| Template: Sales and Profit Budgets: | |||||
| PROFIT BUDGET | 2020/21 | Qtr. 1 | Qtr. 2 | Qtr. 3 | Qtr. 4 |
| Revenue | |||||
| Sales |
18,000,000 |
3,960,000 |
5,400,000 |
3,780,000 |
4,860,000 |
| – Cost of goods sold |
6,100,000 |
|
|
|
|
| Gross Profit |
12,000,000 |
||||
| Expenses | |||||
| – Interest Expense |
82,000 |
||||
| – Depreciation expenses |
160,000 |
||||
| – Insurance expenses |
24,000 |
6,000 |
6,000 |
6,000 |
6,000 |
| – Supplies |
4,300 |
||||
| – Advertising |
12,00 |
||||
| – Cleaning, Repairs & Maintenance |
34,608 |
||||
| – Cleaning and maintenance labour charge |
51,912 |
||||
| – Rent |
3,025,000 |
||||
| – Website marketing expenses |
17,600 |
||||
| – Electricity Expense |
35,200 |
||||
| – Fringe Benefits Tax |
39,900 |
||||
| – Wages & Salaries |
2,640,000 |
||||
| – Superannuation |
250,800 |
||||
| – Workers’ Compensation |
48,960 |
||||
| Total Expenses |
6,426,280 |
||||
| Net Profit (Before Tax) |
5,573,720 |
||||
| Income Tax |
1,672,116 |
||||
| Net Profit |
3,901,604 |
||||