finnews q8

7/27/2019 Finnews Q8

1/45

Results for company name: FIN-NEWS

Materials

Special Options

Cost of Goods Sold:

Beginning Inventory: ( 0 at $0.00 )

$1,653,750

$0.00

Income from securities

Quarterly Performance Report

Quarter Number 7

yes

Sales revenue ( 102,288 units at $101.65 )

Strike settlement (per hr.)

Ten-year bonds $0

Three-year loans $0

$0.05

Two-year loans $0

Machine units bought

Financing Decisions

0

$0Short-term loans

Project A

Decision Inputs for Quarter Number 7

Company Operating Decisions

Units to be produced 105,000

Investment Decisions

Short-term investment

Demand/price forecast $0

-$3,700,000

Div. per common share


2/45

Intermediate Term Loan Interest 0

0Bond Redemption Costs

238,205Bond Interest

Operating Income Before Extraordinary Items

Extraordinary Items

Income Before Taxes

Total Financial Charges

Penalty Loan Interest

$0

Selling and administrative expenses

Short Term Bank Interest

0

Financial Expenses:

Less: Ending Inventory ( 2,712 units )

Cost of Goods Sold

Gross Profit

845,687

Plant

Depreciation: Mach. and Equip.

1,777,750

2,838,889

Production Costs ( 105,000 at $79.78 )

Other Overhead Costs 211,317

Goods Available for Sale ( $79.78 per unit )

Total Indirect Costs

Warehousing Costs $4,136

Total Direct Costs $5,538,150

Direct Labor 3,884,400


3/45

Cost of Common Stock Tender Offer [FIXME:CHECK

$574,947

ASSETS

0

Machinery and Equipment $5,218,087

Plant 20,312,500

6,966,376

Fixed Assets (net of depreciation

Accounts Receivable

Total Assets

25,530,587

LIABILITIES AND OWNER EQUITY

Current Liabilities

Total Fixed Assets

Accounts Payable

$12,286,263

$37,816,850

Common Stock Dividends ( $0.05 per share )

Total Current Assets

Position Statement

Earnings to Common Stockholders

Marketable Securities

Inventory ( 2,712 units at $79.78/UNIT ) 216,367

Current Assets

Cash $5,103,523

Net Income Transferred to Retained Earnings

Preferred Stock Dividind

Income After Taxes

Quarter Number 7


4/45

$2,174,947

$10,424,946

Total Liabilities and Equity $37,816,850

Total Long Term Liabilities 8,250,000

Total Liabilities

Owners' Equity

8,250,000

03 years

Common share price $53.39 Accumulated Wealth

Price earnings ratio 59.07 Marketable Security Yield

Dividend YieldQuarterly EPS $0.23

9,219,853

Common Stock ( 1,279,848 shares )

$0

Summary Data

27,391,906

HISTORICAL INFORMATION

Total Equity

Retained Earnings

18,172,050

Quarter Number 7

Preferred Stock ( 0 shares )

Bonds

Total Current Liabilities

Intermediate Loans: 2 years $0

Long Term Liabilities

0

Bonds Maturing 1,600,000

0

Short Term Loans Payable 0

Intermediate Term Debt Maturing

Short Term Penalty Loan


5/45

3.11% 2.50%

INFORMATION FOR FUTURE QUARTERS:

Plant 1,424,000 1,424,000

599,000

Projects

Units of plant capacity 100,000 100,000

Other overhead 211,317 211,317

224,187 224,187

Bonds

Principal repayment on debt:

550,000 550,000

Short-term 0 0

0 0

3-year

2-year 0 0

100,000Units of machine capacity 105,000

Depreciation: Machinery 621,500

Units forecast 123,991

8 9

$107.89 $96.70

99,362

Price per unit forecast

8.00% Bond call premiumCall premium: preferred

2-year loan 3-year loanhort-term

Common tender or sell/sh $59.94 Unpaid preferred dividend/share

Outstanding debt yields:

1.82%

Return on equity

Actual unit demand

Preferred dividend yield

Return on investment 4.05%

Actual unit price $101.65

Preferred stock price $45.84


6/45

B 3-yr $627,432

Rates on funding in quarter 8

2.07% 2.13% 2.21%

Interest due next quarter:

