|
Display Solutions Inc. 11
<br /> ill Profit& Loss
<br /> Profit&Loss Statement
<br /> For years ending March-2005,2006,2007
<br /> rTh Year 1 Year 2 Year 3
<br /> Sales 852,500 1,695,000 2,000,000
<br /> Less cost of sales:
<br /> Material 298,375 593,250 700,000
<br /> j Labor/benefits/taxes 208,010 413,580 488,000
<br /> Total cost of sales 506,385 1,006,830 1,188,000
<br /> Gross profit 346,115 688,170 812,000
<br /> Operating expenses:
<br /> Advertizing 1,900 1,200 1,200
<br /> ( ) Automobile 0 7,200 7,200
<br /> / Bank charges 695 540 540
<br /> Travel 15,000 12,000 12,000
<br /> Insurance 5,900 8,800 11,200
<br /> r Legal!Acct. 1,700 2,600 2,400
<br /> Office supplies 900 2,400 2,400
<br /> (` Utilites 8,000 9,200 9,200
<br /> Telephone 2,700 2,400 2,400
<br /> 4 Rent 24,600 49,500 54,000
<br /> Repair&maintenance 6,000 7,200 8,400
<br /> 0 Landfill 6,000 9,600 10,800
<br /> Officers Salaries 162,260 226,920 256,200
<br /> i'-'1Office Salaries 40,211 65,587 102,480
<br /> Bad debts 6,820 13,560 16,000
<br /> Amortization 1,600 1,600 1,600
<br /> Depreciation 44,371 44,371 44,371
<br /> Total operating expenses 328,658 464,679 542,391
<br /> Operating income 17,457 223,491 269,609
<br /> ) Interest expense 11,751 9,473 7,030
<br /> Net income 5,706 214,018 262,579
<br /> Insurance -Display Solutions will be establishing business and product liability
<br /> insurance.
<br /> Legal&accounting-Legal and accounting expenses assume fixed monthly retainers for
<br /> Display Solutions legal counsel and accountants.
<br /> Manufacturing Personnel-Display Solutions plans to immediately hire three full-time
<br /> ,.v workers at a average rate of$14 per hour. A payroll burden of 22 percent has been added
<br /> to cover taxes and benefits.
<br /> Rent-Monthly rent is calculated based upon an annual established lease agreement for
<br /> ., DSI current 4,500 square foot facility. The negotiated rate per square foot is $5.33.
<br /> Salaries- The three partners will receive a fixed salary of$48,000 a year.
<br /> Travel -These funds will enable DSI personnel to visit new and old customers as well as
<br /> attend trade shows.
<br /> MUtilities-Utilities are based upon DSI own historical average for building occupancy in
<br />
|