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Jecs Coffee Shop Financial Performance 2019

This document projects the financial performance of JECS Coffee Shop for the year ended December 31, 2019. It shows projected sales, costs of sales, gross income, expenses (including salaries, utilities, supplies, interest, advertising, depreciation, taxes), income before tax, tax, and net income for October, November and December. Total projected sales for the year are $7,905,600, with total expenses of $1,003,173.79, income before tax of $2,158,066.21 and net income of $1,511,346.35.

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70 views1 page

Jecs Coffee Shop Financial Performance 2019

This document projects the financial performance of JECS Coffee Shop for the year ended December 31, 2019. It shows projected sales, costs of sales, gross income, expenses (including salaries, utilities, supplies, interest, advertising, depreciation, taxes), income before tax, tax, and net income for October, November and December. Total projected sales for the year are $7,905,600, with total expenses of $1,003,173.79, income before tax of $2,158,066.21 and net income of $1,511,346.35.

Uploaded by

blueviolet21
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

JECS COFFEE SHOP

PROJECTED STATEMENT OF FINANCIAL PERFORMANCE


FOR THE YEAR ENDED DECEMBER 31. 2019

PARTICULARS OCTOBER NOVEMBER DECEMBER


SALES 2,635,200.00 2,635,200.00 2,635,200.00
Less: COST OF SALES 1,581,120.00 1,581,120.00 1,581,120.00
GROSS INCOME 1,054,080.00 1,054,080.00 1,054,080.00

Less: EXPENSES
SALARIES & WAGES 108,028.00 108,028.00 216,056.00
EMPLOYEE BENEFITS 10,020.40 10,020.40 10,020.40
UTILITIES EXPENSE 12,821.00 12,821.00 12,821.00
INSTALLATION COST - - -
SUPPLIES EXPENSE 700.00 700.00 700.00
INTEREST EXPENSE 3,000.00 3,000.00 3,000.00
ADVERTISING EXPENSES 52,704.00 52,704.00 52,704.00
LEGAL EXPENSES - - -
DEPRECIATION EXPENSE 10,970.93 10,970.93 10,970.93
MISCELLANEOUS EXPENSES 21,081.60 21,081.60 21,081.60
TAXES AND LICENSES 79,056.00 79,056.00 79,056.00
TOTAL EXPENSES 298,381.93 298,381.93 406,409.93
INCOME BEFORE TAX 755,698.07 755,698.07 647,670.07
TAX 226,709.42 226,709.42 194,301.02

NET INCOME 528,988.65 528,988.65 453,369.05

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