Bonds $225,608

A 2-yr

Production costs per unit next quarter:

Labor cost $41.45 $31.45

Units First 60,000 Next 40,000

Materials $15.75

Intermediate

Capital budgeting projects for next quarter:

$0

Short-term 2-year loan

Short-term $0

3-year loan

Machinery

First 2000

$401,520

Life Cost

$1.00Cost/Unit

Units


7/45

$0

$0

0 $10,397,575

0

Common shar

$10,397,575

Dollar penalty

Common tend

Per unit price

$53

-152

Preferred shar

Project B

Units of plant b

yes

0

Risk of S-T inv 0

Sales discount 0.00%

$101.65

$0Advertising co


8/45

$478,818

1,758,083

0

$478,818

238,205

$1,519,879

$2,236,902

8,160,672

216,367

8,377,040

$8,377,039


9/45

93,848 93,848

$289,207

63,992

$383,055

0

$225,215

,


10/45

$53.61

0.37%

0.93%


11/45

2.29% 8.00%

1,424,000 1,110,250

100,000

211,317 211,317

224,187

0

250,000 250,000

0

0

0 0

224,187

100,000 100,000

599,000 599,000

75,000

109,747

$102.17 $103.55

98,358

10 11

8.00%

Bonds Penalty loan

$0.00

2.18%

4.22%

102,288


12/45

120,000 -$8,040 $1.04 -$0.01

2.51% 3.16%

$0.50 $0.00

verhead Savin Unit Labor sav., Qtr.8 Change/Qtr. Labor Sav.

$11,906

$8.00

$286.00

$28.33 $39.00

Plant

Next 20,000 Over 120,000

PreferredBond

$41.00

Next 5000

100,000

Unit Capacity

$3.00

Over 7000


13/45

Units to be produced 105,000 Per unit price

Div. per common share $0.05 Advertising cost

Demand/price forecast $0 Sales discount

Short-term investment -$3,700,000 Risk of S-T investment

Machine units bought 0 Units of plant bought

Project A yes Project B

Short-term loans $0 Preferred shares

Two-year loans $0 Common shares

Three-year loans $0 Common tender price

Ten-year bonds $0

Strike settlement (per hr.) $0.00 Dollar penalty

Special Options

Decision Inputs for Quarter Number 7



Financing Decisions


14/45

$101.65

$0

0%

0

0

yes

-$

(152)$

$53

$0


15/45

Sales revenue ( 102,288 units at $101.65 ) $10,397,575

Income from securities #VALUE!

Cost of Goods Sold:Beginning Inventory: ( 0 at $0.00 ) $0

Materials $1,653,750

Direct Labor 3,884,400$

Total Direct Costs #VALUE!

Warehousing Costs $4,136

Depreciation: Mach. and Equip. 845,687$

Plant 1,777,750$

Other Overhead Costs 211,317$

Total Indirect Costs 2,834,754$

Production Costs ( 105,000 at $79.78 ) #VALUE!

Goods Available for Sale ( $79.78 per unit ) #VALUE!

Less: Ending Inventory ( 2,712 units ) 216,367$

Cost of Goods Sold

Gross Profit


Operating Income Before Interest and Taxes (EBIT)

Financial Expenses:

Short Term Bank Interest $0

Penalty Loan Interest -$

Intermediate Term Loan Interest -$

Bond Interest 238,205$Bond Redemption Costs -$



Extraordinary Items

Income Before Taxes

Income Tax (rate is 20%)

Income After Taxes

Preferred Stock Dividind

Cost of Common Stock Tender Offer [FIXME:CHECK PLACEMENT]


Common Stock Dividends ( $0.05 per share )

Quarter Number 7

ASSETS

Quarterly Performance Report

Quarter Number 7


Position Statement


16/45

Current Assets -$

Cash $5,103,523

Marketable Securities -$

Accounts Receivable 6,966,376$

Inventory ( 2,712 units at $79.78 /UNIT ) 6,966,376$

Total Current Assets

Fixed Assets (net of depreciation -$Machinery and Equipment $5,218,087

Plant #VALUE!

Total Fixed Assets #VALUE!

