financial statements abc-partnership

8/19/2019 Financial Statements ABC-Partnership

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ABC Partnership

Projected Capital Requirement (Total Investment Cost)

For the period of June !"#

Fi$ed Capital

Equipment (schedule A) 2,500.00

%aria&le Capital

Cash

Requirement for 5 days:

roduction Costs (schedule !) "#,#$%.00

&epreciation ('.5%)

tilities (schedule C) 500.00

*alaries (schedule &) 20.00

"$,'%.$2

+ 520 days #,'-$.'0

!an &eposit 5,000.00/otal orin1 Capital %,'-$.'0

reoperatin1 E+penses:

ermits #,000.00

3aretin1romotion ",000.00

/ools and 3aterials (schedule E) ",0-5.00

*upplies (schedule 4) $50.00 5,525.00

/otal aria6le Capital "$,".'0Projected Capital Requirement "','.'0


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!"# !"'

Jun Jul Au ep *ct +ov ,ec Jan Fe& -ar

ales "/0!!! 120!!! 120!!! 30!!! 30!!! 30!!! 30!!! 30!!! 30!!! 30!!!

4ess5 Cost of 6oods old "#,#$% 2','' 2','' 5#,#2 5#,#2 5#,#2 5#,#2 5#,#2 5#,#2 5#,#2

6ross Profit #02' 701!# 701!# "/02!/ "/02!/ "/02!/ "/02!/ "/02!/ "/02!/ "/02!/

4ess5 *peratin 8$pense

tilities 500 500 500 500 500 500 500 500 500 500

Rent #,000 #,000 #,000 #,000 #,000

*alaries $'0 20 20 20 20 20 20 20 20 20

reoperatin1 5,525

*upplies #$0 $50 #$0 $50 #$0 $50 #$0 $50 #$0

Total *peratin 8$pense 20#/' "032! "0/3! "032! "0/3! #032! #0/3! #032! #0/3! #032!

+et Income (4oss) ("0/11) 30'## 30#1# "20/#/ "2031/ "10/#/ "1031/ "10/#/ "1031/ "10/#/

Income Ta$ 1!9 : 021 01! '0!'# '0!" #0"'# #0"" #0"'# #0"" #0"'#

+et Income After Ta$ ("0/11) '0/" '0!# ""037# ""03"3 7027# 702"3 7027# 702"3 7027#

ABC PartnershipProjected tatement of IncomeFor the Fiscal ;ear 8nded !"'


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!"# !

Jun Jul Au ep *ct +ov ,ec Jan Fe& -

+et Income (",%##.00) 5,2%0.%0 5,20#.%0 "",-#.'0 "",-"'.'0 ,'#.'0 ,'"'.'0 ,'#.'0 ,'"'.'0 ,'

Add5 ,epreciation '.5% '.5% '.5% '.5% '.5% '.5% '.5% '.5% '.5%

Total (",-'#.$2) 5,#50.#% 5,2-#.#% "",%'#."% "",-%'."% ,-'#."% ,'%'."% ,-'#."% ,'%'."% ,-

Capital 7n8estment "-,"00.00

Accruals tilities

Equipment (2,500.00)

artners9 &rain1s

!e1innin1 Cash "2,%#'.5% "%,"%'.- 2#,$'0.#5 #5,#2#.5# $-,"0.-2 5',%-2.0 '',55.0% -',#22.2- %',0

"0/12


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Jun Jul Au ep *ct T*TA4

ales "/0!!! 120!!! 120!!! 30!!! 30!!! 1#0!!!

4ess5 Cost of 6oods old "#,#$% 2','' 2','' 5#,#2 5#,#2 "310'#

6ross Profit #02' 701!# 701!# "/02!/ "/02!/ 2!0#32

4ess5 *peratin 8$penses

tilities 500 500 500 500 500 2,500

*alaries $'0 20 20 20 20 $,"$0

reoperatin1 5,525 5,525

*upplies #$0 $50 #$0 $50 ",5%0

Total *peratin 8$pense 20#/' "032! "0/3! "032! "0/3! "103#'

+et Income (4oss) ("0/11) 30'## 30#1# "20/#/ "2031/ #2031"

Income Ta$ 1!9 : 021 01! '0!'# '0!" "#0'27

+et Income After Ta$ ("0/11) '0/" '0!# ""037# ""03"3 10"2

A8T

Current Assets

Cash on ;and and in !an $-,'0.%0


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!"#:!"' !"':!"2 !"2:!"3

ales 31/0!!!

