Scholarship Assist
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 | |||||||||||||
| Sure Things | 0% | $0 | $0 | $878 | $2,132 | $3,323 | $4,234 | $4,989 | $5,234 | $5,565 | $5,989 | $6,343 | $7,767 |
| Questionables | 0% | $0 | $0 | $808 | $1,961 | $3,057 | $3,895 | $4,590 | $4,815 | $5,120 | $5,510 | $5,836 | $7,146 |
| Total Sales | $0 | $0 | $1,686 | $4,093 | $6,380 | $8,129 | $9,579 | $10,049 | $10,685 | $11,499 | $12,179 | $14,913 | |
| 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 | |
| Sure Things | $0 | $0 | $123 | $298 | $465 | $593 | $698 | $733 | $779 | $838 | $888 | $1,087 | |
| Questionables | $0 | $0 | $113 | $275 | $428 | $545 | $643 | $674 | $717 | $771 | $817 | $1,000 | |
| Subtotal Direct Cost of Sales | $0 | $0 | $236 | $573 | $893 | $1,138 | $1,341 | $1,407 | $1,496 | $1,610 | $1,705 | $2,088 | |
| 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 | ||
| Steve | 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 |
| Researcher | 0% | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Account Manager | 0% | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Account Manager | 0% | $0 | $0 | $0 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
| Total People | 1 | 2 | 2 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |
| Total Payroll | $2,000 | $3,500 | $3,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | |
| 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 | $0 | $1,686 | $4,093 | $6,380 | $8,129 | $9,579 | $10,049 | $10,685 | $11,499 | $12,179 | $14,913 | |
| Direct Cost of Sales | $0 | $0 | $236 | $573 | $893 | $1,138 | $1,341 | $1,407 | $1,496 | $1,610 | $1,705 | $2,088 | |
| Other Costs of Sales | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Total Cost of Sales | $0 | $0 | $236 | $573 | $893 | $1,138 | $1,341 | $1,407 | $1,496 | $1,610 | $1,705 | $2,088 | |
| Gross Margin | $0 | $0 | $1,450 | $3,520 | $5,487 | $6,991 | $8,238 | $8,642 | $9,189 | $9,889 | $10,474 | $12,825 | |
| Gross Margin % | 0.00% | 0.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | 86.00% | |
| Expenses | |||||||||||||
| Payroll | $2,000 | $3,500 | $3,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | |
| Sales and Marketing and Other Expenses | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | $350 | |
| Depreciation | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | $167 | |
| Rent | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | |
| Utilities | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Insurance | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
| Payroll Taxes | 15% | $300 | $525 | $525 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 | $975 |
| Other | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | $150 | |
| Total Operating Expenses | $3,967 | $5,692 | $5,692 | $9,142 | $9,142 | $9,142 | $9,142 | $9,142 | $9,142 | $9,142 | $9,142 | $9,142 | |
| Profit Before Interest and Taxes | ($3,967) | ($5,692) | ($4,242) | ($5,622) | ($3,655) | ($2,151) | ($904) | ($500) | $47 | $747 | $1,332 | $3,683 | |
| EBITDA | ($3,800) | ($5,525) | ($4,075) | ($5,455) | ($3,488) | ($1,984) | ($737) | ($333) | $214 | $914 | $1,499 | $3,850 | |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Taxes Incurred | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Profit | ($3,967) | ($5,692) | ($4,242) | ($5,622) | ($3,655) | ($2,151) | ($904) | ($500) | $47 | $747 | $1,332 | $3,683 | |
| Net Profit/Sales | 0.00% | 0.00% | -251.65% | -137.33% | -57.29% | -26.46% | -9.44% | -4.97% | 0.44% | 6.50% | 10.93% | 24.70% | |
