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ANNUAL BUDGET
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INCOME
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SALES INCOME
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Products Actual % of Total Sales Budget % of Total Sales Difference
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[SPECIFY PRODUCT] 500 33% 505 23.43% 5
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[SPECIFY PRODUCT] 200 13% 250 11.60% 50
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[SPECIFY PRODUCT] 250 16% 300 13.92% 50
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[SPECIFY PRODUCT] 300 20% 580 26.91% 280
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[SPECIFY PRODUCT] 280 18% 520 24.13% 240
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TOTAL SALES 1,530 100% 2,155 100.00% 625
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COST OF GOODS SOLD (COGS)
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Products Actual % of Total Sales Budget % of Total Sales Difference
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[SPECIFY PRODUCT] COGS 250 20% 300 19% 50
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[SPECIFY PRODUCT] COGS 250 20% 300 19% 50
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[SPECIFY PRODUCT] COGS 200 16% 250 16% 50
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[SPECIFY PRODUCT] COGS 300 24% 380 24% 80
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[SPECIFY PRODUCT] COGS 250 20% 350 22% 100
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TOTAL COGS 1,250 100% 1,580 100% 330
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GROSS PROFIT 280 [100% - COGS %] 575 [100% - COGS %] 295
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NON-OPERATING INCOME (NOI)
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Products Actual Budget Difference
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Interest Income 125 150 25
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Rental Income 100 150 50
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Gifts Received 123 150 27
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Donations 100 100 -
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Other Income 100 150 50
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TOTAL NON-OPERATING INCOME 548 700 152
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INCOME GRAND TOTAL$3,328.00 4,435 1,107
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EXPENSES
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OPERATING EXPENSES (OE)
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Operation Particulars Actual % of Total Sales Budget % of Total Sales Difference
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Accounting 36 3.30% 36 3% -
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Advertising 32 2.93% 40 3% 8
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Depreciation 32 2.93% 32 3% -
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Dues and Subscriptions 65 5.95% 65 6% -
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Insurance 62 5.68% 62 5% -
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Interest Expense 250 22.89% 322 28% 72
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Legal 69 6.32% 69 6% -
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Maintenance and Repairs 66 6.04% 21 2% -45
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Office Supplies 65 5.95% 65 6% -
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Online Marketing 85 7.78% 85 7% -
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Payroll Expenses 24 2.20% 24 2% -
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Postage 32 2.93% 32 3% -
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Research and Development 55 5.04% 21 2% -34
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Salaries and Wages 23 2.11% 54 5% 31
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Taxes and Licenses 62 5.68% 94 8% 32
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Telephone 55 5.04% 23 2% -32
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Travel 32 2.93% 74 6% 42
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Utilities 47 4.30% 47 4% -
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TOTAL OPERATING EXPENSES 1,092 100.00% 1,166 100% 74
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NON-RECURRING EXPENSES (NRE)
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Non-Recurring Particulars Actual Budget Difference
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Furnishings 52 64 12
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Equipment/Hardware 32 35 3
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Software 65 95 30
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Gifts Given 62 84 22
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Other 58 21 -37
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TOTAL NON-RECURRING EXPENSES 269 299 30
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EXPENSES GRAND TOTAL 1,361 1,465 104
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 Actual Budget Difference
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Net Income Before Taxes 1,967 2,970 1,003
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Income Tax Expense - - -
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NET INCOME 1,967 2,970 1,003
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