Consider how the food outlet business that you are developing a business plan for will manage cash-flow, financial controls, and financial planning. Post your plans on the discussion board and respond to at least two others' results.

Balance Sheet
Assets	Dec-24		31Dec2023 or 1Jan2024		Fixed assets and accounts payable to drive the rest of the Balance sheet
Current Assets
Cash in Bank	$32,163		$21,443
Investments in liquid funds	$25,023		$0
Cash Value of Inventory	$37,382		$19,114
Prepaid insurance	$12,000		$24,000
Total Current Assets	$106,568		$64,557
Fixed Assets						DDB; 10 years life; half year rule; NBV*2/n			Machinery and equipment
Machinery & Equipment	$81,000		$90,000		2023		2024					0.2
Acc dep, machinery and equipment	$16,200		$9,000		9000		16200
Furniture & Fixtures	$54,000		$60,000									Furniture and fixture
Acc dep, furniture & fixtures	$10,800		$6,000		6000		10800					0.2
Total Fixed Assets	$108,000		$135,000
Total Assets	$214,568		$199,557
Liabilities & Net Worth
Current Liabilities
Accounts Payable	$18,692		$9,557
Taxes Payable	$568		$0			9% pa taxes
Revolving credit facility	$30,000		$30,000			12% per annum rate of interest, if utilized
Total Current Liabilities	$49,260		$39,557
Long-Term Liabilities
Bank Loans Payable (greater than 12 months)	$98,996		$100,000			15% rate of int per annum considered to be repaid in 10 years or 120 instalments starting 31Jan2024
Less: Short-Term Portion	$10,000		$10,000
Total Long-Term Liabilities	$108,996		$110,000
Total Liabilities	$158,256		$149,557
Owners' Equity (Net Worth)
Shareholders' equity	$50,000		$50,000
Net income for the year	$6,312		$0
Less: Dividends for the year	$0		$0
Total equity	$56,312		$50,000
Total Liabilities & Net Worth	$214,568		$199,557

	January	February	March	April	May	June	July	August	September	October	November	December	YEARLY
Revenue (Sales)
Beverages	6,600	7,700	8,360	11,000	4,400	3,300	3,300	3,740	11,000	10,450	12,100	13,200	95,150
Main Course	21,780	24,750	32,175	37,125	11,880	9,900	9,900	10,890	36,630	35,640	39,600	49,500	319,770
Snacks	9,680	11,000	13,200	15,400	8,800	7,480	7,040	7,920	17,600	17,600	13,200	13,200	142,120
Total Revenue (Sales)	38,060	43,450	53,735	63,525	25,080	20,680	20,240	22,550	65,230	63,690	64,900	75,900	557,040
Cost of Goods Sold
Beverages	6,947	7,343	7,581	8,531	4,832	4,436	4,436	4,594	8,531	8,333	8,927	9,323	83,814
Main Course	22,424	23,612	26,582	28,562	14,493	13,701	13,701	18,068	28,364	27,968	29,552	33,512	280,539
Snacks	9,411	10,071	11,171	12,271	7,648	6,988	6,768	7,208	13,371	13,371	11,171	11,171	120,620
Total Cost of Goods Sold	38,782	41,026	45,334	49,364	26,973	25,125	24,905	29,870	50,266	49,672	49,650	54,006	484,973
Gross Profit	-722	2,424	8,401	14,161	-1,893	-4,445	-4,665	-7,320	14,964	14,018	15,250	21,894	72,067
Operating Expenses
Rent Expense	188	188	188	188	188	188	188	188	188	188	188	188	2,256
Salary/Wage Expenses	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	36,000
Supplies Expense	200	200	200	200	150	150	150	150	200	200	200	200	2,200
Advertising Expense	100	100	100	100	100	100	100	100	100	100	100	100	1,200
Utilities Expense	100	100	100	100	100	100	100	100	100	100	100	100	1,200
Telephone/Internet Expense	150	150	150	150	150	150	150	150	150	150	150	150	1,800
Insurance Expense	400	400	400	400	400	400	400	400	400	400	400	400	4,800
Interest from Loans (if applicable)	1,375	1,364	1,352	1,341	1,329	1,318	1,306	1,295	1,283	1,272	1,260	1,249	15,744
Other Expenses (Miscellaneous)	50	55	65	65	30	30	30	30	50	50	50	50	555
Total Expenses	5,563	5,557	5,555	5,544	5,447	5,436	5,424	5,413	5,471	5,460	5,448	5,437	65,755
Net Profit	-6,285	-3,133	2,846	8,617	-7,340	-9,881	-10,089	-12,733	9,493	8,558	9,802	16,457	6,312