Last revised 5/2016. See revision notes on last tab.

Step 1 - Enter info about your company in yellow shaded boxes below.

Starting
Preparer Name Company Name Month Starting Year
Hogan Davidson Hogan's Hookset May 2020

Step 2 - Read the following instructions

This Microsoft Excel Workbook is designed to provide those

starting a business or already running a business with
Color-Coding:
information that will allow them to make a "go /no-go" decision.
It will help a potential entrepreneur project operating profit, Enter Data Here
develop a projected income statement, balance sheet and cash
flow forecast.
Adjust as Needed
It is designed for a wide variety of users, from those who have
little or no accounting or Excel experience to those who may be
well versed in finance, accounting and the use of Microsoft
Excel.

The workbook contains a number of worksheets, each

documented two ways. Extensive directions and guidance for a
particular page or on a specific accounting topic are found in
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blue boxes (like this one) on pages that are not self-explanatory. Visit our website:
The second way this workbook is documented is using Excel
comments in a given cell. Comments are normally hidden from score.org/startyourbusin
sight. If you see a red triangle in the upper right corner of a cell,
you can hover your mouse over the triangle to see the note. As ess
your mouse moves away from the triangle, the comment will
disappear.

Comments will have a beige background. Each comment may

Need to make the
have a specific direction for that cell, may be a reminder of numbers bigger?
something the author believes important, or may have some Increase the magnification. This
additional information about the accounting topic. The cells and will either be located in the lower
formulas in this workbook are protected. Cells with yellow or right-hand corner, or in the
light blue backgrounds are designed for user input. All other Functions bar at the top of the
5
cells are designed to generate data based on user input. page.

The cells with formulas in this workbook are locked. If changes

June July August September October November
May are needed, the unlock code is "1234." Please use caution when
unlocking the spreadsheets. If you want to change a formula,
we strongly recommend that you save a copy of this
spreadsheet under a different name before doing so.
 Start-Up Expenses Year 1
(Starting Balance Sheet)

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Fixed Assets Amount Depreciation (years) Notes

Real Estate-Land - Not Depreciated

Real Estate-Buildings - 20
Leasehold Improvements 10,000 7
Equipment 15,000 7
Furniture and Fixtures 5,000 5
Vehicles - 5
Other - 5
Total Fixed Assets $ 30,000

Operating Capital Amount Notes

Pre-Opening Salaries and Wages -
Prepaid Insurance Premiums -
Inventory 1,000
Legal and Accounting Fees -
Rent Deposits -
Utility Deposits -
Supplies 2,000
Advertising and Promotions 2,000
Licenses 500
Other Initial Start-Up Costs -
Working Capital (Cash On Hand) -
Total Operating Capital $ 5,500
Total Required Funds $ 35,500

Sources of Funding Percentage Totals Loan Rate Term in Months Monthly Payments Notes
Owner's Equity 28.17% 10,000
Outside Investors 42.25% 15,000
Additional Loans or Debt
Commercial Loan 29.58% 10,500 6.00% 84 153
Commercial Mortgage 0.00% 5.00% 240 -
Credit Card Debt 0.00% 18.00% 60 -
Vehicle Loans 0.00% 6.00% 48 -
Other Bank Debt 0.00% 6.00% 36 -
Total Sources of Funding 100.00% $ 35,500 Cell D 42 must equal cell C31 $ 153
Total Funding Needed $ - You are fully funded (Balanced)

Existing Businesses ONLY -- Calculating Cash on Note: For existing businesses,

Hand
Cash
+ Accounts Receivable
+ Prepaid Expenses
- Accounts Payable
- Accrued Expenses
Total Cash on Hand
this should be the "bucket" of
- cash plus receivables that will be
- turned into cash, minus payables
- that will be paid out in cash in
- the near term (i.e. in the first
months of the plan)
-
$ -

419123696.xlsx 1-StartingPoint 05/03/2019 23:09:17

 Payroll Year 1

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Average
Hourly Pay (to
Number of 2 decimal Estimated Estimated
Owners places, ex. Hrs./Week Pay/Month Septemb Novembe Decembe Annual
Employee Types /Employees $15.23) (per person) (Total) May June July August er October r r January February March April Totals
Owner(s) 1 10.00 25 $ 1,083 1,083 1,083 1,083 1,083 1,083 1,083 1,083 1,083 1,083 1,083 1,083 1,083 $ 13,000
Full-Time Employees 0 $ - - - - - - - - - - - - - $ -
Part-Time Employees 0 $ - - - - - - - - - - - - - $ -
Independent Contractors $ - - - - - - - - - - - - - $ -
Total Salaries and Wages 1 $ 10.00 25 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 1,083 $ 13,000

Estimated Taxes
&
Percentage of Benefits/Month Septemb Novembe Decembe Annual
Payroll Taxes and Benefits Wage Base Limit Salary/Wage (Total) May June July August er October r r January February March April Totals
Social Security $ 132,900 6.20% $ 67 67 67 67 67 67 67 67 67 67 67 67 67 $ 806
Medicare -- 1.45% $ 16 16 16 16 16 16 16 16 16 16 16 16 16 $ 189
Federal Unemployment Tax (FUTA) $ 7,000 0.60% $ 4 4 4 4 4 4 4 4 4 4 4 4 4 $ 42
State Unemployment Tax (SUTA) $ 15,000 2.42% $ 30 30 30 30 30 30 30 30 30 30 30 30 30 $ 363
Employee Pension Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Worker's Compensation -- 0.00% $ - - - - - - - - - - - - - $ -
Employee Health Insurance -- 0.00% $ - - - - - - - - - - - - - $ -
Other Employee Benefit Programs -- 0.00% $ - - - - - - - - - - - - - $ -
Total Payroll Taxes and Benefits 10.67% $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 117 $ 1,400

Total Salaries and Related Expenses $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 14,400

419123696.xlsx 2a-PayrollYear1 05/03/2019 23:09:17

 Payroll Years 1-3

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Year 1 Growth Rate 1 Second Growth Rate 2 Third

Employee Types Totals to 2 Year to 3 Year
Owner(s) 13,000 10.0% 14,300 20.0% 17,160
Full-Time Employees - 0.0% - 0.0% -
Part-Time Employees - 0.0% - 0.0% -
Independent Contractors - 0.0% - 0.0% -
Total Salaries and Wages $ 13,000 $ 14,300 $ 17,160

Payroll Taxes and Benefits

Social Security 806 20.0% 967 30.0% 1,257
Medicare 189 20.0% 226 30.0% 294
Federal Unemployment Tax (FUTA) 42 20.0% 50 30.0% 66
State Unemployment Tax (SUTA) 363 20.0% 436 30.0% 566
Employee Pension Programs - 0.0% - 0.0% -
Worker's Compensation - 3.0% - 3.0% -
Employee Health Insurance - 3.0% - 3.0% -
Other Employee Benefit Programs - 10.0% - 10.0% -
Total Payroll Taxes and Benefits $ 1,400 $ 1,679 $ 2,183