Total Assets


Current Liabilities -$

Accounts Payable $574,947

Short Term Loans Payable -$

Short Term Penalty Loan -$

Intermediate Term Debt Maturing -$

Bonds Maturing -$

Total Current Liabilities

Long Term Liabilities -$

Intermediate Loans: 2 years $0

3 years -$

Bonds -$

Total Long Term Liabilities -$

Total Liabilities

Owners' Equity -$

Preferred Stock ( 0 shares ) $0

Common Stock ( 1,279,848 shares ) 18,172,050$

Retained Earnings 18,172,050$

Total Equity 18,172,050$


17/45

#VALUE!

8,160,672$

#VALUE!

$1,519,879

#VALUE!

238,205$

#VALUE!

-$

#VALUE!

#VALUE!

#VALUE!

-$

#VALUE!

$289,207

#VALUE!


18/45

Quarter Number 7

HISTORICAL INFORMATION -$

Common share price $53.39Quarterly EPS $0.23

Price earnings ratio 59.07$

Actual unit price $101.65

Preferred stock price $45.84

Return on investment 4.050%

Call premium: preferred 0.08$

Common tender or sell/sh

Outstanding debt yields: 0 0

Short-term 2-year loan 3-year loan

0 0

0 8 9

Units forecast 123,991.00$ 99,362.00$

Price per unit forecast $107.89 $96.70

Units of plant capacity 100,000 100,000

Units of machine capacity 105,000$ 100,000$

Other overhead 211,317$ 211,317$

Depreciation: Machinery 621,500$ 599,000$

Projects 224,187$ 224,187$Plant

Principal repayment on debt: -$ -$

Short-term -$ -$

2-year -$ -$

3-year -$ -$

Bonds

Warehouse fees: 0

Units First 2000

Cost/Unit

Production costs per unit next quarter: -$ 0Materials $15.75 Machinery

Units First 60,000 Next 40,000

Labor cost

Rates on funding in quarter 8 0 0

Short-term 2-year loan 3-year loan

0.02072

Interest due next quarter: -$

Short-term $0

0

Summary Data

0.01818


19/45

Intermediate $0

Bonds

0 0

0 Life Cost

A 2-yr $401,520

0 to 60,000

60,000 to 100,000

100,000 to 120,000

120,000 and up

0 to 2,000

2000 to 7,000

7,000 and up

Inventory Levels

Range of Production


20/45

0 -$

Accumulated Wealth $53.61Dividend Yield 0.370%

Marketable Security Yield 0.00933

Actual unit demand 10228800.000%

Preferred dividend yield 2.180%

Return on equity 4.220%

Bond call premium $0.08

0 0

Bonds Penalty loan

0 0

10 11

98,358.00$ 109,747.00$

$102.17 $103.55

100,000 75,000

100,000$ 100,000$

211,317$ 211,317$

599,000$ 599,000$

224,187$ 224,187$

-$ -$

-$ -$

-$ -$

-$ -$

0 0

Next 5000 Over 7000

-$ 0 Rs. 0.00$41.00 Plant

Next 20,000 Over 120,000

0 0

Bond Preferred


21/45

0 0 0 0

Unit Capacity Overhead Saving Unit Labor sav., Qtr.8 Change/Qtr. Labor Sav.

100,000 $11,906 $0.50 $0.00

Marginal Cost/Unit Direct Labor Cost

First 60,000 #VALUE!

Next 40,000 #VALUE!

Next 20,000 #VALUE!

Over 120,000 #VALUE!

Marginal Cost/Unit Warehouse Cost

First 2000 #VALUE!

Next 5000 #VALUE!

Over 7000 #VALUE!

