INPUT CAPITAL STRUCTURE AND EXPENSE INFORMATION Percent Financed-Year 1 Long Term Interest Rate Loan Term Total Plant Property & Equip Loan Amount Working Capital Short Term Interest Rate Average %debtassets 10 years Equity Information Membership Common Stock Tradeable common stock (1=yes) Revolving period (years) Dividend rate on common Prefered Stock Dividend Rate on Preferred Stock 50.00% 8.00% 10 $2,805,000 $1,402,500 $250,000 7.00% 32% $1,402,600 0.0% 12.0% Tax Information Property Tax as % of Prop and Plant Income Tax Rate 0.50% 50.00% There are also Payroll Information % of Payroll Tax to Salaries % of Retirement Tax to Salaries % of Employee INS Tax to Salaries Benefits as % of Salaries Wage Inflation 5.00% 15.00% 10.00% 30.00% 1,00% LLLLLLLLS noun Utilities Electricity/month 1,000 Water/month 250 Gas/month 1,000 Telephone/month 200 Total Utilities 2,450 Other Expense Inflation Rate 1.00% Maintenance as % of Plant & Equip 3.00% Insurance as % of Plant & Equip 2.00% Discount rate for NPV calculation 12.00% Profit Allocation (all percentages relate to before tax income) Percentage to Unallocated Reserve Percentage to Cash Patronage Refund Percentage to Qualified Stock Patraonage Refund Percentage to Non-Qualified Stock Patronage Refund 10% 50% 20% 20% 2. Aside from the cost of goods sold, what is the cooperative's largest variable expense? You can find that on the expense summary sheet. 3. What is the cooperative's largest fixed expense? 4. How much did the cooperative invest in buildings (equipment and depreciation page)? What was the total investment in land, buildings and equipment (balance sheet)? How much did the cooperative borrow to establish the business (balance sheet)? How much did the members provide in the form of membership stock (balance sheet)? How much did outside investors who purchased preferred stock provide (balance sheet)? 5. When a cooperative returns profits to its members it is call a patronage refund. Patronage refunds can be in the form of cash or in the form of stock. Stock patronage refunds can be either qualified stock or non-qualified stock. How much did the cooperative return to the members in the form of a cash patronage refund in year 1 (statement of operations)? How much did they return in the form of qualified stock patronage refunds (owners equity) How much did they receive in nonqualified stock (owners equity)