Total Salaries and Related Expenses $ 14,400 $ 15,979 $19,343

419123696.xlsx 2b-PayrollYrs1-3 05/03/2019 23:09:17

 Sales Forecst Year 1

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Complete This Chart First:

Product Lines Units COGS Per Unit

Sales Price
Per Unit Margin Per Unit
1/2 Day Guide Service/2 Day Guide Service $ 300.00 $ 40.00 $ 260.00
Full Day Guide Serviceull Day Guide Service $ 550.00 $ 70.00 $ 480.00
Daily Rental Number of People $ 150.00 $ 25.00 $ 125.00
Weekly Rental Number of People $ 500.00 $ 85.00 $ 415.00
$ -
$ -

Septembe Category Category /

Product Lines May June July August r October November December January February March April Annual Totals Breakdown Total
1/2 Day Guide Service
1/2 Day Guide Service Sold 3 5 5 5 4 3 0 0 0 0 0 0 25 20.2%
Total Sales 900 1,500 1,500 1,500 1,200 900 - - - - - - $ 7,500 100.0% 20.7%
Total COGS 120 200 200 200 160 120 - - - - - - $ 1,000 13.3% 18.5%
Total Margin 780 1,300 1,300 1,300 1,040 780 - - - - - - $ 6,500 86.7% 21.1%

Full Day Guide Service

Full Day Guide Service Sold 2 4 4 4 3 2 0 0 0 0 0 0 19 15.3%
Total Sales 1,100 2,200 2,200 2,200 1,650 1,100 - - - - - - $ 10,450 100.0% 28.8%
Total COGS 140 280 280 280 210 140 - - - - - - $ 1,330 12.7% 24.6%
Margin 960 1,920 1,920 1,920 1,440 960 - - - - - - $ 9,120 87.3% 29.6%

Daily Rental
Number of People Sold 8 14 14 14 8 4 0 0 0 0 0 0 62 50.0%
Total Sales 1,200 2,100 2,100 2,100 1,200 600 - - - - - - $ 9,300 100.0% 25.7%
Total COGS 200 350 350 350 200 100 - - - - - - $ 1,550 16.7% 28.7%
Margin 1,000 1,750 1,750 1,750 1,000 500 - - - - - - $ 7,750 83.3% 25.1%

Weekly Rental
Number of People Sold 2 4 4 4 2 2 0 0 0 0 0 0 18 14.5%
Total Sales 1,000 2,000 2,000 2,000 1,000 1,000 - - - - - - $ 9,000 100.0% 24.8%
Total COGS 170 340 340 340 170 170 - - - - - - $ 1,530 17.0% 28.3%
Margin 830 1,660 1,660 1,660 830 830 - - - - - - $ 7,470 83.0% 24.2%

Product 5
Units Sold 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%

Product 6
Units Sold 0 0.0%
Total Sales - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS - - - - - - - - - - - - $ - 0.0% 0.0%
Margin - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 15 27 27 27 17 11 0 0 0 0 0 0 124
Total Sales $ 4,200 $ 7,800 $ 7,800 $ 7,800 $ 5,050 $ 3,600 $ - $ - $ - $ - $ - $ - $ 36,250
Total Cost of Goods Sold $ 630 $ 1,170 $ 1,170 $ 1,170 $ 740 $ 530 $ - $ - $ - $ - $ - $ - $ 5,410
Total Margin $ 3,570 $ 6,630 $ 6,630 $ 6,630 $ 4,310 $ 3,070 $ - $ - $ - $ - $ - $ - $ 30,840

419123696.xlsx 3a-SalesForecastYear1 05/03/2019 23:09:17

 Sales Forecast Years 1-3
This sheet will populate based on information in the year
1 Sales Forecast.

Prepared by: Company Name: The included growth rate is just a starting point, if you
can provide a more accurate prediction for each month,
Hogan's Hookset unlock the sheet (see Directions) and change the value
Hogan Davidson
for that month. Please note that you will no longer have a
formula in that cell once you change the value, so you
may want to save a copy of this spreadsheet under a
Growth Rate Year 1 to Year 2: 10.00% different name before doing so.
Growth Rate Year 2 to Year 3: 10.00%

Septemb Novembe Decemb Category

Product Lines Year 1 Totals May June July August er October r er January February March April Year 2 Totals Breakdown
1/2 Day Guide Service
1/2 Day Guide Service Sold 25 3 6 6 6 4 3 0 0 0 0 0 0 28
Total Sales $ 7,500 990 1,650 1,650 1,650 1,320 990 - - - - - - $ 8,250 100.0%
Total COGS $ 1,000 132 220 220 220 176 132 - - - - - - $ 1,100 13.3%
Total Margin $ 6,500 858 1,430 1,430 1,430 1,144 858 - - - - - - $ 7,150 86.7%

Full Day Guide Service

Full Day Guide Service Sold 19 2 4 4 4 3 2 0 0 0 0 0 0 21
Total Sales $ 10,450 1,210 2,420 2,420 2,420 1,815 1,210 - - - - - - $ 11,495 100.0%
Total COGS $ 1,330 154 308 308 308 231 154 - - - - - - $ 1,463 12.7%
Margin $ 9,120 1,056 2,112 2,112 2,112 1,584 1,056 - - - - - - $ 10,032 87.3%

Daily Rental
Number of People Sold 62 9 15 15 15 9 4 0 0 0 0 0 0 68
Total Sales $ 9,300 1,320 2,310 2,310 2,310 1,320 660 - - - - - - $ 10,230 100.0%
Total COGS $ 1,550 220 385 385 385 220 110 - - - - - - $ 1,705 16.7%
Margin $ 7,750 1,100 1,925 1,925 1,925 1,100 550 - - - - - - $ 8,525 83.3%

Weekly Rental
Number of People Sold 18 2 4 4 4 2 2 0 0 0 0 0 0 20
Total Sales 9000 1,100 2,200 2,200 2,200 1,100 1,100 - - - - - - $ 9,900 100.0%
Total COGS $ 1,530 187 374 374 374 187 187 - - - - - - $ 1,683 17.0%
Margin $ 7,470 913 1,826 1,826 1,826 913 913 - - - - - - $ 8,217 83.0%

