65320654 play time toy company financials
DESCRIPTION
bbnmmTRANSCRIPT
PLAY TIME COMPANYSCHEDULE OF INVENTORY
1991
(A) + (B) ‐ (C) = (D)Beginning Cost of Finished Cost of Ending
Month Balance Goods Completed (a) Goods sold (b) Balance
January $530 $489 $70 $948February 948 489 82 1,355 March 1,355 489 94 1,749 April 1,749 489 81 2,157 May 2,157 489 81 2,564 June 2,564 489 81 2,971 July 2,971 489 94 3,365 August 3,365 489 950 2,904 September 2,904 489 1,079 2,314 October 2,314 489 1,254 1,549 November 1,549 489 1,340 697 December 697 489 656 530
$5,865 $5,865
Notes: (a) Total Cost of Good Sold under level production divided into 12 months. (b) Monthly COGS at 65.1667% of sales, reflecting the $435,000 labor savings
~ ~ ~
i- ~
i:.
'i Q. ~
8. ~
gi:
0 -
~ i:
.....
ii i:
.,. I=
~o ... CD
t: !a ëó
CD
r¡
.. ..
CD
Q.
~ i:
... (I
r¡ ..
r¡ 0
~. ~ 5i ;'
~ ~
.. '"
¡:š
0~ §
l: ..
¡: ~ ~ i:
"". _.
i: '"
~ (
I.. Q.
go §
(I Q.
(' Cl
o "l
I: -
o ~
~. ~
(' 'i
~ a
i: Q.
l: i:
a a
J=h ~.
~ g
i: ...
Cl r¡
~ r
So
;ia
...o
~~. 0
i: "l
~ (
I.. ¡:
o
c: n
'- '- ~
~ s.
~ g
;a
(IC
l (I
Q. I
:c: Q.
~ 0
~ ..
s- g;
pe CD
à g
¡D a
. i: l: r¡ l: 'i (I t5 CD a l: ~ g, .. i: (I ~
~ :e Cl ~ tt ~'
"
... i: ~ "l (I l: ti Cl Q.
ti .. o "l l: ii (I l: i: Q.
b" § ~ S' ~ g r¡ .. r¡ ä i: - - o ~ ao Cl
.. Q.
g; S"
Cl CD
tt i:
g. go
s' a
~ 0
i ~ =
S" g
;.: Cl
ci 0"
~ ~.
"l ti
~ 0 ..
a- ;;
"l Cl
æ. i
:: a
~ 0
g å
i: 0
g; ~
'! ~ (I i: .. o .:
~ e:
~ ~
Cl O"
"l ~
~ Ì=
S' ~
~ ..
ti ~
~ s.
~ ~
r¡ -
Cl (
ten
r¡
S. ~
~ (
I'k a-
~ O" -
b ii
o t:
o ~
~ ~
ii S'
r¡ ~
~ ~
Cl .
.Q
. ~~ ~
(I b
E-
~e: s:
r¡ l:
:: "l
... ei
i i:'
.. r¡
Cl Q. ~ i: g. i: .. ;; (t ~ i: :-
~ (I l: r¡ I Q.
~ o i: r¡ .. l: I: .. Cl
;ì ~
CD .:
o a
"" 0
o I:
9 ..
o t:
o o
~ .. (I ¡J
2: CD ~ "C l" o :: ~ ,- i: '- ,- o I- o ~ '- ~ ~ ~ '- ,- o ~ m '- ,- o I" ~ '- ,- o I- o I; '- ,- o I' o H
: '- .. o I' o o '- o ~ o I; o ~ i: o o I; I' $. o ~ i+ .. o I' o m o i: I' i+
~ CD p, CD l" ~ ~ (' o S CD ~ ~ ,- i: ¡; '- "' i; I- '- ,- H: ~ '- "' c: ~ '- ,- i; ¡; '- ,- c: ¡; '- "' c: ~ '- I- o H:
1= l. ~ I- ~ l. I- .. ~ c: H: l. ~ c:
Fd I= I; i: ~ 0- CD ~ l" CD .. ~ CD r;
o ~
"t 0
~ (
Il: IJ
0: ::
~ 0
t: ~
~ "0 CD i: IJ CD (I ~
"' I- i: H: '-
I- ei
~ ao
,- I- i: o '-I" H:
~ $.