arehousing Cost Table

Direct Labor Cost Table


22/45

0 0 0 0

Beg. Inv 16,228 121,220 221,210 311,200

Production 105,000 100,000 90,000 90,000

Est. Sales 8 9 10 11

Ending Inv 121,220 221,210 311,200 401,189

Over Prod Limit Over Prod Limit Over Prod Limit Over Prod Limit

Plant

Existing $107.89 $96.70 $102.17 $103.55

1st Addition - -

2nd Addition -

Total - - - -

Machines

Existing 100,000 100,000 100,000 75,000

1st Addition - 20,000 20,000

2nd Addition - -

3rd Addition -

Total 100,000 100,000 120,000 95,000

Plant

Units - -

Cost -$ -$ -$ -$

MachineryUnits - - -

Cost -$ -$ -$ -$

Total Cost -$ -$ -$ -$

4 Quarter 11 11

3 Quarter 10 10

2 Quarter 9 9

1 Quarter 8Exp. Sales 8 9 10 11

4 Quarter 109,747.00$ 109,747.00$

3 Quarter 98,358.00$ 98,358.00$

2 Quarter 99,362.00$ 99,362.00$

1 Quarter 123,991.00$

Unit Price Forecasts

Production Plan for next 4 Quarters

Production Capacities

Purchases

Unit Sales Forecasts


23/45

Exp. Sales 116,602.30 99060.80 101774.70 109,747.00

Common Stock:

Current Stock Price: -$ Per Share Reciepts -$

# of Shares Outstanding: 1,200,000Total Cash Inflow FromStock Issue: -$

Current Common Stock

Cash Value $0

Total Shares

Outstanding After

Issue Decision: 1,200,000

# of Shares Offered: -

Total Cash Value of

Stock After Issue

Decision: #VALUE!

Issuing Stock


24/45

Assumptions for next quarter (Not part of the decision set)

Next Quarter 0

Units Sold (assumed) 8

Price per unit (assumed) 100.00$

Return of marketable securities 1.33%

Units to be produced 105,000 Per unit price

Div. per common share -$ Advertising cost

Demand/price forecast N/A Sales discount

Short-term investment -$ Risk of S-T investment

Machine units bought - Units of plant bought

Project A 0 Project B

Short-term loans -$ Preferred shares

Two-year loans -$ Common shares

Three-year loans Common tender price

Ten-year bonds

Strike settlement (per hr.) N/A Dollar penalty

Special Options

Quarter Number

Proforma Decisions for next quarter



Financing Decisions


25/45

$100.00

N/A

0%

0

-

0

-$

-$

-$

N/A


26/45

Life of Proj Cost

Proj A Life Cost

Proj B 2-yr $401,520

Proj A Quarter 1 2 3 4

Sales -$ -$ -$ -$minus Var Cost #VALUE! #VALUE! #VALUE! #VALUE!

minus Fix Cost #VALUE! #VALUE! #VALUE! #VALUE!

minus Depreciation #VALUE! #VALUE! #VALUE! #VALUE!

= Net Oper. Income #VALUE! #VALUE! #VALUE! #VALUE!

minus Taxes #VALUE! #VALUE! #VALUE! #VALUE!

= Net Income #VALUE! #VALUE! #VALUE! #VALUE!

plus Depreciation #VALUE! #VALUE! #VALUE! #VALUE!

= ATCF #VALUE! #VALUE! #VALUE! #VALUE!

Proj B Quarter 1 2 3 4

Sales -$ -$ -$ -$

minus Var Cost #VALUE! #VALUE! #VALUE! #VALUE!

minus Fix Cost #VALUE! #VALUE! #VALUE! #VALUE!

minus Depreciation #VALUE! #VALUE! #VALUE! #VALUE!

= Net Oper. Income #VALUE! #VALUE! #VALUE! #VALUE!

minus Taxes #VALUE! #VALUE! #VALUE! #VALUE!

= Net Income #VALUE! #VALUE! #VALUE! #VALUE!

plus Depreciation #VALUE! #VALUE! #VALUE! #VALUE!

= ATCF #VALUE! #VALUE! #VALUE! #VALUE!

Quarter Project A Project B0 #VALUE! #VALUE! Project A #VALUE!

1 #VALUE! #VALUE! Prroject B #VALUE!

2 #VALUE! #VALUE!

3 #VALUE! #VALUE!

4 #VALUE! #VALUE!

5 #VALUE! #VALUE!

6 #VALUE! #VALUE!

7 #VALUE! #VALUE!

8 #VALUE! #VALUE!

9 #VALUE!

10 #VALUE!

11 #VALUE!

12 #VALUE!

NPV #VALUE! #VALUE!

IRR #VALUE! #VALUE!

