PARADISE FOOD - ParadiseFood...

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Paradise Food 2009 2010 Sales £1,696,000 £1,280,000 Cost of Sales £689,600 £666,000 Gross Margin £1,006,400 £614,000 Expenses Payroll £355,350 £408,000 Sales and Marketing and Other Expenses £25,000 £33,000 Depreciation £9,000 £9,500 Renovation Expenses £155,000 £0 Utilities £7,000 £8,000 Rent £35,000 £38,000 Total Operating Expenses £586,350 £496,500 Profit Before Interest and Taxes £420,050 £117,500 Interest Expense £10,775 £8,500 Taxes Incurred £1,500 £35,550 Net Profit £407,775 £73,450
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Paradise Food Pro forma Balance Sheet (as of December 31) 2009 2010 Assets Current Assets Cash £133,541 £184,953 Accounts Receivable £97,800 £108,184 Inventory £75,850 £75,716 Other Current Assets £55,000 £56,000 Total Current Assets £362,191 £424,853 Long-term Assets Long-term Assets £80,000 £80,000 Accumulated Depreciation £25,600 £34,200 Total Long-term Assets
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This note was uploaded on 04/21/2011 for the course BUSINESS AAF001-1 taught by Professor Dr.tony during the Spring '11 term at University of Bedfordshire.

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PARADISE FOOD - ParadiseFood...

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