Product 5
Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%

Product 6
Sold 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Sales $ - - - - - - - - - - - - - $ - 0.0%
Total COGS $ - - - - - - - - - - - - - $ - 0.0%
Margin $ - - - - - - - - - - - - - $ - 0.0%
Total Units Sold 124 17 30 30 30 19 12 0 0 0 0 0 0 136
Total Sales $ 36,250 $ 4,620 $ 8,580 $ 8,580 $ 8,580 $ 5,555 $ 3,960 $ - $ - $ - $ - $ - $ - $ 39,875
Total Cost of Goods Sold $ 5,410 $ 693 $ 1,287 $ 1,287 $ 1,287 $ 814 $ 583 $ - $ - $ - $ - $ - $ - $ 5,951
Total Margin $ 30,840 $ 3,927 $ 7,293 $ 7,293 $ 7,293 $ 4,741 $ 3,377 $ - $ - $ - $ - $ - $ - $ 33,924

419123696.xlsx 3b-SalesForecastYrs1-3 05/03/2019 23:09:17

 Sales Forecast Years 1-3

Category / Septemb Novemb Decemb Year 3 Category Category /

Product Lines Total May June July August er October er er January February March April Totals Breakdown Total
1/2 Day Guide Service
1/2 Day Guide Service Sold 20.2% 4 6 6 6 5 4 0 0 0 0 0 30 20.2%
Total Sales 20.7% 1,089 1,815 1,815 1,815 1,452 1,089 - - - - - - $ 9,075 100.0% 20.7%
Total COGS 18.5% 145 242 242 242 194 145 - - - - - - $ 1,210 13.3% 18.5%
Total Margin 21.1% 944 1,573 1,573 1,573 1,258 944 - - - - - - $ 7,865 86.7% 21.1%

Full Day Guide Service

Full Day Guide Service Sold 15.3% 2 5 5 5 4 2 0 0 0 0 0 0 23 15.3%
Total Sales 28.8% 1,331 2,662 2,662 2,662 1,997 1,331 - - - - - - $ 12,645 100.0% 28.8%
Total COGS 24.6% 169 339 339 339 254 169 - - - - - - $ 1,609 12.7% 24.6%
Margin 29.6% 1,162 2,323 2,323 2,323 1,742 1,162 - - - - - - $ 11,035 87.3% 29.6%

Daily Rental
Number of People Sold 50.0% 10 17 17 17 10 5 0 0 0 0 0 0 75 50.0%
Total Sales 25.7% 1,452 2,541 2,541 2,541 1,452 726 - - - - - - $ 11,253 100.0% 25.7%
Total COGS 28.7% 242 424 424 424 242 121 - - - - - - $ 1,876 16.7% 28.7%
Margin 25.1% 1,210 2,118 2,118 2,118 1,210 605 - - - - - - $ 9,378 83.3% 25.1%

Weekly Rental
Number of People Sold 14.5% 2 5 5 5 2 2 0 0 0 0 0 0 22 14.5%
Total Sales 24.8% 1,210 2,420 2,420 2,420 1,210 1,210 - - - - - - $ 10,890 100.0% 24.8%
Total COGS 28.3% 206 411 411 411 206 206 - - - - - - $ 1,851 17.0% 28.3%
Margin 24.2% 1,004 2,009 2,009 2,009 1,004 1,004 - - - - - - $ 9,039 83.0% 24.2%

Product 5
Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%

Product 6
Sold 0.0% 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0%
Total Sales 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total COGS 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Margin 0.0% - - - - - - - - - - - - $ - 0.0% 0.0%
Total Units Sold 18 33 33 33 21 13 0 0 0 0 0 0 150
Total Sales $ 5,082 $ 9,438 $ 9,438 $ 9,438 $ 6,111 $ 4,356 $ - $ - $ - $ - $ - $ - $ 43,863
Total Cost of Goods Sold $ 762 $ 1,416 $ 1,416 $ 1,416 $ 895 $ 641 $ - $ - $ - $ - $ - $ - $ 6,546
Total Margin $ 4,320 $ 8,022 $ 8,022 $ 8,022 $ 5,215 $ 3,715 $ - $ - $ - $ - $ - $ - $ 37,316

419123696.xlsx 3b-SalesForecastYrs1-3 05/03/2019 23:09:18

 Additional Inputs

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Accounts Receivable (A/R) Days Sales Outstanding

Percent of Collections Year 1 Year 2 Year 3
Paid within 30 days 100% 100% 100%
Paid between 30 and 60 days 0% 0% 0%
Paid in more than 60 days 0% 0% 0%
Allowance for bad debt 0% 0% 0%
This should equal 100% ----> 100% 100% 100%

Accounts Payable (A/P)

Percent of Disbursements Year 1 Year 2 Year 3
Paid within 30 days 100% 100% 100%
Paid between 30 and 60 days 0% 0% 0%
Paid in more than 60 days 0% 0% 0%
This should equal 100% ----> 100% 100% 100%

Line of Credit Assumptions

Desired Minimum Cash Balance 2000
Line of Credit Interest Rate 8.00%

Additional Fixed Assets Purchases

Septemb Novembe Decembe Year 2 Year 3
Fixed Assets Depreciation (years) May June July August October January February March April Year 1 Totals
er r r Total Total

Real Estate 20 $ - $ -
Leasehold Improvements 10 $ 10,000 $ 10,000 $ -
Equipment 10 $ 15,000 $ 15,000 $ -
Furniture and Fixtures 10 $ 5,000 $ 5,000 $ -
Vehicles 5 $ - $ -
Other Fixed Assets 5 $ - $ - $ - $ -
Total Additional Fixed Assets $ 30,000 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 30,000 $ - $ -

Income Tax Assumptions

Effective Income Tax Rate - Year 1 0.0%
Effective Income Tax Rate - Year 2 0.0%
Effective Income Tax Rate - Year 3 0.0%

Amortization of Start-Up Costs

Amortization Period in Years 7

419123696.xlsx 4-AdditionalInputs 05/03/2019 23:09:18

 Operating Expenses Year 1

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Septemb Novembe Decembe

May June July August er October r r January February March April Annual Totals
Expenses
Advertising $ -
Car and Truck Expenses $ -
Commissions and Fees $ -
Contract Labor (Not included in payroll) $ -
Insurance (other than health) 20 20 20 20 20 20 - $ 120
Legal and Professional Services $ -
Licenses $ -
Office Expense $ -
Rent or Lease -- Vehicles, Machinery, Equipment $ -
Rent or Lease -- Other Business Property $ -
Repairs and Maintenance 15 15 15 15 15 15 - $ 90
Supplies 75 75 75 75 75 75 - $ 450
Travel, Meals and Entertainment $ -
Utilities 50 50 50 50 50 50 - $ 300
Miscellaneous 10 10 10 10 10 10 - $ 60
Total Expenses $ 170 $ 170 $ 170 $ 170 $ 170 $ 170 $ - $ - $ - $ - $ - $ - $ 1,020

