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    Chemalite Inc

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    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 operating expenses

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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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    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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    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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    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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    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 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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    Cash Flows

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    Cash Flows Aleshia Wisch ACC206: Principles of Accounting II Prof. Eric Sumners August 11‚ 2014 ACC 206 Week Assignment 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions‚ such as the exchange of common stock for a building for example‚ included on a statement of cash flows? How are these noncash transactions disclosed? It is important for a company to show what assets they have on hand that can convert to cash. Non cash transactions are disclosed

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    Cash Flow

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    Statement of Cash Flows Learning Objectives 1. Identify the purposes of the statement of cash flows 2. Classify activities affecting cash as operating‚ investing‚ or financing activities 3. Compute and interpret cash flows from financing activities 4. Compute and interpret cash flows from investing activities 5. Use the direct method to calculate cash flows from operations 6. Use the indirect method to explain the difference between net income and net cash provided

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