Bromley's Tuxedo Rentals
Income Statement		Variable expenses:dry cleaning and alterations also increase by 5% and 7%
Income Projections
First year
	November	December	January	February	March	April	Totals
Sales	118,328.00	143,328.00	113,328.00	128,328.00	133,328.00	128,328.00	764,968.00
Salary Expense	83,328.00	83,328.00	83,328.00	83,328.00	83,328.00	83,328.00	499,968.00
Rent Expense	3,500.00	3,500.00	3,500.00	3,500.00	3,500.00	3,500.00	21,000.00
Repairs Expense	50.00	50.00	50.00	50.00	50.00	50.00	300.00
Alterations Expense	1,500.00	1,500.00	1,500.00	1,500.00	1,500.00	1,500.00	9,000.00
Dry Cleaning Expense	8,514.00	8,514.00	8,514.00	8,514.00	8,514.00	8,514.00	51,084.00
Advertising Expense	2,000.00	2,000.00	2,000.00	2,000.00	2,000.00	2,000.00	12,000.00
Supplies Expense	150.00	150.00	150.00	150.00	150.00	150.00	900.00
Depreciation Expense	3,268.12	3,268.12	3,268.12	3,268.12	3,268.12	3,268.12	19,608.72
Insurance Expense	750.00	750.00	750.00	750.00	750.00	750.00	4,500.00
Miscellaneous Expense	100.00	100.00	100.00	100.00	100.00	100.00	600.00
Payroll Taxes Expense	8,957.70	8,957.70	8,957.70	8,957.70	8,957.70	8,957.70	53,746.20
Legal And Accounting	-	-	-	-	-	-	-
Utilities Expense	1,875.00	1,875.00	1,875.00	1,875.00	1,875.00	1,875.00	11,250.00
Bad Debts Expense	-	-	-	-	-	-	-
Interest Expense	1,508.00	1,501.44	1,494.82	1,488.14	1,481.38	1,474.56	8,948.34
Delivery Expense	-	-	-	-	-	-	-
Total Expenses	115,500.82	115,494.26	115,487.64	115,480.96	115,474.20	115,467.38	692,905.26
Net Income	2,827.18	27,833.74	(2,159.64)	12,847.04	17,853.80	12,860.62	72,062.74
Second Year 5% increase in sales
Sales	124,244.44	150,494.40	118,944.40	134,744.40	139,994.40	134,744.40	803,166.44
Salary Expense	83,328.00	83,328.00	83,328.00	83,328.00	83,328.00	83,328.00	499,968.00
Rent Expense	3,500.00	3,500.00	3,500.00	3,500.00	3,500.00	3,500.00	21,000.00
Repairs Expense	50.00	50.00	50.00	50.00	50.00	50.00	300.00
Alterations Expense	1,575.00	1,575.00	1,575.00	1,575.00	1,575.00	1,575.00	9,450.00
Dry Cleaning Expense	9,565.48	9,565.48	9,565.48	9,565.48	9,565.48	9,565.48	57,392.88
Advertising Expense	2,000.00	2,000.00	2,000.00	2,000.00	2,000.00	2,000.00	12,000.00
Supplies Expense	150.00	150.00	150.00	150.00	150.00	150.00	900.00
Depreciation Expense	3,268.12	3,268.12	3,268.12	3,268.12	3,268.12	3,268.12	19,608.72
Insurance Expense	750.00	750.00	750.00	750.00	750.00	750.00	4,500.00
Miscellaneous Expense	100.00	100.00	100.00	100.00	100.00	100.00	600.00
Payroll Taxes Expense	8,957.70	8,957.70	8,957.70	8,957.70	8,957.70	8,957.70	53,746.20
Legal And Accounting	-	-	-	-	-	-	-
Utilities Expense	1,875.00	1,875.00	1,875.00	1,875.00	1,875.00	1,875.00	11,250.00
Bad Debts Expense	-	-	-	-	-	-	-
Interest Expense	1,424.86	1,417.47	1,410.01	1,402.48	1,394.87	1,387.18	8,436.87
Delivery Expense	-	-	-	-	-	-	-
Total Expenses	116,544.16	116,536.77	116,529.31	116,521.78	116,514.17	116,506.48	699,152.67
Net Income	7,700.28	33,957.63	2,415.09	18,222.62	23,480.23	18,237.92	104,013.77
Third year 7% increase in sales
Sales	126,610.96	153,360.96	121,260.96	137,310.96	142,660.96	137,310.96	818,515.76
Salary Expense	83,328.00	83,328.00	83,328.00	83,328.00	83,328.00	83,328.00	499,968.00
Rent Expense	3,500.00	3,500.00	3,500.00	3,500.00	3,500.00	3,500.00	21,000.00
Repairs Expense	50.00	50.00	50.00	50.00	50.00	50.00	300.00
Alterations Expense	1,685.25	1,685.25	1,685.25	1,685.25	1,685.25	1,685.25	10,111.50
Dry Cleaning Expense	4,500.00	4,500.00	4,500.00	4,500.00	4,500.00	4,500.00	27,000.00
Advertising Expense	2,000.00	2,000.00	2,000.00	2,000.00	2,000.00	2,000.00	12,000.00
Supplies Expense	150.00	150.00	150.00	150.00	150.00	150.00	900.00
Depreciation Expense	3,268.12	3,268.12	3,268.12	3,268.12	3,268.12	3,268.12	19,608.72
Insurance Expense	750.00	750.00	750.00	750.00	750.00	750.00	4,500.00
Miscellaneous Expense	100.00	100.00	100.00	100.00	100.00	100.00	600.00
Payroll Taxes Expense	8,957.70	8,957.70	8,957.70	8,957.70	8,957.70	8,957.70	53,746.20
Legal And Accounting	-	-	-	-	-	-	-
Utilities Expense	1,875.00	1,875.00	1,875.00	1,875.00	1,875.00	1,875.00	11,250.00
Bad Debts Expense	-	-	-	-	-	-	-
Interest Expense	1,331.18	1,322.85	1,314.45	1,305.96	1,297.38	1,288.72	7,860.54
Delivery Expense	-	-	-	-	-	-	-
Total Expenses	111,495.25	111,486.92	111,478.52	111,470.03	111,461.45	111,452.79	668,844.96
Net Income	15,115.71	41,874.04	9,782.44	25,840.93	31,199.51	25,858.17	149,670.80