Budget Assumptions: Level 7 Boutique

Budget Assumptions (Year 1 by month)
Level 7 Boutique Company Name Revision Date 01/15/09
1 First Month of Budget year (1=January, 12 = December)

2009 First Fiscal Year
Sales Assumptions Level 7 Boutique

For each sales item Projection Methods:
listed in column A S = Seasonal/Specific Values. Use Corresponding Line in 'Specific Monthly Values' Section Below.
below, enter S, P or D P = Annual Growth Percent. Use Corresponding Lines in 'First Month Starting $' and 'Annual Growth Percent' Sections Below.
as the projection D = Monthly Dollar Increase. Use Corresponding Lines in 'First Month Starting $' and 'Monthly Dollar Increase' Sections Below.
method in column B. N = Not Used.
For any unused lines,
enter N in column B.
Projection First Month Annual Monthly $ Projection Specific First Month Annual Monthly
Method Starting $ Growth % Increase Method Values Starting $ Growth % Increase
Sales Item (S,P,D,N) (Method P,D) (Method P) (Method D) Any Note? Note Note Note Note Note
Product/Service A S
Product/Service B P $1,000 See note=> <- Enter Gro
Product/Service C D See note=> <- Enter Star
Product/Service D N
Product/Service E N
Product/Service F N
Product/Service G N
Product/Service H N
Product/Service I N
Product/Service J N
Estimated Annual Growth Rates Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Sales Growth % Growth % Growth % Growth %
Product/Service A
Product/Service B
Product/Service C
Product/Service D
Product/Service E
Product/Service F
Product/Service G
Product/Service H
Product/Service I
Product/Service J
Sales Continued
Sales: Specific Monthly Values
(Method S Only) Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1
Product/Service A $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,500 $5,000 $6,000 $6,500 $7,200 $11,000 $53,700
Product/Service B $0
Product/Service C $0
Product/Service D $0
Product/Service E $0
Product/Service F $0
Product/Service G $0
Product/Service H $0
Product/Service I $0
Product/Service J $0
$1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,500 $5,000 $6,000 $6,500 $7,200 $11,000 $53,700
Sales: Specific Values- Years 2-5

(Method S Only) Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Product/Service A $18,000 $17,000 $17,000 $24,000 $76,000 $29,000 $34,000 $38,000 $45,000 $146,000 $150,000 $200,000
Product/Service B $0 $0
Product/Service C $0 $0
Product/Service D $0 $0
Product/Service E $0 $0
Product/Service F $0 $0
Product/Service G $0 $0
Product/Service H $0 $0
Product/Service I $0 $0
Product/Service J $0 $0
$18,000 $17,000 $17,000 $24,000 $76,000 $29,000 $34,000 $38,000 $45,000 $146,000 $150,000 $200,000
Alternate Sales Forecast - Optional
Helpful Hint - Completing this optional Alternate Sales Forecast section automatically fills in your
Assumptions Justification worksheet which is important for convincing others of your true potential.
The sales assumptions you have just completed have a tremendous impact on both your financial plan and your business.
The Assumptions Justification worksheet enables you to double check those assumptions using two methods.
One is based on Market Share and the other is based on Primary Units.
Investing the time to complete this optional section and revising your assumptions, if necessary, may save
you more time later; plus, it will help to justify and defend your sales assumptions to a potential lender / investor.
The numbers you include on the Alternate Sales Forecast will be directly reflected on the
Assumptions Justification Worksheet.
Fiscal Year 1 Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Total size of market for your products/services ($1,000s)
Anticipated market share
Resulting total revenue $0 $0 $0 $0 $0
Number of primary units to be sold
Average price of a primary unit sold
Average amount of add'l sold per primary unit
Resulting total revenue $0 $0 $0 $0 $0
Helpful Hint - Print and Review the Assumptions Justification Spreadsheet.

The Assumptions Justification spreadsheet compares the sales from the Market Share method and the Primary Unit method
to the sales projected in your business plan. Positive variances at the bottom of Assumptions Justification
spreadsheet indicate that your business plan projections are more conservative than the alternate methods.
This means that your business plan assumptions are lower, or easier to achieve, than the two alternate methods.
After reviewing the Assumptions Justification spreadsheet, reconsider your original sales projections
and revise them, as appropriate.
Cost of Goods Sold First Percent COGS Calculated

Month -OR- of Material Percentage Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Material Dollars Sales Note Of Sales % of Sales % of Sales % of Sales % of Sales
Product/Service A $400 40.00% 65.00% 65.00% 70.00% 70.00%
Product/Service B Check yrs 2-5 0.00%
Product/Service C Check yrs 2-5 0.00%
Product/Service D 0.00%
Product/Service E 0.00%
Product/Service F 0.00%
Product/Service G 0.00%
Product/Service H 0.00%
Product/Service I 0.00%
Product/Service J 0.00%
First Percent COGS Calculated

Month -OR- of Labor Percentage Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Labor Dollars Sales Note Of Sales % of Sales % of Sales % of Sales % of Sales
Product/Service A $0 0.00% 10.00% 15.00% 20.00% 25.00%
Product/Service B Check yrs2-5 0.00%
Product/Service C Check yrs2-5 0.00%
Product/Service D 0.00%
Product/Service E 0.00%
Product/Service F 0.00%
Product/Service G 0.00%
Product/Service H 0.00%
Product/Service I 0.00%
Product/Service J 0.00%
Fixed COGS Fixed COGS Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Fixed COGS Allocation Allocation Note % of Total % of Total % of Total % of Total
Product/Service A 100.00% These percents allocate 100.00% 100.00% 100.00% 100.00%
Product/Service B Check yrs2-5 the Fixed COGS among
Product/Service C Check yrs2-5 your product lines.
Product/Service D When in doubt, divide
Product/Service E 100% by the number of
Product/Service F product lines used & use
Product/Service G that percent for each.
Product/Service H The total must equal 100%.
Product/Service I
Product/Service J
100.00% 100.00% 100.00% 100.00% 100.00%
Cost of Goods Sold Continued
Fixed Cost of Goods & Services Projection First Month Annual Monthly $ Projection Specific First Month Annual Monthly
Fixed COGS: Projection Method (S,P,D,N) (Method P,D) (Method P) (Method D) Any Note? Note Note Note Note Note
Production Management Salaries S See note=> *Enter Valu
Production Facility Expense P See note=> <- Enter Star <- Enter Gro
Production Equipment Rental N
Small Tools / Supplies D See note=> <- Enter Star
Packaging Supplies P See note=> <- Enter Star <- Enter Gro
Other Production Expenses N
Estimated Annual Growth Rates: Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Fixed COGS Growth % Growth % Growth % Growth %
Production Management Salaries
Production Facility Expense 0% 0% 0% 0%
Production Equipment Rental 0% 0% 0% 0%
Small Tools / Supplies 0% 0% 0% 0%
Packaging Supplies 0% 0% 0% 0%
Other Production Expenses
Fixed COGS: Specific Monthly Values

