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Financial Summary Ka Chun Chan Round: 4December 31, 2019
Cash Flow Statement Survey Andrews Baldwin Chester DigbyCash flows from operating activities Net Income (Loss) $64,319 $2,154 $2,791 $36,130Adjustment for noncash items: Depreciation $23,834 $15,180 $17,396 $9,484 Extraordinary gains/losses/writeoffs $0 ($736) ($1,063) ($153)Changes in current assets and liabilities: Accounts payable ($496) ($48) $1,618 $3,919 Inventory ($4,444) ($2,860) ($9,871) ($17,741) Accounts receivable ($2,304) ($307) ($1,316) ($3,680)Net cash from operations $80,908 $13,383 $9,555 $27,958
Cash flows from investing activities Plant improvements (net) ($88,000) $0 $0 $0Cash flows from financing activities Dividends paid $0 ($5,815) $0 ($25,614)Sales of common stock $0 $0 $4,765 $0Purchase of common stock $0 $0 $0 ($2,527)Cash from long term debt issued $0 $0 $0 $0Early retirement of long term debt $0 ($9,559) ($14,920) ($5,268)Retirement of current debt ($4,877) ($26,769) ($24,054) ($18,527)Cash from current debt borrowing $0 $20,876 $24,825 $25,127Cash from emergency loan $11,968 $0 $0 $0
Net cash from financing activities $7,092 ($21,267) ($9,385) ($26,809) Net change in cash position $0 ($7,884) $170 $1,149
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assets forthat year. Cash: Your endofyear cash position. AccountsReceivable: Reflects the lag between delivery and payment ofyour products. Inventories: The current value of your inventoryacross all products. A zero indicates your company stocked out.Unmet demand would, of course, fall to your competitors. Plant& Equipment: The current value of your plant. Accum Deprec:The total accumulated depreciation from your plant. AcctsPayable: What the company currently owes suppliers formaterials and services. Current Debt: The debt the company isobligated to pay during the next year of operations. It includesemergency loans used to keep your company solvent should yourun out of cash during the year. Long Term Debt: Thecompany's long term debt is in the form of bonds, and thisrepresents the total value of your bonds. Common Stock: Theamount of capital invested by shareholders in the company.Retained Earnings: The profits that the company chose to keepinstead of paying to shareholders as dividends.
Total Liabilities $94,458 31.8% $87,864 Common Stock $24,148 8.1% $24,148Retained Earnings $178,630 60.1% $114,311
Total Equity $202,778 68.2% $138,459
Total Liab. & O. Equity $297,237 100.0% $226,323
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negative numbers.The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negativecash flows exceed positives, you are forced to seek emergency funding. For example, if salesare bad and you find yourself carrying an abundance of excess inventory, the report would showthe increase in inventory as a huge negative cash flow. Too much unexpected inventory couldoutstrip your inflows, exhaust your starting cash and force you to beg for money to keep yourcompany afloat.
