Results for company name: cualquiera

Decision Inputs for Quarter Number 1 Company Operating Decisions Units to be produced Div. per common $0.10 share Demand/price forecast Investment Decisions Short-term investment $200.00 Machine units bought Project A no 0 Risk of S-T investment Units of plant bought Project B no 0 0 $0 100 Per unit price $100.00 Advertising cost Sales discount 0.00% $0

Financing Decisions Short-term loans Two-year loans$2,500,000 Three-year loans Ten-year bonds Special Options Strike settlement $0.00 (per hr.) Quarterly Performance Report Quarter Number 1 Sales revenue ( 97,383 units at $100.00 ) Income from securities $9,738,300 2.275 $9,740,575 Dollar penalty $0 $0 $0 $0 Preferred shares Common shares Common tender price 0 0 $0

Cost of Goods Sold: Beginning Inventory: ( 9,809 at $74.79 ) Materials Direct Labor $1,500,000 3,500,000 $5,000,000 $733.57

Total Direct Costs Warehousing Costs $60.41

Depreciation: Mach. 478.125 and Equip. Plant 1,300,000 Other Overhead Costs 200 Total Indirect Costs 2,038,533 7,038,533

Production Costs ( 100,000 at $70.39 )

Goods Available for Sale ( $70.78 per unit ) $7,772,100 Less: Ending Inventory ( 12,426 units ) Cost of Goods Sold Gross Profit Selling and administrative expenses Financial Expenses: Short Term Bank Interest Penalty Loan Interest Intermediate Term Loan Interest $0 0 92.749 $1,486,915 879.492 6,892,608 $2,847,966

Bond Interest Bond Redemption Costs Total Financial Charges

33.6 0 126.349 1,613,264 $1,234,703 0 $1,234,702 493.88 $740.82 0 $740.82 100 $640.82

Operating Income Before Extraordinary Items Extraordinary Items Income Before Taxes Income Tax ( rate is 40%) Income After Taxes Preferred Stock Dividind Earnings to Common Stockholders Common Stock Dividends ( $0.10 per share ) Net Income Transferred to Retained Earnings Position Statement Quarter Number 1 ASSETS Current Assets Cash $120.37

Marketable Securities 200 Accounts Receivable 6,524,661 Inventory ( 12,426 units at $70.78 /UNIT ) 879.492 Total Current Assets $7,724,519

Fixed Assets ( net of depreciation Machinery and $2,008,125 Equipment Plant 7,165,250 9,173,375 $16,897,894

Total Fixed Assets Total Assets

LIABILITIES AND OWNER EQUITY Current Liabilities Accounts Payable $520.00 Short Term Loans Payable 0 Short Term Penalty Loan 0 Intermediate 1,850,000 Term Debt Maturing Bonds Maturing 1,200,000 Total Current Liabilities Long Term Liabilities Intermediate Loans: $937.50 2 years 3 years Bonds 1,200,000 2,137,500 0 $3,570,000

Total Long Term Liabilities Total Liabilities Owners' Equity Preferred Stock ( 0 shares )

$5,707,500

Preferred Stock ( 0 shares $0 ) Common Stock ( 1,000,000 shares ) 8,000,000 Retained Earnings 3,190,394 Total Equity 11,190,395

$16,897,894 Total Liabilities and Equity

Summary Data Quarter Number 1 HISTORICAL INFORMATION Common share$37.28 price Quarterly EPS $0.74 Price earnings ratio 12.58 Actual unit price $100.00 Preferred stock$32.15 price Return on investment 17.54% Call premium: preferred 8.00% Common tender $0.00 or sell/sh Outstanding debt yields: Short-term 2980% 2-year loan 3110% 3-year loan 2500% Bonds 1400% Penalty loan 8000% Accumulated Wealth $37.38 Dividend Yield 1.05% Marketable Security Yield 1138% Actual unit demand 97.383

Preferred dividend 3.11% yield Return on equity 26.48% Bond call premium 8.00% Unpaid preferred $0.00 dividend/share

INFORMATION FOR FUTURE QUARTERS: 2 3 4 5

2 Units forecast 115.789

3 101.417 $102.72 $94.11 100 100 200 478.125 0 1,300,000 1,300,000

4 91.457

5 109.298 $99.85

Price per unit forecast $102.78 Units of plant capacity 100

100 75 200 384.375 0

80 60 200 311.25 0 989

Units of machine capacity 100 Other overhead 200

Depreciation: Machinery 478.125 Projects Plant 1,300,000 Principal repayment on debt: Short-term 2-year 3-year Bonds Warehouse fees: Units Cost/Unit 0 312.5 300 300 0

0 312.5 300 300

0 312.5 0 300 312.5 0 300

First 2000 $1.00

Next 5000 $3.00

Over 7000 $8.00

Production costs per unit next quarter: Materials Units Labor cost $15.00 First 60,000 $39.00 Machinery Next 40,000 $29.00 $46.00 Next 20,000 $25.00 Plant Over 120,000 $33.00 $315.00

Rates on funding in quarter 2 Short-term 1912% 2-year loan 1850% 3-year loan 1792% Bond 1699% Preferred 2295%

Interest due next quarter: Short-term Intermediate Bonds $0 $83.03 $33.60

Capital budgeting projects for next quarter: Life A B 2-yr 3-yr Cost $659.28 $513.43 Unit Capacity Overhead Saving Unit Labor sav., Change/Qtr. Qtr.2 Labor Sav. 100 120 $15.34 $0.82 -$8.10 $0.85 $0.03 -$0.01