October 2005 | ||||||
| Selected Period | Budgeted | $ Difference | % Difference | |||
____________________________________________________________________________________ | ||||||
| Assets | ||||||
| Cash Accounts | ||||||
| Checking Account | $16,664.83 | $34,878.91 | ($18,214.08) | (52.2%) | ||
| Petty Cash | $100.00 | $100.00 | $0.00 | 0.0% | ||
| Total Cash Accounts | $16,764.83 | $34,978.91 | ($18,214.08) | (52.1%) | ||
| Inventory | ||||||
| Raw Materials | $3,400.00 | $3,400.00 | $0.00 | 0.0% | ||
| Finished Goods | $75,129.62 | $5,400.00 | $69,729.62 | 1,291.3% | ||
| Total Inventory | $78,529.62 | $8,800.00 | $69,729.62 | 792.4% | ||
| Accounts Receivable | $37,264.78 | $32,000.00 | $5,264.78 | 16.5% | ||
| Deposits Paid Vendors | $100.00 | $100.00 | $0.00 | 0.0% | ||
| Office Equipment | ||||||
| Office Equip., Original Cost | $12,000.00 | $12,000.00 | $0.00 | 0.0% | ||
| Office Equip., Amortization | ($4,000.00) | ($4,000.00) | $0.00 | 0.0% | ||
| Total Office Equipment | $8,000.00 | $8,000.00 | $0.00 | 0.0% | ||
| Vehicles | ||||||
| Vehicles, Original Cost | $32,000.00 | $32,000.00 | $0.00 | 0.0% | ||
| Vehicles, Amortization | ($16,500.00) | ($16,500.00) | $0.00 | 0.0% | ||
| Total Vehicles | $15,500.00 | $15,500.00 | $0.00 | 0.0% | ||
| Other Assets | $500.00 | $500.00 | $0.00 | 0.0% | ||
| Total Assets | 156,659.23 | $99,878.91 | $56,780.32 | 56.8% | ||
| Liabilities | ||||||
| Credit Cards | ||||||
| American Express | $3,200.00 | $3,200.00 | $0.00 | 0.0% | ||
| Visa | $1,000.00 | $1,000.00 | $0.00 | 0.0% | ||
| Total Credit Cards | $4,200.00 | $4,200.00 | $0.00 | 0.0% | ||
| Accounts Payable | $10,615.14 | $21,000.00 | ($10,384.86) | (49.5%) | ||
| Bank Indebtedness | $100,000.00 | $100,000.00 | $0.00 | 0.0% | ||
| Tax Liabilities | ||||||
| Tax 1 Collected | $2,214.58 | $354.98 | $1,859.60 | 523.9% | ||
| Tax 2 Collected | $2,348.68 | $452.00 | $1,896.68 | 419.6% | ||
| Total Tax Liabilities | $4,563.26 | $806.98 | $3,756.28 | 465.5% | ||
| Payroll Liabilities | ||||||
| Payroll Liabilities | $13,919.25 | $0.00 | $13,919.25 | NA | ||
| Payroll Tax Payable | $105.00 | $0.00 | $105.00 | NA | ||
| Vacation Payable | $1,267.50 | $0.00 | $1,267.50 | NA | ||
| Total Payroll Liabilities | $15,291.75 | $0.00 | $15,291.75 | NA | ||
| Deposits from Customers | $500.00 | $500.00 | $0.00 | 0.0% | ||
| Total Liabilities | $135,170.15 | $126,506.98 | $8,663.17 | 6.8% | ||
| Equity | ||||||
| Paid in Capital | $110,000.00 | $110,000.00 | $0.00 | 0.0% | ||
| Retained Earnings | ($58,078.07) | ($136,628.07) | $78,550.00 | (57.5%) | ||
| Current Year Earnings | ($30,432.85) | $14,285.00 | ($44,717.85) | (313.0%) | ||
| Total Equity | $21,489.08 | ($12,343.07) | $33,832.15 | (274.1%) | ||
| ____________ | ____________ | ____________ | __________ | |||
| Total Liability & Equity | $156,659.23 | $114,163.91 | $42,495.32 | 37.2% | ||