H:
,- I' H:
Oi '-
I' i:
~ I-
m
"' I- i: i+ '-I-
~~ ~
"' I- Oi ~ '-
I" ~
~ ~
~
,- I" 01 .. '-N
l ~S H:
,- I' c: ~ '-~ 01
o I-
I;
I; o ..~ 01
o 0
I' ao
ei .. ao~ ~
ao m
i+ .. mI- m
~ ..
c: I"
01 l. mI'
..~
I'I-
..
I- ~ oI-
~~
c:
o 0
.. .. ~l. I;
~ 1-
Oi I
;m
i:
ö Z
I; CD
IJ ..
~ 00
~ æ
.C' ~
o o i: IJ 00 o - i: ,- eo
.. 1=
o 0 00 *
00 I-
Nl Nl m o
~ I-
$. i+ i: o
00 I
'I'
~ Oi o
00 I
'I' Nl c: o
00 I
'I' Nl i: *
~ I-
$. i+ 01 *
~ I-
01 ~
o 01 00
I' ~
b ~
.. i:
~ i: *
I' I'
~ ~
c: ~
i+ 01
I' * Nl
~ b
~ c
:o
.. *m
I"i:
bm
0 m
01 * ~
òo b
m 0
i: 0
i: ~ I' ~ ~ ~ ~ :s E § CD ~ ~ ~ CI
CD I' ¡+ o (' :t 2: ~ 1. CD r ~ o ~ a.
'i :: o ." o :: s: ): z n o s: m '1
en i
.. ):
): ..
.. .. ::
~ m
:s.. š: m
': m
..O
Z 0
O..
..o
c ('
(J z
0- s:
C '1
m )
:JJ
Zr' -(
m -= m r' '" JJ o C c n -I o Z
PLAY TIME TOY COMPANYCASH BUDGET UNDER LEVEL PRODUCTION
1991 ($ OOOs)
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Cash Inflows:ColIection of AI $1,778 $850 $108 $126 $145 $125 $125 $125 $145 $1,458 $1,655 $1,925
Cash Outflows:Payment of Al 255 225 225 225 225 225 225 225 225 225 225 225Tax Payments 0 0 80 31 0 31 0 0 32 0 0 32Repayment ofLong-term debt 0 0 0 0 0 25 0 0 0 0 0 25Operating Expenses 192 194 196 197 199 20Jl 203 201 198 195 191 190Wages 264 264 264 264 264 264 264 264 264 264 264 264
Total $711 $683 $764 $717 $688 $746 $691 $689 $719 $683 $680 $736
Net Inflow (Outflow) 1,067 167 (656) (591) (543) (621) (566) (564) (574) 775 975 1,189Beginning Cash 175 562 730 175 175 175 175 175 175 175 175 175
Ending Cash beforeany Loan Incr. Deer. 1,242 730 73 (416) (368) (446) (391) (389) (399) 950 1,150 1,364
Desired Cash Balance 175 175 175 175 175 175 175 175 175 175 175 175
Loan (Repayment)
Increase -680 0 102 591 543 621 566 564 574 (775) (975) (1,189)End-of-month Loan 0 0 102 693 1,236 1,856 2,423 2,987 3,561 2,786 1,811 622End-of-month Cash $562 $730 $175 $175 $175 $175 $175 $175 $175 $175 $175 $175
_W__N ..NQv~90 Dec~90 Jåi~9fNteb~9rMar~91A.2ra91Maya9I;.~~:~~~iil~9i Au.ga~ÜSepa91 Octa91 Nova91 Dec-91MQllthlySales $1.,778 $850 $108 $126 $145 $125 $125 $125 $145 $1,458 $1,655 $1,925 $2,057 $1,006
AIEndingBalance (a) $2,628 $958 $234 $271 $270 $250 $250 $270 $1,603 $3,113 $3,580 $3,982 $3,063
CashInfows $1,778 $850 $108 $126 $145 $125 $125 $125 $145 $1,458 $1,655 $1,925
Notes:(a) Assumed a 60aday collection period.
