Finnews Q4

7/27/2019 Finnews Q4

1/48

Results for company name: FIN-NEWS

Materials

Special Options

Cost of Goods Sold:

Beginning Inventory: ( 8,425 at 70.14 )

1,500,000

0

Income from securities

Quarterly Performance Report

Quarter Number 3

no

Sales revenue ( 92,287 units at 100.00 )

Strike settlement (per hr.)

Ten-year bonds 0

Three-year loans 0

0

Two-year loans 0

Machine units bought

Financing Decisions

40,000

0Short-term loans

Project A

Decision Inputs for Quarter Number 3

Company Operating Decisions

Units to be produced 100,000

Investment Decisions

Short-term investment

Demand/price forecast 0

0

Div. per common share


2/48

Intermediate Term Loan Interest 65,811

0Bond Redemption Costs

29,400Bond 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 ( 16,138 units )

Cost of Goods Sold

Gross Profit

478,125

Plant

Depreciation: Mach. and Equip.

1,300,000

2,068,229

Production Costs ( 100,000 at 70.68 )

Other Overhead Costs 200,000

Goods Available for Sale ( 70.64 per unit )

Total Indirect Costs

Warehousing Costs 90,104

Total Direct Costs 5,000,000

Direct Labor 3,500,000


3/48

0

19,187,125

Earnings to Common Stockholders

Position Statement

Current Assets

6,183,229

Plant 16,055,250

Total Fixed Assets

1,139,996

Machinery and Equipment 3,131,875

Inventory ( 16,138 units at 70.64 /UNIT )

LIABILITIES AND OWNER EQUITY

27,984,690

Current Liabilities

Accounts Payable 520,000

Total Assets

Short Term Loans Payable

Net Income Transferred to Retained Earnings

8,797,565

Fixed Assets (net of depreciation

Quarter Number 3

ASSETS

Common Stock Dividends ( 0.00 per share )

Accounts Receivable

Total Current Assets

Cash 1,274,341

Marketable Securities 200,000

Preferred Stock Dividind

Income After Taxes


4/48

Quarterly EPS 0.81 Dividend Yield

Actual unit price 98.68 Actual unit demand

Marketable Security YieldPrice earnings ratio 21.8

HISTORICAL INFORMATION

Retained Earnings

18,177,460

Quarter Number 3

27,984,690

Common share price 70.84

Summary Data

Accumulated Wealth

Total Liabilities and Equity

24,102,188Total Equity

5,924,730

Total Liabilities 3,882,500

Common Stock ( 1,280,000 shares )

Owners' Equity

Preferred Stock ( 0 shares ) 0

1,200,000

Short Term Penalty Loan 0

Bonds Maturing

600,000Bonds

912,500Total Long Term Liabilities

Long Term Liabilities

312,500

3 years 0

Intermediate Loans: 2 years

1,250,000

2,970,000Total Current Liabilities

Intermediate Term Debt Maturing


5/48

0

Plant

Bonds

3-year 0 0

Warehouse fees:

Short-term 0 0

2-year 312,500 312,500

300,000 300,000

Units of machine capacity 115,000 100,000

Principal repayment on debt:

Depreciation: Machinery 644,375 571,250

1,874,500 1,563,500

200,000Other overhead 200,000

Projects 0

Units forecast

4

Price per unit forecast 106.43

116,722 111,171

140,000 120,000

106.47

Units of plant capacity

0

5

INFORMATION FOR FUTURE QUARTERS:

Unpaid preferred dividend/shareCommon tender or sell/sh

3.11% 2.50%

Outstanding debt yields:

Short-term

1.81%

3-year loan-year loan

Bond call premium

Preferred dividend yield

Return on equity

Call premium: preferred 8.00%

Preferred stock price 46.05

Return on investment 14.86%


6/48


7/48

590,964

0

2,361 9,231,061

0

Common shar

9,228,700

Dollar penalty

Common tend

Per unit price

0

0

Preferred shar

Project B

Units of plant b

no

0

Risk of S-T inv 0

Sales discount 0.00%

100

0Advertising co


8/48

1,155,219

1,556,646

0

1,155,218

95,211

1,461,435

2,711,864

6,519,196

1,139,996

7,068,229

7,659,192


9/48

1,039,697

0

1,039,697

1,039,697

0

,


10/48

0.00%

1.18%

93,506

70.95


11/48

0 0

0

312,500312,500

300,000

300,000

100,000

571,250 282,500

1,242,000 1,242,000

200,000 200,000

0 0

45,000

103.19

90,000 90,000

97.42

7

102,179 108,788

6

0

1.40%

Penalty loan

8.00%

Bonds

17.25%

8.00%

2.17%


12/48

0.89 0

14,582 0.83 0.03

-7,820120,000

100,000

Unit Labor sav., Qtr.4 Change/Qtr. Labor Sav.

