Fingame results for: Wehrley
of group: Fall
2006
Decision Inputs for Quarter Number 4
Pro forma sheet
Units demanded
113000
S-T investment rate
1.30%
Capital gains rate
40.00%
Short-term loan rate
2.75%
Two-year loan rate
3.11%
Three-year loan rate
3.59%
Long-term loan rate
5.00%
Preferred stock yield
0.00%
Units to be produced
100000
Div. per common share
$0.13
Demand/price forecast
Short-term investment
Machine units bought
Per unit price
$104.00
Advertising cost
$0
$0
Sales discount
0%
$0
Risk of S-T investment
0
Units of plant bought
0
10000
Project A
no
Project B
Short-term loan
$0
Preferred shares
Two-year loans
$0
Common shares
500000
Three-year loans
$0
Common tender price
$18.00
Ten-year bonds
$9000000
Strike settlement(per
hr.)
Dollar penalty
no
0
$0.00
$0
Pro Forma Income Statement or P&L (not Performance Report)
Quarter Number 4
Sales Revenue (100000 units at
$104.00) aka Sales or Revenue
$10400000
Income from Securities
81447 $10481448
Cost of Goods Sold:
Beginning Inventory (0 at $0.00)
Materials
$0
$1738000
Direct Labor
3588600
Total Direct Costs
Warehousing Costs
Depreciation: Mach. and Equip.
Plant
Other Overhead Costs
Total Indirect Costs
$5326600
$0
644375
1300000
200000
2144375
Production Costs (100000 at
$74.71)
Goods Available for Sale($74.71
per unit)
7470975
7470975
Less: Ending Inventory (0 units)
0
Cost of Goods Sold
7470975
Gross Profit
$3010472
Selling and Administrative Expenses
SG&A Operating Expenses
$1520000
Financial Expenses:
Short Term Bank Interest
Penalty Loan Interest
Intermediate Term Loan Interest
Bond Interest
Bond Redemption Costs (do not
include this as part of interest
expense)
Total Financial Charges aka
Interest Expense
Operating Income Before
Extraordinary Items (This is NOT
operating income)
$0
0
48578
714086
720000
1482664
3002664
$7808
Extraordinary Items
Income Before Taxes aka Earnings
Before Taxes
Income Tax (rate is 40%)
Income After Taxes aka Net Income,
Net Profit, Net Earnings
Preferred Stock Dividend we
will not use preferred stock in
this class
Earnings to Common Stockholders
Common Stock Dividends ($0.13 per
share)
Net Income Transferred to Retained
Earnings
0
$7808
3123
$4685
0
$4685
192375
$187690
Pro Forma Balance Sheet
Quarter Number 4
ASSETS
Current Assets
Cash
$320207
Marketable Securities
Accounts Receivable
276095
6968000
Inventory(0 units at $74.71/UNIT)
0
Total Current Assets
$7564302
Fixed Assets (net of depreciation) aka
Property, Plant, and Equipment
Machinery and Equipment
Plant
$2987500
24635250
Total Fixed Assets
27622750
Total Assets
$35187052
LIABILITIES AND OWNER EQUITY
Current Liabilities
Accounts Payable
$552660
Short Term Loans Payable
0
Short Term Penalty Loan
0
Intermediate Term Debt Maturing
Bonds Maturing
1250000
$3380800
Total Current Liabilities
$5183460
Long Term Liabilities
Intermediate Loans: 2 years
$0
3 years
0
Bonds
9836800
Total Long Term Liabilities
9836800
Total Liabilities
$15020260
Owners' equity
Preferred Stock (0 shares)
Common Stock (1479814 shares)
$0
16550892
Retained Earnings
Total Equity
3615900
20166792
Total Liabilities and Equity
$35187052
Summary Data
Quarter 4
INFORMATION FOR FUTURE QUARTERS:
5
Units of plant capacity
Units of machine capacity
6
7
140000 110000 110000
110000 110000
55000
Other overhead
$200000 $200000 $200000
Depreciation: Machinery
8
85000
55000
$20000
0
633750 633750 345000
Projects
0
Plant
345000
0
0
0
2057500 1736000 1736000
138225
0
Principal repayment on debt:
Short-term
0
2-year
0
0
312500 312500 312500 312500
3-year
0
Bonds
0
0
0
845200 845200 845200 845200
Warehouse fees:
Units
First
2000
Next
5000
Over
7000
Cost/Unit
$1.00
$3.00
$8.00
Production costs per unit next quarter:
Materials
Units
Labor cost
$17.38
Machinery
$39.00
First 60,000 Next 40,000 Next 20,000
$39.99
$29.73
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$25.63
Plant
$268.00
Over 120,000
$33.84