Breakaway Bicycle Company, Inc.

Balance Sheet - December 31, 2000

Assets
Current Assets:
Cash
Accounts Receivable
Less: Reserve for Bad Debts
Merchandise Inventory
Prepaid Expenses
Notes Receivable
Total Current Assets

$b 50,000
$b 20,000
5,000

15,000
5,000
500
0
$b 70,500

Fixed Assets:
Vehicles
Less: Accumulated Depreciation

15,000
15,000

Furniture and Fixtures

Less: Accumulated Depreciation

15,000
5,000

10,000

Equipment
Less: Accumulated Depreciation

100,000
48,000

52,000

Total Fixed Assets

62,000

Other Assets:
Goodwill
Total Other Assets

0
0

Total Assets

$b 132,500

Liabilities and Capital

Current Liabilities:
Accounts Payable
Sales Taxes Payable
Payroll Taxes Payable
Accrued Wages Payable
Unearned Revenues
Total Current Liabilities

$b 4,200
2,000
1,523
4,125
20,000
$b 31,848

Long-Term Liabilities:
Long-Term Notes Payable
Mortgage Payable
Total Long-Term Liabilities

0
0
0

Total Liabilities

31,848

Capital:
Owner's Equity

100,652

Total Capital

100,652

Total Liabilities and Capital

$b 132,500
0

Breakaway Bicycle Company, Inc.

Income Statement - 12/31/00
Revenue:
Gross Sales
Less: Sales Returns and Allowances
Net Sales

$b 1,057,008
22,890
1,034,118

Cost of Goods Sold:

Beginning Inventory
Add: Purchases
Freight-in
Direct Labor
Indirect Expenses
Less: Ending Inventory
Cost of Goods Sold

$b 15,000
124,500
2,500
241,000
0
383,000
16,500
366,500

Gross Profit (Loss)

667,618

Expenses:
Advertising
Amortization
Bad Debts
Bank Charges
Charitable Contributions
Commissions
Contract Labor
Credit Card Fees
Delivery Expenses
Depreciation
Dues and Subscriptions
Insurance
Interest
Maintenance
Miscellaneous
Office Expenses
Operating Supplies
Payroll Taxes
Permits and Licenses
Postage
Professional Fees
Property Taxes
Rent
Repairs
Telephone
Travel
Utilities
Vehicle Expenses
Wages
Total Expenses

47,000
0
42,280
3,600
2,500
0
0
2,400
65,760
10,000
600
7,200
0
2,400
0
2,400
2,400
42,500
1,200
2,400
2,400
0
24,000
0
5,200
9,000
6,000
2,510
205,000
488,750

Net Operating Income

178,868

Other Income:
Gain (Loss) on Sale of Assets
Interest Income
Total Other Income

Net Income (Loss)

0
0
0
$b 178,868

Breakaway Bicycle Company, Inc.

Cash Flow Worksheet for 2000
January

February
$b 3,600

March
$b 21,801

April
$b 51,143

May
$b 68,343

June
$b 89,211

July
###

August
###

8,500
65,000

8,000
75,000

7,000
85,996

7,850
86,000

7,952
84,520

6,210
85,115

5,260
88,500

9,850
83,339

Total Cash Inflows

$b 73,500
Available Cash Balance
$b 73,500
Cash Outflows (Expenses):
Advertising
1,500
Bank Service Charges
300
Credit Card Fees
200
Delivery
4,500
Health Insurance
1,200
Insurance
600
Inventory Purchases
13,050
Miscellaneous
15,000
Office
200
Payroll
28,000
Payroll Taxes
2,800
Rent or Lease
1,200
Subscriptions & Dues
50
Supplies
200
Taxes & Licenses
100
Utilities & Telephone
500

$b 83,000
$b 86,600

$b 92,996
$b 114,797

$b 93,850
###

$b 92,472
$b 160,815

$b 91,325
$b 180,536

$b 93,760
###

2,500
300
200
4,500
1,200
600
14,550
7,899
200
28,000
2,800
1,200
50
200
100
500

1,000
300
200
4,500
1,200
600
7,804
12,500
200
28,000
2,800
1,200
50
200
100
500

3,000
300
200
4,500
1,200
600
18,800
15,000
200
28,000
2,800
1,200
50
200
100
500

