Problem Set #2: Chemalite Case 1. Record the effects of Chemalite’s 1991 events on the BSE worksheet Cash Flow type (O‚ I‚ F) Event Cash A/R 375‚000 F P1 (7‚500) I P2 (62‚500) I P3 (75‚000) O P4 230‚000 - O O O O O O I F - T1 T2 T3 T4 T5.1 T5.2 T6 T7.1 T7.2 O1 O2 O3 O4 O5 Total (23‚750) 685‚000 69‚500 (175‚000) (22‚500) (350‚000) (80‚000) (150‚000) 50‚000 (50‚750) Inventory 75‚000 75‚000 Patent Cap. Exp. PPE 125‚000 7‚500 62‚500
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Assignment for Chemalite‚ Inc. Part A: Financial statements for Chemalite‚ Inc. 1) Balance Sheet as at 12/31/2003 | | | ASSETS | | | Current Assets | | | Cash | | $113‚000 | Accounts Receivable | | 69‚500 | Inventory | | 55‚000 | Total Current Assets | | 237‚500 | Machinery | | 201‚875 | Prototype | | 23‚750 | Intangible Assets | | 100‚000 | TOTAL ASSETS | | 563‚125 | | | | LIABILITIES AND SHAREHOLDERS’ EQUITY | | | Current Liabilities
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EXECUTIVE SUMMARY In the case of Chemalite‚ Inc. we analyzed the financial data provided by one of the largest stockholders of the company‚ Bennett Alexander‚ and the company’s bookkeeper. According to given expenditures‚ transactions‚ cash outflows and other related financial information; we prepared transaction journals‚ T-accounts‚ income statements‚ statements of financial position and statements of cash flows for the six months ended June 30‚ 2003 and for the year ended December 31‚ 2003. We
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1. What are the factors that likely explain the difference between Microsoft’s market value of equity and its reported book value of equity? Market value is the price at which an asset would trade in a competitive auction setting. Book value is the value of an asset according to its balance sheet account balance. The big difference is the inability to record certain intangible assets for example: brand value‚ human capital… these assets would provide earnings growth in the future and as far as
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Instructions for Chemalite Paper Utilizing the information in the Chemalite case‚ the team should record all of the transactions into the accounting equation. Then‚ the team should create the four financial statements as of the end of the first year of operations. The financial statements should be in good form and be attached to the paper. The paper should have a cover sheet that lists the name of the case‚ the names of the team members‚ and the date the paper is due. The paper should
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PEPPERDINE UNIVERSITY THE GEORGE L. GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT PROFESSOR CHUCK MCPEAK MBAM-633.13 WORKING CAPITAL MANAGEMENT SPRING 2006 SESSION B WEDNESDAY 8AM-NOON MALIBU SYLLABUS WORKING CAPITAL MANAGEMENT MBAM-633.13 SPRING 2006 SESSION B Wednesday 8AM-Noon Malibu Office (310) 506-4875 Professor Chuck McPeak Home (310) 545-6921 217 23rd St. FAX (310) 546-7671 Manhattan Beach CA 90266 Email
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CHEMALITE‚ INC. (B) Cash Flow Analysis 1991 1992 Mangesh Pansare‚ Rajesh Chavan‚ Shekhar Tewari‚ Vinay Thakker‚ Ranjan Prakash‚ Prajay Kumar Group 2 Executive Summary Bennett Alexander founded Chemalite‚ Inc. in the late 1990. The first year of operations has been very successful. In a meeting held in January 1992‚ the shareholders of the company approved moving the production facility to a larger location to support expanding sales. The shareholder meeting ended with a decision to meet
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accounting) | | | Post-session assignment | Case study on applying GAAP in business | | Session 4-6 | Pre-session preparation | Read Accounting Terminologies & Chemalite Case of Harvard | Surprise test | | Session | Analysis of GAAP Case | Group discussion on the worked out case | | | Accounting cycle through Chemalite Case | Recording transactions through the accounting cycle. | | Post-session assignment | Browse through Annual Report | | Session 7-9 | Pre-session preparation
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Individual Assignment #1: The Accounting Cycle Bob’s Chocolate Chips and More‚ a bakery specializing in gourmet pizza and chocolate chip cookies‚ started business on October 1‚ 2011. The following transactions occurred during the month. 1. The company issued 6‚000 shares of common stock at $15 per share. 2. The company acquired office equipment on October 1 for $30‚000 cash. The equipment was used for administrative tasks. 3. The company purchased $15‚000 of ingredients on
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