MLH Holdings - Week 3 Report
Day 3,499, 12:47
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Published in Norway 
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by
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by Major Lee Hung
CEO's Summary
There was rare good weather for much of the week, so I didn't get around to really doing anything exciting. Q7 tank prices stayed fairly high. Domestic sales however stayed relatively poor and so I had to compete with the global lowest prices, not just eNorway's lowest.
On the downside, the continued rise in global average wages are going to make a notable cut in to profits for two reasons:
• My wage rate will be rising today to put it back above the job market rates
• The 'average wage' number for all countries is going up rapidly, and I doubt this is going to slow over the next week. This impacts work tax directly.
The bottom line is that average wages (and thus work tax) are rising a lot faster than the average tank price.
Next Week's Plans
• Increase tank production
• Buy ten more rubber plantations
• Begin to move employment to Norway at world job market rates
High Level Stats
• Employee wages: $46,690
• Total taxes to Norway: $6,539.06
• Cash reserves: $51,172.15 (+$16,565.64)
As you can see, the double hit from rising average wages is slashing profitability on a per-unit scale.
Business Activity - Q7 Tanks
Unit production cost: $13.53 (Produced in Hungary)
Unit retail price: $19.27 (Sold in Norway)
Unit VAT (1% - Norway): $0.19
Units produce
Total profit/loss
Work as manager: $5,253.78
-
Q7 Tanks: $42,011.06
$5.55 profit per tank
-
Taxable profit: $+20,707.05
20% eNorway tax: $-4,141.41
-
Total profit: $16,565.64
There was rare good weather for much of the week, so I didn't get around to really doing anything exciting. Q7 tank prices stayed fairly high. Domestic sales however stayed relatively poor and so I had to compete with the global lowest prices, not just eNorway's lowest.
On the downside, the continued rise in global average wages are going to make a notable cut in to profits for two reasons:
• My wage rate will be rising today to put it back above the job market rates
• The 'average wage' number for all countries is going up rapidly, and I doubt this is going to slow over the next week. This impacts work tax directly.
The bottom line is that average wages (and thus work tax) are rising a lot faster than the average tank price.
Next Week's Plans
• Increase tank production
• Buy ten more rubber plantations
• Begin to move employment to Norway at world job market rates
High Level Stats
• Employee wages: $46,690
• Total taxes to Norway: $6,539.06
• Cash reserves: $51,172.15 (+$16,565.64)
As you can see, the double hit from rising average wages is slashing profitability on a per-unit scale.
Business Activity - Q7 Tanks
Unit production cost: $13.53 (Produced in Hungary)
Unit retail price: $19.27 (Sold in Norway)
Unit VAT (1% - Norway): $0.19
Units produce
😛3,731
Total profit/loss
Work as manager: $5,253.78
-
Q7 Tanks: $42,011.06
$5.55 profit per tank
-
Taxable profit: $+20,707.05
20% eNorway tax: $-4,141.41
-
Total profit: $16,565.64
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