Lab 3-1 August Online Technology Eight-Year Financial Projection - August Online Technology Sales Cost of Goods Gross Margins $50,373,252.50

Lab 3-1 August Online Technology Eight-Year Financial Projection

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August Online Technology Eight-Year Financial Prpojection X Sales $50,373,252.50 $53,570,694.70 $56,971,094.54 $60,587,334.77 Cost of Goods 35,311,650.00 37,553,056.98 39,936,737.28 42,471,721.67 Gross Margins $15,061,602.50 $16,017,637.71 $17,034,357.27 $18,115,613.10 Expenses Advertising $4,031,110.20 $4,286,905.58 $4,558,937.56 $4,848,236.78 Maintenance 500,000.00 600,000.00 440,000.00 520,000.00 Rent 1,000,000.00 1,065,000.00 1,134,225.00 1,207,949.63 Salaries 6,044,790.30 6,428,483.36 6,836,531.35 7,270,480.17 Shipping 1,813,437.09 1,928,545.01 2,050,959.40 2,181,144.05 Supplies 604,479.03 642,848.34 683,653.13 727,048.02 Web Services 85,000.00 90,100.00 95,506.00 101,236.36 $14,078,816.62 $15,041,882.29 $15,799,812.45 $16,856,095.01 Operating Income $982,785.88 $975,755.43 $1,234,544.82 $1,259,518.09 Income Tax 324,319.34 321,999.29 407,399.79 415,640.97 Net income $658,466.54 $653,756.14 $827,145.03 $843,877.12 Assumptions Units Sold in Prior Year 235,411 Unit Cost $150.00 Annual Sales Growth 3.25% Annual Price Increse 3.00% Margin

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