Igneous Rock Gym
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 | ||
| Unit Sales | |||||||||||||
| Day Pass | 0% | 50 | 85 | 90 | 100 | 110 | 130 | 120 | 115 | 120 | 115 | 120 | 125 |
| Ten Punch Pass | 0% | 5 | 10 | 14 | 16 | 20 | 20 | 18 | 18 | 20 | 20 | 22 | 22 |
| Month Membership | 0% | 15 | 25 | 30 | 35 | 40 | 50 | 45 | 45 | 50 | 50 | 55 | 55 |
| College Month Membership | 0% | 3 | 12 | 15 | 18 | 15 | 20 | 18 | 20 | 20 | 20 | 10 | 10 |
| Three Month Membership | 0% | 8 | 13 | 15 | 10 | 18 | 25 | 12 | 12 | 22 | 15 | 22 | 18 |
| Annual Membership | 0% | 3 | 8 | 10 | 10 | 8 | 15 | 7 | 8 | 8 | 8 | 5 | 5 |
| Annual Pay Plan | 0% | 3 | 6 | 7 | 6 | 5 | 10 | 3 | 4 | 3 | 4 | 5 | 5 |
| College Annual Membership | 0% | 1 | 5 | 8 | 6 | 2 | 6 | 2 | 3 | 5 | 5 | 2 | 2 |
| Family Annual Membership | 0% | 1 | 1 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 3 | 3 | 3 |
| Family Annual Pay Plan | 0% | 1 | 1 | 2 | 2 | 1 | 3 | 1 | 1 | 2 | 2 | 2 | 2 |
| Groups | 0% | 4 | 8 | 10 | 12 | 16 | 14 | 14 | 15 | 15 | 15 | 17 | 17 |
| Lessons | 0% | 4 | 8 | 10 | 10 | 10 | 15 | 12 | 15 | 15 | 12 | 10 | 12 |
| Climb Time | 0% | 3 | 12 | 16 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Junior Program | 0% | 2 | 8 | 4 | 4 | 8 | 8 | 4 | 6 | 8 | 4 | 3 | 6 |
| Summer Camps | 0% | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 | 60 |
| Misc. | 0% | 4 | 3 | 4 | 4 | 8 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Total Unit Sales | 107 | 205 | 237 | 255 | 283 | 342 | 281 | 287 | 313 | 296 | 344 | 365 | |
| Unit Prices | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Day Pass | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | $14.00 | |
| Ten Punch Pass | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | $107.00 | |
| Month Membership | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | $63.00 | |
| College Month Membership | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | $48.00 | |
| Three Month Membership | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | $150.00 | |
| Annual Membership | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | $415.00 | |
| Annual Pay Plan | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | $44.00 | |
| College Annual Membership | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | $355.00 | |
| Family Annual Membership | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | $685.00 | |
| Family Annual Pay Plan | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | $78.00 | |
| Groups | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | $115.00 | |
| Lessons | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | $45.00 | |
| Climb Time | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | $60.00 | |
| Junior Program | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | $225.00 | |
| Summer Camps | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | $147.00 | |
| Misc. | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | $20.00 | |
| Sales | |||||||||||||
| Day Pass | $700 | $1,190 | $1,260 | $1,400 | $1,540 | $1,820 | $1,680 | $1,610 | $1,680 | $1,610 | $1,680 | $1,750 | |
| Ten Punch Pass | $535 | $1,070 | $1,498 | $1,712 | $2,140 | $2,140 | $1,926 | $1,926 | $2,140 | $2,140 | $2,354 | $2,354 | |
| Month Membership | $945 | $1,575 | $1,890 | $2,205 | $2,520 | $3,150 | $2,835 | $2,835 | $3,150 | $3,150 | $3,465 | $3,465 | |
| College Month Membership | $144 | $576 | $720 | $864 | $720 | $960 | $864 | $960 | $960 | $960 | $480 | $480 | |
| Three Month Membership | $1,200 | $1,950 | $2,250 | $1,500 | $2,700 | $3,750 | $1,800 | $1,800 | $3,300 | $2,250 | $3,300 | $2,700 | |
