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Showing most liked content on 11/21/2017 in Posts

  1. 2 points
    STATEMENT OF PURPOSE Commercial Food, Inc. seeks a loan of $75,000 to establish a new business. This sum together with $5,000 equity investment by the principals will be used as follows: Merchandise inventory $25,000 Office fixture/equipment 12,000 Warehouse equipment 14,000 One delivery truck 10,000 Working capital 39,000 Total $100,000 DESCRIPTION OF THE BUSINESS Commercial Foods, Inc. will be a distributor of specialty food service products to hotels and upscale restaurants in the geographical area in a 50 mile radius of Roseport. Richard Roberts will direct the sales effort and John Williams will manage the warehouse operation and the office. One delivery truck will be used initially with a second truck added in the third year. We expect to begin operation of the business within 30 days after securing the requested financing. MANAGEMENT A. Richard Roberts is a native of Memphis, Tennessee. He is a graduate of Roseport State University with a Bachelor's degree from the School of Business. After graduation, he worked for a major manufacturer of specialty food service products as a detail sales person for five years and for the past three years, he has served as a product sales manager for this firm. B. John Williams is a native of Roseport. He holds a B.S. Degree in Food Technology from the University of Tennessee. His career includes five years as a product development chemist in gourmet food products and five years as operations manager for a food service distributor. Both men are healthy and energetic. Their backgrounds complement each other which will ensure the success of Commercial Foods, Inc. They will set policies together and personnel decisions will be made jointly. Initial salaries for the owners will be $1,000 per month for the first few years. The spouses of both principals are successful in the business world and earn enough to support the families. They have engaged the services of Foster Jones, CPA, and William Hale, Attorney to assist them in an advisory capacity. PERSONNEL The firm will employ one delivery truck driver at a wage of $8.00 per hour. One office worker will be employed at $7.50 per hour. One part-time employee will be used in the office at $5.00 per hour. The driver will load and unload his own trucks. Mr. Williams will assist in the warehouse operation as needed to assist one stock person at $7.00 per hour. An additional delivery truck and driver will be added the third year. LOCATION The firm will lease a 20,000 square foot building at 3003 Avondale Ave., in Roseport, which contains warehouse and office areas equipped with two-door truck docks. The annual rental is $9,000. The building was previously used as a food service warehouse and very little modification to the building will be required. PRODUCTS AND SERVICES The firm will offer specialty food service products such as soup bases, dessert mixes, sauce bases, pastry mixes, spices, and flavors, normally used by upscale restaurants and nice hotels. We are going after a niche in the market with high quality gourmet products. There is much less competition in this market than in standard run of the mill food service products. Through their work experiences, the principals have contacts with supply sources and with local chefs. THE MARKET We know from our market survey that there are over 200 hotels and upscale restaurants in the area we plan to serve. Customers will be attracted by a direct sales approach. We will offer samples of our products and product application data on use of our products in the finished prepared foods. We will cultivate the chefs in these establishments. The technical background of John Williams will be especially useful here. COMPETITION We find that we will be only distributor in the area offering a full line of gourmet food service products. Other foodservice distributors offer only a few such items in conjunction with their standard product line. Our survey shows that many of the chefs are ordering products from Atlanta and Memphis because of lack of adequate local supply. SUMMARY Commercial Foods, Inc. will be established as a foodservice distributor of specialty food in Roseport. The principals, with excellent experience in the industry are seeking a $75,000 loan to establish the business. The principals are investing $25,000 as equity capital. The business will be set up as an "S" Corporation with each principal owning 50% of the common stock in the corporation. PRO FORMA INCOME STATEMENT Attached is a three year pro forma income statement we believe to be conservative. Also attached are personal financial statements of the principals and a projected cash flow statement for the first year. 1st Year 2nd Year 3rd Year Gross Sales 300,000 400,000 500,000 Less Allowances 1,000 1,000 2,000 Net Sales 299,000 399,000 498,000 Cost of Goods Sold 179,400 239,400 298,800 Gross Margin 119,600 159,600 199,200 Operating Expenses Utilities 1,200 1,500 1,700 Salaries 76,000 79,000 102,000 Payroll Taxes/Benefits 9,100 9,500 13,200 Advertising 3,000 4,500 5,000 Office Supplies 1,500 2,000 2,500 Insurance 1,200 1,500 1,800 Maintenance 1,000 1,500 2,000 Outside Services 3,000 3,000 3,000 Whse Supplies/Trucks 6,000 7,000 10,000 Telephone 900 1,000 1,200 Rent 9,000 9,500 9,900 Depreciation 2,500 2,000 3,000 Total Expenses 114,400 122,000 155,300 Other Expenses Bank Loan Payment 15,000 15,000 15,000 Bank Loan Interest 6,000 5,000 4,000 Total Expenses 120,400 142,000 174,300 Net Profit (Loss) (800) 17,600 24,900 FINANCIAL STATEMENT I Assets Liabilities Cash 15,000 1991 Olds 11,000 Unpaid Balance 8,000 Residence 140,000 Mortgage 105,000 Mutual Funds 12,000 Credit Cards 500 Furniture 5,000 Note Payable 4,000 Merck Stock 10,000 182,200 117,500 Net Worth 64,700 182,200 182,200 FINANCIAL STATEMENT II Assets Cash 5,000 1992 Buick Auto 15,000 Unpaid Balance 12,000 Residence 120,000 Mortgage 100,000 U.S. Treasury Bonds 5,000 Credit Cards 500 Home Furniture 4,000 Note Payable 2,500 AT&T Stock 3,000 147,000 115,000 Net Worth 32,000 147,000 147,000
