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    Chemalite, Inc.

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    ChemaliteInc. Bennett Alexander is correct when he believes that things are going well. The point to this case study is to explain to the stockholders in ChemaliteInc. that the new business is in fact a good investment. Mr. Larson (stockholder with little business experience) states‚ “…six months ago‚ we had $375‚000 and now we have $230‚000. By my reckoning‚ we’ve managed to lose $145‚000 in six months and haven’t much to show for it.” Before Mr. Larson ever invested‚ a professional

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    Chemalite Inc

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    Income Statement - 1H03 A B 1 ChemaliteInc. 2 Income Statement from January 1‚ 2003 to June 30‚ 2003 3 4 Sales $0 5 Cost of Sales $0 6 Gross Profit $0 7 Depreciation Expenses $0 8 Operating Expense ($7‚500) 9 Net Income ($7‚500) 10 Cash Flows - 1H03 A B 1 ChemaliteInc. 2 Cash Flows Statement from January 1‚ 2003 to June 30‚ 2003 3 4 Cash flows from Operating Activities 5 Cash collections $0 6 Cash payments for purchases ($75‚000) 7 Cash payments for

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    Chemalite, Inc.

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    ChemaliteInc. Bennett Alexander has invented a glow light using a series of chemicals into a contraption he calls Chemalites. He starts up his business by getting $500‚000 from investors and he tries to put his invention on the market. But by the end of 2003‚ with operations in full swing for a good six months‚ ChemaliteInc. is seeing its cash balance drop tremendously‚ which Alexander and his investors view as a negative. Even though they thought their business was doing well‚ the numbers

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    Chemalite Inc.

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    milestones. We have managed to incorporate a solid company‚ Chemalite Inc.‚ which will continue to its successful growth in the future. In the first half of 1991‚ our company has incurred minimal incorporation and preoperational expenses. The company invested in the main assets of the company such as machinery and inventory items which were partly purchased within this period as well as the patent for the production technique to produce Chemalites. The Company hasn’t gone into production within the

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    Chemalite Inc.

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    CHEMALITEINC. | Financial Report | Period of January‚ 2003 1 to June 30‚ 2003 | Financial report of ChemaliteInc. for six months period ended June 30‚ 2003 is to include cash transaction‚ income statement and balance sheet. This report will also to include comment on Chemalite‚ Inc’s actual loss for the period. | In early 2003‚ ChemaliteInc. was established by Bennett Alexander to market his invention‚ Chemalite‚. During the first six months‚ ChemaliteInc. was preparing for initial

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    Chemalite Inc - study case

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    EXECUTIVE SUMMARY In the case of ChemaliteInc. 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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    Chemalite, Inc (B)

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    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 P3 (62‚500) I (75‚000) O P4 230‚000 Inventory Patent Cap. Exp. PPE 125‚000 7‚500 62‚500 125‚000 7‚500 62‚500 Notes Pay Paid in Capital RE 500‚000 RE Explanation 75‚000 75‚000 - 500‚000 - Balance Sheet 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

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    Chemalite Case Study

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    THE GEORGE wASHINGTON UNIVERSITY | Case Study- ChemaliteInc. | EMSE 6430 : Finance For Engineers | | 11/8/2012 | | ChemaliteInc. Assume during 2003‚ you had been retained as a management consultant to ChemaliteInc.‚ specifically to Bennett Alexander‚ principal stock holder and CEO. He wanted your help and advice. He needed your assistance on the issues below. Your counsel and two written reports were requested: The first report covers the 1st six months of operations.

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    Chemalite Case

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    Journal Entries for Jan 1‚ 2003 to Dec 31‚ 2003 1/2 | Cash | | 375000 | | | | Capital Stock | | 375000 | 1/2 | Patent | | 125000 | | | | Capital Stock | | 125000 | 1/15 | Inc. Expenses | | 7500 | | | | Cash | | 7500 | 6/15 | PPE | | 62500 | | | | Cash | | 62500 | 6/24 | Inventory | | 75000 | | | | Cash | | 75000 | 7/1 | Service Expense | | 23750 | | | | Cash | | 23750 | 12/31 | Account Receivables | | 69500 | | | Cash | | 685000 | |

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    Chemalite Case Study

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    Assignment for ChemaliteInc. Part A: Financial statements for ChemaliteInc. 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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