Case Motorcycle Dealer SPEEDRACER Together with a friend you start a business, "SPEEDRACER" for buying and selling of motorcycles. You rent an office for 105,000 pa. Equipment and furniture costs 100,000, a company bus costs 150,000. The inventory has a value of 130,000 (13 motorcycles costing 10,000 each). For computers and networks for the company 80,000 must be invested. The owners invest their own capital of 600,000 (6,000 shares with a nominal value of 100, 3,000 per owner) and borrow 250,000 from a bank. For the first fiscal year the following business events are planned: Create: There are 12 employees. The total labor costs per month for all will amount to 40,000. SPEEDRACER plans to buy motorcycles for 10,000 per unit and to sell them for 12,000 a unit. In the plan year 600 motorcycles are bought and 500 sold. Payment to suppliers is delayed three months on average, the payment received from the customer two months. All fixed assets are depreciated 5 years. In April, a garage is to be bought for 200,000. (full year depreciation) The loan has an interest rate of 10% per annum, payable every quarter. The repayment period is 25 years, in equal parts at year end. One of the founding partners decides to leave the company and sell his shares for 350,000. 1,000 new shares will be issued at a nominal value of 100 and sold for 160 per piece in September. For this a new software will be purchased for 120,000. (full year depreciation) A dividend of 5 per share will be paid in December. Taxes on profit are 25% to be paid end of the year. -An opening balance sheet - A plan P & L - A plan Cash Flow Statement - A plan closing balance sheet - A financial plan