| Annual Membership | $1,245 | $3,320 | $4,150 | $4,150 | $3,320 | $6,225 | $2,905 | $3,320 | $3,320 | $3,320 | $2,075 | $2,075 | |
| Annual Pay Plan | $132 | $264 | $308 | $264 | $220 | $440 | $132 | $176 | $132 | $176 | $220 | $220 | |
| College Annual Membership | $355 | $1,775 | $2,840 | $2,130 | $710 | $2,130 | $710 | $1,065 | $1,775 | $1,775 | $710 | $710 | |
| Family Annual Membership | $685 | $685 | $1,370 | $1,370 | $1,370 | $2,055 | $1,370 | $1,370 | $1,370 | $2,055 | $2,055 | $2,055 | |
| Family Annual Pay Plan | $78 | $78 | $156 | $156 | $78 | $234 | $78 | $78 | $156 | $156 | $156 | $156 | |
| Groups | $460 | $920 | $1,150 | $1,380 | $1,840 | $1,610 | $1,610 | $1,725 | $1,725 | $1,725 | $1,955 | $1,955 | |
| Lessons | $180 | $360 | $450 | $450 | $450 | $675 | $540 | $675 | $675 | $540 | $450 | $540 | |
| Climb Time | $180 | $720 | $960 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 | |
| Junior Program | $450 | $1,800 | $900 | $900 | $1,800 | $1,800 | $900 | $1,350 | $1,800 | $900 | $675 | $1,350 | |
| Summer Camps | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6,615 | $8,820 | |
| Misc. | $80 | $60 | $80 | $80 | $160 | $60 | $60 | $60 | $60 | $60 | $60 | $60 | |
| Total Sales | $7,369 | $16,343 | $19,982 | $19,761 | $20,768 | $28,249 | $18,610 | $20,150 | $23,443 | $22,017 | $27,450 | $29,890 | |
| Direct Unit Costs | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Day Pass | 3.00% | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 | $0.42 |
| Ten Punch Pass | 3.00% | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 | $3.21 |
| Month Membership | 3.00% | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 | $1.89 |
| College Month Membership | 3.00% | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 | $1.44 |
| Three Month Membership | 3.00% | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 | $4.50 |
| Annual Membership | 3.00% | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 | $12.45 |
| Annual Pay Plan | 3.00% | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 | $1.32 |
| College Annual Membership | 3.00% | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 | $10.65 |
| Family Annual Membership | 3.00% | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 | $20.55 |
| Family Annual Pay Plan | 3.00% | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 | $2.34 |
| Groups | 6.00% | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 | $6.90 |
| Lessons | 3.00% | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 | $1.35 |
| Climb Time | 3.00% | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 | $1.80 |
| Junior Program | 3.00% | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 | $6.75 |
| Summer Camps | 30.00% | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 | $44.10 |
| Misc. | 50.00% | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 | $10.00 |
| Direct Cost of Sales | |||||||||||||
| Day Pass | $21 | $36 | $38 | $42 | $46 | $55 | $50 | $48 | $50 | $48 | $50 | $53 | |
| Ten Punch Pass | $16 | $32 | $45 | $51 | $64 | $64 | $58 | $58 | $64 | $64 | $71 | $71 | |
| Month Membership | $28 | $47 | $57 | $66 | $76 | $95 | $85 | $85 | $95 | $95 | $104 | $104 | |
| College Month Membership | $4 | $17 | $22 | $26 | $22 | $29 | $26 | $29 | $29 | $29 | $14 | $14 | |
| Three Month Membership | $36 | $59 | $68 | $45 | $81 | $113 | $54 | $54 | $99 | $68 | $99 | $81 | |
| Annual Membership | $37 | $100 | $125 | $125 | $100 | $187 | $87 | $100 | $100 | $100 | $62 | $62 | |
| Annual Pay Plan | $4 | $8 | $9 | $8 | $7 | $13 | $4 | $5 | $4 | $5 | $7 | $7 | |