1,500
300
200
4,500
1,200
600
16,654
8,500
200
28,000
2,800
1,200
50
200
100
500

4,500
300
200
4,500
1,200
600
14,445
6,520
200
28,000
2,800
1,200
50
200
100
500

$b 64,799

$b 61,154

$b 76,650

$b 66,504

$b 65,315

Beginning Cash Balance

Cash Inflows (Income):
Accts. Rec. Collections
Sales & Receipts

Subtotal
Other Cash Outflows
Owner's Draw
Subtotal
Total Cash Outflows
Ending Cash Balance

$b 69,400
500
$b 500
$b 69,900
$b 3,600

2,500
$
$b 64,799
$b 21,801

$b 2,500
$b 63,654
$b 51,143

5,100
$b 0
$b 76,650
$b 68,343

$b 5,100
$b 71,604
$b 89,211

October
###

November
$b 183,947

9,852
70,520

7,888
62,500

9,520
55,000

7,550
81,000

95,432
922,490

$b 93,189
###

$b 80,372
###

$b 70,388
###

$b 64,520
$b 248,467

$b 88,550
###

###

1,500
300
200
4,500
1,200
600
14,800
5,500
200
28,000
2,800
1,200
50
200
100
500

2,500
300
200
4,500
1,200
600
13,200
7,700
200
28,000
2,800
1,200
50
200
100
500

1,000
300
200
4,500
1,200
600
11,587
5,420
200
28,000
2,800
1,200
50
200
100
500

3,000
300
200
4,500
1,200
600
12,589
8,787
200
28,000
2,800
1,200
50
200
100
500

1,500
300
200
4,500
1,200
600
12,300
6,002
200
28,000
2,800
1,200
50
200
100
500

4,500
300
200
4,500
1,200
600
11,899
6,000
200
28,000
2,800
1,200
50
200
100
500

28,000
3,600
2,400
54,000
14,400
7,200
161,678
104,828
2,400
336,000
33,600
14,400
600
2,400
1,200
6,000

$b 61,650

$b 63,250

$b 57,857

$b 64,226

$b 59,652

$b 62,249

$b 772,706

8,500

18,750

57,350

$b 8,500
$b 68,152
###

$b 18,750
$b 80,999
###

$b 57,350
$b 830,056

10,000
$b 0
$b 65,315
$b 115,221

$b 10,000
$b 71,650
###

September
###

12,000
$b 0
$b 63,250
###

$b 12,000
$b 69,857
###

$b 0
$b 64,226
###

December
###

Total

Breakaway Bicycle Company, Inc.

Pro Forma Balance Sheet - 12/31/00
Assets
Current Assets:
Cash
Accounts Receivable
Less: Reserve for Bad Debts
Merchandise Inventory
Prepaid Expenses
Notes Receivable
Total Current Assets

$b 452,578
$b 74,520
7,452

67,068
21,000
5,000
0
$b 545,646

Fixed Assets:
Vehicles
Less: Accumulated Depreciation

0
0

Furniture and Fixtures

Less: Accumulated Depreciation

25,000
7,000

18,000

Equipment
Less: Accumulated Depreciation

160,000
54,000

106,000

Buildings
Less: Accumulated Depreciation

0
0

Land

0
Total Fixed Assets

124,000

Other Assets:
Goodwill
Total Other Assets

0
0

Total Assets

###

Liabilities and Capital

Current Liabilities:
Accounts Payable
Sales Taxes Payable
Payroll Taxes Payable
Accrued Wages Payable
Unearned Revenues
Short-Term Notes Payable
Short-Term Bank Loan Payable
Total Current Liabilities

$b 5,500
400
16,000
55,880
15,060
0
0
$b 92,840

Long-Term Liabilities:
Long-Term Notes Payable
Mortgage Payable
Total Long-Term Liabilities

75,000
0
75,000

Total Liabilities

167,840

Capital:
Owner's Equity

501,806

Total Capital

501,806

Total Liabilities and Capital

###
0

Breakaway Bicycle Company, Inc.