PLAY TIME TOY COMPANYCASH BUDGET UNDER LEVEL PRODUCTION
1991 ($ OOOs)
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Net Income ($102) ($99) ($96) ($102) ($103) ($104) ($100) $203 $250 $314 $347 $106
(Inc.) Deer. AI 1,670 724 (37) 1 20 0 (20) (1,333) (1,510) (467) (402) 919
(Ine.)Deer. Inventory (418) (407) (394) (407) (407) (407) (394) 461 590 766 852 167
Inc. (Deer.) NP (30) 0 0 0 0 0 0 0 0 0 0 0
Inc. (Deer.) Accr. Tax (53) (51) (129) (83) (53) (84) (52) 104 97 162 179 22
Inc. (Deer.) L-T Debt 0 0 0 0 0 (25) 0 0 0 0 0 (25)
Net Inc. (Deer) in Cash $1,067 $167 ($656) ($591) ($543) ($621) ($566) ($564) ($574) $775 $975 $1,189
Beginning Cash 175 562 730 175 175 175 175 175 175 175 175 175Ending Cash beforeany Loan Inc. or Rep. $1,242 $730 $73 ($416) ($368) ($446) ($391) ($389) ($399) $950 $1,150 $1,364
Desired Cash Balance 175 175 175 175 175 175 175 175 175 175 175 175
Loan (Repayment) Inc. (680) 0 102 591 543 621 566 564 574 (775) (975) (1,189)End of Month Loan 0 0 102 693 1,236 1,856 2,423 2,987 3,561 2,786 1,811 622End of Month Cash . $562 $730 $175 $175 $175 $175 $175 $175 $175 $175 $175 $175
PLAY TIME TOY COMPANYPRO FORMA BALANCE SHEET UNDER LEVEL PRODUCTION
1991 ($ OOOs)
ActualDec-9O Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
AssetsCash $175 $562 $730 $175 $175 $175 $175 $175 $175 $Ì75 $175 $175 $175Accounts Receivable (a 2,628 958 234 271 270 250 250 270 1,603 3,113 3,580 3,982 3,063Inventory (b) 530 948 1,355 1,749 2,157 2,564 2,971 3,365 2,904 2,314 1,549 697 530
Current Assets 3,333 2,469 2,319 2,195 2,602 2,989 3,396 3,810 4,682 5,602 5,304 4,854 3,768Net Plant & Equip. 1,070 1,070 1,070 1,070 1,070 1,070 1,070 1,070 1,070 1,070 1,070 1,070 1,070
Total Assets $4,403 $3,539 $3,389 $3,265 $3,672 $4,059 $4,466 $4,880 $5,752 $6,672 $6,374 $5,924 $4,838
Liabilities & Net Worth
Accounts Payable (c) 255 225 225 225 225 225 225 225 225 225 225 225 225Notes Payable (d) 680 0 0 102 693 1,236 1,856 2,423 2,987 3,561 2,786 1,811 622Accrued Taxes (e) 80 27 (24) (153) (236) (289) (374) (425) (321) (224) (62) 116 139Long-term debt
Current Portion (0 50 50 50 50 50 50 50 .50 50 50 50 50 50
Current Liabilities 1,065 302 251 224 732 1,222 1,758 2,272 2,941 3,612 2,999 2,202 1,036
Long-term Debt 400 400 400 400 400 400 375 375 375 375 375 375 350
Shareholders'Equity (h 2,938 2,836 2,737 2,641 2,540 2,437 2,333 2,233 2,436 2,686 3,000 3,346 3,452
Total Liabilities& Equity $4,403 $3,539 $3,389 $3,265 $3,672 ,$41959 $4,466 $4,880 $5,752 $6,672 $6,374 $5,924 $4,838
,, (" '-"-
"-z
ee 0 C
"C
D rn
~ O
O~
Otd
rn S- P' P' P'
i: 1' C" rn ::
CD P' CD p- ~
("aq
~~o-
c: CD (" ;S. 0
-i (" CD i: 1'
CD 0 rn 1'
~rnr
n~o
. &r £ CD ~.
P' r
n 1'
::1' p- P' CJ
CD 1-. ~ rn
~ ~.
*~.
rn ::
Ci,~
~ -
i I-
~~ ~ ~ ~
0. C
D 0
~C
"o.o
p'o
1-. i
- aq
1- . :: CD CD
:: S
~ *
~ P
' ~ ~
CD 1' :: 0
P' ~
o.0
OO
CD
CD
OCD C"1'~
0- g
. i-
g~ i-CD 0
01 CD ~ p-
~ rn i- 1--
P' ~
~C
§:: i: 0 (c
0. ::
. 0. ~
I- c: ~
o CD ("
~ u
: 0:
~ P' 0
~. C
" ::
:: '"
C" :- P'
p- C
l ::
CD ~ 0.
rn' 1--
CD
C"
(" ~-
o rn
&. ~ rn
P' ~
&. s
CD
g: 0.
