Segregation

How have African-Americans worked to end segregation, discrimination, and isolationto attain equality and civil rights?

World 15 Company 2
Year 5 Quarter 3 CONSOLIDATED BALANCE SHEET 11-14-2013
C BUSINESS POLICY GAME, 6TH EDITION 13:31:12
Copyright (c) 2010 by Richard V. Cotter and David J. Fritzsche
—————————————————————————-
Consoli- Merica Merica Merica
dated Area 1 Area 2 Area 3 Sereno
M$000s M$000s M$000s M$000s Ps000s
—– ASSETS —–
Cash Balance 2957 0 2719 0 1639
Time Certificates of Deposit 0 0 0 0 0
Accounts Receivable 2681 683 841 731 2938
Inventory 696 266 56 113 1796
Total Current Assets 6334 949 3616 844 6373
Net Sales Office 1324 343 343 343 2031
Net Manufacturing Plant 6178 0 2806 0 23233
Net Manufacturing Equipment 1781 0 967 0 5610
Equity in Subsidiaries 0 0 7828 0 0
Other Investments 2000 0 2000 0 0
Total Fixed Assets 11283 343 13944 343 30874
Total Assets 17617 1292 17560 1187 37247

—– LIABILITIES —–
Accounts Payable 1588 147 1021 142 1913
Bank Loans 0 0 0 0 0
Taxes Payable 182 0 111 0 490
Total Current Liabilities 1770 147 1132 142 2403
Bonds Outstanding 1800 0 1800 0 0
Total Liabilities 3570 147 2932 142 2403
Capital Stock 9500 885 9500 951 33822
Accumulated Earnings 5128 260 5128 94 1022
Accum. Foreign Cur. Adjust. -581 0 0 0 0
Total Equity 14047 1145 14628 1045 34844
Total Liabilities & Equity 17617 1292 17560 1187 37247
—————————————————————————-
Notes: Translation Exchange Rate 1.00 1.00 1.00 6.89
Minor differences in translation may be due to rounding errors.
Equity translated at historical exchange rates, others at current rates.
Total Equity accts of subs are consolidated with parent’s Equity in Subs.

World 15 Company 2
Year 5 Quarter 3 CONSOLIDATED CASH FLOW ANALYSIS 11-14-2013
B BUSINESS POLICY GAME, 6TH EDITION 13:31:12
Copyright (c) 2010 by Richard V. Cotter and David J. Fritzsche
—————————————————————————-
Consoli- Merica Merica Merica
dated Area 1 Area 2 Area 3 Sereno
M$000s M$000s M$000s M$000s Ps000s
Operating Receipts:
Accounts Collected 5380 1439 1748 1472 4968
CD Interest 0 0 0 0 0
Net Sales to Affiliates 0 0 2039 0 2701
Sales to Liquidators 0 0 0 0 0
Subsidiary Dividends Rec’d 0 0 0 0 0
Operating Expenditures:
Interest Paid 45 0 45 0 0
Production Cost 2744 0 2349 0 2724
Purchases from Affiliates 0 1170 0 1261 0
Operating Expense 1884 437 616 424 2804
Taxes Paid 268 0 195 0 502
Net Operating Cash Flow 439 -168 582 -213 1639
Investment Receipts:
CDs Matured 0 0 0 0 0
Fixed Assets Sold 0 0 0 0 0
Investment Expenditures
CDs Purchased 0 0 0 0 0
New Equipment 0 0 0 0 0
Sales Office Investment 0 0 0 0 0
Plant Investment 0 0 0 0 0
Subsidiary Stock Purchased 0 0 327 0 0
Other Investments 0 0 0 0 0
Net Investment Cash Flow 0 0 -327 0 0
Financing Receipts:
Loans from Bank 0 0 0 0 0
Stock Sold to Parent 0 132 0 195 0
Bond Sale 0 0 0 0 0
Stock Sale 0 0 0 0 0
Financing Expenditures:
Dividends Paid 100 0 100 0 0
Dividends to Parent 0 0 0 0 0
Bank Loans Repaid 0 0 0 0 0
Bonds Repurchased 200 0 200 0 0
Stock Repurchased 0 0 0 0 0
Net Financing Cash Flow -300 132 -300 195 0
Beginning Cash Balance 2818 36 2764 18 0
Net Cash Flow for Quarter 139 -36 -45 -18 1639
Cash Balance End of Quarter 2957 0 2719 0 1639
—————————————————————————-
Notes: Translation Exchange Rate 1.00 1.00 1.00 6.89
Minor differences in totals & translation may be due to rounding errors.
Purchases from Affiliates consolidated with Sales to Affiliates.
Dividends to Parent consolidated with Dividends from Subsidiaries.
Stock sold to Parent consolidated with Stock Purchased in Subsidiaries.

