Sweet Beginnings Co.

Balance Sheet
2016 2015
Cash 360,115.82 641,123.00
Accounts Receivable 4,224,947.50 3,379,958.00
Inventories 1,076,000.00 1,076,000.00
Short Term Investments
Total Current Assets 5,661,063.32 5,097,081.00

Property, Plant and Equipment 9,896,000.00 8,696,000.00

Accumulated Depreciation 2,268,100.00 1,278,500.00
Property, Plant and Equipment, Net 7,627,900.00 7,417,500.00
Total Non Current Asset 7,627,900.00 7,417,500.00
Total Assets 13,288,963.32 12,514,581.00

Accounts Payable 654,234.00

Short term borrowings 587,575.00
Payable to PPE supplier 1,200,000.00
Accrued Taxes 434,574.63 1,321,900.00
Total current Liabilities 1,634,574.63 2,563,709.00

Owners Equity 16,899,845.38 9,950,872.00

Total Liabilities and Equity 18,534,420.01 12,514,581.00

Note 5
Owner's Equity
Owner's Equity, 20x5 9,950,872.00
Net Income 8,748,973.38
Dividends Paid 1,800,000.00
Owner's Equity, 20x6 16,899,845.38
 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
Gross Sales 6404640 39338507 27871412.5 9179862.5 82,794,422.00
Cost of Goods Sold 5,664,264.00 28,992,479.00 20,541,231.00 6,765,559.00 61,963,533.00
Gross Profit 740,376.00 10,346,028.00 7,330,181.50 2,414,303.50 20,830,889.00
Optional StandardDeduction 296,150.40 4,138,411.20 2,932,072.60 965,721.40 8,332,355.60
PreTax Profit 444,225.60 6,207,616.80 4,398,108.90 1,448,582.10 12,498,533.40
IncomeTax 133,267.68 1,862,285.04 1,319,432.67 434,574.63 3,749,560.02
Net Profit 310,957.92 4,345,331.76 3,078,676.23 1,014,007.47 8,748,973.38
 Notes January February March

Cash Receipts From Collections 2,212,016.00 1821337.2 1956921.6

Less: Purchase of Raw Materials 1985504.4 4,428,459.75 7,591,641.20
Less: Payment for Salaries and Wages 487771.5106 409,319.54 611,934.38
Less: Payment to Delivery Contractors 49004.64 73262.16 108300.24
Less: Dividends Paid 450000
Less: Income Tax Paid
Net Cash Flow -310264.5506 -3089704.25 -6804954.22
Add: Beginning Cash
Less: Required Ending Balance
Add: Return on Investment (12%)
Less: Interest on Borowing (16%)
Less: Repayment of Principal
Add: Liquidation
Required Financing
Excess Cash - 310,264.55 - 3,089,704.25 - 6,804,954.22

Loan Balance, Beginning

Add: Required Financing
Less: Repayments
Loan Balance, End

Investment Balance, Beginning

Add: Excess Cash
Less: Liquidation
Investment Balance, End

Required Financing
Net Cash Flows -1801007
Beginning Cash 641,123.00
Required Ending Balance 640000
Payable to Supplier 1200000
Total Required Financing - 2,999,884.00
April May June July August September

2909246.4 5386702.8 10352240.6 15275301.6 16728151.8 12497892.5

9616077.9 8577091.875 4318964.375 2433220.625 2068233.75 1642423.75
904,595.84 2,017,606.24 3,458,751.66 4,381,084.96 3,907,723.02 1,967,720.08
241552.35 10,172,799.00 524513.34 467841.375 235579.875 132721.125
450000 450000
133,267.68 1,862,285.04
-7852979.69 -15514061.995 1600011.225 7993154.64 8654330.115 8305027.545

- 7,852,979.69 - 15,514,062.00 1,600,011.23 7,993,154.64 8,654,330.12 8,305,027.55