2.16%

Unit Capacity verhead Savin

Over 120,000

Bond Preferred

1.03%

25 33

Next 20,000

50

3

341Plant

8


13/48

Units to be produced 100,000 Per unit price

Div. per common share -$ Advertising cost

Demand/price forecast -$ Sales discount

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

Machine units bought 40,000 Units of plant bought

Project A no 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.) -$ Dollar penalty

Special Options




Financing Decisions


14/48

100.00$

-$

0%

0

0

no

-$

-$

-$

-$


15/48

Sales revenue ( 92,287 units at 100.00 ) 9,228,700$

Income from securities 2,362$

Cost of Goods Sold:Beginning Inventory: ( 8,425 at 70.14 ) 590,964$

Materials 1,500,000$

Direct Labor 3,500,000$

Total Direct Costs 5,000,000$

Warehousing Costs 90,104$

Depreciation: Mach. and Equip. 478,125$

Plant 1,300,000$

Other Overhead Costs 200,000$

Total Indirect Costs 2,068,229$

Production Costs ( 100,000 at 70.68 ) 7,068,229$

Goods Available for Sale ( 70.64 per unit ) 7,659,193$

Less: Ending Inventory ( 16,138 units ) 1,139,996$

Cost of Goods Sold

Gross Profit


Operating Income Before Interest and Taxes (EBIT)

Financial Expenses:

Short Term Bank Interest -$

Penalty Loan Interest -$

Intermediate Term Loan Interest 65,811$

Bond Interest 29,400$Bond Redemption Costs -$



Extraordinary Items

Income Before Taxes

Income Tax (rate is 10%)

Income After Taxes

Preferred Stock Dividind


Common Stock Dividends ( 0.00 per share )


ASSETS

Current Assets


Quarter Number 3

Position Statement

Quarter Number 3


16/48

Cash 1,274,341$

Marketable Securities 200,000$

Accounts Receivable 6,183,229$

Inventory ( 16,138 units at 70.64 /UNIT ) 1,139,996$

Total Current Assets 8,797,566$

Fixed Assets (net of depreciation

Machinery and Equipment 3,131,875$Plant 16,055,250$

Total Fixed Assets 19,187,125$

Total Assets 27,984,691$


Current Liabilities

Accounts Payable 520,000$

Short Term Loans Payable -$

Short Term Penalty Loan -$

Intermediate Term Debt Maturing 1,250,000$

Bonds Maturing 1,200,000$

Total Current Liabilities 2,970,000$


Intermediate Loans: 2 years 312,500$

3 years -$

Bonds 600,000$

Total Long Term Liabilities 912,500$

Total Liabilities 3,882,500$

Owners' Equity

Preferred Stock ( 0 shares ) -$

Common Stock ( 1,280,000 shares ) 18,177,460$

Retained Earnings 5,924,730$

Total Equity 24,102,190$

Total Liabilities and Equity 27,984,690$


17/48

9,231,062$

6,519,196$

2,711,866$

1,461,435$

1,250,431$

95,211$

1,155,220$

-$

1,155,220$

462,088$

693,132$

-$

693,132$

-$

693,132$


18/48

HISTORICAL INFORMATION

Common share price 70.84$

Quarterly EPS 0.81$Price earnings ratio 21.8

Actual unit price 98.68$

Preferred stock price 46.05$

Return on investment 14.860%

Call premium: preferred 8.000%

Common tender or sell/sh -$


Short-term 2-year loan 3-year loan

1.810% 3.110% 2.500%

4 5

Units forecast 116,722 111,171

Price per unit forecast 106.43$ 106.47$

Units of plant capacity 140,000 120,000

Units of machine capacity 115,000 100,000

Other overhead 200,000$ 200,000$

Depreciation: Machinery 644,375$ 571,250$

Projects -$ -$

Plant 1,874,500$ 1,563,500$Principal repayment on debt:

Short-term -$ -$

2-year 312,500$ 312,500$

3-year -$ -$

Bonds 300,000$ 300,000$

Warehouse fees:

Units First 2000

Cost/Unit 1.00$

Production costs per unit next quarter:

Materials 15.00$ MachineryUnits First 60,000 Next 40,000

Labor cost 39.00$ 29.00$

Rates on funding in quarter 4

Short-term 2-year loan 3-year loan

1.803% 1.609% 1.416%

Interest due next quarter:

Short-term -$

Intermediate 48,593$

Summary Data

Quarter Number 3

INFORMATION FOR FUTURE Q


19/48

Bonds 25,200$

Capital budgeting projects for next quarter:

Life Cost

A 2-yr 669,696$

B 3-yr 536,544$

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


20/48


21/48

Unit Capacity Overhead Saving Unit Labor sav., Qtr.4 Change/Qtr. Labor Sav.

100,000 14,582.00$ 0.83$ 0.03$

120,000 (7,820.00)$ 0.89$ -$

Marginal Cost/Unit Direct Labor Cost

39.00$ 4,485,000$

29.00$ 3,935,000$

25.00$ 3,875,000$

33.00$ 3,835,000$

Marginal Cost/Unit Warehouse Cost

1.00$ 16,171$

3.00$ 44,514$

8.00$ 90,370$

arehousing Cost Table

Direct Labor Cost Table


22/48

4 5 6 7

Beg. Inv 16,228 16,171 7,698 23,536

Production 115,000 100,000 120,000 100,000

Est. Sales 115,057 108,473 104,162 108,788

Ending Inv 16,171 7,698 23,536 14,748

Over Prod Limit Over Prod Limit

Plant

Existing 140,000 120,000 90,000 90,000

1st Addition - -

2nd Addition -

Total 140,000 120,000 90,000 90,000

Machines

Existing 115,000 100,000 100,000 45,000

1st Addition - 20,000 20,000

2nd Addition - -

3rd Addition -

Total 115,000 100,000 120,000 65,000

Plant

Units - -

Cost -$ -$ -$ -$

MachineryUnits - - -

Cost -$ -$ -$ -$

Total Cost -$ -$ -$ -$

4 Quarter 108,788 108,788

3 Quarter 102,179 102,179

2 Quarter 111,171 111,171

1 Quarter 116,722Exp. Sales 115,057 108,473 104,162 108,788

4 Quarter 103.19$ 103.19$

3 Quarter 97.42$ 97.42$

2 Quarter 106.47$ 106.47$

1 Quarter 106.43$

Unit Price Forecasts

Production Plan for next 4 Quarters

Production Capacities

Purchases

Unit Sales Forecasts


23/48

Exp. Sales 106.44 103.76 99.15 103.19

Common Stock:

Current Stock Price: 70.84$ Per Share Reciepts -$

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

Current Common Stock

Cash Value 18,177,460.00$

Total Shares

Outstanding After

Issue Decision: 1,200,000

# of Shares Offered: -

Total Cash Value of

Stock After Issue

Decision: 18,177,460.00$

Issuing Stock


24/48

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

Next Quarter 4

Units Sold (assumed) 115,057

Price per unit (assumed) 100.00$

Return of marketable securities 1.33%

Units to be produced 115,000 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 4

Proforma Decisions for next quarter



Financing Decisions


25/48

$100.00

N/A

0%

0

-

0

-$

-$

-$

N/A


26/48

Quarter Number: 4

Sales revenue 115,057 $100.00 11,505,670$

Income from securities 2,656$

Cost of Goods Sold:Beginning Inventory: (units @ $ per unit) 16,228 70.25$ 1,139,996$

Materials 1,725,000$

Direct Labor 3,875,000$

Total Direct Costs 5,600,000$

Warehousing Costs 90,370$

Depreciation: Mach. and Equip. 644,375$

Plant 1,874,500$

Other Overhead Costs 200,000$

Total Indirect Costs 2,809,245$

Production Costs (units @ $ per unit) 115,000 73.12$ 8,409,245$

Goods Available for Sale (units @ $ per unit) 131,228 72.77$ 9,549,241$

Less: Ending Inventory 16,171 1,176,758$

Cost of Goods Sold

Gross Profit


Earnings before intrest and taxes (EBIT)

