Canine Critter College
Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Proactive dog training | 0% | $0 | $400 | $1,000 | $1,145 | $1,345 | $1,545 | $2,145 | $2,312 | $2,654 | $2,987 | $3,121 | $3,321 |
| Reactive dog training | 0% | $0 | $332 | $830 | $950 | $1,116 | $1,282 | $1,780 | $1,919 | $2,203 | $2,479 | $2,574 | $2,757 |
| Total Sales | $0 | $732 | $1,830 | $2,095 | $2,461 | $2,827 | $3,925 | $4,231 | $4,857 | $5,466 | $5,695 | $6,078 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Proactive dog parents | $0 | $4 | $10 | $11 | $13 | $15 | $21 | $23 | $27 | $30 | $310 | $332 | |
| Reactive dog parents | $0 | $3 | $8 | $10 | $11 | $13 | $18 | $19 | $22 | $25 | $257 | $276 | |
| Subtotal Direct Cost of Sales | $0 | $7 | $18 | $21 | $25 | $28 | $39 | $42 | $49 | $55 | $568 | $608 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Gerry | 0% | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total People | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Total Payroll | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | 30.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | $0 | $732 | $1,830 | $2,095 | $2,461 | $2,827 | $3,925 | $4,231 | $4,857 | $5,466 | $5,695 | $6,078 | |
| Direct Cost of Sales | $0 | $7 | $18 | $21 | $25 | $28 | $39 | $42 | $49 | $55 | $568 | $608 | |
| Other Production Expenses | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $7 | $18 | $21 | $25 | $28 | $39 | $42 | $49 | $55 | $568 | $608 | |
| Gross Margin | $0 | $725 | $1,812 | $2,074 | $2,437 | $2,799 | $3,886 | $4,189 | $4,808 | $5,412 | $5,127 | $5,470 | |
| Gross Margin % | 0.00% | 99.00% | 99.00% | 99.00% | 99.00% | 99.00% | 99.00% | 99.00% | 99.00% | 99.00% | 90.03% | 90.00% | |
| Expenses | |||||||||||||
| Payroll | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Sales and Marketing and Other Expenses | $80 | $80 | $80 | $80 | $80 | $80 | $80 | $80 | $80 | $80 | $80 | $80 | |
| Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Utilities | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | $75 | |
| Insurance | $130 | $130 | $130 | $130 | $130 | $130 | $130 | $130 | $130 | $130 | $130 | $130 | |
| Rent | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | $800 | |
| Payroll Taxes | 15% | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 | $450 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Operating Expenses | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | $3,535 | |
| Profit Before Interest and Taxes | ($3,535) | ($2,810) | ($1,723) | ($1,461) | ($1,098) | ($736) | $351 | $654 | $1,273 | $1,877 | $1,592 | $1,935 | |
| EBITDA | ($3,535) | ($2,810) | ($1,723) | ($1,461) | ($1,098) | ($736) | $351 | $654 | $1,273 | $1,877 | $1,592 | $1,935 | |
| Interest Expense | $0 | $0 | $0 | $42 | $41 | $39 | $38 | $37 | $36 | $35 | $34 | $32 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($3,535) | ($2,810) | ($1,723) | ($1,502) | ($1,139) | ($775) | $313 | $617 | $1,237 | $1,842 | $1,559 | $1,903 | |
| Net Profit/Sales | 0.00% | -383.92% | -94.17% | -71.70% | -46.27% | -27.42% | 7.97% | 14.57% | 25.48% | 33.70% | 27.37% | 31.31% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | $0 | $732 | $1,830 | $2,095 | $2,461 | $2,827 | $3,925 | $4,231 | $4,857 | $5,466 | $5,695 | $6,078 | |
| Subtotal Cash from Operations | $0 | $732 | $1,830 | $2,095 | $2,461 | $2,827 | $3,925 | $4,231 | $4,857 | $5,466 | $5,695 | $6,078 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| New Current Borrowing | $0 | $0 | $0 | $5,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Received | $0 | $732 | $1,830 | $7,095 | $2,461 | $2,827 | $3,925 | $4,231 | $4,857 | $5,466 | $5,695 | $6,078 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
| Bill Payments | $51 | $1,535 | $1,543 | $1,555 | $1,598 | $1,600 | $1,603 | $1,612 | $1,614 | $1,620 | $1,641 | $2,137 | |
| Subtotal Spent on Operations | $2,051 | $3,535 | $3,543 | $3,555 | $3,598 | $3,600 | $3,603 | $3,612 | $3,614 | $3,620 | $3,641 | $4,137 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | $140 | |
| Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Subtotal Cash Spent | $2,051 | $3,535 | $3,543 | $3,555 | $3,738 | $3,740 | $3,743 | $3,752 | $3,754 | $3,760 | $3,781 | $4,277 | |
| Net Cash Flow | ($2,051) | ($2,803) | ($1,713) | $3,541 | ($1,276) | ($913) | $182 | $478 | $1,102 | $1,707 | $1,914 | $1,801 | |
| Cash Balance | $12,149 | $9,346 | $7,633 | $11,173 | $9,897 | $8,984 | $9,167 | $9,645 | $10,748 | $12,454 | $14,368 | $16,168 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | $14,200 | $12,149 | $9,346 | $7,633 | $11,173 | $9,897 | $8,984 | $9,167 | $9,645 | $10,748 | $12,454 | $14,368 | $16,168 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $14,200 | $12,149 | $9,346 | $7,633 | $11,173 | $9,897 | $8,984 | $9,167 | $9,645 | $10,748 | $12,454 | $14,368 | $16,168 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accumulated Depreciation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $14,200 | $12,149 | $9,346 | $7,633 | $11,173 | $9,897 | $8,984 | $9,167 | $9,645 | $10,748 | $12,454 | $14,368 | $16,168 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $1,484 | $1,491 | $1,502 | $1,544 | $1,547 | $1,549 | $1,559 | $1,560 | $1,565 | $1,570 | $2,065 | $2,103 |
| Current Borrowing | $0 | $0 | $0 | $0 | $5,000 | $4,860 | $4,720 | $4,580 | $4,440 | $4,300 | $4,160 | $4,020 | $3,880 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $1,484 | $1,491 | $1,502 | $6,544 | $6,407 | $6,269 | $6,139 | $6,000 | $5,865 | $5,730 | $6,085 | $5,983 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $1,484 | $1,491 | $1,502 | $6,544 | $6,407 | $6,269 | $6,139 | $6,000 | $5,865 | $5,730 | $6,085 | $5,983 |
| Paid-in Capital | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 |
| Retained Earnings | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) | ($800) |
| Earnings | $0 | ($3,535) | ($6,345) | ($8,069) | ($9,571) | ($10,710) | ($11,485) | ($11,172) | ($10,555) | ($9,318) | ($7,476) | ($5,917) | ($4,014) |
| Total Capital | $14,200 | $10,665 | $7,855 | $6,131 | $4,629 | $3,490 | $2,715 | $3,028 | $3,645 | $4,882 | $6,724 | $8,283 | $10,186 |
| Total Liabilities and Capital | $14,200 | $12,149 | $9,346 | $7,633 | $11,173 | $9,897 | $8,984 | $9,167 | $9,645 | $10,748 | $12,454 | $14,368 | $16,168 |
| Net Worth | $14,200 | $10,665 | $7,855 | $6,131 | $4,629 | $3,490 | $2,715 | $3,028 | $3,645 | $4,882 | $6,724 | $8,283 | $10,186 |
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