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    Skaur5926@ Test3 Part1

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    sidakpreetk5

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    Skaur5926@ Test3 Part1

    Uploaded by

    sidakpreetk5
    3 views6 pages

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    Skaur5926@-test3-part1

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    3 views6 pages

    Skaur5926@ Test3 Part1

    Uploaded by

    sidakpreetk5

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    © All Rights Reserved
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    Fabian Renewables

    Name Sidakpreet Kaur


    Date Wednesday, October 30, 2024
    Section 11 Fall 2023
    Fabian Renewables
    Pro Forma Income Statement
    Percent Cost of Sales & Marketing 15.0%
    Percent Cost of R & D 11.0%

    Income Year 1 Year 2 Year 3 Year 4 Year 5


    Sales $ 640,000 $ 960,000 $ 1,280,000 $ 1,600,000 $ 1,920,000
    Cost of Sales & Marketing 96,000 144,000 192,000 240,000 288,000
    Cost of R & D 70,400 105,600 140,800 176,000 211,200
    GROSS PROFIT 473,600 710,400 947,200 1,184,000 1,420,800

    Expenses Year 1 Year 2 Year 3 Year 4 Year 5


    Payroll $ 181,000 $ 208,150 $ 239,372 $ 275,278 $ 316,570
    Utilities 22,500 25,875 29,756 34,220 39,353
    Occupancy Costs 75,500 83,805 93,024 103,256 114,614
    Insurance 13,650 15,152 16,818 18,668 20,722
    Miscellaneous Expenses 18,000 19,980 22,178 24,617 27,325
    TOTAL GENERAL EXPENSES 310,650 352,962 401,148 456,040 518,584

    Earnings Year 1 Year 2 Year 3 Year 4 Year 5


    Initial Earnings $ 162,950 $ 357,439 $ 546,052 $ 727,960 $ 902,216
    Depreciation (DB) 160,770 123,311 94,579 72,542 55,640
    Operating Profit 2,180 234,128 451,473 655,418 846,576

    808933293.xlsx Income Statement 10/30/2024


    Fabian Renewables
    Depreciation
    Long-Term Assets (Cost) $ 690,000
    Salvage Value (Salvage) $ 37,200
    Life of Asset (Life) 11

    Year
    Straight-Line (SLN) 1 2 3 4 5
    Yearly Depreciation 59,345 59,345 59,345 59,345 59,345
    Cumulative Depreciation 59,345 118,691 178,036 237,382 296,727
    Depreciated Asset Value $ 630,655 $ 571,309 $ 511,964 $ 452,618 $ 393,273

    Year
    Declining Balance (DB) 1 2 3 4 5
    Yearly Depreciation 160,770 123,311 94,579 72,542 55,640
    Cumulative Depreciation 160,770 284,081 378,660 451,202 506,842
    Depreciated Asset Value $ 529,230 $ 405,919 $ 311,340 $ 238,798 $ 183,158

    808933293.xlsx Depreciation 10/30/2024


    Fabian Renewables
    Amortization Schedule
    Scenarios Loan (PV) Future Value Annual Rate Payments per Rate per Years Payments Periodic Assumptions Table
    (FV) Year Period (RATE) (NPER) Payments
    (PMT)

    1 $ 720,000 $ - 4.83% 4 1.21% 6 24 $ (34,736) Principal $ 720,000


    2 $ 720,000 $ 228,474 4.83% 4 1.21% 6 24 $ (43,000) Years 6
    3 $ 720,000 $ - 4.83% 4 1.21% 5.8 18.8 $ (43,000) Periods 4
    4 $ 891,290 $ - 4.83% 4 1.21% 6 24 $ (43,000) Interest Rate 4.83%

    Amortization Schedule
    Year Period Remaining Interest Principal Total Payment
    (PER) Principal Payment Payment
    (IPMT) (PPMT)

    1 1 $ 720,000 $ (34,776) $ (26,042) $ (60,818)


    1 2 693,958 $ (33,977) $ (26,357) (60,334)
    1 3 667,601 $ (33,139) $ (26,675) (59,814)
    1 4 640,926 $ (32,261) $ (26,997) (59,258)
    2 5 613,929 $ (31,341) $ (27,323) (58,664)
    2 6 586,606 $ (30,376) $ (27,653) (58,029)
    2 7 558,953 $ (29,364) $ (27,987) (57,351)
    2 8 530,967 $ (28,304) $ (28,325) (56,628)
    3 9 502,642 $ (27,192) $ (28,667) (55,859)
    3 10 473,975 $ (26,027) $ (29,013) (55,040)
    3 11 444,962 $ (24,805) $ (29,363) (54,168)
    3 12 415,599 $ (23,524) $ (29,718) (53,242)
    4 13 385,881 $ (22,182) $ (30,077) (52,258)
    4 14 355,804 $ (20,774) $ (30,440) (51,214)
    4 15 325,365 $ (19,299) $ (30,807) (50,107)
    4 16 294,557 $ (17,753) $ (31,179) (48,932)
    5 17 263,378 $ (16,131) $ (31,556) (47,687)
    5 18 231,822 $ (14,432) $ (31,937) (46,369)
    5 19 199,885 $ (12,650) $ (32,323) (44,973)
    5 20 167,562 $ (10,782) $ (32,713) (43,495)
    6 21 134,850 $ (8,824) $ (33,108) (41,932)
    6 22 101,742 $ (6,772) $ (33,508) (40,279)
    6 23 68,234 $ (4,620) $ (33,912) (38,532)
    6 24 34,322 $ (2,365) $ (34,322) (36,686)
    Final Balance $ 0

    808933293.xlsx Amortization Schedule 10/30/2024


    This worksheet is a required component of
    the test!

    You will receive a mark of 0 (zero) if you


    delete or modify this worksheet

    Dave Cushin

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