Financial Expenses:

Short Term Bank Interest -$

Penalty Loan Interest 476,303$

Intermediate Term Loan Interest 48,593$

Bond Interest 25,200$Bond Redemption Costs -$



Extraordinary Items

Income Before Taxes

Income Tax

Income After Taxes

Preferred Stock Dividends


Common Stock Dividends 1,200,000 shares outstanding


Quarter Number: 4

ASSETS

Current Assets

Proforma Quarterly Performance Report

Position Statement


27/48

Cash 3,122,437$

Marketable Securities 200,000$

Accounts Receivable 7,708,799$

Inventory 1,176,758$

Total Current Assets 12,207,994$

Fixed Assets (net of depreciation)

Machinery and Equipment 2,487,500$Plant 14,180,750$

Total Fixed Assets 16,668,250$

Total Assets 28,876,244$


Current Liabilities

Accounts Payable 580,000$

Short Term Loans Payable -$

Short Term Penalty Loan -$

Intermediate Term Debt Maturing 416,667$

Bonds Maturing 600,000$

Total Current Liabilities 1,596,667$


Intermediate Loans: 2 years 104,167$

3 years -$

Bonds 300,000$

Total Long Term Liabilities 404,167$

Total Liabilities 2,000,833$

Owners' Equity

Preferred Stock ( 0 shares ) -$

Common Stock ( 1,000,000 shares ) 18,177,460$

Retained Earnings 6,834,147$

Total Equity 25,011,607$

Total Liabilities and Equity 27,012,440$


28/48

11,508,326$

8,372,483$

3,135,843$

1,575,284$

1,560,559$

penalty loan problem

550,096$

1,010,463$

-$

1,010,463$

101,046$

909,417$

-$

909,417$

-$

909,417$


29/48

cash problem

short term penalty loan problem 6351455

476,303$

debt schedule prob -3122437.2


30/48

Cash Inflows Cash sales (33% of Sales) 3,796,871$

Accounts Receivable collected 6,183,229$

Income from Marketable Securities 2,656$

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 9,982,756$

Net Flow (total inflows total outflows) 1,848,096$

Beginning Cash Balance 1,274,341$

Ending Cash Balance 3,122,437$

Proforma CashQuarter Numb


31/48

Cash Outflows Production Cash Flows

Materials (90% cash) 1,552,500$

Direct Labor (90% cash) 3,487,500$

Warehousing Fees 90,370$

Other Overhead Charges (90% cash) 180,000$

Accounts Payable Payments 520,000$

Financial Expenses:

Short-Term Loan Interest:

Bank -$

Shark Loan Inc. -$

Intermediate-Term Loan Interest 48,593$

Bond Interest 25,200$

Bond Redemption Costs -$

Selling and Administrative Expenses 1,575,284$Machinery Purchased -$

Capital Budgeting Projects Purchased TBA

Plant Additions Purchased -$

Extraordinary Loss -$

Income Tax 101,046$

Preferred Stock Dividends -$

Common Stock Dividends -$

Purchase of Marketable Securities -$

Payments and Retirement of:

Short-Term Loans -$

Penalty Loans -$

Two-Year Loans 104,167$

Three-Year Loans 300,000$

Debentures 150,000$

Preferred Stock TBA

Common Stock -$

Total Outflows 8,134,660$

udgeter 4


32/48

Principle Maturity Date

Next Quarterley

Repayment Current Portion

Short-term Debt

-$

Total -$ -$

2yr Debt

312,500$ 9 104,167$ 416,667$

Total 104,167$ 416,667$

3yr Debt

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

-$ 18 -$ -$

Total 300,000$ -$

10yr Debt

-$ 0 -$ -$

42 -$ -$

600,000$ 10 150,000.00 600,000$

Total 150,000$ 600,000$

New Debt

Short-term -$ 7 -$ -$

2yr -$ 11 -$ -$

3yr -$ 15 -$ -$

10yr -$ 43 -$ -$

Debt Retirement

Short-term -$ -$ -$

2yr -$ -$ -$

3yr -$ -$ -$

10yr -$ -$ -$

Repayment Totals Proforma Totals

Short-term -$ -$ -$

2yr 625,000$ 104,167$ 416,667$

3yr 300,000$ 300,000$ -$

10yr 1,050,000$ 150,000$ 600,000$

Details of Debt at beginning of

Quarter Number 4

Change in Debt for Next Quarter


33/48

Iterest on New Debt

Debt offering premium 0.00%

Short-term -$

2yr -$

3yr -$

10yr -$


34/48

Long-term

portion

-$

104,167$

104,167$

-$-$

-$

-$

-$

-$

300,000$

300,000$

-$

-$

-$

-$

-$

-$

-$

-$

-$

104,167$

-$

300,000$


35/48


36/48

Qtr 3 Proforma Qtr 4

Current Ratio 2.96 Times 7.65 Times

Quick Ratio 2.58 Times 6.91 Times

Inventory Turnover 22.87 Times 28.46 Times

Days Sales in Inventory 15.74 days 12.65 days

Account Receivable Turnover 5.97 Times 5.97 Times

Average Collection Period 60.28 days 60.29 days

Fixed Asset Turnover 1.92 Times 2.76 Times

Total Asset Turnover 1.32 Times 1.59 Times

Total Debt Ratio 13.87% 6.93%

Long-Term Debt Ratio 3.26% 1.40%

LTD to Total Capitalization 4.78% 2.18%

Debt to Equity 0.16 Times 0.08 Times

LTD to Equity 0.05 Times 0.02 Times

Times Interest Earned 13.13 Times 2.84 Times

Cash Coverage Ratio 31.81 Times 7.42 Times

Gross Profit Margin 29.38% 27.25%

Operating Profit Margin 13.55% 13.56%

Net Profit Margin 7.51% 7.90%

Return on Total Assets 9.91% 12.60%

Return on Equity 11.50% 14.54%

Return on Common Equity 11.50% 14.54%

Net Profit Margin 7.51% 7.90%

x Total Asset Turnover 1.32 Times 1.59 Times

x Equity Multiplier 1.16 Times 1.08 TimesROE 11.50% 13.61%

Factors Weights

NWC/Total Assets 0.2082 1.2

Retained Earnings/ Total Assets 0.0248 1.4

EBIT/Total Assets 0.1787 3.3

Du Pont Analysis of ROE

Altman Z score

Ratio Analysis

Liquidity Ratios

Efficiency Ratios

Leverage Ratios

Converage Ratios

Profitablility Ratios


37/48

Market Value Equity/BV Debt 18.2460 0.6

Sales/ Total Assets 1.3194 1

Z-Score 13.14


38/48


39/48

1.13%


40/48


41/48

5 6 7 8

-$ -$ -$ -$(95,000)$ (98,000)$ (101,000)$ (104,000)$

(14,582)$ (14,582)$ (14,582)$ (14,582)$

83,712$ 83,712$ 83,712$ 83,712$

25,870$ 28,870$ 31,870$ 34,870$

2,587$ 2,887$ 3,187$ 3,487$

23,283$ 25,983$ 28,683$ 31,383$

83,712$ 83,712$ 83,712$ 83,712$

106,995$ 109,695$ 112,395$ 115,095$

5 6 7 8 9 10

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

(89,000)$ (89,000)$ (89,000)$ (89,000)$ (89,000)$ (89,000)$

7,820$ 7,820$ 7,820$ 7,820$ 7,820$ 7,820$

44,712$ 44,712$ 44,712$ 44,712$ 44,712$ 44,712$

36,468$ 36,468$ 36,468$ 36,468$ 36,468$ 36,468$

3,647$ 3,647$ 3,647$ 3,647$ 3,647$ 3,647$

32,821$ 32,821$ 32,821$ 32,821$ 32,821$ 32,821$

44,712$ 44,712$ 44,712$ 44,712$ 44,712$ 44,712$

77,533$ 77,533$ 77,533$ 77,533$ 77,533$ 77,533$


42/48

11 12

-$ -$