Other Expenses
Depreciation 381 381 381 381 381 381 381 381 381 381 381 381 $ 4,571
Interest
Commercial Loan 53 52 51 51 50 50 49 49 48 48 47 47 $ 596
Commercial Mortgage - - - - - - - - - - - - $ -
Credit Card Debt - - - - - - - - - - - - $ -
Vehicle Loans - - - - - - - - - - - - $ -
Other Bank Debt - - - - - - - - - - - - $ -
Line of Credit - - - - - - - - - - - - $ -
Bad Debt Expense - - - - - - - - - - - - $ -
Total Other Expenses $ 433 $ 433 $ 432 $ 432 $ 431 $ 431 $ 430 $ 430 $ 429 $ 429 $ 428 $ 428 $ 5,168
Total Fixed Operating Expenses $ 603 $ 603 $ 602 $ 602 $ 601 $ 601 $ 430 $ 430 $ 429 $ 429 $ 428 $ 428 $ 6,188

419123696.xlsx 5a-OpExYear1 05/03/2019 23:09:18

 Operating Expenses Years 1-3

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Line Item 2020 Growth Rate 1 to 2 2021 Growth Rate 2 to 3 2022

Advertising - 0.0% - 0.0% -
Car and Truck Expenses - 0.0% - 0.0% -
Commissions and Fees - 0.0% - 0.0% -
Contract Labor (Not included in payroll) - 0.0% - 0.0% -
Insurance (other than health) 120 0.0% 120 0.0% 120
Legal and Professional Services - 0.0% - 0.0% -
Licenses - 0.0% - 0.0% -
Office Expense - 0.0% - 0.0% -
Rent or Lease -- Vehicles, Machinery, Equipment - 0.0% - 0.0% -
Rent or Lease -- Other Business Property - 0.0% - 0.0% -
Repairs and Maintenance 90 0.0% 90 0.0% 90
Supplies 450 0.0% 450 0.0% 450
Travel, Meals and Entertainment - 0.0% - 0.0% -
Utilities 300 0.0% 300 0.0% 300
Miscellaneous 60 0.0% 60 0.0% 60
Total Expenses $ 1,020 0.0% $ 1,020 0.0% $ 1,020

Other Expenses
Depreciation 4,571 4,571 4,571
Interest
Commercial Loan 596 519 438
Commercial Mortgage - - -
Credit Card Debt - - -
Vehicle Loans - - -
Other Bank Debt - - -
Line of Credit - - -
Bad Debt Expense -

419123696.xlsx 5b-OpExYrs1-3 05/03/2019 23:09:18

 Operating Expenses Years 1-3

Total Other Expenses $ 5,168 $ 5,091 $ 5,009

Total Operating Expenses $ 6,188 $ 6,111 $ 6,029

419123696.xlsx 5b-OpExYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Year 1

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Septemb Novembe
May June July August er October r December January February March April Totals
Beginning Balance $ - $ 2,047 $ 7,153 $ 12,260 $ 17,367 $ 20,153 $ 21,700 $ 20,347 $ 18,993 $ 17,640 $ 16,287 $ 14,933
Cash Inflows
Cash Sales 4,200 7,800 7,800 7,800 5,050 3,600 - - - - - - $ 36,250
Accounts Receivable - - - - - - - - - - - - $ -
Total Cash Inflows $ 4,200 $ 7,800 $ 7,800 $ 7,800 $ 5,050 $ 3,600 $ - $ - $ - $ - $ - $ - $ 36,250

Cash Outflows
Investing Activities
New Fixed Asset Pur - - - - - - - - - - - - $ -
Additional Inventory - - - - - - - - - - - - $ -
Cost of Goods Sold 630 1,170 1,170 1,170 740 530 - - - - - - $ 5,410
Operating Activities
Operating Expenses 170 170 170 170 170 170 - - - - - - $ 1,020
Payroll 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 $ 14,400
Taxes - - - - - - - - - - - - $ -
Financing Activities
Loan Payments 153 153 153 153 153 153 153 153 153 153 153 153 $ 1,841
Owners Distribution - - - - - - - - - - - - $ -
Line of Credit Interest - - - - - - - - - - - $ -
Line of Credit Repay - - - - - - - - - - - - $ -
Dividends Paid - - - - - - - - - - - - $ -
Total Cash Outflows $ 2,153 $ 2,693 $ 2,693 $ 2,693 $ 2,263 $ 2,053 $ 1,353 $ 1,353 $ 1,353 $ 1,353 $ 1,353 $ 1,353 $ 22,670
Net Cash Flows $ 2,047 $ 5,107 $ 5,107 $ 5,107 $ 2,787 $ 1,547 $ (1,353) $ (1,353) $ (1,353) $ (1,353) $ (1,353) $ (1,353) $ 13,580
Operating Cash Balance $ 2,047 $ 7,153 $ 12,260 $ 17,367 $ 20,153 $ 21,700 $ 20,347 $ 18,993 $ 17,640 $ 16,287 $ 14,933 $ 13,580
Line of Credit Drawdown $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
Ending Cash Balance $ 2,047 $ 7,153 $ 12,260 $ 17,367 $ 20,153 $ 21,700 $ 20,347 $ 18,993 $ 17,640 $ 16,287 $ 14,933 $ 13,580
Line of Credit Balance $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -

419123696.xlsx 6a-CashFlowYear1 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

NOTE: To only view the annual total side-by-side, highlight columns C through N
Prepared By: Company Name: and right-click. Then select "Hide". Use the same procedure to Hide columns P through AA
B, O and AB, right-click and select "Unhide".
Hogan Davidson Hogan's Hookset

Septemb Novembe Decembe

Year 1 Totals May June July August er October r r
Beginning Balance $ 13,580 $ 15,937 $ 21,660 $ 27,383 $ 33,106 $ 36,277 $ 38,084 $ 36,514
Cash Inflows
Cash Sales ### 4,620 8,580 8,580 8,580 5,555 3,960 - -
Accounts Receivable $ - - - - - - - - -
Total Cash Inflows ### $ 4,620 $ 8,580 $ 8,580 $ 8,580 $ 5,555 $ 3,960 $ - $ -

Cash Outflows
Investing Activities
New Fixed Asset P $ - - - - - - - - -
Additional Invento $ - - - - - - - - -
Cost of Goods Sol ### 693 1,287 1,287 1,287 814 583 - -
Operating Activities
Operating Expens ### 85 85 85 85 85 85 85 85
Payroll ### 1,332 1,332 1,332 1,332 1,332 1,332 1,332 1,332
Taxes $ - - - - - - - - -
Financing Activities
Loan Payments ### 153 153 153 153 153 153 153 153
Owners Distribution $ - - - - - - - - -
Line of Credit Interes $ - - - - - - - - -
Line of Credit Repay $ - - - - - - - - -
Dividends Paid $ - - - - - - - - -
Total Cash Outflows ### $ 2,263 $ 2,857 $ 2,857 $ 2,857 $ 2,384 $ 2,153 $ 1,570 $ 1,570
Net Cash Flows ### $ 2,357 $ 5,723 $ 5,723 $ 5,723 $ 3,171 $ 1,807 $ (1,570) $ (1,570)
Operating Cash Balance $ 15,937 $ 21,660 $ 27,383 $ 33,106 $ 36,277 $ 38,084 $ 36,514 $ 34,944
Line of Credit Drawdown $ - $ - $ - $ - $ - $ - $ - $ - $ -
Ending Cash Balance $ 15,937 $ 21,660 $ 27,383 $ 33,106 $ 36,277 $ 38,084 $ 36,514 $ 34,944

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ - $ - $ - $ - $ - $ - $ - $ -

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

nual total side-by-side, highlight columns C through N

ct "Hide". Use the same procedure to Hide columns P through AA. To show them again, highlight columns
d select "Unhide".

