Virtual Reality Park for Handicap People (VRPH)

One of the top, efficient, and trustworthy professional service providers, VPRH transforms our clients’ leisure demands to keep up with the present digital era. Within all of our branches, we are distinct in focusing helping clients overcome obstacles (Smith, 659) Due to our ability to especially serve the handicapped, we have regularly been ranked among the most admired service-based businesses in the world.

An review of our financial status during the last three to five years is what this is intended to do. Throughout this report, we are hopeful and willing to accept any advice gearing towards improving our current financial situation (Garcia-Vergara,140) Debt management mechanism is our major concern and therefore an important part of this financial report. This report will provide an estimate of our total debt verses time assuming that following our current plan as well as tips and advice on getting out of debt sooner.

VIRTUAL REALITY PARK FOR HANDICAP

CONSOLIDATED STATEMENTS OF INCOME

Fiscal Years 2016, 2015, and 2014

($ in millions)

CATEGORTIES

31 DEC 2016

31 DEC 2015

31 DEC 2014

REVENUES

Base management fees

Franchise fees

Incentive management fees

Owned, leased, and other revenue

Cost reimbursements

8

7

5

10

11

6

4

2.5

8

9

5

2

2

8

8

OPERATING COST AND INCOME

Owned, leased, and other-direct

Reimbursed costs

Depreciation, amortization, and other

General, administrative, and other

Merger-related costs and charges

12

6

7

6

9

9

5

3

6

5

6

3

4

5

4

OPERATING INCOME

Gains and other income, net

Interest expense

Interest income

Equity in earnings

5

8

9

8

4

7

7

6

2

5

3

3

INCOME(MINUS TAX)

37

32

27

NET INCOME

30

27

24

Funding request

In the recent future, VRPH company will be purchasing roller coasters and constructing several rides for the handicapped. VRPH company has substantial power needed to operate at worldwide level. Writing techniques are of great significance for an organization to survive in an international market. The VRPH is requesting funding for the handicapped people (Laver, 17) For VRPH company to be able to purchase roller coasters and construct several other rides for the handicapped pay salaries to employees and cover certain bills until revenue is increased it requires $ 150 million. These project will be completed in the next five years. In the first year VRPH company will be able to construct several rides. This roller coaster is important to VRPH company so as to be in a position to function properly and compete with our opponents globally. VRPH company is convinced that our return on investment will increase when the roller coasters are purchased and several rides have been constructed for the handicapped people. Virtual reality park for Handicapped allows to people to socially interact with one another. When we purchase of desktop virtual reality systems the handicapped on wheelchairs will be able to traverse a virtual world either in a market play or a busy road. The disabled are able to move around without obstruction in a virtual environment prior to putting it in practice in the real world. Head mounted displays will also be purchased to be used as input devices.

Financial projections

The VRPH company financial projection is to ensure in the next five years it has attained its goals. The following goals will be achieved; purchase of roller coasters, wheel chairs, cover bills and paying of employees’ salaries. The major purpose of Virtual Reality Park for Handicapped people is to allow the disabled to live an independent life when possible and to socially interact (Bozgeyikii, 169) Additionally, the disabled through VRPH company are taught basic skills such as shopping and which cooking which are taken for granted by people without disability. The VRPH company balance sheets, cash flow and income statement for the last three years have been discussed below.

Cash flow statement for Virtual Reality Park for Handicap

For year ended 31st December 2016, 31st December 2015, 31st December 2014

CASH FLOW FROM OPERATING ACTIVITIES

31st December 2016

$

31st December 2015

$

31st December 2014

$

Cash receipts from customers

17,500

15,500

13,400

Cash paid to suppliers and employees

3,400

2,200

1,600

Cash generated from operations

14,100

13,300

11,800

Net cash flow from operating activities

14,100

13,300

11,800

CASH FLOW FROM INVESTING ACTIVITIES

Additions to equipment

15, 000

14,000

13,000

Net cash flows from investing activities

15,000

14,000

13,000

CASH FLOW FROM FINANCING ACTIVITIES

Proceeds from capital contributed

17,000

15,000

13,000

Drawings

(500)

(500)

(400)

Proceed from loan

5,000

4000

3000

Payment of loan

(4,000)

(2000)

(1000)

Net cash flow from financing activities

17,500

15,500

13,400

NET INCREASE/DECREASE IN CASH

16,800

14,800

12,400

Cash at the beginning of the period

-

-

-

Cash at the end of the period

16,800

14,800

12,400

Balance sheet statement for Visual Reality Park for Handicapped

31st December 2016

Assets

$

Liabilities

$

Current assets

Current liabilities

Cash

2,100

Notes payable

5,000

Petty cash

100

Account payable

35,900

Temporary investments

10,000

Wages payable

8,500

Accounts receivable-net

40,500

Interest payable

2,900

Inventory

31,000

Taxes payable

6,100

Supplies

3,800

Warranty liability

1,100

Prepaid insurance

1,500

Unlearned revenues

1,500

Total current assets

89,000

Total current liabilities

61,000

Investments

36,000

Long term liabilities

Property, plans and equipment

Notes payable

20,000

Land

5,500

Bonds payable

400,000

Land improvements

6,500

Total long term liabilities

420,000

Buildings

180,000

Equipment

201,000

Total liabilities

481,000

Less accumulated depreciation

(56,000)

Prop. Plant $ equipment net

337,000

STOCKHOLDERS EQUITY

Common stock

110,000

Intangible assets

Retained earnings

220,000

Goodwill

105,000

Accum. Other comprehensive income

9,000

Trade names

200,000

Less treasury stock

(50,000)

Total intangible assets

305,000

Total stockholders’ equity

289,000

Other assets

3,000

Total assets

770,000

Total liabilities & stockholders’ equity

770,000

Income statements for the Years 2016, 2015, and 2014

($ in millions)

CATEGORTIES

31 DEC 2016

31 DEC 2015

31 DEC 2014

REVENUES

Base management fees

Franchise fees

Incentive management fees

Owned, leased, and other revenue

Cost reimbursements

8

7

5

10

11

6

4

2.5

8

9

5

2

2

8

8

OPERATING COST AND INCOME

Owned, leased, and other-direct

Reimbursed costs

Depreciation, amortization, and other

General, administrative, and other

Merger-related costs and charges

12

6

7

6

9

9

5

3

6

5

6

3

4

5

4

OPERATING INCOME

Gains and other income, net

Interest expense

Interest income

Equity in earnings

5

8

9

8

4

7

7

6

2

5

3

3

INCOME(MINUS TAX)

37

32

27

NET INCOME

30

27

24

sooner.

References

Smith, Matthew J., et al, Virtual reality job interviews training for individuals with psychiatric disabilities.” The journal of nervous and mental disease, (2014):659

Garcia-Vergara, Sergio, et al. “ Engaging children in play therapy: The coupling of virtual reality games with social robotics.” (2014):139-164

Laver, Kate E., et al. ”Virtual reality for stroke rehabilitation.” The Cochrane Library (2015): 17

Ke, Fengfeng, et al. (Experience of adult facilitators in a virtual reality based social interaction program for children with autism.” The journal of special Education(2015):290-300

Smith, Matthew J., et al, Virtual reality job interviews training for Veterans with pastraumatic stress disorder.” Journal of vocational rehabilitation (2015):271-279

Bozgeyikii, Lal, et al. ”VR4VR; vocational rehabilitation for individuals with disabilities in immersive virtual reality environments.”(2015):169