Production Management Salaries $0
Production Facility Expense $0
Production Equipment Rental $0
Small Tools / Supplies $0
Packaging Supplies $0
Other Production Expenses $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Fixed COGS: Specific Values- Years 2-5

Production Management Salaries $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Production Facility Expense $0 $0
Production Equipment Rental $0 $0
Small Tools / Supplies $0 $0
Packaging Supplies $0 $0
Other Production Expenses $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Operating Expense Assumptions

Sales & Marketing Projection First Month Annual Monthly $ Projection Specific First Month Annual Monthly
Sales & Marketing: Projection Method (S,P,D,N) (Method P,D) (Method P) (Method D) Any Note? Note Note Note Note Note
Advertising D $400 See note=> *Clear Valu
Incentives and Bonuses N
Commissions - % of Sales S See note=> *Enter Valu
Entertainment S See note=> *Enter Valu
Literature D See note=> <- Enter Star
Promotions N
Salaries P See note=> <- Enter Star <- Enter Gro
Trade Shows N
Travel D See note=> <- Enter Star
Other Sales Expenses N
Other Sales Expenses N
Sales & Marketing Growth % Growth % Growth % Growth %
Advertising 10% 13% 17% 20%
Incentives and Bonuses 0% 0% 0% 0%
Commissions - % of Sales 0% 0% 0% 0%
Entertainment 0% 0% 0% 0%
Literature 3% 4% 6% 7%
Promotions 1% 2% 3% 3%
Salaries 0% 0% 0% 0%
Trade Shows 0% 0% 0% 0%
Travel 0% 0% 0% 0%
Other Sales Expenses
Other Sales Expenses
Sales & Marketing Continued
Sales & Marketing: Specific Monthly Values

Advertising $400 $600 $700 $800 $1,000 $1,500 $1,200 $1,600 $1,800 $2,000 $2,500 $3,000 $15,500
Incentives and Bonuses $0
Commissions - % of Sales
Entertainment $0
Literature $0
Promotions $0
Salaries $0
Trade Shows $0
Travel $0
Other Sales Expenses $0
Other Sales Expenses $0
$400 $600 $700 $800 $1,000 $1,500 $1,200 $1,600 $1,800 $2,000 $2,500 $3,000 $15,500
Sales & Marketing: Specific Monthly Values
Advertising $5,000 $5,000 $8,000 $10,000 $28,000 $10,000 $13,000 $15,000 $17,000 $55,000 $50,000 $75,000
Incentives and Bonuses $0 $0
Commissions - % of Sales
Entertainment $0 $0
Literature $0 $0
Promotions $0 $0
Salaries $0 $0
Trade Shows $0 $0
Travel $0 $0
Other Sales Expenses $0 $0
Other Sales Expenses $0 $0
$5,000 $5,000 $8,000 $10,000 $28,000 $10,000 $13,000 $15,000 $17,000 $55,000 $50,000 $75,000
Research & Development Projection First Month Annual Monthly $ Projection Specific First Month Annual Monthly
R & D: Projection Method (S,P,D,N) (Method P,D) (Method P) (Method D) Any Note? Note Note Note Note Note
Consulting S See note=> *Enter Valu
Equipment (Expensed Purchases) P See note=> <- Enter Star <- Enter Gro
R & D Materials D See note=> <- Enter Star
R & D Salaries P See note=> <- Enter Star <- Enter Gro
Other R & D Expenses N
Other R & D Expenses N
Research & Development Growth % Growth % Growth % Growth %
Consulting 0% 0% 0% 0%
Equipment (Expensed Purchases) 0% 0% 0% 0%
R & D Materials 0% 0% 0% 0%
R & D Salaries 0% 0% 0% 0%
Other R & D Expenses
Other R & D Expenses
Research & Development: Specific Monthly Values

Consulting $0 $0
Equipment (Expensed Purchases) $0
R & D Materials $0
R & D Salaries $0
Other R & D Expenses $0
Other R & D Expenses $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Research & Development: Specific Values- Years 2-5

Consulting $0 $0 $0
Equipment (Expensed Purchases) $0 $0
R & D Materials $0 $0
R & D Salaries $0 $0
Other R & D Expenses $0 $0
Other R & D Expenses $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
General & Administrative Projection First Month Annual Monthly $ Projection Specific First Month Annual Monthly
General & Administrative: Projection Method (S,P,D,N) (Method P,D) (Method P) (Method D) Any Note? Note Note Note Note Note
Accounting S See note=> *Enter Valu
Admin Salaries P See note=> <- Enter Star <- Enter Gro
Bad Debts N
Equipment Rent/Small Purchases N
Insurance P See note=> <- Enter Star <- Enter Gro
Legal Fees N
Licenses and Permits N
Office Expenses D See note=> <- Enter Star
Office Rental P See note=> <- Enter Star <- Enter Gro
Taxes (non-Income Taxes) P See note=> <- Enter Star <- Enter Gro
Telephone P See note=> <- Enter Star <- Enter Gro
Utilities D See note=> <- Enter Star
Other G & A Expenses N
Other G & A Expenses N
General & Administrative Growth % Growth % Growth % Growth %
Accounting
Admin Salaries
Bad Debts
Equipment Rent/Small Purchases
Insurance
Legal Fees
Licenses and Permits
Office Expenses
Office Rental
Taxes (non-Income Taxes)
Telephone
Utilities
Other G & A Expenses
Other G & A Expenses
General & Administrative Continued
General & Administrative: Specific Monthly Values