January February March April Year 2 Totals

Beginning Balance $ 34,944 $ 33,374 $ 31,804 $ 30,234
Cash Inflows
Cash Sales - - - - $ 39,875
Accounts Receivable - - - - $ -
Total Cash Inflows $ - $ - $ - $ - $ 39,875

Cash Outflows
Investing Activities
New Fixed Asset P - - - - $ -
Additional Invento - - - - $ -
Cost of Goods Sol - - - - $ 5,951
Operating Activities
Operating Expens 85 85 85 85 $ 1,020
Payroll 1,332 1,332 1,332 1,332 $ 15,979
Taxes - - - -
Financing Activities
Loan Payments 153 153 153 153 $ 1,841
Owners Distribution - - - - $ -
Line of Credit Interes - - - - $ -
Line of Credit Repay - - - - $ -
Dividends Paid - - - - $ -
Total Cash Outflows $ 1,570 $ 1,570 $ 1,570 $ 1,570 $ 24,791
Net Cash Flows $ (1,570) $ (1,570) $ (1,570) $ (1,570) $ 15,084
Operating Cash Balance $ 33,374 $ 31,804 $ 30,234 $ 28,664
Line of Credit Drawdown $ - $ - $ - $ - $ -
Ending Cash Balance $ 33,374 $ 31,804 $ 30,234 $ 28,664

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ - $ - $ - $ -

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

Septemb Novembe Decembe

May June July August er October r r January
Beginning Balance $ 28,664 $ 31,133 $ 37,305 $ 43,477 $ 49,649 $ 53,014 $ 54,878 $ 53,028 $ 51,178
Cash Inflows
Cash Sales 5,082 9,438 9,438 9,438 6,111 4,356 - - -
Accounts Receivable - - - - - - - - -
Total Cash Inflows 5,082 9,438 9,438 9,438 6,111 4,356 - - -

Cash Outflows
Investing Activities
New Fixed Asset P - - - - - - - - -
Additional Invento - - - - - - - - -
Cost of Goods Sol 762 1,416 1,416 1,416 895 641 - - -
Operating Activities
Operating Expens 85 85 85 85 85 85 85 85 85
Payroll 1,612 1,612 1,612 1,612 1,612 1,612 1,612 1,612 1,612
Taxes - - - - - - - - -
Financing Activities
Loan Payments 153 153 153 153 153 153 153 153 153
Owners Distribution - - - - - - - - -
Line of Credit Interes - - - - - - - - -
Line of Credit Repay - - - - - - - - -
Dividends Paid - - - - - - - - -
Total Cash Outflows $ 2,613 $ 3,266 $ 3,266 $ 3,266 $ 2,746 $ 2,492 $ 1,850 $ 1,850 $ 1,850
Net Cash Flows $ 2,469 $ 6,172 $ 6,172 $ 6,172 $ 3,365 $ 1,864 $ (1,850) $ (1,850) $ (1,850)
Operating Cash Balance $ 31,133 $ 37,305 $ 43,477 $ 49,649 $ 53,014 $ 54,878 $ 53,028 $ 51,178 $ 49,327
Line of Credit Drawdown $ - $ - $ - $ - $ - $ - $ - $ - $ -
Ending Cash Balance $ 31,133 $ 37,305 $ 43,477 $ 49,649 $ 53,014 $ 54,878 $ 53,028 $ 51,178 $ 49,327

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ - $ - $ - $ - $ - $ - $ - $ - $ -

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

February March April Year 3 Totals

Beginning Balance $ 49,327 $ 47,477 $ 45,627
Cash Inflows
Cash Sales - - - $ 43,863
Accounts Receivable - - - $ -
Total Cash Inflows - - - $ 43,863

Cash Outflows
Investing Activities
New Fixed Asset P - - - $ -
Additional Invento - - - $ -
Cost of Goods Sol - - - $ 6,546
Operating Activities
Operating Expens 85 85 85 $ 1,020
Payroll 1,612 1,612 1,612 $ 19,343
Taxes - - - $ -
Financing Activities
Loan Payments 153 153 153 $ 1,841
Owners Distribution - - - $ -
Line of Credit Interes - - - $ -
Line of Credit Repay - - - $ -
Dividends Paid - - - $ -
Total Cash Outflows $ 1,850 $ 1,850 $ 1,850 $ 28,750
Net Cash Flows $ (1,850) $ (1,850) $ (1,850) $ 15,113
Operating Cash Balance $ 47,477 $ 45,627 $ 43,776
Line of Credit Drawdown $ - $ - $ - $ -
Ending Cash Balance $ 47,477 $ 45,627 $ 43,776

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Cash Flow Forecast Years 1-3

Line of Credit Balance $ - $ - $ -

419123696.xlsx 6b-CashFlowYrs1-3 05/03/2019 23:09:18

 Income Statement Year 1

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Septembe
May June July August r October November December
Revenue
1/2 Day Guide Service 900 1,500 1,500 1,500 1,200 900 - -
Full Day Guide Service 1,100 2,200 2,200 2,200 1,650 1,100 - -
Daily Rental 1,200 2,100 2,100 2,100 1,200 600 - -
Weekly Rental 1,000 2,000 2,000 2,000 1,000 1,000 - -
Product 5 - - - - - - - -
Product 6 - - - - - - - -
Total Revenue $ 4,200 $ 7,800 $ 7,800 $ 7,800 $ 5,050 $ 3,600 $ - $ -
Cost of Goods Sold
1/2 Day Guide Service 120 200 200 200 160 120 - -
Full Day Guide Service 140 280 280 280 210 140 - -
Daily Rental 200 350 350 350 200 100 - -
Weekly Rental 170 340 340 340 170 170 - -
Product 5 - - - - - - - -
Product 6 - - - - - - - -
Total Cost of Goods Sold $ 630 $ 1,170 $ 1,170 $ 1,170 $ 740 $ 530 $ - $ -
Gross Margin $ 3,570 $ 6,630 $ 6,630 $ 6,630 $ 4,310 $ 3,070 $ - $ -
Payroll $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 1,200
Operating Expenses
Advertising - - - - - - - -
Car and Truck Expenses - - - - - - - -
Commissions and Fees - - - - - - - -
Contract Labor (Not included in payroll) - - - - - - - -
Insurance (other than health) 20 20 20 20 20 20 - -
Legal and Professional Services - - - - - - - -
Licenses - - - - - - - -
Office Expense - - - - - - - -

