Business Reporting Paper
ddc75
ExecutiveCompensation_DerrekW2BSA1051.xlsxExecutive Compensation
| Nora Mollie Estate | ||||||||
| $ 25,000,000 | ||||||||
| Position | Last Name | First Name | # Shares | Annual Salary | Bonus | Retirement Contribution | Car & Housing Allowance | Total Annual Compensation |
| President and CEO | Carter | Derrek | 22.7 | $ 227,000 | $ 250,000 | $ 18,160 | $ 50,000.00 | $ 545,160 |
| Chief Financial Officer (CFO) | Robinson | Robert | 18.2 | $ 182,000 | $ 125,000 | $ 14,560 | $ 50,000.00 | $ 371,560 |
| Chief Information Officer (CIO) | Frazier | Wanda | 17.5 | $ 175,000 | $ 125,000 | $ 14,000 | $ 50,000.00 | $ 364,000 |
| VP of Marketing | Woodson | Tonya | 12.5 | $ 125,000 | $ 87,500 | $ 7,500 | $ 32,500.00 | $ 252,500 |
| VP of Product Development | Walton | Wayne | 12.5 | $ 125,000 | $ 87,500 | $ 7,500 | $ 32,500.00 | $ 252,500 |
| Controller | Hudson | Marsha | 8.5 | $ 85,000 | $ 50,000 | $ 4,250 | $ 4,250.00 | $ 143,500 |
| VP of International Operations | Marshall | Nora | 12.5 | $ 125,000 | $ 87,500 | $ 7,500 | $ 32,500.00 | $ 252,500 |
| VP of Sales | Moore | Darryl | 12 | $ 120,000 | $ 87,500 | $ 7,200 | $ 32,200.00 | $ 246,900 |
| Director of US Operations | Johnson | Thomas | 9.2 | $ 92,000 | $ 50,000 | $ 4,600 | $ 4,600.00 | $ 151,200 |
| Director of South Africa Operations | Patrick | Ashley | 9.2 | $ 92,000 | $ 50,000 | $ 4,600 | $ 4,600.00 | $ 151,200 |
| Director of Mexico Operations | Ragland | Frank | 9.2 | $ 92,000 | $ 50,000 | $ 4,600 | $ 4,600.00 | $ 151,200 |
| Director of South America Operation | Briggs | Clifton | 9.2 | $ 92,000 | $ 50,000 | $ 4,600 | $ 4,600.00 | $ 151,200 |
| Total Per Catergory | 153.2 | $ 1,532,000.00 | $ 1,100,000.00 | $ 99,070.00 | $ 302,350.00 | $ 3,033,420.00 | ||
| Prepared By: | Derrek | Carter |
2020 Financials
| Nora Mollie Estate | Nora Mollie Estate | Nora Mollie Estate | |||||||||||
| Income Statement | Balance Sheet | Cash Flow Statement | |||||||||||
| For the year ended December 31, 2020 | December 31, 2020 | Decemeber 31, 2020 | |||||||||||
| Revenue | Assests | Liabilities | Operating Cash Flow | ||||||||||
| Sales Revenue | $ 15,650,000 | Cash | $ 31,000,000 | Accounts Payable | $ 45,000 | Net Earning | $ 6,943,373 | ||||||
| Cost of Goods Sold (COGS) | $ 2,700,000 | Accounts Receiveable | $ 94,000 | Debt | $ 9,800,000 | Plus: Depreciation & Amortization | $ 120,000 | ||||||
| Gross Profit | $ 12,950,000 | Inventory | $ 13,000,000 | Total Liabilities | $ 9,845,000 | Less: Change in Working Capital | $ 450,000 | ||||||
| Expenses | Property & Equipment | $ 560,000 | Cash from Operations | $ 6,493,373 | |||||||||
| Salaries and Benefits | $ 3,033,420 | Shareholder Equity | |||||||||||
| Rent & Overhead | $ 1,000,500 | Equity Capital | $ 27,000,000 | Investing Cash Flow | |||||||||
| Depreciation & Amortization | $ 120,000 | Retained Earnings | $ 22,000,000 | Investments in Property & Equipment | $ 220,000 | ||||||||
| Interest | $ 7,000 | $ 44,654,000 | Total Liabilities and Shareholder Equity | $ 58,845,000 | Cash from Investing | $ 220,000 | |||||||
| Total Expenses | $ 4,160,920 | ||||||||||||
| Earnings Before Tax | $ 8,789,080 | ||||||||||||
| Taxes | $ 1,845,707 | ||||||||||||
| Net Earnings | $ 6,943,373 | ||||||||||||
Rev Executive Compensation
| Nora Mollie Estate | ||||||||
| $ 15,650,000 | ||||||||
| Position | Last Name | First Name | # Shares | Annual Salary | Bonus | Retirement Contribution | Car & Housing Allowance | Total Annual Compensation |
| President and CEO | Carter | Derrek | 22.7 | $ 227,000 | $ 156,500 | $ 18,160 | $ 50,000.00 | $ 451,660 |
| Chief Financial Officer (CFO) | Robinson | Robert | 18.2 | $ 182,000 | $ 78,250 | $ 14,560 | $ 50,000.00 | $ 324,810 |
| Chief Information Officer (CIO) | Frazier | Wanda | 17.5 | $ 175,000 | $ 78,250 | $ 14,000 | $ 50,000.00 | $ 317,250 |
| VP of Marketing | Woodson | Tonya | 12.5 | $ 125,000 | $ 54,775 | $ 7,500 | $ 32,500.00 | $ 219,775 |
| VP of Product Development | Walton | Wayne | 12.5 | $ 125,000 | $ 54,775 | $ 7,500 | $ 32,500.00 | $ 219,775 |
| Controller | Hudson | Marsha | 8.5 | $ 85,000 | $ 31,300 | $ 4,250 | $ 4,250.00 | $ 124,800 |
| VP of International Operations | Marshall | Nora | 12.5 | $ 125,000 | $ 54,775 | $ 7,500 | $ 32,500.00 | $ 219,775 |
| VP of Sales | Moore | Darryl | 12 | $ 120,000 | $ 54,775 | $ 7,200 | $ 32,200.00 | $ 214,175 |
| Director of US Operations | Johnson | Thomas | 9.2 | $ 92,000 | $ 31,300 | $ 4,600 | $ 4,600.00 | $ 132,500 |
| Director of South Africa Operations | Patrick | Ashley | 9.2 | $ 92,000 | $ 31,300 | $ 4,600 | $ 4,600.00 | $ 132,500 |
| Director of Mexico Operations | Ragland | Frank | 9.2 | $ 92,000 | $ 31,300 | $ 4,600 | $ 4,600.00 | $ 132,500 |
| Director of South America Operation | Briggs | Clifton | 9.2 | $ 92,000 | $ 31,300 | $ 4,600 | $ 4,600.00 | $ 132,500 |
| Total Per Catergory | 153.2 | $ 1,532,000.00 | $ 688,600.00 | $ 99,070.00 | $ 302,350.00 | $ 2,622,020.00 | ||
| Prepared By: | Derrek | Carter |
Financial Statements 5 Years
| Revenue |
| Sales Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Expenses |
| Salaries and Benefits |
| Rent & Overhead |
| Depreciation & Amortization |
| Interest |
| Total Expenses |
| Earnings Before Tax |
| Taxes |
| Net Earnings |