| College Annual Membership | $11 | $53 | $85 | $64 | $21 | $64 | $21 | $32 | $53 | $53 | $21 | $21 | |
| Family Annual Membership | $21 | $21 | $41 | $41 | $41 | $62 | $41 | $41 | $41 | $62 | $62 | $62 | |
| Family Annual Pay Plan | $2 | $2 | $5 | $5 | $2 | $7 | $2 | $2 | $5 | $5 | $5 | $5 | |
| Groups | $28 | $55 | $69 | $83 | $110 | $97 | $97 | $103 | $103 | $103 | $117 | $117 | |
| Lessons | $5 | $11 | $13 | $13 | $13 | $20 | $16 | $20 | $20 | $16 | $13 | $16 | |
| Climb Time | $5 | $22 | $29 | $36 | $36 | $36 | $36 | $36 | $36 | $36 | $36 | $36 | |
| Junior Program | $14 | $54 | $27 | $27 | $54 | $54 | $27 | $41 | $54 | $27 | $20 | $41 | |
| Summer Camps | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1,985 | $2,646 | |
| Misc. | $40 | $30 | $40 | $40 | $80 | $30 | $30 | $30 | $30 | $30 | $30 | $30 | |
| Subtotal Direct Cost of Sales | $272 | $546 | $672 | $672 | $753 | $924 | $635 | $684 | $783 | $740 | $2,696 | $3,365 | |
| 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 | ||
| Manager | 0% | $2,800 | $2,700 | $2,550 | $2,650 | $2,650 | $2,650 | $2,400 | $2,800 | $2,400 | $2,650 | $2,650 | $2,550 |
| Front Desk/Instructors | 0% | $3,850 | $4,000 | $4,100 | $3,800 | $3,900 | $4,000 | $3,700 | $4,100 | $3,950 | $4,100 | $4,000 | $4,100 |
| Total People | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Total Payroll | $6,650 | $6,700 | $6,650 | $6,450 | $6,550 | $6,650 | $6,100 | $6,900 | $6,350 | $6,750 | $6,650 | $6,650 | |
| 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 | $7,369 | $16,343 | $19,982 | $19,761 | $20,768 | $28,249 | $18,610 | $20,150 | $23,443 | $22,017 | $27,450 | $29,890 | |
| Direct Cost of Sales | $272 | $546 | $672 | $672 | $753 | $924 | $635 | $684 | $783 | $740 | $2,696 | $3,365 | |
| Other Costs of Sales | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Total Cost of Sales | $572 | $846 | $972 | $972 | $1,053 | $1,224 | $935 | $984 | $1,083 | $1,040 | $2,996 | $3,665 | |
| Gross Margin | $6,797 | $15,497 | $19,010 | $18,789 | $19,715 | $27,025 | $17,675 | $19,166 | $22,360 | $20,977 | $24,454 | $26,225 | |
| Gross Margin % | 92.23% | 94.82% | 95.14% | 95.08% | 94.93% | 95.67% | 94.98% | 95.11% | 95.38% | 95.27% | 89.08% | 87.74% | |
| Expenses | |||||||||||||
| Payroll | $6,650 | $6,700 | $6,650 | $6,450 | $6,550 | $6,650 | $6,100 | $6,900 | $6,350 | $6,750 | $6,650 | $6,650 | |
| Marketing/Promotion | $500 | $400 | $200 | $200 | $250 | $300 | $200 | $200 | $250 | $250 | $200 | $200 | |
| Depreciation | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Rent | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | $4,400 | |
| Utilities | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
| Insurance | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | $1,100 | |
| Payroll Taxes | 15% | $998 | $1,005 | $998 | $968 | $983 | $998 | $915 | $1,035 | $953 | $1,013 | $998 | $998 |
| Other | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
| Total Operating Expenses | $14,648 | $14,605 | $14,348 | $14,118 | $14,283 | $14,448 | $13,715 | $14,635 | $14,053 | $14,513 | $14,348 | $14,348 | |
| Profit Before Interest and Taxes | ($7,851) | $892 | $4,663 | $4,672 | $5,432 | $12,578 | $3,960 | $4,531 | $8,307 | $6,464 | $10,106 | $11,878 | |
| EBITDA | ($7,551) | $1,192 | $4,963 | $4,972 | $5,732 | $12,878 | $4,260 | $4,831 | $8,607 | $6,764 | $10,406 | $12,178 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | ($2,355) | $268 | $1,399 | $1,402 | $1,630 | $3,773 | $1,188 | $1,359 | $2,492 | $1,939 | $3,032 | $3,563 | |
| Net Profit | ($5,496) | $624 | $3,264 | $3,270 | $3,802 | $8,804 | $2,772 | $3,171 | $5,815 | $4,525 | $7,074 | $8,314 | |