419123696.xlsx 7a-IncomeStatementYear1 05/03/2019 23:09:18

 Income Statement Year 1

Rent or Lease -- Vehicles, Machinery, Equipment - - - - - - - -

Rent or Lease -- Other Business Property - - - - - - - -
Repairs and Maintenance 15 15 15 15 15 15 - -
Supplies 75 75 75 75 75 75 - -
Travel, Meals and Entertainment - - - - - - - -
Utilities 50 50 50 50 50 50 - -
Miscellaneous 10 10 10 10 10 10 - -
Other Expense 1
Other Expense 2
Total Operating Expenses $ 170 $ 170 $ 170 $ 170 $ 170 $ 170 $ - $ -
Income (Before Other Expenses) $ 2,200 $ 5,260 $ 5,260 $ 5,260 $ 2,940 $ 1,700 $ (1,200) $ (1,200)
Other Expenses
Amortized Start-up Expenses 54 54 54 54 54 54 54 54
Depreciation 381 381 381 381 381 381 381 381
Interest
Commercial Loan 53 52 51 51 50 50 49 49
Commercial Mortgage - - - - - - - -
Credit Card Debt - - - - - - - -
Vehicle Loans - - - - - - - -
Other Bank Debt - - - - - - - -
Line of Credit - - - - - - - -
Bad Debt Expense - - - - - - - -
Total Other Expenses 487 487 486 486 485 484 484 483
Net Income Before Income Tax $ 1,713 $ 4,774 $ 4,774 $ 4,775 $ 2,455 $ 1,216 $ (1,684) $ (1,683)
Income Tax $ - $ - $ - $ - $ - $ - $ - $ -
Net Profit/Loss $ 1,713 $ 4,774 $ 4,774 $ 4,775 $ 2,455 $ 1,216 $ (1,684) $ (1,683)

419123696.xlsx 7a-IncomeStatementYear1 05/03/2019 23:09:18

 Income Statement Year 1

January February March April Annual Totals

- - - - $ 7,500
- - - - $ 10,450
- - - - $ 9,300
- - - - $ 9,000
- - - - $ -
- - - - $ -
$ - $ - $ - $ - $ 36,250

- - - - $ 1,000
- - - - $ 1,330
- - - - $ 1,550
- - - - $ 1,530
- - - - $ -
- - - - $ -
$ - $ - $ - $ - $ 5,410
$ - $ - $ - $ - $ 30,840
$ 1,200 $ 1,200 $ 1,200 $ 1,200 $ 14,400

- - - - $ -
- - - - $ -
- - - - $ -
- - - - $ -
- - - - $ 120
- - - - $ -
- - - - $ -
- - - - $ -

419123696.xlsx 7a-IncomeStatementYear1 05/03/2019 23:09:18

 Income Statement Year 1

- - - - $ -
- - - - $ -
- - - - $ 90
- - - - $ 450
- - - - $ -
- - - - $ 300
- - - - $ 60

$ - $ - $ - $ - $ 1,020
$ (1,200) $ (1,200) $ (1,200) $ (1,200) $ 15,421

54 54 54 54 $ 643
381 381 381 381 $ 4,571

48 48 47 47 $ 596
- - - - $ -
- - - - $ -
- - - - $ -
- - - - $ -
- - - - $ -
- - - - $ -
483 482 482 481 $ 5,810
$ (1,683) $ (1,682) $ (1,682) $ (1,681) $ 9,610
$ - $ - $ - $ - $ -
$ (1,683) $ (1,682) $ (1,682) $ (1,681) $ 9,610

419123696.xlsx 7a-IncomeStatementYear1 05/03/2019 23:09:18

 Income Statement Years 1-3

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Revenue 2020 2021 2022

1/2 Day Guide Service 7,500 8,250 9,075
Full Day Guide Service 10,450 11,495 12,645
Daily Rental 9,300 10,230 11,253
Weekly Rental 9,000 9,900 10,890
Product 5 - - -
Product 6 - - -
Total Revenue $ 36,250 100% $ 39,875 100% $ 43,863 100%
Cost of Goods Sold
1/2 Day Guide Service 1,000 1,100 1,210
Full Day Guide Service 1,330 1,463 1,609
Daily Rental 1,550 1,705 1,876
Weekly Rental 1,530 1,683 1,851
Product 5 - - -
Product 6 - - -
Total Cost of Goods Sold 5,410 15% 5,951 15% 6,546 15%
Gross Margin 30,840 85% 33,924 85% 37,316 85%
Payroll 14,400 15,979 19,343
Operating Expenses
Advertising - - -
Car and Truck Expenses - - -
Commissions and Fees - - -
Contract Labor (Not included in payroll) - - -
Insurance (other than health) 120 120 120
Legal and Professional Services - - -
Licenses - - -
Office Expense - - -
Rent or Lease -- Vehicles, Machinery, Equipment - - -
Rent or Lease -- Other Business Property - - -
Repairs and Maintenance 90 90 90
Supplies 450 450 450
Travel, Meals and Entertainment - - -
Utilities 300 300 300
Miscellaneous 60 60 60
Other Expense 1
Other Expense 2

Total Operating Expenses $ 1,020 3% $ 1,020 3% $ 1,020 2%

Income (Before Other Expenses) $ 15,421 43% $ 16,925 42% $ 16,953 39%

Other Expenses
Amortized Start-up Expenses 643 643 643

Depreciation 4,571 4,571 4,571

Interest
Commercial Loan 596 519 438

Commercial Mortgage - - -
Credit Card Debt - - -

Vehicle Loans - - -

Other Bank Debt - - -

Line of Credit - - -

Bad Debt Expense - - -

Total Other Expenses $ 5,810 16% $ 5,734 14% $ 5,652 13%

Net Income Before Income Tax $ 9,610 $ 11,191 $ 11,301

Income Tax $ - $ - $ -
Net Income/Loss $ 9,610 27% $ 11,191 28% $ 11,301 26%

419123696.xlsx 7b-IncomeStatementYrs1-3 05/03/2019 23:09:18

 Balance Sheet Years 1-3

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

ASSETS 2020 2021 2022

Current Assets
Cash 13,580 28,664 43,776
Accounts Receivable - - -
Inventory 1,000 1,000 1,000
Prepaid Expenses 3,857 3,214 2,571
Other Initial Costs - - -
Total Current Assets $ 18,437 $ 32,878 $ 47,348

