Jasmine SinghSam's Catering

Sam's Catering Co. Ltd.Proforma Profit Loss Statement Porforma P 2009 Actual 2010 Plan 2011 Forecast Gross Sales $ 750,000 $ 765,000 $ 841,500 Discounts $ 75,000 $ 76,500 $ 84,150 Net Sales $ 675,000 $ 688,500 $ 757,350 Cost of Goods Sold $ 300,000 $ 306,000 $ 336,600 Gross Margin $ 375,000 $ 382,500 $ 420,750 Expenses Marketing $ 50,000 $ 50,000 $ 55,000 Salaries $ 150,000 $ 155,000 $ 170,500 Office Overhead $ 50,000 $ 55,000 $ 60,500 Miscellaneous $ 10,000 $ 8,000 $ 8,800 Total Expenses $ 260,000 $ 268,000 $ 294,800 Operating Profit Before Taxes $ 115,000 $ 114,500 $ 125,950 Taxes $ 34,500 $ 34,350 $ 37,785 Net Profit After Tax $ 80,500 $ 80,150 $ 88,165

Sam's Catering Co. Ltd.Proforma Profit Loss Statement Porforma P 2009 Actual 2010 Plan 2011 Forecast Gross Sales $ 750,000 $ 765,000 $ 841,500 Discounts $ 75,000 $ 76,500 $ 84,150 Net Sales $ 675,000 $ 688,500 $ 757,350 Cost of Goods Sold $ 300,000 $ 306,000 $ 336,600 Gross Margin $ 375,000 $ 382,500 $ 420,750 Expenses Marketing $ 50,000 $ 50,000 $ 55,000 Salaries $ 150,000 $ 155,000 $ 170,500 Office Overhead $ 50,000 $ 55,000 $ 60,500 Miscellaneous $ 10,000 $ 8,000 $ 8,800 Total Expenses $ 260,000 $ 268,000 $ 294,800 Operating Profit Before Taxes $ 115,000 $ 114,500 $ 125,950 Taxes $ 34,500 $ 34,350 $ 37,785 Net Profit After Tax $ 80,500 $ 80,150 $ 88,165