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17 Cards in this Set

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pro forma Income Statement
Company Name
Pro Forma Income Statement
For the Year Ending

Gross Sales
COGS
---
---
Total Cost of Goods Sold
Gross Profit

Operating Expenses
Labor Costs
Depreciation
Advertising
Utilities
Total Operating Expenses

Operating Income

Interest Expense

Income Before Taxes

Income Tax

Net Income
Contribution Margin
Selling Price - Variable Costs
Weighted Contribution Margin
(Selling Price - Variable Cost) * Sales Mix
Safety Margin Percentage
(Budgeted Sales - Breakeven Sales) / Breakeven Sales
Target Operating Income (in units)
(Fixed Costs + TOI) / (Selling Price - Variable Costs)
Target Net Income (in units)
Units Sold = (Fixed Costs + TNI + Income Taxes) / (Selling Price per unit - Variable Costs per unit)
Set-up for Statement of Cash Flows
Cash Flow from Operating Activities
---
Net Cash Provided (used) by

Cash Flow from Investing Activities
---
Net Cash Provided (used) by

Cash Flow from Financing Activities
---
Net Cash Provided (used) by

Increase in Cash and Cash equivalents
Cash and cash equivalents, beginning
Cash and cash equivalents, ending
Ending cash will proove balance sheet
Break-even Point in units
Units Sold = Fixed Costs / (Unit Sales Price - Variable Costs)
Units Sold = FC / (SP - VC)
Break-Even Point in Composite Units
Composite Units Sold = Fixed Costs / Weighted C.M.
Weighted C.M. = C.M x Sales Mix
C.M. = Selling Price - Variable Costs
Desired Ending Inventory =
Required to meet Sales Budget * Desired Ending Inventory Percentage
both will be given figures
Required Purchase =
(Required to meet Sales Budget + Desired Ending Inventory) - Beginning Inventory
Cost of Purchases =
(Required Purchase * Wholesale Price per Unit)
Labor Budget Format
Company Name
Labor Budget
For the Year Ending

Divide into 4 Quarters and TOTAL

Position
Salary
Fringe Benefits
Total Pay

Position
Salary
Fringe Benefits
Total Pay

Total Pay Overall
Remember to take into account what quarter the position starts.
Total Pay =
Salary + Fringe Benefits
Sales Budget Format
Company Name
Sales Budget
For the Year Ending

Divide into 4 Quarters and TOTAL

Units Sold x
Price $y
Sales $x*y

Units Sold a
Price $b
Sales $a*b

Total Sales $sum of sales
Direct Materials Budget
Company Name
Direct Materials Budget
For the Year Ending

Divide into 4 Quarters and TOTAL

Material
Required to Meet Sales Budget
Desired Ending Inventory
Beginning Inventory
Required Purchase

Wholesale Price per Unit
Cost of Purchases
Selling and Administrative Budget
Company Name
Selling, General and Administrative Budget
For the Year Ending

Divide into 4 Quarters and TOTAL

Advertising
Depreciation
Utilities
Total sum