NPV Analysis

Project Recommendation


27/45

5 6 7 8

-$ -$ -$ -$#VALUE! #VALUE! #VALUE! #VALUE!

#VALUE! #VALUE! #VALUE! #VALUE!







5 6 7 8 9 10

-$ -$ -$ -$ -$ -$

#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!









28/45

11 12

-$ -$

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE! #VALUE!


29/45

Quarter Number: 0

Sales revenue 8 $100.00 830$

Income from securities #VALUE!

Cost of Goods Sold:Beginning Inventory: (units @ $ per unit) 16,228 429.28$ 6,966,376$

Materials -$

Direct Labor #VALUE!

Total Direct Costs #VALUE!

Warehousing Costs #VALUE!

Depreciation: Mach. and Equip. 832,817$

Plant 224,187$

Other Overhead Costs 105,000$

Total Indirect Costs #VALUE!

Production Costs (units @ $ per unit) 105,000 #VALUE! #VALUE!

Goods Available for Sale (units @ $ per unit) 121,228 #VALUE! #VALUE!

Less: Ending Inventory 121,220 #VALUE!

Cost of Goods Sold

Gross Profit


Earnings before intrest and taxes (EBIT)

Financial Expenses:

Short Term Bank Interest #VALUE!

Penalty Loan Interest 476,303$

Intermediate Term Loan Interest #VALUE!

Bond Interest #VALUE!Bond Redemption Costs -$



Extraordinary Items

Income Before Taxes

Income Tax

Income After Taxes

Preferred Stock Dividends


Common Stock Dividends 1,200,000 shares outstanding


Quarter Number: 0

ASSETS

Current Assets

Proforma Quarterly Performance Report

Position Statement


30/45

Cash #VALUE!

Marketable Securities #VALUE!

Accounts Receivable 556$

Inventory #VALUE!

Total Current Assets #VALUE!

Fixed Assets (net of depreciation)

Machinery and Equipment (832,817)$Plant #VALUE!

Total Fixed Assets #VALUE!

Total Assets #VALUE!


Current Liabilities

Accounts Payable #VALUE!

Short Term Loans Payable -$

Short Term Penalty Loan -$

Intermediate Term Debt Maturing 1,200,000$

Bonds Maturing -$

Total Current Liabilities #VALUE!

Long Term Liabilities

Intermediate Loans: 2 years -$

3 years -$

Bonds -$

Total Long Term Liabilities -$

Total Liabilities #VALUE!

Owners' Equity

Preferred Stock ( 0 shares ) -$

Common Stock ( 1,000,000 shares ) #VALUE!

Retained Earnings #VALUE!

Total Equity #VALUE!

Total Liabilities and Equity #VALUE!


31/45

#VALUE!

#VALUE!

#VALUE!

1,000,042$

#VALUE!

penalty loan problem

#VALUE!

#VALUE!

-$

#VALUE!

#VALUE!

#VALUE!

-$

#VALUE!

-$

#VALUE!


32/45

cash problem

short term penalty loan problem 6351455

476,303$

debt schedule prob #VALUE!


33/45

Cash Inflows Cash sales (33% of Sales) 274$

Accounts Receivable collected -$

Income from Marketable Securities #VALUE!

Extraordinary Gain -$

Sales of Marketable Securities -$

Issuance of:

Short-Term Loans -$

Penalty Loans -$

Two-Year Loans -$

Three-Year Loans -$

Long-Term Debt -$

Preferred Stock TBA

Common Stock -$

Total Inflows #VALUE!

Net Flow (total inflows total outflows) #VALUE!

Beginning Cash Balance -$

Ending Cash Balance #VALUE!

Proforma CashQuarter Num


34/45

Cash Outflows Production Cash Flows

Materials (90% cash) -$

Direct Labor (90% cash) #VALUE!

Warehousing Fees #VALUE!

Other Overhead Charges (90% cash) 94,500$

Accounts Payable Payments -$

Financial Expenses:

Short-Term Loan Interest:

Bank #VALUE!

Shark Loan Inc. -$

Intermediate-Term Loan Interest #VALUE!

Bond Interest #VALUE!

Bond Redemption Costs -$

Selling and Administrative Expenses 1,000,042$Machinery Purchased -$

Capital Budgeting Projects Purchased TBA

Plant Additions Purchased -$

Extraordinary Loss -$

Income Tax #VALUE!