Ingresos proyectados
2000
NMERO DE:
Cuadros de bicicletas de ruta
Cuadros de bicicletas montaeras
INGRESOS GENERADOS POR:
Ventas en Europa - Cuadros de bicicletas de ruta (USD 1.800/Cuadro)
Ventas en Estados Unidos - Ruta (USD 1.800/Cuadro)
Ventas en Europa - Montaa (USD 1.600/Cuadro)
Ventas en Estados Unidos - Montaa (USD 1.600/Cuadro)

Enero

Febrero

Marzo

Abril

Mayo

Junio

Julio

Agosto

Septiembre

Octubre

Noviembre

Diciembre

30
40

26
38

30
38

34
41

36
43

34
41

38
40

32
36

29
32

26
29

22
19

44
48

$b 10,800
$b 43,200
$b 32,000
$b 32,000

$b 9,360
$b 37,440
$b 30,400
$b 30,400

$b 10,800
$b 43,200
$b 30,400
$b 30,400

$b 12,240
$b 48,960
$b 32,800
$b 32,800

$b 12,960
$b 51,840
$b 34,400
$b 34,400

$b 12,240
$b 48,960
$b 32,800
$b 32,800

$b 12,240
$b 48,960
$b 32,000
$b 32,000

$b 11,520
$b 46,080
$b 28,800
$b 28,800

$b 10,440
$b 41,760
$b 25,600
$b 25,600

$b 9,360
$b 37,440
$b 23,200
$b 23,200

$b 7,920
$b 31,680
$b 15,200
$b 15,200

$b 15,840
$b 63,360
$b 38,400
$b 38,400

$b 118,000

$b 107,600

$b 114,800

$b 126,800

$b 133,600

$b 126,800

$b 125,200

$b 115,200

$b 103,400

$b 93,200

$b 70,000

$b 156,000

Total
377
445

$b 1,390,600

2001
NMERO DE:
Cuadros de bicicletas de ruta
Cuadros de bicicletas montaeras
INGRESOS GENERADOS POR:
Ventas en Europa - Cuadros de bicicletas de ruta (USD 1.800/Cuadro)
Ventas en Estados Unidos - Ruta (USD 1.800/Cuadro)
Ventas en Europa - Montaa (USD 1.600/Cuadro)
Ventas en Estados Unidos - Montaa (USD 1.600/Cuadro)

Enero

Febrero

Marzo

Abril

Mayo

Junio

Julio

Agosto

Septiembre

Octubre

Noviembre

Diciembre

40
44

35
42

36
41

38
46

42
48

40
45

38
44

35
38

32
35

29
32

25
26

60
65

$b 14,400
$b 57,600
$b 35,200
$b 35,200

$b 12,600
$b 50,400
$b 33,600
$b 33,600

$b 12,960
$b 51,840
$b 32,800
$b 32,800

$b 13,680
$b 54,720
$b 36,800
$b 36,800

$b 15,120
$b 60,480
$b 38,400
$b 38,400

$b 14,400
$b 57,600
$b 36,000
$b 36,000

$b 13,680
$b 54,720
$b 35,200
$b 35,200

$b 12,600
$b 50,400
$b 30,400
$b 30,400

$b 11,520
$b 46,080
$b 28,000
$b 28,000

$b 10,440
$b 41,760
$b 25,600
$b 25,600

$b 9,000
$b 36,000
$b 20,800
$b 20,800

$b 21,600
$b 86,400
$b 52,000
$b 52,000

$b 142,400

$b 130,200

$b 130,400

$b 142,000

$b 152,400

$b 144,000

$b 138,800

$b 123,800

$b 113,600

$b 103,400

$b 86,600

$b 212,000

Total
450
506

$b 1,619,600

Ingresos proyectados - 2000

$b 160,000
$b 140,000
I
n
g $b 120,000
r
e
s $b 100,000
o
s
$b 80,000
m
e $b 60,000
n
s
u $b 40,000
a
l
e $b 20,000
s
$b 0
Enero Febrer Marzo
o

Abril

Mayo

Junio

Julio Agosto Septie Octubr Novie Diciem

mbre e
mbre bre

Breakaway Bicycle Company, Inc.