Fixed Assets
Real Estate -- Land - - -
Real Estate -- Buildings - - -
Leasehold Improvements 10,000 10,000 10,000
Equipment 15,000 15,000 15,000
Furniture and Fixtures 5,000 5,000 5,000
Vehicles - - -
Other - - -
Total Fixed Assets $ 30,000 $ 30,000 $ 30,000
(Less Accumulated Depreciation) $ 4,571 $ 9,143 $ 13,714
Total Assets $ 43,865 $ 53,735 $ 63,633

LIABILITIES & EQUITY

Liabilities
Accounts Payable - - -
Commercial Loan Balance 9,255 7,934 6,531
Commercial Mortgage Balance - - -
Credit Card Debt Balance - - -
Vehicle Loans Balance - - -
Other Bank Debt Balance - - -
Line of Credit Balance - - -
Total Liabilities $ 9,255 $ 7,934 $ 6,531
Equity
Common Stock 25,000 25,000 25,000
Retained Earnings 9,610 20,801 32,102
Dividends Dispersed/Owners Draw - - -
Total Equity $ 34,610 $ 45,801 $ 57,102
Total Liabilities and Equity $ 43,865 $ 53,735 $ 63,633

$ - $ - $ -
Balance sheet in or out of balance?
Balanced! Balanced! Balanced!

419123696.xlsx 8-BalanceSheet 05/03/2019 23:09:18

 Breakeven Analysis

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Gross Margin % of Sales

Gross Margin $ 30,840
Total Sales $ 36,250
Gross Margin/Total Sales 85.1%
Total Fixed Expenses

$ 14,399.50
Payroll

$ 6,187.57
Operating Expenses
Operating + Payroll $ 20,587

Breakeven Sales in Dollars (Annual)

85.1%
Gross Margin % of Sales

$ 20,587
Total Fixed Expenses

$ 24,198
Yearly Breakeven Amount
Monthly Breakeven Amount $ 2,017

419123696.xlsx BreakevenAnalysis 05/03/2019 23:09:19

 Financial Ratios - Year 1

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Ratios Year One Year Two Year Three Industry Norms Notes
Liquidity
Current Ratio 2.0 4.1 7.2
Quick Ratio 1.5 3.6 6.7
Safety
Debt to Equity Ratio 0.3 0.2 0.1
Debt-Service Coverage Ratio - DSCR 1.5 2.0 2.4
Profitability
Sales Growth 0.0% 10.0% 10.0%
COGS to Sales 14.9% 14.9% 14.9%
Gross Profit Margin 85.1% 85.1% 85.1%
SG&A to Sales 42.5% 42.6% 46.4%
Net Profit Margin 26.5% 28.1% 25.8%
Return on Equity (ROE) 27.8% 24.4% 19.8%
Return on Assets 21.9% 20.8% 17.8%
Owner's Compensation to Sales 35.9% 35.9% 39.1%
Efficiency
Days in Receivables 0.0 0.0 0.0
Accounts Receivable Turnover 0.0 0.0 0.0
Days in Inventory 66.5 61.3 55.8
Inventory Turnover 5.4 6.0 6.5
Sales to Total Assets 0.8 0.7 0.7

419123696.xlsx FinancialRatios 05/03/2019 23:09:19

 Diagnostic Tools - Year 1
Prepared By:
Hogan Davidson
General Financing Assumptions
Owner's Cash Injection into the Business
Cash Request as percent of Total Required Funds
Loan Assumptions
Commercial Loan Interest rate
Commercial Loan Term in Months
Commercial Mortgage Interest rate
Commercial Mortgage Term in Months
Debt-Service Coverage
Income Statement
Gross Margin as a Percent of Sales
Owner's Compensation Lower Limit Check
Owner's Compensation Upper Limit Check
Advertising Expense Levels as a Percent of Sales
Profitability Levels
Profitability as a Percent of Sales
Cash Flow Statement
Desired Operating cash Flow Levels
Line of Credit Drawdowns
Accounts Receivable Ratio to Sales
Balance Sheet
Does the Year 1 Balance Sheet Balance?
Debt to Equity Ratio
Breakeven Analysis
Do Sales Exceed the Breakeven Level?
419123696.xlsx
Company Name:
Hogan's Hookset
Value Findings
28.2% Owner's injection is reasonable
0.0% Cash request seems reasonable with respect to total request
Value Findings
6.0% Interest rate seems reasonable
84 Loan term seems within range for this type of loan
5.0% Interest rate may be too low for type of loan requested
240 Loan term seems within range for this type of loan
153.2% Calculated loan payments relative to operating proft may be too high
Value Findings
85.1% Gross margin percentage seems reasonable
$ 13,000 An owner's compensation amount has been established
135.3% Owner's compensation may be too high relative to profitability of business
0.0% Advertising as a percent of sales may be too low
$ 9,610 The business is showing a profit
26.5% The projection may be too aggressive in stating profitability
Value Findings
$ - The financial projection provides the desired level of cash flow
$ - The business doesn't seem to require a line of credit
0.0% Accounts receivable amount as a percent of sales seems reasonable
Value Findings
$ - The balance sheet does balance
26.7% Very comfortable
Value Findings
$ 12,052 The sales projection exceeds the projected break-even sales level
DiagnosticTools 05/03/2019 23:09:19
 COGS Calculator

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset

Variable Costs of Products

Timeframe: Month
Product Line: Widget
Raw materials
Labor used to produce product
Costs associated with shipping and storing raw materials
Production facility expenses (use fraction of total if facility is used for other
items)
Total Product Expenses $ -
Number Units Sold in timeframe used
Cost of Goods Sold Per Unit Please enter all information.

Variable Costs of Services

Timeframe: Month
Product Line: Project
Amount spent on labor during timeframe
Amount spent on materials during this timeframe

List any other variable costs associated with the delivery of your service during
this timeframe.
Total Service Expenses $ -
Number Units Sold During Timeframe
Cost of Goods Sold Per Unit Please enter all information.