  2. 1 point
    Here are the stream notes for Identity's twitch stream on November the 21st. Remember - Certain elements are subject to change, especially specific numbers, etc... Drug Addiction: There will be an addiction system when it comes to drugs, and different drugs are more/less addicting than others. Drugs may give stamina advantages, or allow users to perform actions faster. Buffs acquired through drugs will be minimal as to not make a severe impact on PVP scenarios. New Staff: There is a new game developer called McWolf and a new developer archer for UI. Backpacks: They want to not have giant backpacks necessary for inventory space, as they look horrible to wear, as in Altis Life. Logo Creation: There is a logo creator to make logos for clothes you make, so you can make unique logos for corporation clothes, and other clothes. Motown mentioned it's somewhat similar to APB: All Points Bulletin. Sports: There will not be any big sports that would take the building of a whole different game to add such as NFL. Things that require simple physics, such as a soccer ball can be added, however. Third Person View: At the moment there will be the third person system where you can look around corners. Private servers will likely have the option to have a first person only mode. Licences: Anything that requires a licence will be more or less a tutorial. Licences are not meant to prevent you from doing something, but instead to just teach you how to do it, such as driving safely. Things such as drivers licences will cost money to buy. RP: On official servers, RP will not be mandatory, but in community servers, you can set your own rules on it. Mods: Modding isn't a top priority, and will likely be implemented sometime after full release. The devs acknowledge modding is a good thing for games and can keep them alive for years longer, and are great for improving gameplay on custom servers. Community Server Police Force: Community servers can set their own ranking system in the police force, and choose their own ranks. Off Duty Cops: Off-duty cops will not be able to wear uniform or drives police vehicles, to show a distinct difference between the police who are a danger for criminals, and normal civilians. Undercover cops: Undercover cops are not planned for official servers. Sewer System: Motown is intrigued by the idea of having sewers or an underground system in place to allow criminals to travel around. Nothing like this is currently planned, but it may make it into the final game if the other devs like the idea. Bank Robbery: You will be able to murder your accomplices to get yourself a bigger cut in the robbery if you want. Friendly Fire: This isn't planned as no one in identity is meant to be your friend. With Cops, however, there may be no friendly fire, as the official servers do not want corrupt cops as this can easily ruin gameplay. Court: There will be a court and if your prison sentence is more than 15 mins you can request a court case, with lawyers and a public jury where the community can be summoned to help as a jury. The judge will be an NPC in this scenario and the players who are summoned to listen to your case will determine your fate. Lawyers will be useful for those who do not want to use their microphone, those who don't want to speak, or those without microphones. Speed Limits: There will be speed limits, and cops who can see your speed when sitting on the side of the road. Cops can ticket you for speeding. System Requirements: The system requirements are unknown at the moment, but the devs believe around a 750/750ti will be the minimum. Explosions: Explosions will be kept minimal in identity, meaning you likely won't be able to explode world props such as propane tanks. Bullet Drop: There will be bullet drops, and the ballistic system is close to real life. Ricochet: There will be bullet ricochet off certain objects, and different bullets will pass through different materials. Limb damage: This is planned, for example, if you are shot in the leg, you will have a limp. Police Cars: Police cars will have different sirens and different types of flashing lights which the driver can control. Police Stations: Police stations will have rooms specifically for roleplay, such as offices and interrogation rooms (mainly for community servers), a gun range and an armoury. Detectives: The whole point of detectives is to collect info from the crime scene. Data you find on the scene can be taken to the forensic lab of the precinct and you will be given a general area the criminal is in, and from there it is up to you to locate him. Police Uniforms: These will not be very customisable, and police officers will mainly look the same. Your rank will be displayed on your uniform to show off if you are a superior to others in the police force.
  3. 1 point
    Hey there, the devs said that they would like to put diseases in the game but it won't be until after launch unfortunately but it will be a great mechanic when they do implement it.
  4. 1 point
    Where df are you getting these numbers from
  5. 1 point
    I've applied for the role of CFO. I look forward to hearing from you in the future!
  6. 1 point
    Sadly, that map posted above is very much out of date. The current geometry and layout of Identity's world has changed vastly beyond that conceptual map. However, Identity's world will be based on the Carolina states in the United States. Ash Hill represents something similar to Beverly Hills. More wealthy and a lot cleaner. Turtle Beach represents Myrtle Beach. and Roseport represents a mixture of places like New York which will be much more compact and run down, a slum of sorts. While there are no real good pictures showcasing these locations, quick google searches can help get a general idea of how the cities will look.