Net cash from operations $80,908 $64,559Cash Flows from Investing Activities: Plant Improvements ($88,000) ($44,624)Cash Flows from Financing Activities: Dividends Paid $0 $0Sales of Common Stock $0 $0Purchase of Common Stock $0 $0Cash from long term debt $0 $0Retirement of long term debt $0 $0Change in current debt (net) $7,092 ($19,935)
Net cash from financing activities $7,092 ($19,935)Net change in cash position $0 $0Closing cash position $0 $0
2019 Income Statement(Product Name:) Ark Ant Ace Awe Apple Angle Amy Aron 2019
TotalCommon
SizeSales $51,766 $67,622 $53,663 $43,037 $26,734 $26,734 $15,290 $33,863 $318,711 100.0% Variable Costs: Direct Labor $4,195 $2,749 $2,466 $3,323 $3,922 $3,922 $2,984 $3,922 $27,485 8.6%Direct Material $20,461 $22,419 $16,940 $16,838 $8,577 $8,577 $4,460 $10,703 $108,977 34.2%Inventory Carry $1,090 $29 $730 $394 $0 $0 $420 $0 $2,663 0.8%Total Variable $25,747 $25,198 $20,136 $20,555 $12,500 $12,500 $7,864 $14,626 $139,125 43.7% Contribution Margin $26,020 $42,424 $33,527 $22,482 $14,235 $14,235 $7,426 $19,238 $179,586 56.3% Period Costs: Depreciation $4,600 $3,153 $3,416 $4,692 $1,993 $1,993 $1,993 $1,993 $23,834 7.5%SG&A: R&D $1,000 $1,000 $994 $994 $995 $995 $985 $995 $7,958 2.5% Promotions $1,600 $1,600 $1,500 $1,600 $2,000 $2,000 $1,200 $2,000 $13,500 4.2% Sales $3,800 $3,000 $2,500 $4,000 $1,700 $1,500 $2,000 $1,000 $19,500 6.1% Admin $486 $635 $504 $404 $251 $251 $144 $318 $2,992 0.9%Total Period $11,486 $9,387 $8,914 $11,690 $6,939 $6,739 $6,322 $6,306 $67,784 21.3% Net Margin $14,534 $33,037 $24,613 $10,792 $7,295 $7,495 $1,104 $12,932 $111,802 35.1% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straightline 15yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administration overhead isestimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales force budget for each product.Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include money paid to investmentbankers and brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Writeoffs includethe loss you might experience when you sell capacity or liquidate inventory as the result of eliminating a production line. If theamount appears as a negative amount, then you actually made money on the liquidation of capacity or inventory. EBIT: EarningsBefore Interest and Taxes. Short Term Interest: Interest expense based on last year's current debt, including short term debt,long term notes that have become due, and emergency loans. Long Term Interest: Interest paid on outstanding bonds. Taxes:Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net Profit: EBITminus interest, taxes, and profit sharing.
Other $10 0.0%EBIT $111,792 35.1%Short Term Interest $1,894 0.6%LongTerm Interest $8,926 2.8%Taxes $35,340 11.1%Profit Sharing $1,313 0.4%Net Profit $64,319 20.2%
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assets forthat year. Cash: Your endofyear cash position. AccountsReceivable: Reflects the lag between delivery and payment ofyour products. Inventories: The current value of your inventoryacross all products. A zero indicates your company stocked out.Unmet demand would, of course, fall to your competitors. Plant& Equipment: The current value of your plant. Accum Deprec:The total accumulated depreciation from your plant. AcctsPayable: What the company currently owes suppliers formaterials and services. Current Debt: The debt the company isobligated to pay during the next year of operations. It includesemergency loans used to keep your company solvent should yourun out of cash during the year. Long Term Debt: Thecompany's long term debt is in the form of bonds, and thisrepresents the total value of your bonds. Common Stock: Theamount of capital invested by shareholders in the company.Retained Earnings: The profits that the company chose to keepinstead of paying to shareholders as dividends.
Total Liabilities $99,917 60.0% $116,154 Common Stock $43,710 26.2% $43,710Retained Earnings $22,973 13.8% $26,634
Total Equity $66,683 40.0% $70,344
Total Liab. & O. Equity $166,600 100.0% $186,498
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negative numbers.The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negativecash flows exceed positives, you are forced to seek emergency funding. For example, if salesare bad and you find yourself carrying an abundance of excess inventory, the report would showthe increase in inventory as a huge negative cash flow. Too much unexpected inventory couldoutstrip your inflows, exhaust your starting cash and force you to beg for money to keep yourcompany afloat.
