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Cash flows from financing activities are...(hint: since this is a partnership common and preferred stocks and bond financing does not exist). Net increase/decrease in cash
- Cash flows from financing activities are...(hint: since this is a partnership common and preferred stocks and bond financing does not exist).
- Net increase/decrease in cash flows is....
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Moore's Family Restaurant Assets & Liabilities as of 12/31/17 Assets & Liabilities projected to 12/31/18 ASSETS ASSETS Cash $492,118.00 Cash $589,118.00 Accounts Receivable $29,000.00 Accounts Receivable $49,095.00 Inventories $30,000.00 Inventories $30,000.00 Prepaid Expenses $2,000.00 Prepaid Expenses $11,000.00 Total Current Assets $553,118.00 Total Current Assets $679,213.00 Building $727,460.97 Building $760,000.00 Equipment $14,500.00 Equipment $18,000.00 Fixtures $33,320.00 Fixtures $35,500.00 Total Fixed Assets $775,280.97 Total Fixed Assets $813,500.00 Total Assets $1,328,398.97 Total Assets $1,492,713.00 LIABILITIES LIABILITIES Accounts Payable $57,432.00 Accounts Payable $137,566.00 Wages and Benefits Due $16,516.59 Wages and Benefits Due $29,543.00 Estimated Taxes and Fees $6,013.00 Estimated Taxes and Fees $8,013.00 Total Current Liabilities $79,961.59 Total Current Liabilities $175,122.00 Long Term Loan $70,000.00 Long Term Loan $70,000.00 Total Long-Term Liabilities $70,000.00 Total Long-Term Liabilities $70,000.00 Owner Equity $1,178,437.38 Owner Equity $1,247,591.00 Total Liabilities and Owner Equity $1,328,398.97 Total Liabilities and Owner Equity $1,492,713.00
| Moore's Family Restaurant | ||||||
| Assets & Liabilities as of 12/31/17 | Assets & Liabilities projected to 12/31/18 | |||||
| ASSETS | ASSETS | |||||
| Cash | $492,118.00 | Cash | $589,118.00 | |||
| Accounts Receivable | $29,000.00 | Accounts Receivable | $49,095.00 | |||
| Inventories | $30,000.00 | Inventories | $30,000.00 | |||
| Prepaid Expenses | $2,000.00 | Prepaid Expenses | $11,000.00 | |||
| Total Current Assets | $553,118.00 | Total Current Assets | $679,213.00 | |||
| Building | $727,460.97 | Building | $760,000.00 | |||
| Equipment | $14,500.00 | Equipment | $18,000.00 | |||
| Fixtures | $33,320.00 | Fixtures | $35,500.00 | |||
| Total Fixed Assets | $775,280.97 | Total Fixed Assets | $813,500.00 | |||
| Total Assets | $1,328,398.97 | Total Assets | $1,492,713.00 | |||
| LIABILITIES | LIABILITIES | |||||
| Accounts Payable | $57,432.00 | Accounts Payable | $137,566.00 | |||
| Wages and Benefits Due | $16,516.59 | Wages and Benefits Due | $29,543.00 | |||
| Estimated Taxes and Fees | $6,013.00 | Estimated Taxes and Fees | $8,013.00 | |||
| Total Current Liabilities | $79,961.59 | Total Current Liabilities | $175,122.00 | |||
| Long Term Loan | $70,000.00 | Long Term Loan | $70,000.00 | |||
| Total Long-Term Liabilities | $70,000.00 | Total Long-Term Liabilities | $70,000.00 | |||
| Owner Equity | $1,178,437.38 | Owner Equity | $1,247,591.00 | |||
| Total Liabilities and Owner Equity | $1,328,398.97 | Total Liabilities and Owner Equity | $1,492,713.00 | |||
| Moores Familay Restaurant Financial Data | 2017 | 2018 (Present Day) | 2019 Budget Forecast | |
| Budget Worksgheet | ||||
| Sales | $1,642,896 | $1,766,296 | $2,002,978 | |
| Cost of Product | $697,211 | $597,211 | 701,042 | |
| Labor | $330,772 | $340,695 | 349,212 | |
| Benefits | $79,872 | $114,519 | 122,224 | |
| Utilities | $54,340 | $50,644 | $58,241 | |
| Loan Principle Repayments | $0 | $0 | $0 | |
| Insurance & Property Taxes | $110,000 | $110,000 | $110,000 | |
| Services (accounting, trash, cleaning, etc.) | $41,051 | $43,908 | $105,494 | |
| Other: SG&A, advertising, promostions | $77,629 | $84,771 | $93,248 | |
| Total Costs | $1,390,875 | $1,341,748 | $1,539,462 | |
| Earnings Before Interest, Income Taxes, & Depreciation (EBITD) | $252,021 | $424,548 | $463,516 | |
| Interest on loan | $3,500 | $3,000 | $3,000 | |
| Income Taxes | $70,566 | $118,873 | $129,784 | |
| Depreciation on values | $71,176 | $61,777 | $61,177 | |
| Earnings After Interest, Income Taxes, & Depreciation | $106,779 | $240,897 | $269,555 | |
| Meals Sold | 243,392 | 252,328 | 272,514 | |
| Average Meal Value | 6.75 | 7.00 | 7.35 | |
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Shape Up Your Finances The Personal Finances Handbook
Authors: Ian Birt
1st Edition
0734608268, 978-0734608260
