FINANCE - MASTERS - HELP ME
ACTUAL %%% ACTUAL %%% REVENUE: Gross Sales: 2,685$ 101.63% 33,291$ 101.68% Coupons & Discounts: (43) ‐1.63% (549) ‐1.68% TOTAL NET REVENUE: 2,642$ 100.0%32,742 $ 100.0% DIRECT COSTS & COGS:
Cost of Good Sold: 758 28.69% 10,276 31.38% Freight ‐ Out: 88 3.33% 1,380 4.21% TOTAL DIRECT COSTS & COGS: 846 32.02% 11,656 35.6% GROSS PROFIT: 1,796 67.98% 21,086 64.4% GENERAL & ADMINISTRATIVE EXPENSES:
Salaries & Wages: 0 0.0% 0 0.0% Advertising Fees; 200 7.57% 2,000 6.11% Bank Charges: 10 0.38% 120 0.37% Office Supplies: 62 2.35% 785 2.4% Telephone / Internet: 100 3.79% 1,200 3.67% Utilities: 75 2.84% 900 2.75% TOTAL G&A EXPENSES: 447 16.92% 5,005 15.29% OPERATING INCOME(LOSS): 1,349 51.06% 16,081 49.11% OTHER INCOME: 0 0.0% 0 0.0% OTHER EXPENSE (Interest):
30 1.14% 345 1.05% PROVISION FOR TAXES:
351 13.28% 4,181 12.77% NET INCOME: 968 36.65% 11,555 35.29%BOBBLE IN STYLE INCOME STATEMENT AS OF DECEMBER 31, 2016 DECEMBER 2016 YTD DECEMBER 2016 Page 1 of 3 CURRENT ASSETS: LIABILITIES:
CASH & SECURITIES: CURRENT LIABILITIES:
Cash on Hand: ‐ $ Accounts Payable (Trade): 200 $ Cash in Bank: 21,120 Marketable Securities: ‐ TOTAL CURRENT LIABILITIES: 200 TOTAL CASH & SECURITIES: 21,120 LONG TERM LIABILITIES:
ACCOUNTS RECEIVABLE: Notes Payable: ‐ General Accounts Receivable: 496 Security Deposits Held: ‐ Allowance for Doubtful Accts: ‐ CP L/T Debt (Contra): ‐ TOTAL ACCOUNTS RECEIVABLE: 496 TOTAL LONG TERM LIABILITIES: ‐ INVENTORY: 10,507 TOTAL LIABILITIES: 200 TOTAL CURRENT ASSETS: 32,123 EQUITY:
Paid In Capital: 5,000 FIXED ASSETS: Common Stock: ‐ Machinery: 1,800 Retained Earnings: 28,168 Accum Depreciation: (1,000) Distributions: (12,000) Net Income: 11,555 TOTAL FIXED ASSETS: 800 TOTAL EQUITY: 32,723 TOTAL ASSETS: 32,923 TOTAL LIABILITIES & EQUITY: 32,923 BOBBLE IN STYLE BALANCE SHEET AS OF DECEMBER 31, 2016 ASSETS LIABILITIES & EQUITY Page 2 of 3 DEC 2016 YTD 2016 NET INCOME: 968$ 11,555$ Adjustments to reconcile Net Income to net cash provided by operations:
(Increase) Decrease In Receivables:(1,680) 8,492 Increase (Decrease) In Payables:(2,836) 1,836 Increase (Decrease) In Accrued Expenses:‐ ‐ Increase (Decrease) In Other Liabilities:(4,225) 1,789 Increase (Decrease) In Current Portion:‐ ‐ Net cash provided by Operating Activities (7,773) 23,672 INVESTING ACTIVITIES (Increase) Decrease in Fixed Assets:‐ 3,000 CAPEX Spending:‐ (1,600) Increase (Decrease) in Accum Depreciation:67 800 Net cash provided by Investing Activities 67 2,200 FINANCING ACTIVITIES Increase (Decrease) in Notes Payable:(420) (5,000) Paid‐In Capital:‐ ‐ Capital and Common Stock:‐ ‐ Distributions:(500) (6,000) Net cash provided by Financing Activities (920) (11,000) NET CASH INCREASE (DECREASE) FOR PERIOD: (8,626) 14,872 CASH, BEGINNING OF PERIOD: 29,746 6,248 CASH, DECEMBER 31, 2016: 21,120 21,120 BOBBLE IN STYLE STATEMENT OF CASH FLOWS AS OF DECEMBER 31, 2016 Page 3 of 3