MLH Holdings - Week 1 Report
Major Lee Hung
I'm back to full activity and would like to contribute to eNorway. I'm going to restart this weekly series, where I donate 20% of all my profits to the eNorwegian treasury as a voluntary 'tax' based on my own financial performance. I've changed the format to look at things 'per unit' rather than what was a weekly cash flow. It makes things a lot easier for me and hopefully helps others understand the margins on companies.
The sales figures are currently completely speculative as I'm about to put the tanks on the market. The VAT gains will probably be gradual over the course of the week.
Plans for this week
• Hire more employees
• Assign WAM to more WRM companies
• Increase tank production significantly - up to 40% more
• Investigate the profitability of the housing industry
MLH Holdings - high level stats
Employee wages: $230.00
Total taxes to eNorway: $3,345.23
Cash reserves: $11,003.63 (Gain of $11,003.63)
Q7 Tanks
Unit production cost: $13.53 (Produced in Hungary)
Unit retail price: $18.80 (Sold in Norway)
Unit VAT (1% - Norway): $0.19
Units produce
😛3,128
Q1 Airplanes
(Suspended - currently unprofitable)
Unit production cost: $35.66 (Produced in Romania)
Unit retail price: $29.90 (Sold in Norway)
Unit VAT (1% - Norway): -
Units produce
😛-
Total profit/loss
Work as manager: $-2,135.70
-
Q7 Tanks: $+15,890.24
$5.08 profit per tank
-
Taxable profit: $+13,754.54
20% eNorway tax: $-2,750.91
-
Total profit: $+11,003.63
Comments
Money donated to treasury (doesn't accept decimals, had to round...) & offers updated on the markets!
gieb muni
I'm glad to see competition on eNorwegian market. Currently your tanks are 2nd cheapest in eRep. But I'll fight your price! 🙂
Good work.! Let them see it`s poosible to make good domestic business! To many people believe it`s not possible
Q7 cost calculation:
WRM - $6.00 (because it's easy to sell 200 WRM at 0,03)
Labor - $11.50 (employee wage 230 NOK divided by 20 tanks at 100% bonus)
I'm getting $17.50 in result.
How did you get $13.53?
I use WAM to produce all of my WRM. That cost is reflected in the WAM bit in the bottom section.
What is "WAM"?
Got it. Work as manager.
I wouldn't merge WRM and Q7 production like that. It happened many times that Q7 production by itself wasn't profitable. I don't have enough employees to cover all my factories therefore when Q7 is not profitable I don't produce tanks
Yeah, the price fluctuations are a lot more difficult to predict than they used to be and wages seem only to be rising. I made a lot of my money stockpiling Q7 tanks and then selling them once a tournament was announced - shame they don't really do events like that anymore!
I work on daily profit theory. If something doesn't make a profit - better fight somewhere 🙂
This is awesome. Thanks for doing this.