Case 1

Documentation

Green Clean Homes
Author
Date
Purpose	To develop a projected income statement for Green Clean Homes

Income Statement

Green Clean Homes
Projected Income				Financial Assumptions
Income				Gross Sales	Projects per Day	12
Gross Sales	305718				Hours per Project	4
Cost of Sales	61143.6				Hourly Charge	29
Gross Profit					Annual Working Days	251
				Cost of Sales	Percent of Gross Sales	20%
Operating Expenses				Payroll	Hired Cleaners	4
Salaries	112000				Hourly Rate	16
Taxes and Benefits	7280				Hours per Week	35
Employee Insurance	4440				Weeks per Year	50
Overhead	5280				FICA Tax Rate	6.5%
Advertising	2700			Monthly Employee Insurance	Owners' Liability	210
Supplies	9600				Workman's Comp	160
Lease	3240			Monthly Overhead	Telephone	45
Interest	2640				Utilities	320
Total Operating Expenses					Internet	75
				Monthly Advertising	Commercials and Notices	225
Total Operating Profit/Loss				Monthly Supplies	Cleaning Solutions	350
Income Taxes					Rags and Brushes	250
Net Profit/Loss					Miscelleanous	200
				Lease	Monthly Lease	270
				Interest	Loan Interest	220
				Taxes	Corporate Tax Rate	31.0%