Estado de prdidas y ganancias proyectadas - 2000
Enero
Ingresos:
Ventas brutas
Menos: Rendimientos y previsiones sobre las ventas
Ventas netas
Costo de las ventas:
Materiales
Mano de obra
Otros gastos directos
Gastos indirectos
Costo de las ventas
Ganancias brutas (prdidas brutas)
Gastos:
Publicidad
Deudas incobrables
Gastos bancarios
Aportes de beneficencia
Gastos de tarjeta de crdito
Gastos de entrega
Depreciacin
Suscripciones y membresas
Seguros
Intereses
Mantenimiento
Varios
Gastos de oficina
Insumos operativos
Impuestos sobre salarios
Permisos y licencias
Franqueo postal
Alquiler
Telfono
Viajes
Servicios pblicos
Salarios
Salarios
Total de gastos
Ingresos operativos netos
Otros ingresos:
Ganancias (prdidas) por venta de activos
Ingresos por intereses
Total de otros ingresos
Ingresos netos (prdidas netas)
Ingresos netos acumulados (prdidas netas acumuladas)

Febrero

Marzo

Abril

Mayo

Junio

Julio

Agosto

Septiembre

Octubre

Noviembre

$b 118,000
5,900
$b 112,100

107,600
5,380
###

$b 114,800
5,740
###

$b 126,800
6,340
$b 120,460

$b 133,800
6,690
$b 127,110

###
6,340
###

$b 125,200
6,260
$b 118,940

$b 115,200
5,760
$b 109,440

###
5,170
$b 98,230

$b 93,200
4,660
$b 88,540

$b 70,000
3,500
$b 66,500

14,160
14,160
5,310
1,770
$b 35,400

12,912
12,912
4,842
1,614
$b 32,280

13,776
13,776
5,166
1,722
$b 34,440

15,216
15,216
5,706
1,902
$b 38,040

16,056
16,056
6,021
2,007
$b 40,140

15,216
15,216
5,706
1,902
$b 38,040

15,024
15,024
5,634
1,878
$b 37,560

13,824
13,824
5,184
1,728
$b 34,560

12,408
12,408
4,653
1,551
$b 31,020

11,184
11,184
4,194
1,398
$b 27,960

8,400
8,400
3,150
1,050
$b 21,000

$b 76,700

$b 69,940

$b 74,620

$b 82,420

$b 86,970

$b 82,420

$b 81,380

$b 74,880

$b 67,210

$b 60,580

$b 45,500

2,500
5,605
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
200
500
23,757
49,373

2,500
5,111
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
25,005
50,927

3,000
5,453
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
37,917
64,681

5,000
6,023
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
22,701
52,035

3,000
6,356
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
21,861
49,528

3,000
6,023
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
22,701
50,035

2,500
5,947
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
22,893
49,651

2,000
5,472
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
24,093
49,876

2,000
4,912
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
25,509
50,932

3,000
4,427
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
26,733
52,671

4,000
3,325
300
100
0
200
5,480
888
50
600
401
200
500
200
200
3,792
100
200
3,200
400
1,000
500
29,517
55,353

27,327

19,013

9,939

30,385

37,443

32,385

31,729

25,004

16,279

7,909

(9,853)

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

$b 27,327
$b 27,327

19,013
46,340

$b 9,939
$b 56,279

$b 30,385
$b 86,664

$b 37,443
$b 124,107

$b 32,385
###

$b 31,729
$b 188,221

$b 25,004
$b 213,225

$b 16,279
###

$b 7,909
###

$b -9,853
###

Breakaway Bicycle Company, Inc.

Hoja de clculo para el presupuesto del flujo de caja - 2000
Enero
Efectivo inicial
Ingresos de efectivo (ganancias):
Liquidacin de cuentas por cobrar
Beneficios por prstamos
Ventas y recibos
Otros:

Febrero
$b 63,642

Marzo
$b 84,601

Abril
###

Mayo
###

Junio
###

Julio
###

Agosto
Septiembre
###
###

Octubre
###

Noviembre
###

Diciembre
###

0
100,000
106,200

5,605

5,111

5,453

6,023

6,356

6,023

5,947

5,472

4,912

4,427

3,325

96,840

103,320

114,120

120,420

114,120

112,680

98,496

93,060

83,880

63,000

140,400

###
###

###
###

###
###

###
###

###
###

###
###

###
###

###
###

$b 98,532
###

$b 88,792
###

$b 67,427
###

###
###

2,500
300
200
5,480
3,000
600
401
14,160
7,580
200
37,917
3,792
0
2,000
50
200
100
900