Net cash from operations $13,383 $12,587Cash Flows from Investing Activities: Plant Improvements $0 ($12,200)Cash Flows from Financing Activities: Dividends Paid ($5,815) $0Sales of Common Stock $0 $6,561Purchase of Common Stock $0 $0Cash from long term debt $0 $0Retirement of long term debt ($9,559) ($1,595)Change in current debt (net) ($5,893) ($14,362)
Net cash from financing activities ($21,267) ($9,397)Net change in cash position ($7,884) ($9,010)Closing cash position $26,214 $34,098
2019 Income Statement(Product Name:) Bit Bolt Best Brat Na Na Na Na 2019
TotalCommon
SizeSales $24,777 $24,978 $32,674 $34,479 $0 $0 $0 $0 $116,908 100.0% Variable Costs: Direct Labor $2,447 $2,399 $6,120 $5,677 $0 $0 $0 $0 $16,644 14.2%Direct Material $10,946 $11,278 $12,816 $13,254 $0 $0 $0 $0 $48,294 41.3%Inventory Carry $239 $245 $355 $470 $0 $0 $0 $0 $1,309 1.1%Total Variable $13,633 $13,922 $19,291 $19,401 $0 $0 $0 $0 $66,247 56.7% Contribution Margin $11,144 $11,056 $13,383 $15,079 $0 $0 $0 $0 $50,662 43.3% Period Costs: Depreciation $4,447 $4,907 $2,660 $3,167 $0 $0 $0 $0 $15,180 13.0%SG&A: R&D $446 $446 $966 $966 $0 $0 $0 $0 $2,824 2.4% Promotions $1,300 $1,300 $1,300 $1,300 $0 $0 $0 $0 $5,200 4.4% Sales $1,600 $1,600 $1,400 $1,400 $0 $0 $0 $0 $6,000 5.1% Admin $225 $227 $296 $313 $0 $0 $0 $0 $1,060 0.9%Total Period $8,017 $8,479 $6,622 $7,145 $0 $0 $0 $0 $30,264 25.9% Net Margin $3,127 $2,577 $6,760 $7,933 $0 $0 $0 $0 $20,398 17.4% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straightline 15yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administration overhead isestimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales force budget for each product.Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include money paid to investmentbankers and brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Writeoffs includethe loss you might experience when you sell capacity or liquidate inventory as the result of eliminating a production line. If theamount appears as a negative amount, then you actually made money on the liquidation of capacity or inventory. EBIT: EarningsBefore Interest and Taxes. Short Term Interest: Interest expense based on last year's current debt, including short term debt,long term notes that have become due, and emergency loans. Long Term Interest: Interest paid on outstanding bonds. Taxes:Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net Profit: EBITminus interest, taxes, and profit sharing.
Other $4,908 4.2%EBIT $15,490 13.2%Short Term Interest $2,609 2.2%LongTerm Interest $9,499 8.1%Taxes $1,184 1.0%Profit Sharing $44 0.0%Net Profit $2,154 1.8%
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assets forthat year. Cash: Your endofyear cash position. AccountsReceivable: Reflects the lag between delivery and payment ofyour products. Inventories: The current value of your inventoryacross all products. A zero indicates your company stocked out.Unmet demand would, of course, fall to your competitors. Plant& Equipment: The current value of your plant. Accum Deprec:The total accumulated depreciation from your plant. AcctsPayable: What the company currently owes suppliers formaterials and services. Current Debt: The debt the company isobligated to pay during the next year of operations. It includesemergency loans used to keep your company solvent should yourun out of cash during the year. Long Term Debt: Thecompany's long term debt is in the form of bonds, and thisrepresents the total value of your bonds. Common Stock: Theamount of capital invested by shareholders in the company.Retained Earnings: The profits that the company chose to keepinstead of paying to shareholders as dividends.
Total Liabilities $118,596 55.6% $132,189 Common Stock $57,438 26.9% $52,673Retained Earnings $37,212 17.5% $34,421
Total Equity $94,650 44.4% $87,094
Total Liab. & O. Equity $213,246 100.0% $219,284
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negative numbers.The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negativecash flows exceed positives, you are forced to seek emergency funding. For example, if salesare bad and you find yourself carrying an abundance of excess inventory, the report would showthe increase in inventory as a huge negative cash flow. Too much unexpected inventory couldoutstrip your inflows, exhaust your starting cash and force you to beg for money to keep yourcompany afloat.
