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Kasatchie Entertainment Case Study

925 Words4 Pages

While operating as limited liability partnership following all tax laws set forth by the state of Louisiana and the IRS, Kasatchie Entertainment, LLP will utilize an accrual accounting system. With each executive director’s background in accounting, the owners believe that this accounting method will show the growth and performance of all business ventures. By utilizing this accounting system Kasatchie Entertainment, LLP will have a more immediate reflection of how much money is coming in and what we can expect to see in future expense reports. This method will also allow the operations advisory board to find financial trends and compute current cash flow statements on a regular basis, keeping everything as up-to-date as possible. Upon the first year of …show more content…

Special Ticket Sales $348,140.00 $355,102.80 $386,128.49 Concessions $591,396.00 $615,288.40 $655,928.20 Advertisements $35,000.00 $35,000.00 $35,000.00 Digital Media/Rentals $250,000.00 $250,000.00 $250,000.00 Capital Investment $600,000.00 - - Net Profit Investment - $249,359.75 $255,049.63 Total Income $2,063,594.00 $1,756,932.95 $1,837,429.29 EXPENSES Product/Service Year 1 Year 3 Year 5______ Accounting/Legal $3,500.00 $3,500.00 $3,500.00 Marketing $5,000.00 $6,800.00 $7,850.00 Dues $500.00 $500.00 $500.00 Insurance $3,600.00 $3,600.00 $3,600.00 Maintenance $6,500 $6,500.00 $6,500.00 Office Supplies $850.00 $850.00 $850.00 Postage $250.00 $250.00 $250.00 Site Developments $130,000.00 $10,500.00 $15,000.00 Employee Expenses $477,912.41 $477,912.41 $477,912.41 Board Compensation $36,000.00 $36,000.00 $36,000.00 Taxes/Licenses $450.00 $450.00 $450.00 Telephone & Internet $950.00 $950.00 $950.00 Concessions $75,000.00 $75,000.00 $75,000.00 Utilities $4,900.00 $4,900.00 $4,900.00 Other $75,000.00 $0 $0___________ Total Expense $820,412.41 $627,712.41 $633,262.41 Net Profit $820,499.85 $745,285.56

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