1- -
1' 0. rn (" CD :: P' :: .
o rn
z ~ i- 00 I 'z ~ 00
~~ ~
Z~z zs
:~
i- ~ .~ ¡~ 1'G i- ~~ ;~ ~ '~
a: ~
:~~
~--
. ~
00 '-
~ C ~ ~ ~ ~ 00 -- ~ '-
'G ~ Z ~ 00
o ~ ¡~ '~ ~t: p.
p. ~
~ ~
C ~
i- ~
5 ~
, ,~
Ig) i
.~ 'G
00 ~ Z ~ 00
i- ~'0
~¡.
i-'0
~'0
~:t
i-'~
~0
~i-
i+~
~tD
e.0
i+~
0t.
i-i+
00
0'0'
0~
e.1-
.i-
0 l: rK
~ Ql
c. Q
Cl ~ ~ ?- a: ~ ? , a: ~ c. i:
¡ ~I ~I ~I it i
I' ~ o ~ ~ z ~ eJ ~
~ Q Q~ Q
l Q~ Q
l Q~ Q Q
. I- gQ
Ql Q
I- Q Q~ Q
l QgJ
1i ,i ~ -( -i š:oi
men -i o -( o o š: "U ~ Z
"U -(
JJ o C C o :: o zff
ff
ff f
f~
l t
z z
t: t:
i- i-
"' "'
~ ~
"i "i
~ ~
§ t
~..
t.t.
~~
..Q
1=
Q1
=Q
1=
Q1
=e
~g
gg
~g
gI:
e=
Ql
!'
~ ~
~ ~"
""00 m "C !" o (' !" z o :. t: ~
~t ~ ~
00 8
-- --
~LAY TIME TOY COM~ANYPRODUCTION
4000
1000
~'
~.
i
J.. ~II ;:i Ii ~I ,.
.~
I I .,
I ff¡¡dI !"" !i ?i ?oI ?i ::),: I I I I i
1\I \I \I \~\\\\\.\\\
3500
3000
2500
2000
1500
~Inventory (L)..NIP(L)
\ I\ I
~500
Mar. Apr. May June .J1llY A1,g. Sept. Oct. Nov. Dec.MONTH
1800T.................................................................................................................................................................................................................................................................................
-.... ..\\\\\\\.II
1600
1400lI
I
I
I
I
I
I
I
I
I
L
)I
II
I
1200
1000
800 l
600
""
400
200
- - -~Feb.
"".........June JulyMONTH
~yiApr.Mar. Aug. Sept.
ow
Oct. Nov. Dec.
., Inventory (8)
II NIP (8)
4000
I ~ AI (L) I· II NIP (L)
3500
*.,
~ß.::;x?:;:
~"x"x
Iil /1:/
/f/ ~
ri !!j/.. *
II11//
rii/
3000
Jq/ \/ ('/ \
\\\\\.\\\\ :\ !
Ii? I I I,,: I
2500
2000
1500
1000
500
"'..Mar. Apr. May June Jqiy Aqgo Sept. Oct.
MONTHNov. Deco
~'"
~~
~~
ijg
0Q
10
Q1
0~
00
gg
g8
gg
8
" " 'l..
....
.. .
00 ..
I , I. ~ " " "
~ ~ o () !' z ~ t: ~
H ~ ~
00 00
'- '-
4000
3500
3000
2500
2000
1500
1000
500
. .. . .
. . . ..
~t/ ¡¡ ,
iI //'" I//11//
)I///
....,.,.iø,....
................
Nov, Dec,
-:: -.- _.AI (L)II Inventory (L)
"'NfP (L)
oJan.
,,.
,,,
,,,
,,
,,.
,,
,,,
..
,.,
,,
,,.
.,
Feb. Mar. Apr. May June JulyMONTH
Sept. Oct.Aug.
~ ~ 00 ~ l" o o l" z ~ t: ~
....
~~
c:c:
,¡ø
Q1
øQ
1ø
Q1
ø8
gg
gg
gg
" " ",,~
"r"
t\ i l : ,
ii . I I I , I I I + i \ l ~-
~ -1--
----
----
..---
----
- -- -
- ,--
;1 .
Hi
z'" Ï!
~ ~
~'" iÐ '"
00 = 00
~ õ..
.. ~
" " " " \fl "
""",
",",
",",
""",
",