Covid

June 16, 2020

This post was written by enAct eServices

PRE COVID $$$ WEEKLY MONTHLY
MAKING 40.00 PER HOUR
WORKING 8 HOURS A DAY
4 DAYS A WEEK 1280.00
4.3 WEEKS A MONTH 5504.00
TAX RATE 21% 4,348.16
POST COVID $$$ WEEKLY MONTHLY
MAKING 40.00 PER HOUR
WORKING 8 HOURS A DAY
WORKING 4 HOURS A DAY 1280.00
4 DAYS A WEEK 640.00
4.3 WEEKS A MONTH 2,752.00
TAX RATE 15% 2,339.20
POST COVID V2.0 WEEKLY MONTHLY
CERB 2,000.00
WORKING 4 HOURS A DAY
4 DAYS A WEEK
4.3 WEEKS A MONTH
WORK TO CERB MAX 1,000.00
TOTAL 3,000.00
TAX RATE 15% 2,550.00

PICK WHAT OPTION WORKS FOR YOU
4,348.16 2,339.20 2,550.00
100% 54% 59%
Percentage
Dentist Gross (including Lab) 76.00%
Hygiene Gross 30.00%
Less Cost of Sales – Lab -6.00%
Total Revenues 100.00%
Accounting / Bookkeeping 1.50%
Mandatory Lic.Fees 1.10%
Malpractice Ins Insurance-Business, Fire, Theft, etc 1.90%
Fixed Costs 4.50%
Depreciation-Plant & Equipment 3.00%
Equipment Rental 0.90%
Interest – Long Term Debt 0.40%
Janitorial / Cleaning / Laundry . / 0.10%
Recovered Exp./Share of Joint Exp 0.00%
Rent 7.60%
Repairs / Maintenance 1.10%
Utilities / Telecommunications 1.40%
Long-run Variable Costs 14.50%
Bad Debts 0.40%
Dental Supplies / Drugs 7.70%
Other (GST) 0.00%
Interest -Short Term, Bank Service Charges 1.60%
Office Supplies / Postage 2.30%
Salaries/Wages/Benefits-Staff 27.60%
Short-run Variable Costs 39.60%
Advertising / Business Promotion 1.80%
Automobile 0.70%
Consult./Practice Man./Legal/Computer Consult. 0.00%
Cont. Ed./Study Clubs/Conv./Travel 0.90%
Insurance-Life, Disability & Other 0.10%
Discretionary Costs 3.50%
Total Expenses 62.10%
NET INCOME from Operations 37.90%
Percentage Dollars
Dentist Gross (including Lab) 76.00% 114000
Hygiene Gross 30.00% 45000
Less Cost of Sales – Lab -6.00% -6840
Total Revenues 100.00% 150000
Accounting / Bookkeeping 1.50% 2250
Mandatory Lic.Fees 1.10% 1650
Malpractice Ins Insurance-Business, Fire, Theft, etc 1.90% 2850
Fixed Costs 4.50% 6750
Depreciation-Plant & Equipment 3.00% 4500
Equipment Rental 0.90% 1350
Interest – Long Term Debt 0.40% 600
Janitorial / Cleaning / Laundry . / 0.10% 150
Recovered Exp./Share of Joint Exp 0.00% 0
Rent 7.60% 11400
Repairs / Maintenance 1.10% 1650
Utilities / Telecommunications 1.40% 2100
Long-run Variable Costs 14.50% 21750
Bad Debts 0.40% 600
Dental Supplies / Drugs 7.70% 11550
Other (GST) 0.00% 0
Interest -Short Term, Bank Service Charges 1.60% 2400
Office Supplies / Postage 2.30% 3450
Salaries/Wages/Benefits-Staff 27.60% 41400
Short-run Variable Costs 39.60% 59400
Advertising / Business Promotion 1.80% 2700
Automobile 0.70% 1050
Consult./Practice Man./Legal/Computer Consult. 0.00% 0
Cont. Ed./Study Clubs/Conv./Travel 0.90% 1350
Insurance-Life, Disability & Other 0.10% 150
Discretionary Costs 3.50% 5250
Total Expenses 62.10% 93150
NET INCOME from Operations 37.90% 56850

REVENUE 150,000

EXPENSE 93,000

Percentage Dollars COVID
Dentist Gross (including Lab) 76.00% 114000 0
Hygiene Gross 30.00% 45000 0
Less Cost of Sales – Lab -6.00% -6840 0
Total Revenues 100.00% 150000 0
Accounting / Bookkeeping 1.50% 2250 0
Mandatory Lic.Fees 1.10% 1650 1650
Malpractice Ins Insurance-Business, Fire, Theft, etc 1.90% 2850 2850
Fixed Costs 4.50% 6750 4500
Depreciation-Plant & Equipment 3.00% 4500 0
Equipment Rental 0.90% 1350 1350
Interest – Long Term Debt 0.40% 600 600
Janitorial / Cleaning / Laundry . / 0.10% 150 0
Recovered Exp./Share of Joint Exp 0.00% 0 0
Rent 7.60% 11400 11400
Repairs / Maintenance 1.10% 1650 0
Utilities / Telecommunications 1.40% 2100 2100
Long-run Variable Costs 14.50% 21750 15450
Bad Debts 0.40% 600
Dental Supplies / Drugs 7.70% 11550 0
Other (GST) 0.00% 0 0
Interest -Short Term, Bank Service Charges 1.60% 2400 2400
Office Supplies / Postage 2.30% 3450 0
Salaries/Wages/Benefits-Staff 27.60% 41400
Short-run Variable Costs 39.60% 59400 2400
Advertising / Business Promotion 1.80% 2700 0
Automobile 0.70% 1050 1050
Consult./Practice Man./Legal/Computer Consult. 0.00% 0 0
Cont. Ed./Study Clubs/Conv./Travel 0.90% 1350 0
Insurance-Life, Disability & Other 0.10% 150 150
Discretionary Costs 3.50% 5250 1200
Total Expenses 62.10% 93150 23550
NET INCOME from Operations 37.90% 56850 0

REVENUE 0.00

EXPENSE 23,550.00

Revenue $0.00
Expenses as defined $23,550.00
Salary Exp Add Back $41,400.00
*CEWS (GOV 75%) $31,050.00
GROSS TOTAL $31,050.00 $64,950.00
NET TOTAL $33,900.00
3.5 MONTHS $118,650.00

* CEWS is a pay if forward scenario. The office pays initially and the government sends 4-6 weeks after

LOSS STATEMENT
EMPLOYEE DENTIST
PRE COVID $4,350.00 $57,000.00
CERB/EI/LOAN $2,000.00 $40,000.00 (30 TO BE REPAID)
GAIN/LOSS $2,350.00 $23,550.00
3.5 MONTH TOTAL $8,225.00 $42,425.00 (72,425.00)