Accounting $0 $0
Admin Salaries $0 $0
Bad Debts $0 $0
Equipment Rent/Small Purchases $0 $0
Insurance $0 $0
Legal Fees $0 $0
Licenses and Permits $0 $0
Office Expenses $0 $0
Office Rental $0 $0
Taxes (non-Income Taxes) $0 $0
Telephone $0 $0
Utilities $0 $0
Other G & A Expenses $0
Other G & A Expenses $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
General & Administrative: Specific Values- Years 2-5

Accounting $0 $0 $0 $0 $0 $0
Admin Salaries $0 $0 $0 $0 $0 $0
Bad Debts $0 $0 $0 $0 $0 $0
Equipment Rent/Small Purchases $0 $0 $0 $0 $0 $0
Insurance $0 $0 $0 $0 $0 $0
Legal Fees $0 $0 $0 $0 $0 $0
Licenses and Permits $0 $0 $0 $0 $0 $0
Office Expenses $0 $0 $0 $0 $0 $0
Office Rental $0 $0 $0 $0 $0 $0
Taxes (non-Income Taxes) $0 $0 $0 $0 $0 $0
Telephone $0 $0 $0 $0 $0 $0
Utilities $0 $0 $0 $0 $0 $0
Other G & A Expenses $0 $0
Other G & A Expenses $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Income & Expense

Projection First Month Annual Monthly $ Projection Specific First Month Annual Monthly
Other Income & Expense: Projection Method (S,P,D,N) (Method P,D) (Method P) (Method D) Any Note? Note Note Note Note Note
Interest Income S offset See note=> *Enter Valu <- Clear Thi
Interest Expense P offset See note=> <- Enter Gro
Other Income & Expense Growth % Growth % Growth % Growth %
Interest Income
Interest Expense
Other Income & Expense: Specific Monthly Values

Interest Income $0
Interest Expense $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Income & Expense: Specific Values- Years 2-5

Interest Income $0 $0
Interest Expense $0 $0
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Annual Federal/State/Local Over Rate

Tax Rate Look-up Table ($9,999,999) 0% (These are sample tax rates
(Based upon Income before Taxes) only; replace them with
your combined estimated
federal/state/local rates.)
$9,999,999
Balance Sheet Assumptions

(Beginning Balances, if applicable)
Year 0 -
Assets Beginning These Beginning Balances should
Current Assets Balances be taken from your existing
Cash $0 Balance Sheet as of: 31-Dec-08
Investments $0
Accounts Receivable $35,500 Note: These balances should be set
Notes Receivable $0 to zero if you have not had any
Inventory $0 business activity prior to your
Other Current Assets $0 budget period beginning: 01-Jan-09
Total Current Assets $35,500
Asset Lives To Be Used For Asset Lives Used For
Plant & Equipment Depreciation (in Years) Depreciation
Land $0 N/A
Buildings $0 40 40
Building/Leasehold Improvements $0 10 10
Machinery & Equipment $0 10 10
Office Equipment $0 5 5
Automobiles $0 3 3
Accumulated Depreciation $0 <- Enter Depreciation as a positive value.
Total Net Plant & Equipment $0
Other Assets $0
Total Assets $35,500
Liabilities & Owners' Equity

Current Liabilities
Short Term Debt $0
Accounts Payable $11,950
Other Payables $0
Accrued Liabilities $0
Total Current Liabilities $11,950
]
Long Term Debt $23,550
Total Liabilities $35,500
Owner/Stockholder Equity
Common Stock $0
Retained Earnings $0
Dividends Payable $0
Total Owners' Equity $0
Total Liabilities & Equity $35,500 *In Balance
Cash Flow Assumptions

NOTE: All values should be entered as positive numbers.
Working Capital Assumptions(In Days) Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Q1-Yr2
Accounts Receivable 53,700
Inventory 0
Accounts Payable 15,500
Fixed Asset Purchases (In Dollars) Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Q1-Yr2
Land $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Buildings $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building/Leasehold Improvements $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Machinery & Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Office Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Automobiles $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Fixed Asset Purchases $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Financing (In Dollars) Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Q1-Yr2
Sale of Stock $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash Dividends Declared $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds from Short Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Short Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds from Long Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Long Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Balance Sheet Accounts (In $) Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Q1-Yr2
Purchase of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sale of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Collection of Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Payables, Salary, Misc Payables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Decrease in Other Payables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Accrued Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 1st Yr Asset $38,200 $0
Break-Even Analysis Assumptions The Break-Even Analysis Assumptions section allows you to estimate the average monthly
portion of fixed costs that are to be reclassified to variable costs for the purposes of break-even
Average Monthly Amount analysis for the first year. If you are unsure that you have fixed costs that fall into this category,
Fixed Costs Reclassified to Variable Costs $0 leave the entered sample value, zero, in the cell to the right.
Sensitivity Analysis Printing Selection

Select M
M = Month. This selects a specific month of the first year. Y
Y = Year. This selects an entire year from years 1 through 5. A
A = Average Month. This selects an entire year from years 1 through 5 and shows it as an average. 13 Column
1 Divide by
Y Enter M,Y,A
1 Enter month number (1-12) or year number (1-5)
Assumptions Justification Level 7 Boutique
15-Jan-09
Total Market size in thousands $0 $0 $0 $0 $0
Market share 0.00% 0.00% 0.00% 0.00% 0.00%
Sales based on Market Share $0 $0 $0 $0 $0
Primary Units to be sold 0 0 0 0 0

Unit price of primary unit $0 $0 $0 $0 $0
Additional sales per primary unit $0 $0 $0 $0 $0
Sales Based on Units Sold $0 $0 $0 $0 $0
Sales from Business Plan