Net cash from operations $9,555 $14,936Cash Flows from Investing Activities: Plant Improvements $0 ($45,180)Cash Flows from Financing Activities: Dividends Paid $0 $0Sales of Common Stock $4,765 $15,547Purchase of Common Stock $0 $0Cash from long term debt $0 $20,216Retirement of long term debt ($14,920) $0Change in current debt (net) $771 ($8,177)
Net cash from financing activities ($9,385) $27,586Net change in cash position $170 ($2,658)Closing cash position $27,565 $27,394
2019 Income Statement(Product Name:) City Cozy Cute Crimp Cake Cedar Na Na 2019
TotalCommon
SizeSales $16,829 $20,638 $36,130 $32,945 $20,740 $24,988 $0 $0 $152,270 100.0% Variable Costs: Direct Labor $1,487 $1,778 $7,480 $5,341 $4,275 $5,056 $0 $0 $25,417 16.7%Direct Material $6,882 $9,079 $15,000 $12,021 $9,236 $10,242 $0 $0 $62,460 41.0%Inventory Carry $168 $300 $523 $612 $258 $204 $0 $0 $2,066 1.4%Total Variable $8,537 $11,157 $23,004 $17,974 $13,769 $15,503 $0 $0 $89,943 59.1% Contribution Margin $8,292 $9,481 $13,126 $14,971 $6,971 $9,485 $0 $0 $62,327 40.9% Period Costs: Depreciation $3,833 $4,600 $1,927 $1,927 $2,635 $2,475 $0 $0 $17,396 11.4%SG&A: R&D $0 $0 $985 $985 $966 $966 $0 $0 $3,902 2.6% Promotions $1,200 $1,200 $1,200 $1,200 $1,200 $1,200 $0 $0 $7,200 4.7% Sales $1,000 $1,000 $2,400 $2,400 $900 $900 $0 $0 $8,600 5.6% Admin $137 $168 $294 $268 $169 $203 $0 $0 $1,239 0.8%Total Period $6,170 $6,968 $6,805 $6,779 $5,870 $5,744 $0 $0 $38,337 25.2% Net Margin $2,122 $2,513 $6,321 $8,191 $1,101 $3,741 $0 $0 $23,991 15.8% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straightline 15yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administration overhead isestimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales force budget for each product.Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include money paid to investmentbankers and brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Writeoffs includethe loss you might experience when you sell capacity or liquidate inventory as the result of eliminating a production line. If theamount appears as a negative amount, then you actually made money on the liquidation of capacity or inventory. EBIT: EarningsBefore Interest and Taxes. Short Term Interest: Interest expense based on last year's current debt, including short term debt,long term notes that have become due, and emergency loans. Long Term Interest: Interest paid on outstanding bonds. Taxes:Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net Profit: EBITminus interest, taxes, and profit sharing.
Other $5,399 3.5%EBIT $18,591 12.2%Short Term Interest $3,078 2.0%LongTerm Interest $11,131 7.3%Taxes $1,534 1.0%Profit Sharing $57 0.0%Net Profit $2,791 1.8%
Balance SheetDEFINITIONS: Common Size: The common size columnsimply represents each item as a percentage of total assets forthat year. Cash: Your endofyear cash position. AccountsReceivable: Reflects the lag between delivery and payment ofyour products. Inventories: The current value of your inventoryacross all products. A zero indicates your company stocked out.Unmet demand would, of course, fall to your competitors. Plant& Equipment: The current value of your plant. Accum Deprec:The total accumulated depreciation from your plant. AcctsPayable: What the company currently owes suppliers formaterials and services. Current Debt: The debt the company isobligated to pay during the next year of operations. It includesemergency loans used to keep your company solvent should yourun out of cash during the year. Long Term Debt: Thecompany's long term debt is in the form of bonds, and thisrepresents the total value of your bonds. Common Stock: Theamount of capital invested by shareholders in the company.Retained Earnings: The profits that the company chose to keepinstead of paying to shareholders as dividends.