World 15 Company 2
Year 5 Quarter 3 CONSOLIDATED INCOME STATEMENT 11-14-2013
A BUSINESS POLICY GAME, 6TH EDITION 13:31:12
Copyright (c) 2010 by Richard V. Cotter and David J. Fritzsche
____________________________________________________________________________
Consoli- Merica Merica Merica
dated Area 1 Area 2 Area 3 Sereno
M$000s M$000s M$000s M$000s Ps000s
Net Sales:
to Customers 5220 1366 1682 1461 4896
to Affiliates (cost + 20%) 0 0 2039 0 2701
to Liquidators (at cost) 0 0 0 0 0
Less Cost of Goods sold 2853 951 2531 1148 4504
Less Value Added Tax 71 0 0 0 490
Gross Profit 2296 415 1190 313 2603
Selling Expense:
Advertising Expense 202 50 50 50 360
Sales Salaries 139 33 48 36 152
Sales Commissions 127 34 46 37 71
General Selling Expense 608 130 162 138 1223
Transportation Expense 334 164 21 138 73
Sales Office Depreciation 12 3 3 3 19
Total Selling Expense 1421 414 330 402 1898
Admin and General Expense:
Research and Development 1 0 1 0 0
Total Training Expense 257 0 257 0 0
Storage Expense 17 3 1 0 92
Executive Compensation 260 30 89 30 765
Other Expense 10 0 10 0 0
Total Adm & Gen Expense 545 33 358 30 857
Total Operating Expense 1967 447 688 432 2755
Operating Profit (Loss) 329 -32 502 -119 -152
Other Income:
CD Interest 0 0 0 0 0
Capital Gain (Loss) 0 0 0 0 0
Other Expense:
Loan Interest 0 0 0 0 0
Bond Interest 45 0 45 0 0
Net Profit (Loss) Before Tax 284 -32 457 -119 -152
Less Income Tax 111 0 111 0 0
Net Profit (Loss) After Tax 173 -32 346 -119 -152
Foreign Currency Adjustment 220
Comprehensive Income(Loss) -47 -32 346 -119 -152
____________________________________________________________________________
Tax Loss Carry-Forward -109 0 -366 -941
Notes: Translation Exchange Rate 1.00 1.00 1.00 6.89
Minor differences in translation may be due to rounding errors.
Purchases from Affiliates is consolidated with Sales to Affiliates.
Dividends to Parent is consolidated with Dividends from Subsidiaries.

World 15 Company 2
Year 5 Quarter 4 CONSOLIDATED BALANCE SHEET 11-18-2013
C BUSINESS POLICY GAME, 6TH EDITION 15:54:42
Copyright (c) 2010 by Richard V. Cotter and David J. Fritzsche
—————————————————————————-
Consoli- Merica Merica Merica
dated Area 1 Area 2 Area 3 Sereno
M$000s M$000s M$000s M$000s Ps000s
—– ASSETS —–
Cash Balance 444 0 444 0 0
Time Certificates of Deposit 700 0 700 0 0
Accounts Receivable 2180 642 701 623 2562
Inventory 2238 680 695 731 1578
Total Current Assets 5562 1322 2540 1354 4140
Net Sales Office 1188 340 340 340 2012
Net Manufacturing Plant 4708 0 2780 0 23041
Net Manufacturing Equipment 2184 0 860 0 15821
Equity in Subsidiaries 0 0 9276 0 0
Other Investments 2000 0 2000 0 0
Total Fixed Assets 10080 340 15256 340 40874
Total Assets 15642 1662 17796 1694 45014

—– LIABILITIES —–
Accounts Payable 1849 152 1316 137 2914
Bank Loans 0 0 0 0 0
Taxes Payable 56 0 20 0 427
Total Current Liabilities 1905 152 1336 137 3341
Bonds Outstanding 1800 0 1800 0 0
Total Liabilities 3705 152 3136 137 3341
Capital Stock 9500 1235 9500 1611 42717
Accumulated Earnings 5160 275 5160 -54 -1044
Accum. Foreign Cur. Adjust. -2723 0 0 0 0
Total Equity 11937 1510 14660 1557 41673
Total Liabilities & Equity 15642 1662 17796 1694 45014
—————————————————————————-
Notes: Translation Exchange Rate 1.00 1.00 1.00 11.95
Minor differences in translation may be due to rounding errors.
Equity translated at historical exchange rates, others at current rates.
Total Equity accts of subs are consolidated with parent’s Equity in Subs.