Product/Service A $53,700 $76,000 $146,000 $150,000 $200,000
Product/Service B #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C $0 $0 $0 $0 $0
Product/Service D $0 $0 $0 $0 $0
Product/Service E $0 $0 $0 $0 $0
Product/Service F $0 $0 $0 $0 $0
Product/Service G $0 $0 $0 $0 $0
Product/Service H $0 $0 $0 $0 $0
Product/Service I $0 $0 $0 $0 $0
Product/Service J $0 $0 $0 $0 $0
Total Sales Forecast #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sales Forecast Variance Amounts

Amount below Market Share method #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
as a percent #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Amount below Units Sold method #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Average of the two methods' varianc #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Gross Profit Analysis (Year 1 by Month) Level 7 Boutique
15-Jan-09
% of
Product/Service A Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,500 $5,000 $6,000 $6,500 $7,200 $11,000 $53,700
Material $400 $600 $800 $1,000 $1,200 $1,400 $1,800 $2,000 $2,400 $2,600 $2,880 $4,400 $21,480 40.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Cost of Goods Sold $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Gross Profit $600 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Sales 60.0% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of
Product/Service B Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $1,000 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Material $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Labor $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Gross Profit $1,000 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Sales 100.0% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of
Product/Service C Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Cost of Goods Sold $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 0.0%
Gross Profit $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of
Product/Service D Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of
Product/Service E Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of
Product/Service F Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of
Product/Service G Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of
Product/Service H Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of
Product/Service I Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of
Product/Service J Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Gross Profit Analysis Years 2-3 by Quarter Level 7 Boutique
15-Jan-09
% of % of
Product/Service A Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $18,000 $17,000 $17,000 $24,000 $76,000 $29,000 $34,000 $38,000 $45,000 $146,000
Material $11,700 $11,050 $11,050 $15,600 $49,400 65.00% $18,850 $22,100 $24,700 $29,250 $94,900 65.0%
Labor $1,800 $1,700 $1,700 $2,400 $7,600 10.00% $4,350 $5,100 $5,700 $6,750 $21,900 15.0%
Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Gross Profit #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of % of
Product/Service B Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Material #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Labor #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of % of
Product/Service C Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 0.00% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 0.0%
Gross Profit #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 0.00% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of % of
Product/Service D Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of % of
Product/Service E Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of % of
Product/Service F Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of % of
Product/Service G Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of % of
Product/Service H Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of % of
Product/Service I Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
% of % of
Product/Service J Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Material $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
Labor $0 $0 $0 $0 $0 0.00% $0 $0 $0 $0 $0 0.0%
% of Sales 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Gross Profit Analysis Years 1-5 Level 7 Boutique
15-Jan-09
% of % of % of % of % of
Product/Service A Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $53,700 $76,000 $146,000 $150,000 $200,000
Material $21,480 40.0% $49,400 65.0% $94,900 65.0% $105,000 70.0% $140,000 70.0%
Labor $0 0.0% $7,600 10.0% $21,900 15.0% $30,000 20.0% $50,000 25.0%
Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Gross Profit #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service B Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Material #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Labor #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Cost of Goods Sold #VALUE! 0.0% #VALUE! 0.0% #VALUE! 0.0% #VALUE! 0.0% #VALUE! 0.0%
Gross Profit #VALUE! 0.0% #VALUE! 0.0% #VALUE! 0.0% #VALUE! 0.0% #VALUE! 0.0%
Product/Service D Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Product/Service E Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Product/Service F Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Product/Service G Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Product/Service H Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Product/Service I Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Product/Service J Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Sales $0 $0 $0 $0 $0
Material $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Labor $0 0.0% $0 0.0% $0 0.0% $0 0.0% $0 0.0%
Budget Year 1 by Month Level 7 Boutique
15-Jan-09 % of Total
Sales Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Product/Service A $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,500 $5,000 $6,000 $6,500 $7,200 $11,000 $53,700 #VALUE!
Product/Service B $1,000 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service D $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service E $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service F $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service G $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service H $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service I $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service J $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total Sales $2,000 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold

Total Variable COGS $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Total Sales 20.0% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Fixed COGS
Production Management Salaries $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Production Facility Expense $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Production Equipment Rental $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Small Tools / Supplies $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Packaging Supplies $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total Fixed Cost of Goods Sold $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Cost of Goods Sold $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Operating Expenses
Sales & Marketing
Advertising $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $400 $4,800 #VALUE!
Incentives and Bonuses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Commissions - % of Sales $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Entertainment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Literature $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Promotions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Salaries $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Trade Shows $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Travel $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Other Sales Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Other Sales Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total Sales & Marketing Costs $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Consulting $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Equipment (Expensed Purchases) $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
R & D Materials $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
R & D Salaries $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other R & D Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Other R & D Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total R & D Costs $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
General & Administrative

Accounting $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Admin Salaries $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Bad Debts $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Equipment Rent/Small Purchases $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Insurance $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Legal Fees $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Licenses and Permits $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Office Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Office Rental $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes (non-Income Taxes) $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Telephone $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Utilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Other G & A Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Other G & A Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total G & A Costs $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Operating Expenses $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income From Operations $1,200 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Interest Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income before Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Net Income After Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Budget Years 2-3 by Quarter Level 7 Boutique
15-Jan-09
% of Total % of Total
Sales Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Product/Service A $18,000 $17,000 $17,000 $24,000 $76,000 #VALUE! $29,000 $34,000 $38,000 $45,000 $146,000 #VALUE!
Product/Service B #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service D $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service E $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service F $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service G $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service H $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service I $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service J $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Variable COGS #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold

Production Management Salaries $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Production Facility Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Production Equipment Rental $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Small Tools / Supplies $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Packaging Supplies #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Production Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Total Fixed Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Operating Expenses
Sales & Marketing
Advertising $1,200 $1,200 $1,200 $1,200 $4,800 #VALUE! $1,200 $1,200 $1,200 $1,200 $4,800 #VALUE!
Incentives and Bonuses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Commissions - % of Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Entertainment $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Literature $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Promotions $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Salaries #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Trade Shows $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Travel $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Other Sales Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Other Sales Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Total Sales & Marketing Costs #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Consulting $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!

