Contemporary Ti Design
Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Retailers (Galleries) | 0% | $0 | $0 | $1,547 | $1,654 | $1,745 | $1,732 | $1,874 | $1,888 | $2,487 | $2,687 | $2,854 | $3,125 |
| Individuals | 0% | $0 | $0 | $1,345 | $1,445 | $1,547 | $1,585 | $1,645 | $1,774 | $1,987 | $2,045 | $2,114 | $2,221 |
| Total Sales | $0 | $0 | $2,892 | $3,099 | $3,292 | $3,317 | $3,519 | $3,662 | $4,474 | $4,732 | $4,968 | $5,346 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Retailers (Galleries) | $0 | $0 | $232 | $248 | $262 | $260 | $281 | $283 | $373 | $403 | $428 | $469 | |
| Individuals | $0 | $0 | $202 | $217 | $232 | $238 | $247 | $266 | $298 | $307 | $317 | $333 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $434 | $465 | $494 | $498 | $528 | $549 | $671 | $710 | $745 | $802 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Steve | 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 |
| Independant Sales Representative | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $700 | $700 | $700 | $700 | $700 |
| Total People | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | |
| Total Payroll | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,700 | $2,700 | $2,700 | $2,700 | $2,700 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan 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% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| 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 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $0 | $0 | $2,892 | $3,099 | $3,292 | $3,317 | $3,519 | $3,662 | $4,474 | $4,732 | $4,968 | $5,346 | |
| Direct Cost of Sales | $0 | $0 | $434 | $465 | $494 | $498 | $528 | $549 | $671 | $710 | $745 | $802 | |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $434 | $465 | $494 | $498 | $528 | $549 | $671 | $710 | $745 | $802 | |
| Gross Margin | $0 | $0 | $2,458 | $2,634 | $2,798 | $2,819 | $2,991 | $3,113 | $3,803 | $4,022 | $4,223 | $4,544 | |
| Gross Margin % | 0.00% | 0.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | |
| Expenses | |||||||||||||
| Payroll | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,700 | $2,700 | $2,700 | $2,700 | $2,700 | |
| Sales and Marketing and Other Expenses | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $100 | $100 | $100 | $100 | |
| Depreciation | $78 | $78 | $78 | $78 | $78 | $78 | $78 | $78 | $78 | $78 | $78 | $78 | |
| Leased Equipment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | $50 | |
| Insurance | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | $100 | |
| Rent | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Payroll Taxes | 15% | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $405 | $405 | $405 | $405 | $405 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $3,128 | $3,128 | $3,128 | $3,128 | $3,128 | $3,128 | $3,128 | $3,933 | $3,433 | $3,433 | $3,433 | $3,433 | |
| Profit Before Interest and Taxes | ($3,128) | ($3,128) | ($670) | ($494) | ($330) | ($309) | ($137) | ($820) | $370 | $589 | $790 | $1,111 | |
| EBITDA | ($3,050) | ($3,050) | ($592) | ($416) | ($252) | ($231) | ($59) | ($742) | $448 | $667 | $868 | $1,189 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($3,128) | ($3,128) | ($670) | ($494) | ($330) | ($309) | ($137) | ($820) | $370 | $589 | $790 | $1,111 | |
| Net Profit/Sales | 0.00% | 0.00% | -23.16% | -15.94% | -10.02% | -9.30% | -3.89% | -22.40% | 8.27% | 12.45% | 15.90% | 20.78% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $0 | $1,012 | $1,085 | $1,152 | $1,161 | $1,232 | $1,282 | $1,566 | $1,656 | $1,739 | $1,871 | |
| Cash from Receivables | $0 | $0 | $0 | $63 | $1,884 | $2,019 | $2,140 | $2,160 | $2,290 | $2,398 | $2,914 | $3,081 | |
