Software Direct_Financials_Solutions

Software Direct_Financials_Solutions - Y1Q1 Current Assets...

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SoftwareDirect Balance Sheet Y1Q1 Y1Q2 Y1Q3 Y1Q4 Y1 Current Assets Cash and Cash Equivalents 22,575.00 21,550.00 21,025.00 20,900.00 41,800.00 Total Current Assets 22,575.00 21,550.00 21,025.00 20,900.00 41,800.00 Non-Current Assests Equipment and Servers 12,789.00 11,889.00 10,989.00 10,089.00 9,189.00 Less Accumulated Depreciation (900.00) (900.00) (900.00) (900.00) (3,600.00) Total Non-Current Assets 11,889.00 10,989.00 10,089.00 9,189.00 5,589.00 Total Assets 34,464.00 32,539.00 31,114.00 30,089.00 47,389.00 Liabilities Accounts Payable 600.00 1,000.00 1,500.00 1,900.00 5,000.00 Total liabilities 600.00 1,000.00 1,500.00 1,900.00 5,000.00 Owner's Equity 33,864.00 31,539.00 29,614.00 28,189.00 42,389.00 Total Liabilities and Owner's Equity 34,464.00 32,539.00 31,114.00 30,089.00 47,389.00
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In Y2 Y3 Y4 Y5 Year 1 Revenue 47,350.00 63,755.00 57,980.00 84,980.00 Software Sales 3,000.00 47,350.00 63,755.00 57,980.00 84,980.00 Advertising Sales 2,000.00 Total Revenues 5,000.00 5,589.00 1,989.00 7,785.00 4,185.00 Operating Expenses (3,600.00) (3,600.00) (3,600.00) (3,600.00) Office Rent - 1,989.00 (1,611.00) 4,185.00 585.00 Utilities 2,400.00 Internet Connection 4,200.00 49,339.00 62,144.00 62,165.00 85,565.00 Maintenance * 1,000.00 Depreciation 2,200.00 Office Supplies 500.00 15,000.00 32,000.00 44,000.00 57,000.00 Total Operating Expense 10,300.00 15,000.00 32,000.00 44,000.00 57,000.00 Profit (Loss) Pretax (5,300.00) 34,339.00 30,144.00 18,165.00 28,565.00 Taxes (35%) - 49,339.00 62,144.00 62,165.00 85,565.00 Net Profit /(Loss) (5,300.00) *Includes free trials and webspace.
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SoftwareDirect come Statement Quarter Year 2 Year 3 Year 4 Year 5 Y1Q1 Cash Receipts 10,000.00 22,000.00 31,000.00 40,000.00 Software Sales 500.00 5,000.00 10,000.00 13,000.00 17,000.00 Advertising Sales 100.00 15,000.00 32,000.00 34,000.00 57,000.00 Total 600.00 Cash Disbursements - - 8,400.00 8,400.00 Rent - 2,600.00 2,800.00 3,000.00 3,200.00 Utilities 600.00 4,200.00 4,200.00 4,200.00 4,200.00 Internet Connection 1,050.00 1,000.00 1,000.00 1,500.00 1,500.00 Maintenance 250.00 1,760.00 1,408.00 3,226.00 2,661.00 Office Supplies 125.00 600.00 700.00 800.00 900.00 Total 2,025.00 10,160.00 10,108.00 21,126.00 20,861.00 Net Cash (1,425.00) 4,840.00 21,892.00 12,874.00 36,139.00 Cumalitive Cash (1,425.00) 1,694.00 7,662.20 4,505.90 12,648.65 Quarter 3,146.00 14,229.80 8,368.10 23,490.35 Y2Q1 Cash Receipts Software Sales 1,300.00 Advertising Sales 1,000.00 Total 2,300.00 Cash Disbursements Salaries and Wages - Rent - Utilities 650.00 Internet Connection 1,050.00 Maintenance
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This homework help was uploaded on 02/19/2009 for the course NBA 3000 taught by Professor Bendaniel,david during the Spring '08 term at Cornell.

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Software Direct_Financials_Solutions - Y1Q1 Current Assets...

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