World 15 Company 2
Year 5 Quarter 4 CONSOLIDATED CASH FLOW ANALYSIS 11-18-2013
B BUSINESS POLICY GAME, 6TH EDITION 15:54:42
Copyright (c) 2010 by Richard V. Cotter and David J. Fritzsche
—————————————————————————-
Consoli- Merica Merica Merica
dated Area 1 Area 2 Area 3 Sereno
M$000s M$000s M$000s M$000s Ps000s
Operating Receipts:
Accounts Collected 4610 1325 1541 1355 4646
CD Interest 8 0 8 0 0
Net Sales to Affiliates 0 0 2479 0 3993
Sales to Liquidators 0 0 0 0 0
Subsidiary Dividends Rec’d 0 0 0 0 0
Operating Expenditures:
Interest Paid 45 0 45 0 0
Production Cost 3297 0 2982 0 3760
Purchases from Affiliates 0 1218 0 1595 0
Operating Expense 1929 457 711 420 4069
Taxes Paid 152 0 111 0 490
Net Operating Cash Flow -805 -350 179 -660 320
Investment Receipts:
CDs Matured 0 0 0 0 0
Fixed Assets Sold 0 0 0 0 0
Investment Expenditures
CDs Purchased 700 0 700 0 0
New Equipment 908 0 0 0 10854
Sales Office Investment 0 0 0 0 0
Plant Investment 0 0 0 0 0
Subsidiary Stock Purchased 0 0 1754 0 0
Other Investments 0 0 0 0 0
Net Investment Cash Flow -1608 0 -2454 0 -10854
Financing Receipts:
Loans from Bank 0 0 0 0 0
Stock Sold to Parent 0 350 0 660 8895
Bond Sale 0 0 0 0 0
Stock Sale 0 0 0 0 0
Financing Expenditures:
Dividends Paid 0 0 0 0 0
Dividends to Parent 0 0 0 0 0
Bank Loans Repaid 0 0 0 0 0
Bonds Repurchased 0 0 0 0 0
Stock Repurchased 0 0 0 0 0
Net Financing Cash Flow 0 350 0 660 8895
Beginning Cash Balance 2856 0 2719 0 1639
Net Cash Flow for Quarter -2413 0 -2275 0 -1639
Cash Balance End of Quarter 444 0 444 0 0
—————————————————————————-
Notes: Translation Exchange Rate 1.00 1.00 1.00 11.95
Minor differences in totals & translation may be due to rounding errors.
Purchases from Affiliates consolidated with Sales to Affiliates.
Dividends to Parent consolidated with Dividends from Subsidiaries.
Stock sold to Parent consolidated with Stock Purchased in Subsidiaries.

World 15 Company 2
Year 5 Quarter 4 CONSOLIDATED INCOME STATEMENT 11-18-2013
A BUSINESS POLICY GAME, 6TH EDITION 15:54:42
Copyright (c) 2010 by Richard V. Cotter and David J. Fritzsche
____________________________________________________________________________
Consoli- Merica Merica Merica
dated Area 1 Area 2 Area 3 Sereno
M$000s M$000s M$000s M$000s Ps000s
Net Sales:
to Customers 4289 1284 1401 1247 4270
to Affiliates (cost + 20%) 0 0 2479 0 3993
to Liquidators (at cost) 0 0 0 0 0
Less Cost of Goods sold 2159 804 2759 977 5157
Less Value Added Tax 36 0 0 0 427
Gross Profit 2094 480 1121 270 2679
Selling Expense:
Advertising Expense 55 15 15 15 120
Sales Salaries 130 33 48 36 152
Sales Commissions 103 31 37 30 60
General Selling Expense 530 131 158 134 1278
Transportation Expense 382 195 17 164 66
Sales Office Depreciation 11 3 3 3 19
Total Selling Expense 1210 408 278 382 1695
Admin and General Expense:
Research and Development 75 0 75 0 0
Total Training Expense 451 12 257 0 2171
Storage Expense 27 15 1 6 65
Executive Compensation 219 30 91 30 814
Other Expense 24 0 24 0 0
Total Adm & Gen Expense 796 57 448 36 3050
Total Operating Expense 2006 465 726 418 4745
Operating Profit (Loss) 89 15 395 -148 -2066
Other Income:
CD Interest 8 0 8 0 0
Capital Gain (Loss) 0 0 0 0 0
Other Expense:
Loan Interest 0 0 0 0 0
Bond Interest 45 0 45 0 0
Net Profit (Loss) Before Tax 52 15 358 -148 -2066
Less Income Tax 20 0 20 0 0
Net Profit (Loss) After Tax 32 15 338 -148 -2066
Foreign Currency Adjustment 2766
Comprehensive Income(Loss) -2734 15 338 -148 -2066
____________________________________________________________________________
Tax Loss Carry-Forward -94 0 -514 -3007
Notes: Translation Exchange Rate 1.00 1.00 1.00 11.95
Minor differences in translation may be due to rounding errors.
Purchases from Affiliates is consolidated with Sales to Affiliates.
Dividends to Parent is consolidated with Dividends from Subsidiaries.