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Cash Inflows: Distribuition Expense

The document shows the cash flows, balance sheet, and income statement of Goal Company from 2017 to 2019. Cash flows increased each year from ₱2.9 million in 2017 to ₱6.58 million in 2018 to ₱10.3 million in 2019. Equipment purchases decreased to zero after 2017. Net income after tax also increased each year from ₱1.956 million in 2017 to ₱2.012 million in 2018 to ₱2.045 million in 2019. Total assets grew from just under ₱3 million in 2017 to over ₱10 million in 2019, while total equity and liabilities remained unchanged.

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Hilarie Gulfan Melendres
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70 views4 pages

Cash Inflows: Distribuition Expense

The document shows the cash flows, balance sheet, and income statement of Goal Company from 2017 to 2019. Cash flows increased each year from ₱2.9 million in 2017 to ₱6.58 million in 2018 to ₱10.3 million in 2019. Equipment purchases decreased to zero after 2017. Net income after tax also increased each year from ₱1.956 million in 2017 to ₱2.012 million in 2018 to ₱2.045 million in 2019. Total assets grew from just under ₱3 million in 2017 to over ₱10 million in 2019, while total equity and liabilities remained unchanged.

Uploaded by

Hilarie Gulfan Melendres
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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2017 2018 2019

Cash Inflows
Investment ₱ 750,000.00 ₱ ₱
Cash Sales ₱ 154,224.00 ₱ 157,590.00 ₱ 159,640
₱904,224 ₱ 157,590.00 ₱ 159,640

Cash Outflows
Purchases
Equipment ₱ 22,000.00 ₱ - ₱
₱
Raw Materials 3,781,572.48 ₱ 3,864,106.8 ₱ 3,914,372.8
Operating Expense ₱ 832,596.67 ₱ 832,596.67 ₱ 832,596.67
Distribuition expense ₱ 6,600.00 6,600.00 6,600.00
₱ 4,642,769.15 ₱ 4,703,303.47 ₱ 4,753,569.47 ₱

Net cash flow ₱ 3,738,545.15 ₱ 4,545,713.47 4,593,929.47


Tax Expense ₱ 838,425.543 ₱ 862,175.919 876,640.839
Beg. Balance ₱ - ₱ 2,900,119.61 6,583,657.16
Cash balance, end ₱ 2,900,119.61 ₱ 6,583,657.16 10,300,945.8
.Projected Balance Sheet

GOAL COMPANY
Statement of Financial Position
BALANCE SHEET

2017 2018 2019


ASSET
Current

Cash 2,900,119.61 6,583,657.16 10,300,945.8

Supplies 2,050.00 2,050.00 2,050.00

Total Current Asset ₱ 2902,169.61 6,585,707.16 10,302,995.8

Non Current

Equipment(net) (4,166.67) 8,783.34

less: Depreciation (4,666.67) (4,666.67) (4,666.67)


Total Non Current
Asset 4

Total Asset

₱ ₱ ₱ ₱
Liabilities - - - -

Equity
Capital 750,000.00
net income ₱ ₱ ₱
Total
1. Projected Income Statement

GOAL COMPANY
STATEMENT OF FINANCIAL INCOME
2017
2018 2019
₱
GROSS SALES 154,224.00 157,590.00 159,640 ,
Less: Cost of goods sold ₱ 3,781,572.48 3,864,106.8 3,914,372.8
GROSS INCOME ₱ 3,627,348.48 3,706,516.4 3,754,732.8
₱ ₱
Less: EXPENSE 832,596.67 832,596.67 ₱ 832,596.67
Net Income Before Tax ₱2,794,751.81 2,873,919.73 2,922,136.13
Less: Tax 30 %

Tax Due
₱ 838,425.543 862,175.919 876,640.839
₱
Net Income After Tax ₱ 1,956,326.27 ₱ 2,011,743.81 2,045,495.29

Operating Expense:
(SEE NOTES)
₱ ₱
Supplies expense ₱ 2,050.00 2,050.00 2,050.00
Salary expense ₱ 783,360 ₱ 783,360 ₱ 783,360
Advertising Expense ₱ 4,000.00 ₱ 4,000.00 ₱ 4,000.00
Gov`t Expense ₱ 2,000.00 ₱ 2,000.00 ₱ 2,000.00
Gas Expense ₱ 5,520.00 ₱ 5,520.00 ₱ 5,520.00
Equipment Depreciation ₱ 4,666.67 ₱ 4,666.67 ₱ 4,666.67
Rent Expense ₱ 6,000.00 ₱ 6,000.00 ₱ 6,000.00
Utilities ₱ 25,476 ₱ 25,476 ₱ 25,476

TOTAL EXPENSES ₱ 832,596.67 ₱ 832,596 .67 ₱ 832,596.67

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