Café 95
Café 95 is a fictitious café nearby “Organic Food Everyday”. They make outstanding coffees and pastries.
The following are Balance Sheet and Income Statement of Café 95:
| Balance Sheet of Café 95 | Year 2 |
| Assets | |
| Current Assets | |
| Cash | 80,000.00 |
| Total Current Assets | 80,000.00 |
| Long-Term Assets | |
| Property, Plant & Equipment | 30,000.00 |
| Total Long-Term Assets | 30,000.00 |
| Total Assets | 110,000.00 |
| Liabilities & Equity | |
| Current Liabilities | |
| Accounts Payable | 10,000.00 |
| Total Current Liabilities | 10,000.00 |
| Long-Term Liabilities | |
| Debt | 0.00 |
| Total Long-Term Liabilities | 0.00 |
| Equity | 100,000.00 |
| Total Liabilities & Equity | 110,000.00 |
| Income Statement | Year 2 |
| Revenue | 58,000.00 |
| Cost of Sales | (12,580.00) |
| Gross Profit | 45,420.00 |
| Selling and marketing expenses | (5,000.00) |
| Administrative expenses | (4,500.00) |
| Operating Expenses | (9,500.00) |
| Depreciation | (580.00) |
| Operating Profit | 35,340.00 |
| Interest Income / (Expenses) | 900.00 |
| Profit Before Tax | 36,240.00 |
| Income tax expense (24%) | (8,697.60) |
| Net Income | 27,542.40 |