(89,000)$ (89,000)$

7,820$ 7,820$

44,712$ 44,712$

36,468$ 36,468$

3,647$ 3,647$

32,821$ 32,821$

44,712$ 44,712$

77,533$ 77,533$


43/48

Results for company name: FIN-NEWS

0 Units of pla

Ten-year b $0

Short-term $0 Preferred s

Two-year l 2,500,000 Common s


Sales reve 9,738,300

Strike settl $0.00 Dollar pen

Beginning

Material 1,500,000

Income fro 2,655 9,740,955

Cost of Go

Direct La 3,500,000



Units to be 100,000 Per unit pri $100.00

Demand/pr $0 Sales disc 0.00%

Div. per co $0.10 Advertising $0

0

no

Financing Decisions

0

0

$0


Short-term $200,000 Risk of S-T 0

Three-year $0 Common t

Project A no Project B

Machine u

Special Options

$0

Quarter Number 1

$733,567


44/48

1,300,000

Wareho $60,408

, ,

Penalty L 0

Short Ter $0

Financial E

Selling and

Less: End

Cost of Go

Gross Profi

Productio

6,892,608

2,848,347

7,038,533

Goods Av 7,772,100

Total I 2,038,533

Other O 200,000

Deprecia 478,125

1,486,915

Intermedi 92,749

Bond Inte 33,600

879,492

126,349 1,613,264

Operating I 1,235,083

Bond Red 0

Total Finan

Extraordin 0

Income Bef 1,235,083

Income Ta 123,508

Income Aft 1,111,575

Preferred 0


45/48

, ,

Common S 100,000

Net Income 1,011,575

Marketa 200,000

Account 6,524,661

Inventor 879,492

Position Statement

Quarter Number 1

ASSETS

Current As

Cash $491,120

9,173,375

Tot 7,268,647

Total 8,095,272

Fixed Asse

Machine 2,008,125

LIABILITIE

Current Lia

Account $520,000

Short Te 0

Plant 7,165,250

Total

Total 3,570,000

Short Te 0

Intermed 1,850,000

Bonds M 1,200,000


46/48

Intermed $937,500

2,137,500

Tot 5,707,500

Owners' E

Preferre $0

0

Bonds 1,200,000

Total

########

Tot 7,268,647

Summary Data

Quarter Number 1

Commo 8,000,000

Retained 3,561,147

Total Equit

Price earni 9.78 Marketable 1.33%

Actual unit $100.00 Actual unit 97,383

HISTORIC

Common s $43.47 Accumulat $43.57

Quarterly E $1.11 D ividend Yi 0.93%

Call premiu 8.00% Bond call p 8.00%

Common t $0.00 Unpaid pre $0.00

Preferred s $32.15 Preferred d 3.11%

Return on i 25.75% Return on 38.46%


Shor t- term 2-year loan3-year loan Bonds Penalty loan


47/48

2.98% 3.11% 2.50% 1.40% 8.00%

INFORMATION FOR FUTURE QUARTERS:

2 3 4 5

Units forec 101,378 90,174 124,132 111,898

Price per u $100.37 $96.43 $110.60 $104.80

Units of pla 100,000 100,000 100,000 80,000

Units of ma 100,000 100,000 75,000 60,000

Other over 200,000 200,000 200,000 200,000

989,000

Principal repayment on debt:

Depreciatio 478,125 478,125 384,375 311,250

Pr 0 0 0 0

Short-ter 0 0 0

2-year 312,500 312,500 312,500

Pl 1,300,000 1,300,000 1,300,000

Bonds 300,000 300,000 300,000 300,000

Wareho

312,500

3-year 300,000 300,000 0 0

Production costs per unit next quarter:

Material $15.00 Machinery $41.00 Plant $281.00

Units First 2000 Next 5000 Over 7000

Cost/ $1.00 $3.00 $8.00

Units First 60,000Next 40,00 Next 20,00 ver 120,00

Labor co $39.00 $29.00 $25.00 $33.00

Rates on funding in quarter 2

Short-term 2-year loan3-year loan Bond Preferred


48/48

2.00% 1.95% 1.91% 1.84% 2.40%

Interest due next quart

Capital budgeting projects for next quarter:

Life Cost nit Capaciterhead SavLabor sav., e/Qtr. Labo

Short-ter$0

Intermed$83,030

Bonds $33,600

$0.02

B 3-yr $634,728 120,000 -$7,395 $1.05 $0.00

A 2-yr $437,664 100,000 $14,147 $0.54

Finnews Q4

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Transcript of Finnews Q4