Ace Sporting Goods Cash to Be Paid Out Worksheet

Ace Sporting Goods

Cash to Be Paid Out Worksheet

(Cash Flowing Out of the Business)

Time Period Covered: January 1 thru December 31, 2007

1. START-UP COSTS: $ 1,450

Business License 30

Corporation Filing 500

Legal Fees 920

Other start-up costs:

a.

b.

c.

2. INVENTORY PURCHASES 32,000

Cash out for appurtenances advised for resale

3. SELLING EXPENSES (VARIABLE/DIRECT)

Advertising/Marketing 6,000

Event Planning 2,500

Freight 0

Sales Salaries/Commissions 14,000

Travel 2,000

Vehicle 1,550

Miscellaneous Variable Expense 300

TOTAL SELLING EXPENSES 27,150

4. FIXED EXPENSES (ADMINISTRATIVE/INDIRECT)

Financial Administration 1,800

Insurance 900

Licenses/Permits 100

Office Salaries 16,300

Rent Expenses 8,600

Utilities 2,400

Miscellaneous Fixed Expense 400

TOTAL OPERATING EXPENSES 30,500

5. ASSETS (LONG-TERM PURCHASES) 6,000

Cash to be paid out in accepted period

6. LIABILITIES 9,900

Cash outlay for backward debts, loans, and/or

accounts payable

7. OWNER EQUITY 24,000

Cash to be aloof by owner

TOTAL CASH TO BE PAID OUT $ 131,000