Assignment 4: Supply Chain Management and Financial Plan

Assignment 4: Supply Chain Management and Financial Plan
Name
Course
Date
Pro forma (projected) income statement and balance sheet

Income Statement


Year 1

Year 2

Sales revenue

600,000

700,000

Cost of Sales

70,000

90,000

Gross profit

530,000

610,000




Expenses



Sales, advertising and marketing

38,700

40,000

Depreciation

-

3,500

Rent

24,000

24,000

Electricity

4,000

4,000

Telephone

5,000

5,500

Internet access

3,000

3,500

Insurance cover

2,500

2,500

Accounting services

10,000

12,500

Office supply

3,000

1,000

Salaries

250,000

250,000

Payroll taxes

35,000

50,000

Net Profit

154,800

213,500


Balance sheet


Year 1

Year 2

Assets



Current assets



Cash

300,000

330,000

Account receivables

20,000

50,000

Other current assets

3000

4500

TOTAL CURRENT ASSETS

323,000

384,500

Long-term Assets

70,000

70,000

Accumulated Depreciation


3,500

TOTAL LONG-TERM ASSETS

70,000

73,500

Total assets

393,000

458,000

Liabilities and capital



Current liabilities



Accounts payable

26,200

35,000

Current borrowing

50,000

44,500

Other current liabilities

12,000

15,000

TOTAL CURRENT LIABILITIES

88,200

94,500

Long-term liabilities

80,000

80,000

TOTAL LIABILITIES

168,200

174,500

Paid-in Capital

70,000

70,000

Retained earnings



Earnings

154,800

213,500

TOTAL CAPITAL

224,800

283,500

TOTAL LIABILITIES AND CAPITAL

393,000

458,000

Plan for hiring and retaining competent, motivated employees for the business
Hiring and retaining competent employees is important since they tend to be committed professionals who put their skills into practice to obtain superior results and improve performance. Motivated people who enjoy what they do, with skills and abilities to perform their work, update their knowledge to achieve better results and grow professionally. Employer branding is one way to attract the people, and ...