 20X6
October November December Total

6481212.5 4158592.5 3450745 83,230,360.50

1338266.875 1,078,102.08 1,611,767.52 46,689,754.10
1,108,575.44 942,287.22 748,288.32 20,945,658.21
112812.75 89586.75 72996.375 12,280,969.98
450000 1,800,000.00
1,319,432.67 3,314,985.39
3921557.435 729183.78 567692.785 - 1,801,007.18
641,123.00
640,000.00
3,000,000.00
480,000.00

- 1,799,884.18
3,921,557.44 729,183.78 567,692.79 - 1,159,884.18 Since there is a deficiency in cash, we need to plan on fina

587,575.00
2,999,884.18 see computation below
1,000,000.00 699,494.05
2,587,459.18

9,549,900.00
- 1,159,884.18
ash, we need to plan on financing the period's cash needs from other sources
 Notes January February March

Cash Receipts From Collections 2,212,016.00 1821337.2 1956921.6

Less: Purchase of Raw Materials 1985504.4 4,428,459.75 7,591,641.20
Less: Payment for Salaries and Wages 487771.5106 409,319.54 611,934.38
Less: Payment to Delivery Contractors 49004.64 73262.16 108300.24
Less: Dividends Paid 450000
Less: Income Tax Paid
Net Cash Flow -310264.5506 -3089704.25 -6804954.22
Add: Beginning Cash
Less: Required Ending Balance 640000 640000 640000
Add: Return on Investment (12%)
Less: Interest on Borowing (16%)
Less: Repayment of Principal
Add: Liquidation
Estimated Ending Cash Balance - 310,264.55 - 3,089,704.25 - 6,804,954.22

Required Financing
Excess Cash - 310,264.55 - 3,089,704.25 - 6,804,954.22
April May June July August September

2909246.4 5386702.8 10352240.6 15275301.6 16728151.8 12497892.5

9616077.9 8577091.875 4318964.375 2433220.625 2068233.75 1642423.75
904,595.84 2,017,606.24 3,458,751.66 4,381,084.96 3,907,723.02 1,967,720.08
241552.35 10,172,799.00 524513.34 467841.375 235579.875 132721.125
450000 450000
133,267.68 1,862,285.04
-7852979.69 -15514061.995 1600011.225 7993154.64 8654330.115 8305027.545

640000 640000 640000 640000 640000 640000

- 7,852,979.69 - 15,514,062.00 1,600,011.23 7,993,154.64 8,654,330.12 8,305,027.55

- 7,852,979.69 - 15,514,062.00 1,600,011.23 7,993,154.64 8,654,330.12 8,305,027.55

 20X6
October November December Total

6481212.5 4158592.5 3450745 83,230,360.50

1338266.875 1,078,102.08 1,611,767.52 46,689,754.10
1,108,575.44 942,287.22 748,288.32 20,945,658.21
112812.75 89586.75 72996.375 12,280,969.98
450000 1,800,000.00
1,319,432.67 3,314,985.39
3921557.435 729183.78 567692.785 - 1,801,007.18
641,123.00
640000 640000 640000 640,000.00
3,000,000.00 * make assumptions for your cash budget, you can chan
480,000.00
1,000,000.00

3,921,557.44 729,183.78 567,692.79 360,115.82

- 1,799,884.18
3,921,557.44 729,183.78 567,692.79 - 1,159,884.18 Since there is a deficiency in cash, we need to plan on fin
your cash budget, you can change the amounts indicated

y in cash, we need to plan on financing the period's cash needs from other sources
 Income Statement
Notes 2016 2015 2014
Gross Sales 1 84,075,350 66,306,050 55,546,936
Cost of Goods Sold 2 61,963,533 46,398,029 38,327,385
Gross Profit 22,111,817 19,908,021 17,219,551
Delivery Fees 3 2,522,261 1,989,182 1,666,408
Operating Expenses 5,044,521 4,159,275 3,012,444
Depreciation 869,600 869,600 869,600
Interest Expense 1,240,000 910,000
PreTax Profit 13,675,436 11,649,964 10,761,099
Income Tax 3,583,444 3,099,519
Net Profit 13,675,436 8,066,520 7,661,580

