Module 6 - Financial Plan

Module 6 - Financial Plan

Introduction

The financial plan for Vegi Tales Restaurant firstly includes The Performa Income Statement:

PRO FORMA INCOME STATEMENT

Vegi Tales Restaurant

Sales revenue $ 3,000,000.00

Cost of sales

$ 1,800,000.00

Gross profit

$ 1,200,000.00

Fixed cost $ 300,000.00

 

other expenses

 

Advertising

$ 100,000.00

 

insurance

$ 50,000.00

 

wages

$ 100,000.00

 

transporter cost

$ 30,000.00

 

worker compensation

$ 50,000.00

 

legal fees

$ 20,000.00

 

Total expenses

$ 650,000.00

Net profit

 

$ 550,000.00

Requirement 2 (Break Even Point)

To arrive at the breakeven point for Vegi Tales restaurant following calculations are required they are as follows:

PROFORMA BALANCE SHEET

Assets

 

current Assets

 

Cash

1100000

Short term securities

350000

Account receivables

400000

Total ...