Third Year Budget* — 1979 



Expenses 



SBA $ 3,645.31 



Local Bank Payment 1,445.16 



Insurance (without truck) 1,056.00 



Taxes 550.00 



Labor @ $5.00/hr. @ 13,543 hrs . 67,715.00 



Managers Salary 12,000.00 



Utilities (heat and light) 660.00 



Fish Costs (312,500#'s @ 75(?/#) 234,375.00 



Packaging Costs 12,500.00 



FICA & Unemployment (5.85% ft 3.1% resp. on $67,715 5,853.63 

 wages and Managers salary) 



Phone 660.00 



Interest on Operating Capital (50,000 @ 10%) 5,000.00 



Truck Payment 2,549.76 



Truck Insurance 1,100.00 



Shipping Costs (12(?/#) 30,000.00 



Broker Costs (10<?/#) 25,000.00 



Truck Operation 550.00 



Freezer Purchase 4 , 000 . 00 



Secretary & Bookkeeping 5,000.00 



Miscellaneous 1,200.00 



$ 414,869.86 



Revenue 



250,000#'s Boned/Frozen Fish @ $1.85/# $ 462,500.00 



Net Income 47,640.14 



Less Depreciation 6,100.00 



^ 41,540.14 



Less Taxes (income) $ 16,243.23 



NET PROFIT $ 25,296.91 

 * Note: Variable expenses increased by 10% g 