4ess5 Cost of 6oods old 5$-,2'%.00 ''5,050.-5 '0,#22.'%

6ross Profit "7!031

reoperatin1@ 5,525.00

ermits and /a+es #,000.00 #,000.00

3aretin1romotion 2,0-'.00 2,"5$.%

/ools and 3aterials ",""5.%5 ","5%.25

Rent 2",000.00 #',000.00 #',000.00

*upplies $,20.00 $,20."2 5,"0-.0%

Total *peratin 8$pense #3017'

+et Income "#10113

/ools and 3aterials (schedule E) ",0-5.00

ABC PartnershipProjected tatement of Income

For the Fiscal ;ears 8nded !"' to !"3


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!"' !"2 !"3

A8T

Current Assets

Cash on ;and and in !an 25,-2".00 #$,0"#.$ $2,$%".2

Capital Endin1 per *tatement of Equity 2',%%'.00 #$,#2$.$ $",$#.20Total 4ia&ilities @ 8quit. 301/2


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!"#:!"' !"':!"2 !"2:!"3

+et Income ,-%'.00 "2$,$#%.$ "#%,""%.-0

Add5 ,epreciation %#5.00 %#5.00 %#0.00

Total "00,'2".00 "25,2-#.$ "#%,$%.-0Capital 7n8estment "-,"00.00

Accruals tilities 500.00 ".00 ".-2

Equipment (2,500.00)

artners9 &rain1s (0,000.00) (""-,000.00) ("#0,500.00)

!e1innin1 Cash !alance 25,-2".00 #$,0"#.$

8ndin Cash Balance '03"

ABC PartnershipProjected tatement of Cash Flo=

For the Fiscal ;ears 8nded !"' to !"3


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ABC Partnership

tatement of Partnership 4iquidation

+ovem&er !"#

Assumin1 that the partners ould discontinue the operations of the company after ?cto6er 20"$, the liquidation process

CAPITA4 BA4A+C8

CA +*+:CA 4IABI4ITI8 Partner " Partner Partner 1 Partner # Partner ' Partne

!alances 6efore =iquidation $-,'0.%0 2,"52.00 500.00 5,$-#.5# 5,$-#.5# 5,$-#.5# 5,$-#.5# 5,$-#.5# 5,$-

") sale of noncash assets ",-22.00 (2,"52.00) ($%.00) ($%.00) ($%.00) ($%.00) ($%.00) ($

!alances after sale $,##".%0 500.00 5,$25.5# 5,$25.5# 5,$25.5# 5,$25.5# 5,$25.5# 5,$2

2) payment of lia6ilities (500.00) (500.00) BBB

!alances after payment $%,%#".%0 5,$25.5# 5,$25.5# 5,$25.5# 5,$25.5# 5,$25.5# 5,$2

#) payment to partners ($%,%#".%0) (5,$25.5#) (5,$25.5#) (5,$25.5#) (5,$25.5#) (5,$25.5#) (5,$2

Assumptions in the =iquidation of A!C artnership:

(") A!C artnership has earned net income after ta+ from >une to ?cto6er 20"$ and the artners9 capital 6alances a

7nitial Capital "-,"00.00

une to ?cto6er 20"$ #2,"'".%0

/otal $,2'".%0

&i8ided 6y num6er of artners

Adusted Capital per artner 5,$-#.5#

(2) All the noncash assets could 6e sold for %0 of its 6oo 8alue and the loss is equally distri6uted to all the partners


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!"#:!"' Ratios Financial Ratios

ales 31/0!!!

4ess5 *peratin 8$pense

tilities ',000.00 0.%"

*alaries $,#20.00 0.5ermits and /a+es #,000.00 0.$"

3aretin1romotion ",000.00 0."$

/ools and 3aterials ",0-5.00 0."5

Rent 2",000.00 2.%5

*upplies $,-$0.00 0.'$

Total *peratin 8$pense #"0"1'

+et Income "#70'73

7ncome /a+ #0 $#,55".00 5.0

+et Income After Ta$ "!20!#2

Current Assets 25,-2".00 #$,0"#.$ $2,$%".2

Current =ia6ilities 500.00 5".00 5#%.-2

Current ratio5 '"


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ABC Partnership

BreaD:8ven Anal.sis

Product -i$ ?nit Cost

7tem"

$5.00 ##.#- "".'# 0.'5 "0.%7tem2

7tem#

@ salaries sales 8olume

"0,5%0"',$00 units

4i+ed Costs and E+penses@

C34inal per nit

#-,'50.00 10#7 units

"0.%

@ 4i+ed Costs and E+penses:

