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    Balik Tanaw Café Projected Statement of Comprehensive Income For The Years Ended December 31, 2019-2023

    Uploaded by

    Karl Stephen Marbella
    This document contains projected financial statements for Balik Tanaw Café for the years 2019-2023. It projects that the café will see a 20% annual increase in net sales and cost of goods sold. It also projects expenses to increase at rates between 2-10% annually. The statements predict that the café will be profitable each year, with net income increasing from $1.2 million in 2019 to over $3 million in 2023 as sales growth outpaces expense growth. Cash flow will also be positive each year as operating cash flows exceed cash needs for investments.

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    Balik Tanaw Café Projected Statement of Comprehensive Income For The Years Ended December 31, 2019-2023

    Uploaded by

    Karl Stephen Marbella
    54 views3 pages
    This document contains projected financial statements for Balik Tanaw Café for the years 2019-2023. It projects that the café will see a 20% annual increase in net sales and cost of goods sold. It also projects expenses to increase at rates between 2-10% annually. The statements predict that the café will be profitable each year, with net income increasing from $1.2 million in 2019 to over $3 million in 2023 as sales growth outpaces expense growth. Cash flow will also be positive each year as operating cash flows exceed cash needs for investments.

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    Baliktanaw Cafe

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    Baliktanaw Cafe

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    This document contains projected financial statements for Balik Tanaw Café for the years 2019-2023. It projects that the café will see a 20% annual increase in net sales and cost of goods sold. It also projects expenses to increase at rates between 2-10% annually. The statements predict that the café will be profitable each year, with net income increasing from $1.2 million in 2019 to over $3 million in 2023 as sales growth outpaces expense growth. Cash flow will also be positive each year as operating cash flows exceed cash needs for investments.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    54 views3 pages

    Balik Tanaw Café Projected Statement of Comprehensive Income For The Years Ended December 31, 2019-2023

    Uploaded by

    Karl Stephen Marbella
    This document contains projected financial statements for Balik Tanaw Café for the years 2019-2023. It projects that the café will see a 20% annual increase in net sales and cost of goods sold. It also projects expenses to increase at rates between 2-10% annually. The statements predict that the café will be profitable each year, with net income increasing from $1.2 million in 2019 to over $3 million in 2023 as sales growth outpaces expense growth. Cash flow will also be positive each year as operating cash flows exceed cash needs for investments.

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    © All Rights Reserved
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    Balik Tanaw Café

    Projected Statement of Comprehensive Income


    For the Years Ended December 31, 2019-2023

    12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 ASSUMPTIONS


    REVENUE

    Net Sales 1,794,000.00 2,152,800.00 2,583,360.00 3,100,032.00 3,720,038.40 20% increase


    Cost of Sales 66,312.00 79,574.40 95,489.28 114,587.14 137,504.56 20% increase
    Gross Profit 1,727,688.00 2,073,225.60 2,487,870.72 2,985,444.86 3,582,533.84 2,571,352.60
    EXPENSES
    Rent Expense 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 constant
    Utilities Expense 18,000.00 18,900.00 19,845.00 20,837.25 21,879.11 5% increase
    Tools and Utensils Expense 1,000.00 1,100.00 1,210.00 1,331.00 1,464.10 10% increase
    Supplies Expense 5,526.00 5,691.78 5,862.53 6,038.41 6,219.56 3% increase
    Salaries Expense 402,480.00 414,554.40 426,991.03 439,800.76 452,994.79 3% increase
    Promotional Expense 3,000.00 3,060.00 3,121.20 3,183.62 3,247.30 2% increase
    Pre-Operating Expenses 6,500.00 - - - -
    Total 496,506.00 503,306.18 517,029.77 531,191.05 545,804.86
    Income Before Income Tax 1,231,182.00 1,569,919.42 1,970,840.95 2,454,253.82 3,036,728.98
    NO TAX! It's the
    partners being taxed
    Income Tax 0.00 0.00 0.00 0.00 0.00 not the partnership
    NET INCOME 1,231,182.00 1,569,919.42 1,970,840.95 2,454,253.82 3,036,728.98 2,052,585.03
    Balik Tanaw Café
    Projected Statement of Cash Flows
    For the Years Ended December 31, 2019-2023

    Pre-operation 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023


    Cash Flows from Operating Activities

    Collections from Sales 1,794,000.00 2,152,800.00 2,583,360.00 3,100,032.00 3,720,038.40

    Payment of Raw Materials (66,312.00) (79,574.40) (95,489.28) (114,587.14) (137,504.56)


    Payment for purchase of packaging
    materials - - - - -

    Payment for rent expense (60,000.00) (60,000.00) (60,000.00) (60,000.00) (60,000.00)

    Payment for utilities expense (18,000.00) (18,900.00) (19,845.00) (20,837.25) (21,879.11)

    Pyment for supplies expense (5,526.00) (5,691.78) (5,862.53) (6,038.41) (6,219.56)

    Payment for salaries expense (402,480.00) (414,554.40) (426,991.03) (439,800.76) (452,994.79)

    Payment for fringe benefits expense - - - - -

    Payment for promotional expenses (3,000.00) (3,060.00) (3,121.20) (3,183.62) (3,247.30)


    Total Cash Flows from Operating
    Activities 1,238,682.00 1,571,019.42 1,972,050.95 2,455,584.82 3,038,193.08
    Cash Flows from Investing Activities
    Payment for purchase of tools and
    utensils (25,501.00) (1,100.00) (1,210.00) (1,331.00) (1,464.10) (1,610.51)

    Payment for construction of mall kiosk (224,244.00)

    Payment for purchase of equipment (75,193.00)

    Payment for pre-operating expenses (6,500.00)


    Total Cash Flows from Investing
    Activities (331,438.00) (1,100.00) (1,210.00) (1,331.00) (1,464.10) (1,610.51)
    Cash Flows from Financing Activities
    Collections from contribution of
    partners 2,000,000.00
    Total Cash Flows from Investing
    Activities 2,000,000.00
    Net Increase (Decrease) in Cash
    1,668,562.00 1,237,582.00 1,569,809.42 1,970,719.95 2,454,120.72 3,036,582.57

    Cash Balance, beg. 0.00 1,668,562.00 2,906,144.00 4,475,953.42 6,446,673.37 8,900,794.09


    Cash Balance, end.
    1,668,562.00 2,906,144.00 4,475,953.42 6,446,673.37 8,900,794.09 11,937,376.66

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