NFT Consulting and Sales Inc
		Post Closing Trial Balance
		October 31, 2018
Cash		$ 304,900
Accounts Receivable		76,580
Allowance for Uncollectible Accounts			$ 5,690
Supplies		56,500
Inventory		68,596
Prepaid Insurance		57,890
Land		260,000
Building		550,000
Accumulated Depr Building			25,650
Office Equipment		856,850
Accumulated Depr Office Equip			22,500
Computer Equipment		556,500
Accumulated Depr - Computer Equip			10,250
Accounts Payable			56,560
Utilities Payable			16,850
Wages Payable			58,950
Interest Payable			25,000
Long term Note Payable			390,000
Mortgage Payable			406,800
Common Stock ($1 par, 1,000,000,			400,000
shares authorized, 400,000 issued
and outstanding)
Retained Earnings			1,369,566
		$ 2,787,816	$ 2,787,816

PLANNED ASSET ACQUISITIONS
Reminder that the companys fiscal year is November 1 through October 31.
Asset	Cost	Useful life	Salvage Value	Depreciation Method	Purchase Date
Land	100,000	N/A	N/A	N/A	1-Nov-18
Building	465,500	30	15,500	Straight line	1-Nov-18
Office Equipment	150,500	4	10,500	Straight line	1-Apr-19
Delivery Equipment	200,000	6	20,000	production	1-May-19
Additional information related to the $200,000 delivery equipment purchase: It is ESTIMATED that the equipment will be ABLE TO DRIVE 150,000 total miles over its lifetime. To complete the depreciation schedule, PRESUME that the actual miles driven for its useful life are as indicated below. Also, round depreciation expense per unit to the nearest cent and depreciation expense to the nearest dollar.
	Year 1	12,560
	Year 2	32,560
	Year 3	31,650
	Year 4	29,850
	Year 5	26,500
	Year 6	22,350
		155,470

NFT Consulting and Sales Inc

Cash Received/Annual Cash Payment Requirement

The company could issue $2,000,000 of long-term bonds, due in 5 years with a stated rate of interest, paid semiannually, of 4%. The market rate for similar debt is 6%.

Cash Received

Annual Cash Required

Face amount

Face rate

Interest Payment periods

Interest Payment

Term

Periods

Market rate

PV factors used

single sum

annuity

PV face

PV interest

The company could issue $1,500,000 of long-term bonds, due in 4 years with a stated rate of interest, paid semiannually, of 8%. The market rate for similar debt is 6%.

Cash Received

Annual Cash Required

Face amount

Face rate

Interest Payment periods

Interest Payment

Term

Market rate

PV factors used

single sum

annuity

PV face

PV interest

The company could issue 400,000 additional shares of $1 par value common stock for $4 per share The company will begin paying a dividend to ALL the common shareholders of $0.12 per share and this will continue into the future.

Cash Received

Annual Cash Required

number of existing shares

number of new shares

total shares at year end

market price

Dividend rate

Dividend period

PIC year end

PIC > par year end

PARTIAL BALANCE SHEETS
The company could issue $2,000,000 of long-term bonds, due in 4 years with a stated rate of interest, paid semiannually, of 4%. The market rate for similar debt is 6%.
The company could issue $1,500,000 of long-term bonds, due in 4 years with a stated rate of interest, paid semiannually, of 8%. The market rate for similar debt is 6%.
The company could issue 400,000 additional shares of $1 par value common stock for $4 per share The company will begin paying a dividend to ALL the common shareholders of $0.12 per share and this will continue into the future.