244 245 247
Loan Balance 16,534 16,299 16,062 15,824 15,584 15,343 15,100 14,856 14,611 14,364

Commercial Mortgage
Principal Amount $ -
Interest Rate 9.00%
Loan Term in Months 240.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
 Amortization and Depreciation Schedule

Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
 Amortization and Depreciation Schedule

Credit Card Debt

Principal Amount $ 6,000.00
Interest Rate 7.00%
Loan Term in Months 60.00
Monthly Payment Amount $118.81
May June July August September October November December January February
Year One
Interest 35 35 34 34 33 33 32 32 31 30
Principal 84 84 85 85 86 86 87 87 88 88
Loan Balance 5,916 5,832 5,747 5,662 5,576 5,490 5,403 5,316 5,228 5,140
Year Two
Interest 29 28 28 27 27 26 26 25 25 24
Principal 90 90 91 91 92 93 93 94 94 95
Loan Balance 4,872 4,781 4,690 4,599 4,507 4,414 4,321 4,228 4,133 4,039
Year Three
Interest 22 22 21 21 20 20 19 18 18 17
Principal 96 97 97 98 99 99 100 100 101 102
Loan Balance 3,751 3,654 3,557 3,459 3,360 3,261 3,161 3,061 2,960 2,858

Vehicle Loans
Principal Amount $ -
Interest Rate 6.00%
Loan Term in Months 48.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
 Amortization and Depreciation Schedule

Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
 Amortization and Depreciation Schedule

Other Bank Debt

Principal Amount $0.00
Interest Rate 5.00%
Loan Term in Months 36.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -

Depreciation
Real Estate-Buildings 20
Leasehold Improvements 7
Equipment 7
Furniture and Fixtures 5
Vehicles 5
Other 5
May June July August September October November December January February
Year One
Starting Depreciation 457 457 457 457 472 472 472 480 489 489
 Amortization and Depreciation Schedule

Additional Depreciation - - - 15 - - 8 9 - -
Ending Depreciation 457 457 457 472 472 472 480 489 489 489
Year Two
Starting Depreciation 489 1,789 3,089 4,389 5,689 6,989 8,289 9,589 10,889 12,189
Additional Depreciation 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300
Ending Depreciation 1,789 3,089 4,389 5,689 6,989 8,289 9,589 10,889 12,189 13,489
Year Three
Starting Depreciation 16,089 17,532 18,975 20,418 21,861 23,304 24,746 26,189 27,632 29,075
Additional Depreciation 1,443 1,443 1,443 1,443 1,443 1,443 1,443 1,443 1,443 1,443
Ending Deprecation 17,532 18,975 20,418 21,861 23,304 24,746 26,189 27,632 29,075 30,518
 Amortization and Depreciation Schedule

Amortization of Start-Up
Costs Monthly
Prepaid Expenses $ 15,920
Total Expensed each Year $ 5,307 442
Other Initial Costs $ 1,000
Total Expensed each Year $ 333 28
Prepaid Expenses May June July August September October November December January February
Year One
Amount Amortized 442 442 442 442 442 442 442 442 442 442
Total Amortized 442 884 1,327 1,769 2,211 2,653 3,096 3,538 3,980 4,422
Year Two
Amount Amortized 442 442 442 442 442 442 442 442 442 442
Total Amortized 5,749 6,191 6,633 7,076 7,518 7,960 8,402 8,844 9,287 9,729
Year Three
Amount Amortized 442 442 442 442 442 442 442 442 442 442
Total Amortized 11,056 11,498 11,940 12,382 12,824 13,267 13,709 14,151 14,593 15,036

Septemb Novembe Decembe

Other Initial Costs May June July August er October r r January February
Year One
Amount Amortized 28 28 28 28 28 28 28 28 28 28
Total Amortized 28 56 83 111 139 167 194 222 250 278
Year Two
Starting Depreciation 28 28 28 28 28 28 28 28 28 28
Ending Depreciation 361 389 417 444 472 500 528 556 583 611
Year Three
Starting Depreciation 28 28 28 28 28 28 28 28 28 28
Ending Deprecation 694 722 750 778 806 833 861 889 917 944
 Amortization and Depreciation Schedule

