Paper Topic:
Finance Section of a Business plan
Finance Section of a Business Plan NAME PROFESSOR SCHOOL Income Statement Fictional eBay Consignment Company Income Statement For the Years Ended December 31 Year 1 Year 2 Year 3 Year 4 Year 5 Sales in eBay 240 ,000 .00 288 ,000 .00 316 ,800 .00 348 ,480 .00 383 ,328 .00 Sales Commission 120 ,000 .00 144 ,000 .00 158 ,400 .00 174 ,240 .00 191 ,664 .00 Cost of Sales PayPal Fees 4 ,800 .00
p 5 ,760 .00
6 ,336 .00
6 ,969 .60
7 ,666 .56
Insertion Fee 4 ,800 .00
5 ,760 .00
6 ,336 .00
6 ,969 .60
7 ,666 .56
Final Value Fee 11 ,602 .28
13 ,922 .73
15 ,315 .00
16 ,846 .50
18 ,531 .15 25 ,442 .73
27 ,987 .00
30 ,785 .70
33 ,864 .27
Gross Margin 98 ,797 .73
118 ,557 .27
130 ,413 .00
143 ,454 .30
157 ,799 .73 Expenses Salaries and Wages 72 ,000 .00
75 ,600 .00
79 ,380 .00
83 ,349 .00
87 ,516 .45
Rent Expense 12 ,000 .00
12 ,000 .00
12 ,000 .00
13 ,200 .00
13 ,200 .00
Utilities Expense 12 ,000 .00
13 ,200 .00
14 ,520 .00
15 ,972 .00
17 ,569 .20
Advertising Expense 479 .40
838 .80
838 .80
838 .80
838 .80
Interest Expense 600 .00
300 .00
0 .00
0 .00
0 .00
Depreciation Expense 833 .33
833 .33
833 .33
0 .00
0 .00
Miscellaneous Expense 500 .00
750 .00
1 ,000 .00
1 ,250 .00
1 ,500 .00 103 ,522 .13
108 ,572 .13
114 ,609 .80
120 ,624 .45 Income before Income Tax 21 ,587 .27
40 ,477 .87
49 ,827 .87
59 ,630 .20
71 ,039 .55
Income Tax 7 ,555 .54
14 ,167 .25
17 ,439 .75
20 ,870 .57
24 ,863 .84 Net Income 14 ,031 .72
26 ,310 .61
32 ,388 .11
38 ,759 .63
46 ,175 .71
Balance Sheet
Fictional eBay Consignment Company
Balance Sheet
As of December 31
Year 0
Year 1
Year 2
Year 3
Year 4
Year 5
Current Assets Cash 30 ,000 .00
53 ,904 .74
69 ,305 .09
92 ,484 .98
118 ,463 .61
149 ,029 .54
Prepaid Expenses
3 ,000 .00
3 ,000 .00
3 ,000 .00
3 ,000 .00
3 ,000 .00 56 ,904 .74
72 ,305 .09
95 ,484 .98
121 ,463 .61
152 ,029 .54
Long Term Assets Office Equipment
1 ,500 .00
1 ,500 .00
1 ,500 .00
1 ,500 .00
1 ,500 .00
Less : Accumulated Depreciation
500 .00
1 ,000 .00
1 ,500 .00
1 ,500 .00
1 ,500 .00
Net Office Equipment
1 ,000 .00
500 .00
0 .00
0 .00
0 .00
Office Furniture
1 ,000 .00
1 ,000 .00
1 ,000 .00
1 ,000 .00
1 ,000 .00
Less : Accumulated Depreciation
333 .33
666 .67
1 ,000 .00
1 ,000 .00
1 ,000 .00
Net Office Furniture 0 .00
666 .67
333 .33
0 .00
0 .00
0 .00
Net Long Term...
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