| Net Profit/Sales | -74.58% | 3.82% | 16.33% | 16.55% | 18.31% | 31.17% | 14.90% | 15.74% | 24.81% | 20.55% | 25.77% | 27.82% | |
| 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 | $7,369 | $16,343 | $19,982 | $19,761 | $20,768 | $28,249 | $18,610 | $20,150 | $23,443 | $22,017 | $27,450 | $29,890 | |
| Subtotal Cash from Operations | $7,369 | $16,343 | $19,982 | $19,761 | $20,768 | $28,249 | $18,610 | $20,150 | $23,443 | $22,017 | $27,450 | $29,890 | |
| 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 | $0 | $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 | $7,369 | $16,343 | $19,982 | $19,761 | $20,768 | $28,249 | $18,610 | $20,150 | $23,443 | $22,017 | $27,450 | $29,890 | |
| 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 | $12,565 | $15,419 | $16,418 | $16,191 | $16,666 | $19,145 | $15,538 | $16,679 | $17,328 | $17,192 | $20,076 | $21,276 | |
| Subtotal Spent on Operations | $12,565 | $15,419 | $16,418 | $16,191 | $16,666 | $19,145 | $15,538 | $16,679 | $17,328 | $17,192 | $20,076 | $21,276 | |
| 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 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| 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 | $12,565 | $15,419 | $16,418 | $16,191 | $16,666 | $19,145 | $15,538 | $16,679 | $17,328 | $17,192 | $20,076 | $21,276 | |
| Net Cash Flow | ($5,196) | $924 | $3,564 | $3,570 | $4,102 | $9,104 | $3,072 | $3,471 | $6,115 | $4,825 | $7,374 | $8,614 | |
| Cash Balance | $17,804 | $18,729 | $22,293 | $25,863 | $29,965 | $39,070 | $42,142 | $45,613 | $51,728 | $56,553 | $63,927 | $72,542 | |
| 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 | $23,000 | $17,804 | $18,729 | $22,293 | $25,863 | $29,965 | $39,070 | $42,142 | $45,613 | $51,728 | $56,553 | $63,927 | $72,542 |
| Other Current Assets | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 |
| Total Current Assets | $25,000 | $19,804 | $20,729 | $24,293 | $27,863 | $31,965 | $41,070 | $44,142 | $47,613 | $53,728 | $58,553 | $65,927 | $74,542 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 | $90,000 |
| Accumulated Depreciation | $0 | $300 | $600 | $900 | $1,200 | $1,500 | $1,800 | $2,100 | $2,400 | $2,700 | $3,000 | $3,300 | $3,600 |
| Total Long-term Assets | $90,000 | $89,700 | $89,400 | $89,100 | $88,800 | $88,500 | $88,200 | $87,900 | $87,600 | $87,300 | $87,000 | $86,700 | $86,400 |
| Total Assets | $115,000 | $109,504 | $110,129 | $113,393 | $116,663 | $120,465 | $129,270 | $132,042 | $135,213 | $141,028 | $145,553 | $152,627 | $160,942 |
| 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 | |||||||||||||
| Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Subtotal Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Paid-in Capital | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 | $140,000 |
| Retained Earnings | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) | ($25,000) |
| Earnings | $0 | ($5,496) | ($4,871) | ($1,607) | $1,663 | $5,465 | $14,270 | $17,042 | $20,213 | $26,028 | $30,553 | $37,627 | $45,942 |
| Total Capital | $115,000 | $109,504 | $110,129 | $113,393 | $116,663 | $120,465 | $129,270 | $132,042 | $135,213 | $141,028 | $145,553 | $152,627 | $160,942 |
| Total Liabilities and Capital | $115,000 | $109,504 | $110,129 | $113,393 | $116,663 | $120,465 | $129,270 | $132,042 | $135,213 | $141,028 | $145,553 | $152,627 | $160,942 |
| Net Worth | $115,000 | $109,504 | $110,129 | $113,393 | $116,663 | $120,465 | $129,270 | $132,042 | $135,213 | $141,028 | $145,553 | $152,627 | $160,942 |
| 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 | |
By 