| Subtotal Cash from Operations | $0 | $0 | $1,012 | $1,147 | $3,036 | $3,179 | $3,372 | $3,442 | $3,856 | $4,054 | $4,652 | $4,952 | |
| Additional Cash Received | |||||||||||||
| Sales 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 | $2,000 | $0 | $0 | $0 | |
| Subtotal Cash Received | $0 | $0 | $1,012 | $1,147 | $3,036 | $3,179 | $3,372 | $3,442 | $5,856 | $4,054 | $4,652 | $4,952 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,700 | $2,700 | $2,700 | $2,700 | $2,700 | |
| Bill Payments | $35 | $1,050 | $1,083 | $2,050 | $2,017 | $1,083 | $2,017 | $1,087 | $2,138 | $1,655 | $1,622 | $688 | |
| Subtotal Spent on Operations | $2,035 | $3,050 | $3,083 | $4,050 | $4,017 | $3,083 | $4,017 | $3,787 | $4,838 | $4,355 | $4,322 | $3,388 | |
| Additional Cash Spent | |||||||||||||
| Sales 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 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $2,035 | $3,050 | $3,083 | $4,050 | $4,017 | $3,083 | $4,017 | $3,787 | $4,838 | $4,355 | $4,322 | $3,388 | |
| Net Cash Flow | ($2,035) | ($3,050) | ($2,071) | ($2,903) | ($980) | $96 | ($645) | ($345) | $1,018 | ($301) | $331 | $1,564 | |
| Cash Balance | $10,715 | $7,665 | $5,594 | $2,691 | $1,711 | $1,807 | $1,162 | $818 | $1,836 | $1,535 | $1,866 | $3,429 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $12,750 | $10,715 | $7,665 | $5,594 | $2,691 | $1,711 | $1,807 | $1,162 | $818 | $1,836 | $1,535 | $1,866 | $3,429 |
| Accounts Receivable | $0 | $0 | $0 | $1,880 | $3,831 | $4,087 | $4,225 | $4,372 | $4,591 | $5,209 | $5,887 | $6,202 | $6,596 |
| Inventory | $0 | $0 | $0 | $566 | $1,101 | $608 | $1,110 | $582 | $1,033 | $1,362 | $1,652 | $907 | $1,105 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $12,750 | $10,715 | $7,665 | $8,040 | $7,624 | $6,406 | $7,142 | $6,116 | $6,442 | $8,407 | $9,074 | $8,975 | $11,131 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 | $2,800 |
| Accumulated Depreciation | $0 | $78 | $156 | $234 | $312 | $390 | $468 | $546 | $624 | $702 | $780 | $858 | $936 |
| Total Long-term Assets | $2,800 | $2,722 | $2,644 | $2,566 | $2,488 | $2,410 | $2,332 | $2,254 | $2,176 | $2,098 | $2,020 | $1,942 | $1,864 |
| Total Assets | $15,550 | $13,437 | $10,309 | $10,606 | $10,112 | $8,816 | $9,474 | $8,370 | $8,618 | $10,505 | $11,094 | $10,917 | $12,995 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $1,015 | $1,015 | $1,982 | $1,982 | $1,015 | $1,982 | $1,015 | $2,083 | $1,600 | $1,600 | $633 | $1,600 |
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $1,015 | $1,015 | $1,982 | $1,982 | $1,015 | $1,982 | $1,015 | $2,083 | $1,600 | $1,600 | $633 | $1,600 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $1,015 | $1,015 | $1,982 | $1,982 | $1,015 | $1,982 | $1,015 | $2,083 | $1,600 | $1,600 | $633 | $1,600 |
| Paid-in Capital | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $19,000 | $19,000 | $19,000 | $19,000 |
| Retained Earnings | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) | ($1,450) |
| Earnings | $0 | ($3,128) | ($6,256) | ($6,926) | ($7,420) | ($7,749) | ($8,058) | ($8,195) | ($9,015) | ($8,645) | ($8,056) | ($7,266) | ($6,155) |
| Total Capital | $15,550 | $12,422 | $9,294 | $8,624 | $8,130 | $7,801 | $7,492 | $7,355 | $6,535 | $8,905 | $9,494 | $10,284 | $11,395 |
| Total Liabilities and Capital | $15,550 | $13,437 | $10,309 | $10,606 | $10,112 | $8,816 | $9,474 | $8,370 | $8,618 | $10,505 | $11,094 | $10,917 | $12,995 |
| Net Worth | $15,550 | $12,422 | $9,294 | $8,624 | $8,130 | $7,801 | $7,492 | $7,355 | $6,535 | $8,905 | $9,494 | $10,284 | $11,395 |
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