Equipment (Expensed Purchases) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
R & D Materials $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
R & D Salaries #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other R & D Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Other R & D Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Total R & D Costs #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Accounting $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Admin Salaries #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Bad Debts $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Depreciation $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Equipment Rent/Small Purchases $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Insurance #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Legal Fees $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Licenses and Permits $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Office Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Office Rental #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes (non-Income Taxes) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Telephone #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Utilities $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Other G & A Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Other G & A Expenses $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Total G & A Costs #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Operating Expenses #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income From Operations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest Income $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!

Interest Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income before Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Net Income After Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Budget Years 1-5 by Year Level 7 Boutique
15-Jan-09
% of Total % of Total % of Total % of Total % of Total
Sales Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Product/Service A $53,700 #VALUE! $76,000 #VALUE! $146,000 #VALUE! $150,000 #VALUE! $200,000 #VALUE!
Product/Service B #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service D $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service E $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service F $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service G $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service H $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service I $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service J $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Variable COGS #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold

Production Management Salaries $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Production Facility Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Production Equipment Rental $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Small Tools / Supplies $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Packaging Supplies #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Production Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Total Fixed Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Operating Expenses
Sales & Marketing
Advertising $4,800 #VALUE! $4,800 #VALUE! $4,800 #VALUE! $4,800 #VALUE! $4,800 #VALUE!
Incentives and Bonuses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Commissions - % of Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Entertainment $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Literature $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Promotions $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Salaries #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Trade Shows $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Travel $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Other Sales Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Other Sales Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Total Sales & Marketing Costs #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Consulting $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!

Equipment (Expensed Purchases) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
R & D Materials $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
R & D Salaries #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other R & D Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Other R & D Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Total R & D Costs #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Accounting $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Admin Salaries #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Bad Debts $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Depreciation $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Equipment Rent/Small Purchases $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Insurance #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Legal Fees $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Licenses and Permits $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Office Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Office Rental #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes (non-Income Taxes) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Telephone #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Utilities $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Other G & A Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Other G & A Expenses $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Total G & A Costs #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Operating Expenses #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income From Operations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest Income $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!

Interest Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income before Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Net Income After Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income Statement Year 1 by Month Level 7 Boutique
15-Jan-09 % of Total
Sales Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Product/Service A $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,500 $5,000 $6,000 $6,500 $7,200 $11,000 $53,700 #VALUE!
Product/Service B $1,000 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service D $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service E $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service F $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service G $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service H $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service I $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Product/Service J $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total Sales $2,000 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold

Total Variable COGS $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Fixed Cost of Goods Sold $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Cost of Goods Sold $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Operating Expenses
Sales & Marketing $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Research & Development $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
G & A (without Depreciation) $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Operating Expenses $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income From Operations $1,200 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!

Interest Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income before Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% of Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income Statement Years 2-3 by Quarter Level 7 Boutique
15-Jan-09
% of Total % of Total
Sales Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Sales Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3 Sales
Product/Service A $18,000 $17,000 $17,000 $24,000 $76,000 #VALUE! $29,000 $34,000 $38,000 $45,000 $146,000 #VALUE!
Product/Service B #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service D $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service E $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service F $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service G $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service H $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service I $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Product/Service J $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold

Total Variable COGS #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Fixed Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Operating Expenses
Sales & Marketing #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Research & Development #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
G & A (without Depreciation) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Depreciation $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!
Total Operating Expenses #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income From Operations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest Income $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!

Interest Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income before Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Net Income After Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income Statement Years 1 - 5 Level 7 Boutique
15-Jan-09
% of Total % of Total % of Total % of Total % of Total
Sales Fiscal Year 1 Sales Fiscal Year 2 Sales Fiscal Year 3 Sales Fiscal Year 4 Sales Fiscal Year 5 Sales
Product/Service A $53,700 #VALUE! $76,000 #VALUE! $146,000 #VALUE! $150,000 #VALUE! $200,000 #VALUE!
Product/Service B #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Product/Service C $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service D $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service E $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service F $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service G $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service H $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service I $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Product/Service J $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Total Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Goods Sold

Total Variable COGS #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Fixed Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Cost of Goods Sold #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Operating Expenses
Sales & Marketing #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Research & Development #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
G & A (without Depreciation) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Depreciation $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!
Total Operating Expenses #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income From Operations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest Income $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!

Interest Expense #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income before Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Taxes on Income #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Growth Analysis
Sales Growth #VALUE! #VALUE! #VALUE! #VALUE!
Gross Profit Growth #VALUE! #VALUE! #VALUE! #VALUE!
Income from Operations Growth #VALUE! #VALUE! #VALUE! #VALUE!
Net Income After Taxes Growth #VALUE! #VALUE! #VALUE! #VALUE!
Balance Sheet Year 1 by Month Level 7 Boutique
15-Jan-09
Assets Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09
Current Assets
Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accounts Receivable $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Plant & Equipment

Land $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Buildings $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Building/Leasehold Improvemen $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Machinery & Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Office Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Automobiles $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
Total Net Plant & Equipment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Current Liabilities
Short Term Debt $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accounts Payable $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Payables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Accrued Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE! #VALUE!
Total Current Liabilities $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Long Term Debt $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550
Total Liabilities $23,550 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Common Stock $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Retained Earnings #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Dividends Payable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Owners' Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Liabilities & Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Balance Sheet Years 2-3 by Quarter Level 7 Boutique
15-Jan-09
Assets Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3

Current Assets
Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Investments $0 $0 $0 $0 $0 $0 $0 $0
Accounts Receivable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0
Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Plant & Equipment