s
 SALES
Month 2015 2016 2017
January 1,361,240 1,633,488 1,960,185.60
February 2,035,060 2,442,072 2,930,486.40
March 3,008,340 3,610,008 4,332,009.60
April 6,193,650 8,051,745 10,467,268.50
May 10,617,680 13,802,984 17,943,879.20
June 13,449,060 17,483,778 22,728,911.40
July 12,475,770 15,594,713 19,493,390.63
August 6,282,130 7,852,663 9,815,828.13
September 3,539,230 4,424,038 5,530,046.88
October 3,008,340 3,760,425 4,700,531.25
November 2,388,980 2,986,225 3,732,781.25
December 1,946,570 2,433,213 3,041,515.63
66,306,050 84,075,350
 Cost of Goods Sold Cost of Goods Sold Inventories, 20x6 Inventories, 20x5
2015 2,016.00
January 1003233.88 1,203,881.00 1,076,000.00 1,076,000.00
February 1499839.22 1,799,807.00 1,076,000.00 1,076,000.00
March 2217146.58 2,660,576.00 1,076,000.00 1,076,000.00
April 4564720.05 5,934,136.00 1,076,000.00 1,076,000.00
May 7825230.16 10,172,799.00 1,076,000.00 1,076,000.00
June 9911957.22 12,885,544.00 1,076,000.00 1,076,000.00
July 9194642.49 11,493,303.00 1,076,000.00 1,076,000.00
August 4629929.81 5,787,412.00 1,076,000.00 1,076,000.00
September 2608412.51 3,260,516.00 1,076,000.00 1,076,000.00
October 2217146.58 2,771,433.00 1,076,000.00 1,076,000.00
November 1760678.26 2,200,848.00 1,076,000.00 1,076,000.00
December 1434622.09 1,793,278.00 1,076,000.00 1,076,000.00
Total 48867558.85 61,963,533.00
Purchases

1,203,881.00
1,799,807.00
2,660,576.00
5,934,136.00
10,172,799.00
12,885,544.00
11,493,303.00
5,787,412.00
3,260,516.00
2,771,433.00
2,200,848.00
1,793,278.00
61,963,533.00
 40% of last months sale 60% of sales from Cash Collections
January 778,628.00 1,433,388.00 2,212,016.00
February 653,395.20 1,167,942.00 1,821,337.20
March 976,828.80 980,092.80 1,956,921.60
April 1,444,003.20 1,465,243.20 2,909,246.40
May 3,220,698.00 2,166,004.80 5,386,702.80
June 5,521,193.60 4,831,047.00 10,352,240.60
July 6,993,511.20 8,281,790.40 15,275,301.60
August 6,237,885.00 10,490,266.80 16,728,151.80
September 3,141,065.00 9,356,827.50 12,497,892.50
October 1,769,615.00 4,711,597.50 6,481,212.50
November 1,504,170.00 2,654,422.50 4,158,592.50
December 1,194,490.00 2,256,255.00 3,450,745.00
Total 83,230,360.50
Accounts Receivable
Accounts Receivable, Beg 3,379,958.00
Add:Sales 84,075,350.00
Less: Collections 83,230,360.50
Accounts Receivable, End 4,224,947.50
Accounts Payable
20X5
Accounts Payable, Beg 654,234.00
Purchases 61,963,532.95 46,398,029.00
Operating Expenses 5,044,521.00
Less:Cash Payments for Raw Materials
Less: Cash Payment for Salaries and Wages
Accounts Payable, End

20X5
Purchases
Cost of Goods Sold 61,963,532.95 46,398,029.00
Inventory 20X6 1,076,000.00 1,076,000.00
Less: Inventory 20X5 1,076,000.00 1,076,000.00
Purchases 61,963,532.95 46,398,029.00