&epreciation %#5.00

tilities ',000.00

ermits and /a+es #,000.003aretin1romotion ",000.00

/ools and 3aterials ",0-5.00

R t 2" 000 00

?nit ellinPrice

?nit C- :-ft

%aria&le*pt

8$penses

?nit C- :Final

BreaD:8ven Point inunits in .ear "


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A++?A4 CA R8T?R+

"st ;ear nd ;ear 1rd ;ear


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ABC Partnership

8quipment0 Tools and -aterials0 *ffice and *ther upplies 4ist

Equipment

,escription ?nit cost >uantit. Total cost

?8en /oaster ",500.00 " ",500.00

orta6le !utane *to8e ",000.00 " ",000.00

Total Amount 0'!!

/ools and 3aterials

,escription ?nit cost >uantit. Total cost

Casserole 200.00 2 $00.00

"00.00 " "00.00

Choppin1 !oard 25.00 " 25.00

lates "0.00 5 50.00

Gnife 50.00 " 50.00

!ol 25.00 2 50.00

=adle 50.00 " 50.00

*trainer 50.00 " 50.00

*easonin1 Containers 50.00 " 50.00

Cutlery *et 250.00 " 250.00

Total Amount "0!3'

?ffice *upplies

,escription ?nit cost >uantit. Total costColumnar #0 00 " #0 00

orta6le ei1hin1 *cale


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ABC Partnership

Capital Requirement chedules

chedule A8quipment nit cost Iuantity /otal cost

?8en /oaster ",500.00 " ",500.00

orta6le !utane *to8e ",000.00 " ",000.00

/otal Amount 2,500.00

chedule B

Total Production Costs >unAu1 9"# 4rom *ep 9"#

er day ''-.$0 2,''.'0er ee #,##-.00 "#,#$%.00

er month "#,#$%.00 5#,#2.00

4irst Jear of ?perations 520,5-2.00

chedule C

?tilities:-inimum

Electricity $00.00

ater "00.00

500.00

chedule ,

Allo=ances er &ay er ee er 3onthHeneral 3ana1er "2.00 '0.00 2$0.003aretin1 ;ead %.00 $0.00 "'0.004inancial ?fficer %.00 $0.00 "'0.003aretin1 *taffs (#) "%.00 0.00 #'0.00

/?/A= $'.00 2#0.00 20.00

@e+clusi8e of alloances of production head and staff amountin1 to 20.00 per day


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ABC Partnership

Projected ales Revenue

er nit

7tem" 2.%$

7tem2 0.%-

7tem# 2.''

Product -i$ Cost ##.#-

3arup 6ased on full cost #5 "".'#

Product -i$ ellin Price #'

8stimated ales Revenue

Per da. Per =eeD Per month

00.00 $,500.00 "%,000.00

Per da. Per =eeD Per month

",%00.00 ,000.00 #',000.00

Per da. Per =eeD Per month Per .ear

#,'00.00 "%,000.00 -2,000.00 %'$,000.00

It i ti t d th t th C ld b bl t ll 20 it i th t ti th

4or the month of >une 20"# K ! units per da.

4or the months of >uly to Au1ust 20"# onards E #! units per da.

4or the months of *eptem6er 20"# onards E /! units per da.


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ABC Partnership

Projected Production Costs

Item " Item Item 1

Inredients Price ?nit cost Inredients Price ?nit cost Inredients Price

=asa1na asta -5.%# 5.$2 Harlic =oaf !read ##.00 0.%# 7ced /ea oder 25.00

Hround Chicen !reast .00 -.0- ater #5.00

!asil lea8es -.00 0.50

Iuicmelt Cheese '.00 $.#

*pa1hetti *auce -$.25 '.-5

Harlic $.50 0.#2

?nions -.50 0.5$

e1eta6le ?il "0.00 0.-"

!lac epper ".00 0.0-

&irect =a6or "0.00 0.22 &irect =a6or ".00 0.02 &irect =a6or ".00

&epreciation %#5.00 annually 0.05

7ndirect items:

"roll of tissue 20.00 0.50 lastic Cup "%.00

7nd. =a6or rod head '.00 0."# 7nd. =a6or rod head ".00 0.02 7nd. =a6or rod head ".00

lastic for "5.00 0.'#

=a6ellin1 20.00 ".00

aper !o+ $0.00 ".00

?nit product cost 7


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?nit cost

".25

0.$-

0.02

0.0

0.02


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financial statements abc-partnership

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