Land $0 $0 $0 $0 $0 $0 $0 $0
Buildings $0 $0 $0 $0 $0 $0 $0 $0
Building/Leasehold Improvements $0 $0 $0 $0 $0 $0 $0 $0
Machinery & Equipment $0 $0 $0 $0 $0 $0 $0 $0
Office Equipment $0 $0 $0 $0 $0 $0 $0 $0
Automobiles $0 $0 $0 $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0 $0 $0 $0
Total Net Plant & Equipment $0 $0 $0 $0 $0 $0 $0 $0
Other Assets $0 $0 $0 $0 $0 $0 $0 $0
Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Current Liabilities
Short Term Debt $0 $0 $0 $0 $0 $0 $0 $0
Accounts Payable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Payables $0 $0 $0 $0 $0 $0 $0 $0
Accrued Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Current Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Long Term Debt $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550 $23,550
Total Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Common Stock $0 $0 $0 $0 $0 $0 $0 $0
Retained Earnings #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Dividends Payable $0 $0 $0 $0 $0 $0 $0 $0
Total Owners' Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Liabilities & Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Balance Sheet Level 7 Boutique
15-Jan-09
Assets Fiscal Year 1 Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Current Assets
Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Investments $0 $0 $0 $0 $0
Accounts Receivable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Notes Receivable $0 $0 $0 $0 $0
Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Current Assets $0 $0 $0 $0 $0
Total Current Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Plant & Equipment

Land $0 $0 $0 $0 $0
Buildings $0 $0 $0 $0 $0
Building/Leasehold Improvement $0 $0 $0 $0 $0
Machinery & Equipment $0 $0 $0 $0 $0
Office Equipment $0 $0 $0 $0 $0
Automobiles $0 $0 $0 $0 $0
Accumulated Depreciation $0 $0 $0 $0 $0
Total Net Plant & Equipment $0 $0 $0 $0 $0
Other Assets $0 $0 $0 $0 $0
Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Current Liabilities
Short Term Debt $0 $0 $0 $0 $0
Accounts Payable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Other Payables $0 $0 $0 $0 $0
Accrued Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Current Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Long Term Debt $23,550 $23,550 $23,550 $23,550 $23,550
Total Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Common Stock $0 $0 $0 $0 $0
Retained Earnings #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Dividends Payable $0 $0 $0 $0 $0
Total Owners' Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Liabilities & Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Cash Flow Year 1 by Month Level 7 Boutique
15-Jan-09
Sources of Cash: Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1
Operations During the Year
Net Income After Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Add items not decreasing cash
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Accounts Payable ($11,950) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Increase in Other Payables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Accrued Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE! #VALUE! #VALUE!
Deduct items not increasing cash

Increase in Accounts Receivable ($35,500) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Increase in Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cash from Operations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Financing & Other

Sale of Stock $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds from Short Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds from Long Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sale of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Collection of Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash / Operations & Financing #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Applications of Cash
Payment of Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchases of Fixed Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Short Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Long Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase/(Decrease) in Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Change in Cash Balance

Ending Cash Balance #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Beginning Cash Balance $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! $0
Increase/(Decrease) in Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cash Flow Years 2-3 by Quarter Level 7 Boutique
15-Jan-09
Sources of Cash: Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Fiscal Year 2 Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3 Fiscal Year 3
Depreciation $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Accounts Payable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Increase in Other Payables $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Accrued Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Increase in Accounts Receivable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Increase in Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cash from Operations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Financing & Other

Sale of Stock $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds from Short Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Proceeds from Long Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sale of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Collection of Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Reduction of Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Cash / Operations & Financing #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Payment of Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchases of Fixed Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Short Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Repayment of Long Term Loans $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase of Investments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Notes Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase in Other Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Increase/(Decrease) in Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Ending Cash Balance #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Beginning Cash Balance #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Increase/(Decrease) in Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cash Flow Years 1 - 5 Level 7 Boutique
15-Jan-09
Sources of Cash: Fiscal Year 1 Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Net Income After Taxes #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Depreciation $0 $0 $0 $0 $0
Increase in Accounts Payable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Increase in Other Payables $0 $0 $0 $0 $0
Increase in Accrued Liabilities #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Increase in Accounts Receivable #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Increase in Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cash from Operations #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Financing & Other

Sale of Stock $0 $0 $0 $0 $0
Proceeds from Short Term Loans $0 $0 $0 $0 $0
Proceeds from Long Term Loans $0 $0 $0 $0 $0
Sale of Investments $0 $0 $0 $0 $0
Collection of Notes Receivable $0 $0 $0 $0 $0
Reduction of Other Current Assets $0 $0 $0 $0 $0
Reduction of Other Assets $0 $0 $0 $0 $0
Cash / Operations & Financing #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Payment of Dividends $0 $0 $0 $0 $0
Purchases of Fixed Assets $0 $0 $0 $0 $0
Repayment of Short Term Loans $0 $0 $0 $0 $0
Repayment of Long Term Loans $0 $0 $0 $0 $0
Purchase of Investments $0 $0 $0 $0 $0
Increase in Notes Receivable $0 $0 $0 $0 $0
Increase in Other Current Assets $0 $0 $0 $0 $0
Increase in Other Assets $0 $0 $0 $0 $0
Increase/(Decrease) in Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Ending Cash Balance #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Beginning Cash Balance $0 #VALUE! #VALUE! #VALUE! #VALUE!
Increase/(Decrease) in Cash #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Ratio Analysis (Years 1 - 5)
15-Jan-09
Level 7 Boutique
Ratios Fiscal Year 1 Fiscal Year 2 Fiscal Year 3 Fiscal Year 4 Fiscal Year 5
Current Ratio #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Quick Ratio (Acid Test) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Return on Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Assets Turnover #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Debt to Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Gross Profit Margin #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Operating Profit Margin #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Net Profit Margin #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Return on Sales #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Return on Owners' Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Total Debt to Owners' Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Operating Ratios
% Inc from Ops / Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
% Profit BT / Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sales / Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sales / Day (244 business days) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Number of Employees 5 10 15 20 30
Sales per Employee #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income from Operations per Em #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Net Income after Taxes per Em #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Asset Management (Efficiency)

Total Liabilities / Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Total Debt to Total Assets #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Debt to Capitalization #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
Liabilities / Net Worth #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Return on Equity (Pretax) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Return on Equity (After tax) #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Working Capital Cycle