2,500
300
200
5,480
3,000
600
401
12,912
6,956
200
37,917
3,792
0
2,000
50
200
100
900

3,000
300
200
5,480
3,000
600
401
13,776
7,388
200
37,917
3,792
0
2,000
50
200
100
900

5,000
300
200
5,480
3,000
600
401
15,216
8,108
200
37,917
3,792
0
2,000
50
200
100
900

3,000
300
200
5,480
3,000
600
401
16,056
8,528
200
37,917
3,792
0
2,000
50
200
100
900

3,000
300
200
5,480
3,000
600
401
15,216
8,108
200
37,917
3,792
0
2,000
50
200
100
900

2,500
300
200
5,480
3,000
600
401
15,024
8,012
200
37,917
3,792
0
2,000
50
200
100
900

2,000
300
200
5,480
3,000
600
401
13,824
7,412
200
37,917
3,792
0
2,000
50
200
100
900

2,000
300
200
5,480
3,000
600
401
12,408
6,704
200
37,917
3,792
0
2,000
50
200
100
900

3,000
300
200
5,480
3,000
600
401
11,184
6,092
200
37,917
3,792
0
2,000
50
200
100
900

4,000
300
200
5,480
3,000
600
401
8,400
4,700
200
37,917
3,792
0
2,000
50
200
100
900

5,000
300
200
5,480
3,000
600
401
18,720
9,860
200
37,917
3,792
0
2,000
50
200
100
900

200
200

1,000
200

1,000
200

1,000
200

1,000
200

1,000
200

1,000
200

1,000
200

1,000
200

1,000
200

1,000
200

200
200

Subtotal
Otros egresos de efectivo:
Compras de capital
Capital principal de prstamos
Retiros de los accionistas
Otros:

$b 79,780

$b 78,708

$b 80,504

$b 84,664

$b 83,924

$b 82,664

$b 81,876

$b 79,576

$b 77,452

$b 76,616

$b 73,440

$b 89,120

60,000
2,778

2,778

2,778

2,778

2,778

2,778

2,778

2,778

2,778

2,778

2,778

2,778

Subtotal
Total de egresos de efectivo
Efectivo al final del perodo

$b 62,778
###
$b 63,642

$b 2,778
$b 81,486
$b 84,601

$b 2,778
$b 83,282
###

$b 2,778
$b 87,442
###

$b 2,778
$b 86,702
###

$b 2,778
$b 85,442
###

$b 2,778
$b 84,654
###

$b 2,778
$b 82,354
###

$b 2,778
$b 80,230
###

$b 2,778
$b 79,394
###

$b 2,778
$b 76,218
###

$b 2,778
$b 91,898
###

Total de ingresos de efectivo

Saldo disponible de efectivo
Egresos de efectivo (gastos):
Publicidad
Gastos bancarios
Gastos de tarjetas de crdito
Entregas
Seguro de salud
Seguros
Inters
Compras de inventario
Varios
Oficina
Sueldos y salarios
Impuestos sobre salarios
Honorarios profesionales
Alquiler o arrendamiento
Suscripciones y membresas
Insumos
Impuestos y licencias
Servicios pblicos y telfono
Otros:
Viajes
Mantenimiento

Nota 1. Breakaway espera obtener un prstamo de USD 100.000 para comprar tres nuevas instalaciones que permitan atender el aumento esperado en los pedidos de bicicletas.
El importe adicional de USD 40.000 aportara capital de trabajo durante el perodo de expansin. El prstamo tendra una duracin de tres aos a una tasa de inters del 9%.

Total

58,654
100,000
1,246,536
0
0
0
###

37,500
3,600
2,400
65,760
36,000
7,200
4,812
166,896
89,448
2,400
455,004
45,504
0
24,000
600
2,400
1,200
10,800
0
10,400
2,400
0
$b 968,324
60,000
33,336
0
0
0
$b 93,336
###