L0201+Lecture+2+OneNote.pdf

Monthly bank loan 300000 450000 574553 574553 bank

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Monthly Bank Loan 300,000 450,000 574,553 574,553 Bank Loan Interest (@ 10%) 30,000 45,000 57,455 57,455 Total Interest Paid 46,024 61,024 73,479 73,479 6,123 LT Debt 200,300 200,300 200,300 200,300 LT Debt Interest 16,024 16,024 16,024 16,024 LT Debt Interest Rate 8.0% 8.0% 8.0% 8.0% Operating Expenses 2015 2016 Monthly Quarterly Sales 6,100,000 7,625,000 Salaries 610,000 10.0% 762,500 63,542 Utilities 16,000 0.3% 20,000 1,667 Other Expenses 61,000 1.0% 76,250 6,354 Taxes 155,582 2.6% 194,478 16,206 48,619 L0201 Page 7
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