Fill out the Balance Sheet with the following information provided on the Budget and Income Statements? Project is funded by the Hotel Board of Directors with $500,000.
Organics Associates, Inc. Budget Sheet Budget: $500,000 For Year Ending (Dec 31, 2019] Supply Chain: Money Spent Materials $ 16,240.00 Percentage (%) 3.25 16,240.00 3.25 Total Supply Chain: $ Operations: Installation Wages: $ Manufactoring Wages: $ Interior Designer Costs: $ 10,880.00 5,800.00 6,120.00 2.176 1.16 1.224 22,800.00 4.56 13,375.00 2.675 Total Operations: Logistics: Inbound Logistics: International Delivery S Outbound Logistics: Truck Rental $ Truck Insurance $ Truck (Homeless Shelter) $ Total Logistics: Total Budget: $ 2,000.00 500.00 1,500.00 17,375.00 56,415.00 0.4 0.1 0.3 3.48 11.283 Organics Associates, Inc. Income Statement For the Years Ending [Dec 31, 2019 and Dec 31, 2020] 2020 2019 500,000 Revenue Gross sales (Less sales returns and allowances) Net Sales 500,000 Cost of Goods Sold Beginning inventory Goods purchased or manufactured Total Goods Available Taxes of Goods Cost of Goods Sold 56,415 56,415 3,900 60,315 Gross Profit (Loss) 439,685 Expenses Advertising Furniture and equipment Maintenance and repairs 120,000 3,000 780 Office supplies 1,500 Rent 6,000 Research and development Salaries and wages Software Taxes Travel Utilities Other Total Operating Expenses 10,000 89,434 500 1,500 3,000 3,000 2,000 240,714 Net Income 204,551 Footnotes: *Project Manager (150K) Logistics (110k) Finance (125k) Sourcing (100k) Organics Associates, Inc. Balance Sheet For the Years Ending (Dec 31, 2019 and Dec 31, 2020] 2019 2020 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Fixed (Long-Term) Assets Property, plant, and equipment Intangible assets Total fixed assets Total Assets 2019 2020 Liabilities and Owner's Equity Current Liabilities Accounts payable Short-term loans Total current liabilities Owner's Equity Owner's investment Other Total owner's equity Total Liabilities and Owner's Equity Organics Associates, Inc. Budget Sheet Budget: $500,000 For Year Ending (Dec 31, 2019] Supply Chain: Money Spent Materials $ 16,240.00 Percentage (%) 3.25 16,240.00 3.25 Total Supply Chain: $ Operations: Installation Wages: $ Manufactoring Wages: $ Interior Designer Costs: $ 10,880.00 5,800.00 6,120.00 2.176 1.16 1.224 22,800.00 4.56 13,375.00 2.675 Total Operations: Logistics: Inbound Logistics: International Delivery S Outbound Logistics: Truck Rental $ Truck Insurance $ Truck (Homeless Shelter) $ Total Logistics: Total Budget: $ 2,000.00 500.00 1,500.00 17,375.00 56,415.00 0.4 0.1 0.3 3.48 11.283 Organics Associates, Inc. Income Statement For the Years Ending [Dec 31, 2019 and Dec 31, 2020] 2020 2019 500,000 Revenue Gross sales (Less sales returns and allowances) Net Sales 500,000 Cost of Goods Sold Beginning inventory Goods purchased or manufactured Total Goods Available Taxes of Goods Cost of Goods Sold 56,415 56,415 3,900 60,315 Gross Profit (Loss) 439,685 Expenses Advertising Furniture and equipment Maintenance and repairs 120,000 3,000 780 Office supplies 1,500 Rent 6,000 Research and development Salaries and wages Software Taxes Travel Utilities Other Total Operating Expenses 10,000 89,434 500 1,500 3,000 3,000 2,000 240,714 Net Income 204,551 Footnotes: *Project Manager (150K) Logistics (110k) Finance (125k) Sourcing (100k) Organics Associates, Inc. Balance Sheet For the Years Ending (Dec 31, 2019 and Dec 31, 2020] 2019 2020 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Fixed (Long-Term) Assets Property, plant, and equipment Intangible assets Total fixed assets Total Assets 2019 2020 Liabilities and Owner's Equity Current Liabilities Accounts payable Short-term loans Total current liabilities Owner's Equity Owner's investment Other Total owner's equity Total Liabilities and Owner's Equity