Total Liabilities $64,262 41.5% $59,164 Common Stock $8,972 5.8% $9,255Retained Earnings $81,652 52.7% $73,381
Total Equity $90,624 58.5% $82,636
Total Liab. & O. Equity $154,886 100.0% $141,801
Cash Flow StatementThe Cash Flow Statement examines what happened in the Cash Account during theyear. Cash injections appear as positive numbers and cash withdrawals as negative numbers.The Cash Flow Statement is an excellent tool for diagnosing emergency loans. When negativecash flows exceed positives, you are forced to seek emergency funding. For example, if salesare bad and you find yourself carrying an abundance of excess inventory, the report would showthe increase in inventory as a huge negative cash flow. Too much unexpected inventory couldoutstrip your inflows, exhaust your starting cash and force you to beg for money to keep yourcompany afloat.
Net cash from operations $27,958 $38,971Cash Flows from Investing Activities: Plant Improvements $0 ($29,700)Cash Flows from Financing Activities: Dividends Paid ($25,614) ($1,738)Sales of Common Stock $0 $0Purchase of Common Stock ($2,527) ($1,920)Cash from long term debt $0 $8,206Retirement of long term debt ($5,268) $0Change in current debt (net) $6,600 ($9,556)
Net cash from financing activities ($26,809) ($5,008)Net change in cash position $1,149 $4,263Closing cash position $36,587 $35,438
2019 Income Statement(Product Name:) Dim Dome Dug Drat Na Na Na Na 2019
TotalCommon
SizeSales $61,075 $50,498 $49,210 $57,244 $0 $0 $0 $0 $218,027 100.0% Variable Costs: Direct Labor $12,055 $9,843 $8,289 $9,876 $0 $0 $0 $0 $40,063 18.4%Direct Material $23,092 $20,392 $17,698 $21,302 $0 $0 $0 $0 $82,484 37.8%Inventory Carry $1,025 $0 $887 $1,193 $0 $0 $0 $0 $3,105 1.4%Total Variable $36,172 $30,235 $26,874 $32,372 $0 $0 $0 $0 $125,653 57.6% Contribution Margin $24,904 $20,264 $22,336 $24,872 $0 $0 $0 $0 $92,375 42.4% Period Costs: Depreciation $2,684 $1,700 $2,380 $2,720 $0 $0 $0 $0 $9,484 4.3%SG&A: R&D $710 $645 $623 $645 $0 $0 $0 $0 $2,622 1.2% Promotions $1,400 $1,400 $1,400 $1,400 $0 $0 $0 $0 $5,600 2.6% Sales $1,100 $1,000 $1,000 $1,000 $0 $0 $0 $0 $4,100 1.9% Admin $482 $398 $388 $452 $0 $0 $0 $0 $1,720 0.8%Total Period $6,375 $5,143 $5,791 $6,217 $0 $0 $0 $0 $23,527 10.8% Net Margin $18,528 $15,120 $16,545 $18,655 $0 $0 $0 $0 $68,848 31.6% Definitions: Sales: Unit sales times list price. Direct Labor: Labor costs incurred to produce the product that was sold.Inventory Carry Cost: the cost to carry unsold goods in inventory. Depreciation: Calculated on straightline 15yeardepreciation of plant value. R&D Costs: R&D department expenditures for each product. Admin: Administration overhead isestimated at 1.5% of sales. Promotions: The promotion budget for each product. Sales: The sales force budget for each product.Other: Charges not included in other categories such as Fees, Write Offs, and TQM. The fees include money paid to investmentbankers and brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Writeoffs includethe loss you might experience when you sell capacity or liquidate inventory as the result of eliminating a production line. If theamount appears as a negative amount, then you actually made money on the liquidation of capacity or inventory. EBIT: EarningsBefore Interest and Taxes. Short Term Interest: Interest expense based on last year's current debt, including short term debt,long term notes that have become due, and emergency loans. Long Term Interest: Interest paid on outstanding bonds. Taxes:Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor contract. Net Profit: EBITminus interest, taxes, and profit sharing.
Other $6,214 2.9%EBIT $62,634 28.7%Short Term Interest $2,613 1.2%LongTerm Interest $3,302 1.5%Taxes $19,851 9.1%Profit Sharing $737 0.3%Net Profit $36,130 16.6%