Preferred Stock Dividends -$

Common Stock Dividends -$

Purchase of Marketable Securities -$

Payments and Retirement of:

Short-Term Loans -$

Penalty Loans -$

Two-Year Loans -$

Three-Year Loans 300,000$

Debentures -$

Preferred Stock TBA

Common Stock -$

Total Outflows #VALUE!

udgeter


35/45

Principle Maturity Date

Next Quarterley

Repayment Current Portion

Short-term Debt

-$

Total -$ -$

2yr Debt

-$ 9 -$ -$

Total -$ -$

3yr Debt

-$ 13 -$ -$600,000$ 4 300,000$ 1,200,000$

-$ 18 -$ -$

Total 300,000$ 1,200,000$

10yr Debt

-$ 0 -$ -$

42 -$ -$

-$ 10 - -$

Total -$ -$

New Debt

Short-term -$ 3 -$ -$

2yr -$ 7 -$ -$

3yr -$ 11 -$ -$

10yr -$ 39 -$ -$

Debt Retirement

Short-term -$ -$ -$

2yr -$ -$ -$

3yr -$ -$ -$

10yr -$ -$ -$

Repayment Totals Proforma Totals

Short-term -$ -$ -$

2yr -$ -$ -$

3yr 1,500,000$ 300,000$ 1,200,000$

10yr -$ -$ -$

Details of Debt at beginning of

Quarter Number

Change in Debt for Next Quarter


36/45

Iterest on New Debt

Debt offering premium 0.00%

Short-term #VALUE!

2yr #VALUE!

3yr #VALUE!

10yr -$


37/45

Long-term

portion

-$

-$

-$

-$-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$

-$


38/45


39/45

-Qtr 1 -Proforma Qtr 1

Current Ratio #DIV/0! #VALUE!

Quick Ratio #DIV/0! #VALUE!

Inventory Turnover 4.69 Times #VALUE!

Days Sales in Inventory 76.83 days #VALUE!

Account Receivable Turnover #VALUE! #VALUE!

Average Collection Period #VALUE! #VALUE!

Fixed Asset Turnover #VALUE! #VALUE!

Total Asset Turnover #VALUE! #VALUE!

Total Debt Ratio #VALUE! #VALUE!

Long-Term Debt Ratio #VALUE! #VALUE!

LTD to Total Capitalization #VALUE! #VALUE!

Debt to Equity 0.00 Times #VALUE!

LTD to Equity #VALUE! #VALUE!

Times Interest Earned #VALUE! #VALUE!

Cash Coverage Ratio #VALUE! #VALUE!

Gross Profit Margin #VALUE! #VALUE!

Operating Profit Margin #VALUE! #VALUE!

Net Profit Margin #VALUE! #VALUE!

Return on Total Assets #VALUE! #VALUE!

Return on Equity #VALUE! #VALUE!

Return on Common Equity #VALUE! #VALUE!

Net Profit Margin #VALUE! #VALUE!

x Total Asset Turnover #VALUE! #VALUE!

x Equity Multiplier 1.00 Times #VALUE!ROE #VALUE! #VALUE!

Factors Weights

NWC/Total Assets #VALUE! 1.2

Retained Earnings/ Total Assets #VALUE! 1.4

EBIT/Total Assets #VALUE! 3.3

Du Pont Analysis of ROE

Altman Z score

Ratio Analysis

Liquidity Ratios

Efficiency Ratios

Leverage Ratios

Converage Ratios

Profitablility Ratios


40/45

Market Value Equity/BV Debt #DIV/0! 0.6

Sales/ Total Assets #VALUE! 1

Z-Score #VALUE!


41/45


42/45

#VALUE!


43/45

100 97383

101.65 102285

98.68 93506

107.59 119774

105.6 113654

100.66 99173

101.65 102288109.57 125362

125 68320

-0.00027

price quantity

100.28 125000


44/45

0.013673 -0.04348

0

20

40

60

80

100

120

140

0 20000 40000 60000


45/45

y = -0.0002x + 125.28

80000 100000 120000 140000

Series2

Linear (Series2)

finnews q8

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