Income Projection

Income Projection - 4,198 Total General Expenses $44,800...

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Bent Cycling Author Whitney Clark Date 11/8/2009 Purpose To project Bent Cycling's income statements for the  next five fiscal years
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Bent Cycling Projected Five-Year Income Statement 07/12/2011 Bent Cycling Prepared: 11/7/2009 Projected Five-Year Income Statement Percent Cost of Goods 72% Assumed Tax Rate Year 1 Year 2 Year 3 Year 4 Year 5 Sales Revenue  3,200,000   3,805,463   4,525,483   5,381,737   6,400,000  Cost of Goods Sold  2,304,000   2,739,933   3,258,348   3,874,851   4,608,000  Gross Profit  $896,000   $1,065,530   $1,267,135   $1,506,886   $1,792,000  Accounting  7,000   8,050   9,258   10,646   12,243   21,000   24,150   27,773   31,938   36,729  Insurance  2,000   2,300   2,645   3,042   3,498  Maintenance  4,800   5,520   6,348   7,300   8,395  Utilities  7,600   8,740   10,051   11,559   13,292  Miscellaneous  2,400   2,760   3,174   3,650 
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Unformatted text preview: 4,198 Total General Expenses $44,800 $51,520 $59,248 $68,135 $78,355 Earnings before Interest, Depr. & Tax 851,200 1,014,010 1,207,887 1,438,751 1,713,645 Depreciation Expense Operating Profit Interest Expense Earnings Before Taxes Estimated Tax Net Income Bent Cycling Depreciation of Assets 07/12/2011 Bent Cycling Prepared: 11/7/2009 Depreciation of Assets Initial Asset Value $1,200,000 Salvage Value $400,000 Life of Asset (Years) 15 Year 1 2 3 4 5 Straight-Line (SLN) $53,333 $53,333 $53,333 $53,333 $53,333 Cumulative Depreciation $53,333 $106,667 $160,000 $213,333 $266,667 Depreciation $1,146,667 $1,093,333 $1,040,000 $986,667 $933,333 Declining Balance (DB) $85,200 $79,151 $73,531 $68,310 $63,460 Cumulative Depreciation $85,200 $164,351 $237,882 $306,192 $369,653 Depreciation...
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This note was uploaded on 07/12/2011 for the course NURSING 000 taught by Professor Clark during the Spring '11 term at Alabama.

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Income Projection - 4,198 Total General Expenses $44,800...

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