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1 2 3 4

Dep 6,080,000 4,560,000 3,040,000 1,520,000

Int 1,440,000 1,080,000 720,000 360,000

NIBIT 7,520,000 5,640,000 3,760,000 1,880,000

IT10% 752,000 564,000 376,000 188,000

NET INCOME 8,272,000 6,204,000 4,136,000 2,068,000Deduct

Dep 6,080,000 4,560,000 3,040,000 1,520,000

Salvage 800,000

NET CO FLOW 2,192,000 1,644,000 1,096,000 (252,000)

y NCF DCF (18%) PV y

1 2,192,000 0.8475 1,857,720 1

2 1,644,000 0.7182 1,180,721 2

3 1,096,000 0.6086 667,026 3

4 (252,000) 0.5158 (129,982) 4

Total Pv 3,575,485

Less Init 16000000NPV (12,424,515)

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1 2 3 4

Rent 3,800,000 3,800,000 3,800,000 3,800,000

Int

NIBIT 3,800,000 3,800,000 3,800,000 3,800,000

IT10% 380,000 380,000 380,000 380,000

NET INCOME 4,180,000 4,180,000 4,180,000 4,180,000Deduct

Dep

Salvage

NET CO FLOW 4,180,000 4,180,000 4,180,000 4,180,000

NCF DCF (18%) PV

4,180,000 0.8475 3,542,550

4,180,000 0.7182 3,002,076

4,180,000 0.6086 2,543,948

4,180,000 0.5158 2,156,044

Total Pv 11,244,618

Less Init 16000000NPV (4,755,382)

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Cash Budget Sheet

Description March April May June July

Beginning Bank Balance 5,000

Receipts:

Cash Sales 13,500

Collections:

A/R Trade

A/R Others

Proceed: Loan

Total receipt

Total Available Cash:

Disbursement:

A/P Trade 6,300 5,000

14,000

Controllable Expenses:

Salaries, Wages, Benefit 20,000 18,500 21,000 22,000 23,500

Marketing 4,000 4,200 4,000 4,500 5,000Direct operating Exp. 1,500 1,250 1,250 1,250 1,500

1,500 1,250 1,250 1,250

POMEC 2,000 1,750 1,500 1,500 1,600

2,000 1,750 1,500 1,500

A&G 1,000 900 850 900 1,000

1,000 900 850 900

Total Controllable Expenses 28,500 31,100 32,500 33,750 36,250

Occupation Costs 4,000 4,000 4,000 4,000 4,000

Government 6,400

Service 10%

Others

Loan Repayment 2,000 2,000 2,000 2,000 2,000

Dividend paid

Total Disbursement:

Ending Bank Balance

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CASH RECEIPT Credit Card :

DS t DS t-1

CASH RECEIPT regular Credit Sales :

CRCC = S t ( CC % ) ( 1 BC ) ( DP t ) + S t-1 ( CC % ) (1 BC ) ( DP t-1 )

CR cc 10.33 10.33

January = 35000 (30%) (1-3%) (31) + 50000 (30%) (1-3%) (31)

= 35000 (0.291) (0.333) + 50000 (0.291) (0.3330

= 3392 + 4845

= 8237

CR cc 9.33 10.33

February = 40000 (30%) (1-3%) (28) + 35000 (30%) (1-3%) (31)

= 40000 (0.291) (0.333) + 35000 (0.291) (0.3330

= 3878 + 3392

= 7270

CR rC = S t ( RC % ) ( CE t% ) + S t-1 (RC %) ( CE t-1 % ).+ S t-n (RC %) ( CE t-n %)

CR rc = 35000 (40%) (10%) + 50000 (40%) (30%) + 30000 (40%) (50%) + 40000 (40%) (8%)January = 1600 + 6000 + 6000 + 1280

= 14680

CR rc = 40000 (40%) (10%) + 35000 (40%) (30%) + 50000 (40%) (50%) + 30000 (40%) (8%)February = 1600 + 4200 + 10000 + 960

= 16760

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