--0000000000003d3fc805a99316fa Content-Type: multipart/alternative; boundary="0000000000003d3fc605a99316f8" --0000000000003d3fc605a99316f8 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Tim, Can you clarify the methodology your team uses for accruing revenue and expenses? I am referring to the answer you gave here to one of the questions: *Also remember, our year end was April 30th so April and May were impacted by year end accruals. *For revenue, are you showing the billed revenue for shifts in the month? For expenses, perhaps you can explain the presentation methodology in a little more detail for me? Also, can you clarify the monthly payroll expense paid for Jan, Feb, Mar, Apr, and May for the roles you previously listed? See attached for a template. I'm trying to maximize your offer where we have an opportunity to do so. Secondly, can you confirm that the $85k monthly payroll projection includes all four family salaries but no bonuses? Thank you, we appreciate your patience with this. Best, Lucas On Thu, Jun 18, 2020 at 2:24 PM Tim Thomas wrote: > Hi Lucas, > > Attached are two P&L=E2=80=99s. The first is our latest fiscal which end= ed on > April 30th. The second is based on the current calendar year (Jan 1 to > June 19th, 2020). FYI, some June expenses have not been inputted yet. > > Other than =E2=80=9Cfamily=E2=80=9D compensation, there are no other sign= ificant add > backs. Current salaries are: > > Tim Thomas: $156,000 > Susan Thomas (spouse): $52,000 inactive > *Juliana Thomas (daughter-Admin. Asst) $30,000 part time* > *Timothy Thomas (son) $130,000* > ...plus bonuses paid to owners in FY19-20 *$400,000* > *Total: $768,000* > *Tim Thomas* > > > > > > *Home Care Assistance (Montr=C3=A9al)* > *4464 Ste. Catherine Ouest* > *Westmount, Qu**=C3=A9**bec* > *H3Z 1R7* > *Tel: 514 907 5065* > *Fax: 514 221 4265* > > *tthomas@homecareassistance.com * > > *www.homecareassistancemontreal.ca > * > *www.facebook.com/hcamontreal * > *www.twitter.com/hcamontreal * > > > > > > On Jun 17, 2020, at 11:51 AM, Lucas Motro > wrote: > > Tim, Timothy, adding a quick note that in my haste I may have forgotten t= o > mention - > > On the P&L, please present monthly and in much granularity as is availabl= e. > > Thanks, look forward to reviewing. > > Best, > Lucas > > On Mon, Jun 15, 2020 at 11:51 AM Lucas Motro lmotro@homecareassistance.com> wrote: > >> Excellent, confirmed. >> >> On Mon, Jun 15, 2020 at 9:27 AM Tim Thomas > tthomas@homecareassistance.com> wrote: >> >>> Hi Lucas, >>> >>> Wednesday at 11 a.m. would work for us. >>> >>> Speak to you then. >>> >>> *Tim Thomas* >>> >>> >>> >>> >>> >>> >>> *Home Care Assistance (Montr=C3=A9al)* >>> *4464 Ste. Catherine Ouest* >>> *Westmount, Qu**=C3=A9**bec* >>> *H3Z 1R7* >>> *Tel: 514 907 5065* >>> *Fax: 514 221 4265* >>> >>> *tthomas@homecareassistance.com * >>> >>> *www.homecareassistancemontreal.ca >>> * >>> *www.facebook.com/hcamontreal * >>> *www.twitter.com/hcamontreal