Sales / Receivables #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Days Sales Outstanding #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Sales / Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Days of Inventory #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Cost of Sales / Payables #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sales / Working Capital #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Marketing Efficiency
Sales / Cost of Marketing & Sal #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Break-Even Analysis Year 1 by Month Level 7 Boutique
15-Jan-09
% of Total
Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Fiscal Year 1 Sales
Sales $2,000 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Fixed Costs
Fixed Cost of Goods & Services $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sales & Marketing (w/o Commission $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Research & Development $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
G & A (without Depreciation) $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Less Reclassified Fixed Costs $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total Fixed Costs $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Variable Costs
Material and Labor $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Commissions $0 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Plus Reclassified Fixed Costs $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!
Total Variable Costs $400 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income from Operations $1,200 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Interest Income(Expense) - "Fixed" #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Income Taxes - "Variable" #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Analysis
Income from Operations
Contribution Margin 80.00% #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Break-Even Sales Volume $500 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sales Volume Above Break-Even $1,500 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Net Income After Taxes

Contribution Margin #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Break-Even Sales Volume #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sales Volume Above Break-Even #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!
Sensitivity Analysis Level 7 Boutique
15-Jan-09 Full Year- Fiscal Year 1
Compare the best and worst case of each Income Statement line item to the planned values.
The Planned amounts are taken directly from the Income Statements.
Sales Pessimistic Planned Optimistic

90% 100% 120%
Product/Service A $48,330 $53,700 $64,440
Product/Service B #VALUE! #VALUE! #VALUE!
Product/Service C $0 $0 $0
Product/Service D $0 $0 $0
Product/Service E $0 $0 $0
Product/Service F $0 $0 $0
Product/Service G $0 $0 $0
Product/Service H $0 $0 $0
Product/Service I $0 $0 $0
Product/Service J $0 $0 $0
Total Sales #VALUE! #VALUE! #VALUE!
Variable Costs Pessimistic Planned Optimistic

200% 100% 70%
Cost of Goods Sold #VALUE! #VALUE! #VALUE!
Fixed Costs Reclassified to Variable Cost $0 $0 $0
Total Variable Costs #VALUE! #VALUE! #VALUE!
Gross Profit #VALUE! #VALUE! #VALUE!

% of Total Sales #VALUE! #VALUE! #VALUE!
Operating Costs Pessimistic Planned Optimistic

120% 100% 80%
Sales & Marketing #VALUE! #VALUE! #VALUE!
Pessimistic Planned Optimistic

180% 100% 85%
Research & Development #VALUE! #VALUE! #VALUE!

110% 100% 90%
G & A (without Depreciation) #VALUE! #VALUE! #VALUE!

110% 100% 90%
Fixed Cost of Goods & Services #VALUE! #VALUE! #VALUE!

110% 100% 90%
Depreciation $0 $0 $0

110% 100% 90%
Fixed Costs Reclassified to Variable Cost $0 $0 $0
Total Fixed Costs #VALUE! #VALUE! #VALUE!
Income from Operations #VALUE! #VALUE! #VALUE!

Personal Financial Statement Level 7 Boutique As of: mm/dd/yy
As of: mm/dd/yy
Name Birth date: Business Title: xxx
Home Address 01/12/60 Home Telephone #: 000-000-0000
Company Name Business Telephone #: 000-000-0000
Company Address Social Security # The nature of your business: xxx
Company City, State and Zip Code 000-00-0000
Assets Liabilities Code Keys

Liquid Assets Short-term
Cash (checking & savings accounts, from below) $6,000 Credit Cards (from below) $7,000 How Held Codes
Short-term Investments $12,000 Car Loan Single Person S
Treasury Bills Construction Liens/Notes/Balances Due Community Property CP
Savings Certificates Loan on Life Insurance Tenants in Common TIC
Money Market Funds $1,500 Installment Loans Partnership Ptr
Cash Value of Life Insurance (from below) $25,000 Accrued Income Taxes Corporation C
Total Liquid Assets $44,500 Other Debt
Investment Assets Total Short-term Liabilities $7,000 Real Property Type
Notes Receivable (from below) $3,000 Primary Residence PR
Marketable Securities Long-term Secondary Residence SR
Securities (from below) $200,000 Loans to Purchase Personal Assets Investment Property IP
Bonds Loan to Acquire Business
Real Estate (investment) $68,000 Mortgage on Personal Residence(s) $300,000
Tax Incentive Investments Note to Business $20,000
Retirement Funds Total Long-term Liabilities $320,000
Total Investment Assets $271,000
Personal Assets Contingent Liabilities
Residence $450,000 Endorser
Vacation Property Guarantor (SBA Loan) $210,000
Art, Antiques $12,000 Damage Claims
Furnishings $15,000 Taxes
Vehicles Other
Other Total Contingent Liabilities $210,000
Total Personal Assets $477,000 Debt / Worth: 2.10
Total Assets $792,500 Total Liabilities $537,000 Net Worth: $255,500
Annual Income Annual Expenses

Husband's Base Salary (Net) $70,000 Alimony / Child Support
Wife's Base Salary (Net) $70,000 Contract Payments
Bonus / Profit Sharing $12,000 Credit Accounts $1,800
Alimony / Child Support (optional) Income Taxes $50,000
Dividends Insurance $800
Interest Living Expenses $25,000
Rentals Mortgages (Principal + Interest) $24,636
Second Business Income Property Taxes $5,200
Other
Total Annual Income $152,000 Total Annual Expenses $107,436 Disposable Income $44,564
Checking / Savings Name on Institution Monthly How Account Account

Accounts Account Address Deposits Held Number Balance
Checking #1 [x] [x] $5,000 S [x] $3,000
Checking #2 [x] [x] $1,000 S [x] $3,000
Savings #1 [x] [x] S [x]
Savings #2 [x] [x] S [x]
Total Savings Accounts $6,000 $6,000
Credit Name on Institution Monthly How Account Account

Accounts Account Address Payments Held Number Balance
Visa [x] [x] $150 S [x] $4,500
MasterCard [x] [x] C [x]
American Express [x] [x] C [x]
Discover [x] [x] S [x] $2,500
Commercial Account 1 [x] [x] [x]
Car Loan [x] [x] [x]
Total Credit Accounts $150 $7,000
Monthly Total
Notes Receivable Collateral Receipts Maturity Date Amount
[x] [x] $150 xx/xx/xx $3,000
[x] [x] xx/xx/xx
Total Notes Receivable $150 $3,000
Shares Stock Share How

