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Micro Chip Computer Corporation

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Micro Chip Computer Corporation
Natasha Shoaf
American Intercontinental University

Micro Chip Computer Corporation

In 2004 the sales were 11,062 the growth was 0. In 2005 the sales were 11,933 and the growth

was 7.87%. In 2006 sales were 9,181 and the growth was -23.06%. In 2007 the sales were 6,141

and the growth rate for this year was -33.11%. In 2008 sales were 8,334 and the growth rate was

35.71%.

The target figure is 10% more than the 2008 sales price of $8,334. I don’t think the company

will likely be able to make their sales goal. There was a significant growth rate that happened in

2008. It happened again the previous 3 years in 2005. It was negative in 2006 and 2007. With

this being said the trend of sales is still downward. I found that the average growth is -3.5%.

After looking at the data presented Micro Chip will not be able to increase its sales by 10% in the

year 2009.

Since Micro Chips sales were only 8,334, next year shows sales as 20% more than that figure;

which is 10,000. Sales for Micro chip were 8,334 and it was estimated at 10,000. Cost of sales

was 5,458 the percent of sales was 65.5%, and the estimate was 6,550. Gross margin was 2,876,

percent of sales was 34.5% and the estimate was 3,450. R&D was 525, the percent of sales was

6.3% and the estimate was 630. S,G, and A is 691, percent of sales is 8.3%, and the estimate is

830. Total Operating expense was 1,216 and estimate was 1,600. Operating Income is 1,660 and

the estimate is 1,790. The total interest and other Income Net is 194, percent of sales is 2.32%,

and the estimate was 1,790. Income before provision for income taxes is 1,854 and the estimate

was 2,022. Provision for income taxes is 278.10 and the estimate was 303.30. The net Income is

1,575.90 and the estimate was 1718.70

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