| 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 | $0 | $1,686 | $4,093 | $6,380 | $8,129 | $9,579 | $10,049 | $10,685 | $11,499 | $12,179 | $14,913 | |
| Subtotal Cash from Operations | $0 | $0 | $1,686 | $4,093 | $6,380 | $8,129 | $9,579 | $10,049 | $10,685 | $11,499 | $12,179 | $14,913 | |
| 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 | $0 | $0 | $1,686 | $4,093 | $6,380 | $8,129 | $9,579 | $10,049 | $10,685 | $11,499 | $12,179 | $14,913 | |
| 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 | $3,500 | $3,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | $6,500 | |
| Bill Payments | $60 | $1,808 | $2,033 | $2,287 | $3,059 | $3,376 | $3,620 | $3,818 | $3,885 | $3,975 | $4,088 | $4,193 | |
| Subtotal Spent on Operations | $2,060 | $5,308 | $5,533 | $8,787 | $9,559 | $9,876 | $10,120 | $10,318 | $10,385 | $10,475 | $10,588 | $10,693 | |
| 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 | $2,060 | $5,308 | $5,533 | $8,787 | $9,559 | $9,876 | $10,120 | $10,318 | $10,385 | $10,475 | $10,588 | $10,693 | |
| Net Cash Flow | ($2,060) | ($5,308) | ($3,847) | ($4,694) | ($3,179) | ($1,747) | ($541) | ($269) | $300 | $1,024 | $1,591 | $4,220 | |
| Cash Balance | $20,290 | $14,983 | $11,135 | $6,442 | $3,263 | $1,516 | $975 | $706 | $1,006 | $2,030 | $3,621 | $7,841 | |
| 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 | $22,350 | $20,290 | $14,983 | $11,135 | $6,442 | $3,263 | $1,516 | $975 | $706 | $1,006 | $2,030 | $3,621 | $7,841 |
| Other Current Assets | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 | $1,300 |
| Total Current Assets | $23,650 | $21,590 | $16,283 | $12,435 | $7,742 | $4,563 | $2,816 | $2,275 | $2,006 | $2,306 | $3,330 | $4,921 | $9,141 |
| Long-term Assets | |||||||||||||
| Long-term Assets | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Accumulated Depreciation | $0 | $167 | $334 | $501 | $668 | $835 | $1,002 | $1,169 | $1,336 | $1,503 | $1,670 | $1,837 | $2,004 |
| Total Long-term Assets | $10,000 | $9,833 | $9,666 | $9,499 | $9,332 | $9,165 | $8,998 | $8,831 | $8,664 | $8,497 | $8,330 | $8,163 | $7,996 |
| Total Assets | $33,650 | $31,423 | $25,949 | $21,934 | $17,074 | $13,728 | $11,814 | $11,106 | $10,670 | $10,803 | $11,660 | $13,084 | $17,137 |
| 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 | $1,740 | $1,958 | $2,186 | $2,946 | $3,256 | $3,493 | $3,689 | $3,753 | $3,839 | $3,949 | $4,041 | $4,411 |
| 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 | $1,740 | $1,958 | $2,186 | $2,946 | $3,256 | $3,493 | $3,689 | $3,753 | $3,839 | $3,949 | $4,041 | $4,411 |
| Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $0 | $1,740 | $1,958 | $2,186 | $2,946 | $3,256 | $3,493 | $3,689 | $3,753 | $3,839 | $3,949 | $4,041 | $4,411 |
| Paid-in Capital | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 |
| Retained Earnings | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) | ($11,350) |
| Earnings | $0 | ($3,967) | ($9,659) | ($13,901) | ($19,523) | ($23,178) | ($25,329) | ($26,233) | ($26,733) | ($26,686) | ($25,939) | ($24,607) | ($20,924) |
| Total Capital | $33,650 | $29,683 | $23,991 | $19,749 | $14,127 | $10,472 | $8,321 | $7,417 | $6,917 | $6,964 | $7,711 | $9,043 | $12,726 |
| Total Liabilities and Capital | $33,650 | $31,423 | $25,949 | $21,934 | $17,074 | $13,728 | $11,814 | $11,106 | $10,670 | $10,803 | $11,660 | $13,084 | $17,137 |
| Net Worth | $33,650 | $29,683 | $23,991 | $19,749 | $14,127 | $10,472 | $8,321 | $7,417 | $6,917 | $6,964 | $7,711 | $9,043 | $12,726 |
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