Sheet1

Play Time Toy Company

(Parameter values given in A75:F85)
Note: Annual profit not correct until
Annual net profit 537 spreadsheet is optimized!

Actual Projected for 1991

Dec 1990 Jan Feb Mar Apr May June
Production (sales value) 850 0 0 0 0 0 0
Production over capacity 0 0 0 0 0 0
Inventory over capacity 0 0 0 0 0 0
Loan change 0 0 0 0 0 0
Production over cap contraint 1049 1049 1049 1049 1049 1049
Inventory over cap constraint 957.7012 1083.701 1228.701 1353.701 1478.701 1603.701

Inventory (sales value) 813 705 579 434 309 184 59

Jan Feb Mar Apr May June

INCOME STATEMENT
Net sales 108 126 145 125 125 125
Cost of goods sold
Materials & regular wages 70 82 94 81 81 81
Overtime wages 0 0 0 0 0 0
Gross profit 38 44 51 44 44 44
Operating expenses 188 188 188 188 188 188
Inventory cost 0 0 0 0 0 0
Profit before int & taxes -150 -144 -137 -144 -144 -144
Net interest payments 10 7 5 5 6 6
Profit before taxes -160 -151 -142 -150 -150 -150
Taxes -55 -51 -48 -51 -51 -51
Net profit -106 -99 -94 -99 -99 -99

CASH BUDGET Jan Feb Mar Apr May June

Inflows
Receipt of accts receivable 1,778 850 108 126 145 125
Interest on cash 0 4 5 5 5 5

Outflows
Payment of accts payable 255 0 0 0 0 0
Tax payments 0 0 80 31 0 32
Repayment of LT debt 0 0 0 0 0 25
Operating expenses 188 188 188 188 188 188
Inventory cost 0 0 0 0 0 0
Regular wages 0 0 0 0 0 0
Overtime wages 0 0 0 0 0 0
Interest paid (loan and LTD) 10 10 10 10 10 10
Total Outflows 453 198 278 229 198 255

Beginning cash 175 1,500 2,155 1,991 1,892 1,843

Ending cash before loan 1,500 2,155 1,991 1,892 1,843 1,718

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Desired cash 175 175 175 175 175 175

Loan increase 0 0 0 0 0 0
Total loan 680 680 680 680 680 680 680
Ending cash 175 1,500 2,155 1,991 1,892 1,843 1,718

BALANCE SHEET Actual Projected for 1991

Dec 1990 Jan Feb Mar Apr May June
Cash 175 1,500 2,155 1,991 1,892 1,843 1,718
Accts receivable 2,628 958 234 271 270 250 250
Inventory 530 460 378 283 202 120 39
Net P/E 1,070 1,070 1,070 1,070 1,070 1,070 1,070
Total Assets 4,403 3,988 3,837 3,615 3,434 3,284 3,076

Accts payable 255 0 0 0 0 0 0

Notes payable 680 680 680 680 680 680 680
Accrued taxes 80 25 -26 -154 -236 -287 -370
Long term debt 450 450 450 450 450 450 425
Equity 2,938 2,832 2,733 2,639 2,540 2,441 2,342
Total liab & equity 4,403 3,988 3,837 3,615 3,434 3,284 3,076

Parameter Values

Cost of goods sold (excl OV) 0.651667

Material Purchases % of sales Wages (% of prod) 0.351667
2700 0.30 Note interest rate 0.11
Cash interest rate 0.03

Overtime cost 0.15 Warehouse 1663

Labor capacity 1049 Inventory cost 0.07
Total OV cost 0

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 Sheet1

July Aug Sept Oct Nov Dec Total

0 0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
1049 1049 1049 1049 1049 1049
1748.701 3206.701 4861.701 6786.701 8843.701 9849.701

-86 -1544 -3199 -5124 -7181 -8187

July Aug Sept Oct Nov Dec Total

145 1,458 1,655 1,925 2,057 1,006 9,000

94 950 1,079 1,254 1,340 656 5,865

0 0 0 0 0 0 0
51 508 576 671 717 350 3,135
188 188 188 188 188 188 2,256
0 0 0 0 0 0 0
-137 320 388 483 529 162 879
6 6 6 6 3 0 65
-143 314 382 476 525 163 814
-49 107 130 162 179 55 277
-95 207 252 314 347 107 537

July Aug Sept Oct Nov Dec Total

125 125 145 1,458 1,655 1,925 8,565

4 4 4 4 7 11 57

0 0 0 0 0 0 255
0 0 31 0 0 32 206
0 0 0 0 0 25 50
188 188 188 188 188 188 2,256
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
10 10 10 10 10 10 123
198 198 229 198 198 255 2,890

1,718 1,649 1,580 1,500 2,763 4,227

1,649 1,580 1,500 2,763 4,227 5,908

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175 175 175 175 175 175

0 0 0 0 0 0
680 680 680 680 680 680
1,649 1,580 1,500 2,763 4,227 5,908

July Aug Sept Oct Nov Dec

1,649 1,580 1,500 2,763 4,227 5,908
270 1,603 3,113 3,580 3,982 3,063
-56 -1,006 -2,084 -3,339 -4,679 -5,335
1,070 1,070 1,070 1,070 1,070 1,070
2,933 3,247 3,598 4,074 4,600 4,706

0 0 0 0 0 0
680 680 680 680 680 680
-419 -312 -213 -51 127 151
425 425 425 425 425 400
2,247 2,454 2,706 3,021 3,367 3,475
2,933 3,247 3,598 4,074 4,600 4,706

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