2. My Ngoc Kuempel
Roaring Glitter
Aging Accounts Receivable Schedule
October 31, 2008
Estimated Estimated
A/R Percent Amount
Age Interval Balances Uncollectible Uncollectible
Not yet due $1,267,500 2.70% $34,223
1 - 30 days past due $96,500 4.50% $4,343
31 - 60 days past due $58,972 11.60% $6,841
61-90 days past due $21,650 27.30% $5,910
91 - 180 days past due $39,500 38.40% $15,168
181 - 365 days past due $29,734 63.10% $18,762
Over 365 days past due $19,940 92.00% $18,345
Totals $1,533,796 $103,591
Overall Percent Uncollectible 6.75%
3. My Ngoc Kuempel
Roaring Glitter
Comparative Balance Sheets
October 31, 2007 and 2008
( In Thousands $ )
Comparative Common-size
Assets 2008 2007 $ Change % Change 2008 2007
Current Assets $94,000 $80,000 $14,000 17.50% 13.24% 28.07%
Property Plant and Equipment $616,000 $205,000 $411,000 200.49% 86.76% 71.93%
Total Assets $710,000 $285,000 $425,000 149.12% 100.00% 100.00%
Liabilities and Stockholder's Equity
Current Liabilities $130,000 $16,500 $113,500 687.88% 18.31% 5.79%
Long-term Liabilities $480,000 $60,000 $420,000 700.00% 67.61% 21.05%
Stockholder's Equity $100,000 $208,500 $(108,500) -52.04% 14.08% 73.16%
Total Liabilities and Stockholders' Equity $710,000 $285,000 $425,000 149.12% 100.00% 100.00%
In the past year, total assets from 2007 to 2008 increased by $425,000 ; total liabilities and stockholders equity from 2007 to 2008
increased by $425,000. Current assets percentage change (17.50%) has not kept up with current liabilities percentage change
(18.31%). If this trend continues, management may want to reconsider converting some long term assets to current assets to maintain
liquidity.
4. My Ngoc Kuempel
Data Source
Fighter Freight Passenger
Beginning Inventory (planes), Nov 1 1,150 887 735
Desired inventory (planes), Oct 31 880 348 100
Expected sales volume (planes): Data Source for Jet
Russia 520 250 458
Israel 835 375 475
United States 1,565 950 2,750
Unit sales price(in thousands) $57,250 $36,800 $48,500
Roaring Glitter
Sales Budget
For the Month Ending October 31
Product and Area Sales Volume Selling Price Total Sales
Fighter
Russia 520 $57,250 $29,770,000
Israel 835 $57,250 $47,803,750
United States 1,565 $57,250 $89,596,250
2,920 $167,170,000
Freight
Russia 250 $36,800 $9,200,000
Israel 375 $36,800 $13,800,000
United States 950 $36,800 $34,960,000
1,575 $57,960,000
Russia 458 $48,500 $22,213,000
Israel 475 $48,500 $23,037,500
United States 2,750 $48,500 $133,375,000
3,683 $178,625,500
Total Revenue from all sales $403,755,500
5. My Ngoc Kuempel
Roaring Glitter
Production Budget
For the Month Ending October 31
Fighter Freight Passenger
Sales units 2,920 1,575 3,683
Plus: Desired Ending Inventory 880 348 100
Total Units needed 3,800 1,923 3,783
1,150 887 735
Total Production units 2,650 1,036 3,048
Israel Sales
%
Fighter $47,803,750 56.48%
Freight $13,800,000 16.30%
Passenger $23,037,500 27.22%
$84,641,250 100.00%
6. My Ngoc Kuempel
Roaring Glitter
Dollars Sales for Israel
$60,000,000
$50,000,000
$40,000,000
Sales
$30,000,000
$20,000,000
$10,000,000
$-
Fighter Freight Passenger
Type of Planes
7. My Ngoc Kuempel
Roaring Glitter
Fighter Jet Cost Volume Profit Analysis
Data Source
Fighter Jet Cost
Hanger Rental (yearly cost) $36,000,000 (Fixed Cost)
Machine Cost (yearly cost) $69,000,000 (Fixed Cost)
Labor Cost $12,500,000 per jet (Variable Cost)
Material Cost $25,000,000 per jet (Variable Cost)
Overhead Cost $9,000,000 per jet (Variable Cost)
Selling Price $57,250,000
Contribution Margin CM/units $10,750,000 per unit
Breakeven in Units BE/units 10 units
Breakeven in $ BE units * SP $559,186,047
Targeted Profit $5,000,000
Targeted Units 10 units
Targeted Sales in $ Targeted units * SP $585,813,953