Securities Owned Exchange Title in name of . . . Value Held Total Market Value Pledged?
[x] $1,000,000 Unlisted [x] $0.20 S $200,000 No
[x] [x] $0
Total Securities Owned $1,000,000 $200,000
Policy Cash
Life Insurance Amount Insurance Company Value Beneficiary Loans
[x] $250,000 [x] $25,000 Jane Doe $0
[x] [x]
Total Life Insurance $250,000 $25,000 $0
Real Estate Cost Property Name on Monthly Acquired Balance

Address & Type Value Type Mortgage Payments Deed Financing Owed
333 3rd St, Anytown, CA - Single Family, 3B2B $450,000 PR Your Name $1,800 1/15/90 Loan # 1234, Variable $300,000
[x] $0 [x] xx/xx/xx [x]
Total Real Estate $450,000 $1,800 $300,000
Have you ever filed for bankruptcy? No __ Yes __ Are any assets pledged except as shown? No __ Yes __ Have you made a will? No __ Yes __
Are there any outstanding judgments against you? No __ Yes __ Are any debts secured except as shown? No __ Yes __ Have you made a living trust? No __ Yes __
Are you currently a party to a lawsuit? No __ Yes __
I represent and warrant...

that you are relying on the information in this financial statement in deciding to give or continue the financial accommodation or extension of credit I have requested or received.
I promise that this is a true statement of my financial condition as of the date of valuations. You may rely on it as being true and correct until I otherwise notify you in writing.
If this statement is not true in any material respect, or if I should die, file for bankruptcy, if any creditor tries to seize my property, or if any adverse change occurs in my financial condition,
at your election any or all of my indebtedness and obligations to you, direct or contingent, shall become immediately due and payable without demand or notice.
I have read, understand and agree to make these representations and warranties.
Your Signature Date Your Spouse's Signature Date

(if you are requesting this financial accommodation with your spouse)
Working Capital Worksheet
Level 7 Boutique
15-Jan-09
Accounts Receivable Days Calculation
Enter Monthly Values: Number of

Days in Month
Current Month's Sales $375,000 30
First Previous Month's Sales $325,000 31
Second Previous Month's Sales $275,000 30
Average Monthly Sales $325,000
Current End of Month A/R Balance $640,000
Estimated Average Accounts Receivable Days: 60

-> To Integrated Financials
(Cash Flow Assumptions sections)
Inventory Days Calculation
Annual % of Total
Enter Cost of Goods Components: Amount COGS
Material $700,000 70%
Labor $100,000 10%
Fixed Overhead $200,000 20%
Total Annual Cost of Goods Sold $1,000,000 100%
Estimated
Days Estimated COGS Cost
of Stock % of Total of Stock
Enter Inventory Components: On Hand COGS Costs On Hand
Raw Materials 90 70% (in days)
Work In Process 20 85% 63
Finished Goods 30 100% 17
30
Estimated Average Inventory Days:
110 -> To Integrated Financials
Accounts Payable Days Calculation
Typical Unpaid
Enter Monthly Accounts Payable Values: Monthly Amounts
Material $55,000
Production Equipment Rental $12,000
Production Facility Utilities $1,500
Small Tools/Supplies $500
Packing Supplies $300
Other $0
Other $0
Other $0
Other $0
Total Monthly Accounts Payable $69,300
Average Monthly Cost of Goods Sold $83,333

(The annual value in cell C29 divided by 12)
Estimated Average Accounts Payable Days: 25
-> To Integrated Financials

Budget Assumptions: Level 7 Boutique

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Budget Assumptions: Level 7 Boutique

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Budget Assumptions (Year 1 by month)

Level 7 Boutique Company Name Revision Date 01/15/09

1 First Month of Budget year (1=January, 12 = December)

Sales Assumptions Level 7 Boutique

Sales: Specific Values- Years 2-5

Alternate Sales Forecast - Optional

Helpful Hint - Print and Review the Assumptions Justification Spreadsheet.

Cost of Goods Sold First Percent COGS Calculated

First Percent COGS Calculated

Cost of Goods Sold Continued

Fixed COGS: Specific Monthly Values

Fixed COGS: Specific Values- Years 2-5

Operating Expense Assumptions

Sales & Marketing Continued

Sales & Marketing: Specific Monthly Values

Research & Development: Specific Monthly Values

Research & Development: Specific Values- Years 2-5

General & Administrative Continued

General & Administrative: Specific Monthly Values

General & Administrative: Specific Values- Years 2-5

Other Income & Expense

Other Income & Expense: Specific Monthly Values

Other Income & Expense: Specific Values- Years 2-5

Annual Federal/State/Local Over Rate

Balance Sheet Assumptions

Liabilities & Owners' Equity

Total Liabilities & Equity $35,500 *In Balance

Cash Flow Assumptions

Sensitivity Analysis Printing Selection

Primary Units to be sold 0 0 0 0 0

Sales from Business Plan

Sales Forecast Variance Amounts

Cost of Goods Sold

General & Administrative

Cost of Goods Sold

Consulting $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!

General & Administrative

Interest Income $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!

Cost of Goods Sold

Consulting $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!

Interest Income $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!

Cost of Goods Sold

Interest Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 #VALUE!

Cost of Goods Sold

Interest Income $0 $0 $0 $0 $0 #VALUE! $0 $0 $0 $0 $0 #VALUE!

Cost of Goods Sold

Interest Income $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE! $0 #VALUE!

Plant & Equipment

Liabilities & Owners' Equity

Assets Q1-Yr2 Q2-Yr2 Q3-Yr2 Q4-Yr2 Q1-Yr3 Q2-Yr3 Q3-Yr3 Q4-Yr3

Plant & Equipment

Liabilities & Owners' Equity

Plant & Equipment

Liabilities & Owners' Equity

Total Liabilities & Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Deduct items not increasing cash

Financing & Other

Change in Cash Balance

Deduct items not increasing cash

Financing & Other

Deduct items not increasing cash

Financing & Other

Change in Cash Balance