419123696.xlsx COGS Calculator 05/03/2019 23:09:19

 Amortization and Depreciation Schedule

Prepared By: Company Name:

Hogan Davidson Hogan's Hookset Return to Starting Point

Commercial Loan
Principal Amount $ 10,500
Interest Rate 6.00%
Loan Term in Months 84.00
Monthly Payment Amount $153.39
May June July August September October November December January February
Year One
Interest 53 52 51 51 50 50 49 49 48 48
Principal 101 101 102 102 103 103 104 104 105 106
Loan Balance 10,399 10,298 10,196 10,093 9,990 9,887 9,783 9,679 9,574 9,468
Year Two
Interest 46 46 45 45 44 44 43 42 42 41
Principal 107 108 108 109 109 110 110 111 111 112
Loan Balance 9,148 9,041 8,933 8,824 8,715 8,605 8,494 8,383 8,272 8,160
Year Three
Interest 40 39 39 38 37 37 36 36 35 34
Principal 114 114 115 115 116 117 117 118 118 119
Loan Balance 7,820 7,706 7,591 7,476 7,360 7,243 7,126 7,008 6,890 6,771

Commercial Mortgage
Principal Amount $ -
Interest Rate 5.00%
Loan Term in Months 240.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
 Amortization and Depreciation Schedule

Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
 Amortization and Depreciation Schedule

Credit Card Debt

Principal Amount $ -
Interest Rate 18.00%
Loan Term in Months 60.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -

Vehicle Loans
Principal Amount $ -
Interest Rate 6.00%
Loan Term in Months 48.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
 Amortization and Depreciation Schedule

Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
 Amortization and Depreciation Schedule

Other Bank Debt

Principal Amount $0.00
Interest Rate 6.00%
Loan Term in Months 36.00
Monthly Payment Amount $0.00
May June July August September October November December January February
Year One
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Two
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -
Year Three
Interest - - - - - - - - - -
Principal - - - - - - - - - -
Loan Balance - - - - - - - - - -

Depreciation
Real Estate-Buildings 20
Leasehold Improvements 7
Equipment 7
Furniture and Fixtures 5
Vehicles 5
Other 5
May June July August September October November December January February
Year One
Starting Depreciation 381 381 381 381 381 381 381 381 381 381
 Amortization and Depreciation Schedule

Additional Depreciation - - - - - - - - - -
Ending Depreciation 381 381 381 381 381 381 381 381 381 381
Year Two
Starting Depreciation 381 381 381 381 381 381 381 381 381 381
Additional Depreciation - - - - - - - - - -
Ending Depreciation 381 381 381 381 381 381 381 381 381 381
Year Three
Starting Depreciation 381 381 381 381 381 381 381 381 381 381
Additional Depreciation - - - - - - - - - -
Ending Deprecation 381 381 381 381 381 381 381 381 381 381
 Amortization and Depreciation Schedule

Amortization of Start-Up
Costs Monthly
Prepaid Expenses $ 4,500
Total Expensed each Year $ 643 54
Other Initial Costs $ -
Total Expensed each Year $ - 0
Prepaid Expenses May June July August September October November December January February
Year One
Amount Amortized 54 54 54 54 54 54 54 54 54 54
Total Amortized 54 107 161 214 268 321 375 429 482 536
Year Two
Amount Amortized 54 54 54 54 54 54 54 54 54 54
Total Amortized 696 750 804 857 911 964 1,018 1,071 1,125 1,179
Year Three
Amount Amortized 54 54 54 54 54 54 54 54 54 54
Total Amortized 1,339 1,393 1,446 1,500 1,554 1,607 1,661 1,714 1,768 1,821

Septemb Novembe Decembe

Other Initial Costs May June July August er October r r January February
Year One
Amount Amortized - - - - - - - - - -
Total Amortized - - - - - - - - - -
Year Two
Starting Depreciation - - - - - - - - - -
Ending Depreciation - - - - - - - - - -
Year Three
Starting Depreciation - - - - - - - - - -
Ending Deprecation - - - - - - - - - -
 Amortization and Depreciation Schedule

March April Totals

47 47 $ 596
106 107 $ 1,245
9,362 9,255

41 40 $ 519
113 113 $ 1,321
8,047 7,934

34 33 $ 438
120 120 $ 1,403
6,652 6,531

March April Totals

 Amortization and Depreciation Schedule

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -
 Amortization and Depreciation Schedule

March April Totals

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

March April Totals

- - $ -
- - $ -
- -
 Amortization and Depreciation Schedule

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -
 Amortization and Depreciation Schedule

March April Totals

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

- - $ -
- - $ -
- -

March April Totals

381 381 $ 4,571

 Amortization and Depreciation Schedule

- -
381 381 $ 4,571

381 381 $ 4,571

- -
381 381 $ 4,571

381 381 $ 4,571

- -
381 381 $ 4,571
 Amortization and Depreciation Schedule

March April Totals

54 54 $ 643
589 643

54 54 $ 643
1,232 1,286

54 54 $ 643
1,875 1,929

March April Totals

- - $ -
- -

- - $ -
- -

- - $ -
- -
Date Last Revised Revised By Notes

Tab 3a, cell O55: added margin from 6th product.

Tab 3b, cells O49 and AD49: added margins from 6th
product. Tab 7b: added % sales for lines 23 and 59
6/21/2013 Heather Hendy for all three years.

Updated Tabs 5a, 5b, 7a, and 7b to automatically

carry over debt categories from Tab 1 in case they
are edited. Updated Tabs 5b, 7a and 7b to carry over
expense categories from tab 5a in case they are
7/14/2013 Heather Hendy edited.

Tab 8 Balance Sheet Cell F41 comes from E41 + tab

6b cell AB24 + tab 6b cell AB27.
However tab 6b cell AB27 did not have a sum total in
the cell.
So when paying Dividends in Year 3 the total for the
year is not calculated and carried over to the Balance
4/23/2014 Heather Hendy Sheet. This has now been updated.

Comments were added to the calculation for Social

Security taxes to clarify that salaries above the wage
base limited ($117,000 currently) will cause the
estimate to be overstated and will require manual
11/12/2015 Joe Clarke calculation.

2/10/2016 Joe Clarke Corrected an error (typo) in Amortization Table.

Corrected an error in the calculation of Income Tax

for Year 3 on Tab 7b and set defaults on Tab 4 to
4/3/2016 Joe Clarke those needed by most startups.

Corrected the calculation of income tax on Tabs 7a

and 7b to realize interest expenses from all loan
5/18/2016 Joe Clarke types as well as bad debt.

Tab 3 b 1-3 year sales forecast correct formula in col

Q and col AF referenced the incorrect totals at the
bottom of the sheet. Col Q, The incorrect formula
was referencing cell O52, O53, O54, O55 needed to
reference O46, O47, O48, O49. Col AF, The incorrect
formula was referencing cell O52, O53, O54, O55
6/7/2018 Michael Gilman needed to reference AD46, AD47, AD48, AD49.

Updated on the Amortization&Depreciation tab rows

122 and 126 all the formluas were incorrectly
dividing the number twice by 12 months it should
have been only divided once. I have changed it and
1/29/2019 Michael Gilman verified everything updates correctly now.
 Updated missing forumla on Additional Input sheet
2/19/2019 Mihcael Gilman P31 should be =sum(D31:O31)