March April Totals

116 115 $ 1,460

216 217 $ 2,524
19,693 19,476

101 99 $ 1,278
232 233 $ 2,707
17,001 16,769

84 82 $ 1,082
248 250 $ 2,903
14,116 13,866

March April Totals

 Amortization and Depreciation Schedule

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -
 Amortization and Depreciation Schedule

March April Totals

30 29 $ 387
89 89 $ 1,039
5,051 4,961

15 23 $ 304
95 96 $ 1,114
3,944 3,848

17 16 $ 232
102 103 $ 1,194
2,756 2,654

March April Totals

- - $ -
- - $ -
- -
 Amortization and Depreciation Schedule

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -
 Amortization and Depreciation Schedule

March April Totals

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

March April Totals

489 489 $ 5,682

 Amortization and Depreciation Schedule

- -
489 489 $ 5,714

13,489 14,789 $ 91,671

1,300 1,300
14,789 16,089 $107,271

30,518 31,961 $288,300

1,443 1,443
31,961 33,404 $305,614
 Amortization and Depreciation Schedule

March April Totals

442 442 $ 5,307

4,864 5,307

442 442 $ 5,307

10,171 10,613

442 442 $ 5,307

15,478 15,920

March April Totals

28 28 $ 333
306 333

28 28 $ 333
639 667

28 28 $ 333
972 1,000
Date Last Revised Revised By Notes

Tab 3a, cell O55: added margin from 6th product.

Tab 3b, cells O49 and AD49: added margins from 6th
product. Tab 7b: added % sales for lines 23 and 59
6/21/2013 Heather Hendy for all three years.

Updated Tabs 5a, 5b, 7a, and 7b to automatically

carry over debt categories from Tab 1 in case they
are edited. Updated Tabs 5b, 7a and 7b to carry over
expense categories from tab 5a in case they are
7/14/2013 Heather Hendy edited.

Tab 8 Balance Sheet Cell F41 comes from E41 + tab

6b cell AB24 + tab 6b cell AB27.
However tab 6b cell AB27 did not have a sum total in
the cell.
So when paying Dividends in Year 3 the total for the
year is not calculated and carried over to the Balance
4/23/2014 Heather Hendy Sheet. This has now been updated.

Comments were added to the calculation for Social

Security taxes to clarify that salaries above the wage
base limited ($117,000 currently) will cause the
estimate to be overstated and will require manual
11/12/2015 Joe Clarke calculation.

2/10/2016 Joe Clarke Corrected an error (typo) in Amortization Table.

Corrected an error in the calculation of Income Tax

for Year 3 on Tab 7b and set defaults on Tab 4 to
4/3/2016 Joe Clarke those needed by most startups.

Corrected the calculation of income tax on Tabs 7a

and 7b to realize interest expenses from all loan
5/18/2016 Joe Clarke types as well as bad debt.

Tab 3 b 1-3 year sales forecast correct formula in col

Q and col AF referenced the incorrect totals at the
bottom of the sheet. Col Q, The incorrect formula
was referencing cell O52, O53, O54, O55 needed to
reference O46, O47, O48, O49. Col AF, The incorrect
formula was referencing cell O52, O53, O54, O55
6/7/2018 Michael Gilman needed to reference AD46, AD47, AD48, AD49.

Updated on the Amortization&Depreciation tab rows

122 and 126 all the formluas were incorrectly
dividing the number twice by 12 months it should
have been only divided once. I have changed it and
1/29/2019 Michael Gilman verified everything updates correctly now.
 Updated missing forumla on Additional Input sheet
2/19/2019 Mihcael Gilman P31 should be =sum(D31:O31)