80000 Balances End of 91163 79257 140710 Requireme Sales Increase

80000 balances end of 91163 79257 140710 requireme

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80,000 Balances End of June 30, 2020 $ 91,163 $ 79,257
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$ 140,710
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Requireme Sales Increase in sales (per moth) Cost of Good Sold Cash Sales Receive in Same Month Receive in Next Month Receive in 2nd next month July Total - 6 Months $ 402,029 $ 2,040,574 Inventory $ 201,014 $ 1,020,287 Ending Inventory Requirement $ 201,014 $ 1,020,287 Beginning Inventory Account Payable Payable Same Month July Total - 6 Months $ 140,000 Payable Next Month $ 241,217 $ 1,224,344 $ 120,000 Cash Budget $ 126,000 Cash Beginning Balance $ 132,300 Commission on Sales $ 138,915 Rent $ 14,586 $ 131,275 Operating Expense on sales $ 61,262 $ 76,577 Interest per month $ 317,065 $ 2,089,411 Minimum Cash Balance - Requirement Depreciation Expense Repair - Building July Total - 6 Months $ 201,014 $ 1,020,287 $ 140,710 $ 1,160,997 $ 105,000 $ 1,055,997
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July Total - 6 Months $ 65,000 $ 155,250 $ 163,013 $ 171,163 $ 179,721 $ 188,707 $ 79,257 $ 118,886 $ 1,041,740 Total - 6 Months $ 40,000 $ 2,089,411 $ 2,129,411 $ 1,041,740 $ 612,172 $ 612,172 $ 30,000 $ 10,000 $ 2,306,084 $ (176,673) $ 260,733 $ - $ 4,060 $ 256,673 $ 80,000
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ents 5.00% 50.00% 60.00% 50.00% 40% 10% 70% $ 105,000 60% 40% $ 40,000.00 30% $ 5,000.00 30% 0.5000% $ 80,000.00 $ 2,500.00 $ 10,000.00
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PROFORMA INCOME STATEMENT - 6 MONTHS OF OPER Period January February March Sales $ 300,000 $ 315,000 $ 330,750 Cost of Goods Sold $ 150,000 $ 157,500 $ 165,375 Gross Profit $ 150,000 $ 157,500 $ 165,375 OPERATING EXPENSES Rent $ 5,000 $ 5,000 $ 5,000 Depreciation Expense $ 2,500 $ 2,500 $ 2,500 Commission Expense $ 90,000 $ 94,500 $ 99,225 Other Operating Expense $ 90,000 $ 94,500 $ 99,225 Interest Expense $ 16 $ 337 $ 562 Repair - Building $ 10,000 TOTAL OPERATING EXPENSE $ 187,516 $ 206,837 $ 206,512 NET INCOME $ (37,516) $ (49,337) $ (41,137)
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RATIONS - 2020 April May June $ 347,288 $ 364,652 $ 382,884 $ 173,644 $ 182,326 $ 191,442 $ 173,644 $ 182,326 $ 191,442 $ 5,000 $ 5,000 $ 5,000 $ 2,500 $ 2,500 $ 2,500 $ 104,186 $ 109,396 $ 114,865 $ 104,186 $ 109,396 $ 114,865 $ 797 $ 1,044 $ 1,304 $ 216,670 $ 227,335 $ 238,534 $ (43,026) $ (45,010) $ (47,092)
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SUNNY DAYS INCOME STATEMENT For the Half Year Ended June 30, 2020 Sales $ 2,040,574 Cost of Good Sold $ 1,020,287 Gross Profit $ 1,020,287 OPERATING EXPENSE Rent $ 30,000 Depreciation expense $ 15,000 Commission Expense $ 612,172 Other Operating Expense $ 612,172 Interest Expense $ 4,060 Repair $ 10,000 TOTAL OPERATING EXPENSE $ 1,283,404 NET INCOME $ (263,117)
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Period January Sales $ 300,000 Cost of Goods Sold $ 120,000 Gross Profit $ 180,000 Period January Account Receivable - Dec & Nov, 2019 $ 140,000 Cash Sales $ 150,000 January $ 75,000 February March April
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  • Winter '17
  • Revenue, Expense, Generally Accepted Accounting Principles, Goods Sold

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