capital: Assets Current assets Cash $ 10 172.00 Inventories $ 2 800.00 Prepaid Expenses $ 1 428.00 Total Current assets: $ 14 400.00 Lone Pine Cafe Balance sheet As of November 2‚ 2009 Liabilities and Owners’ equity Current liabilities Notes payable‚ bank $ 69 000.00 Total Liabilities and Owners’ equity: $ 69 000.00 Lone Pine Cafe Balance sheet As of March 30‚ 2010 Liabilities and Owners’ equity Current liabilities Accounts payable $ 1 583.00 Notes payable‚ bank $
Premium Generally Accepted Accounting Principles Balance sheet Revenue
SOLUTION FOR LONE PINE CAFE CASE: A)Each of the partners contributed $16000 cash to the partnership and agreed to share in their profits proportionally to what they had invested which amounts to 1/3rd of the total profit. Therefore‚ each Owner’s equity : $16000 cash They signed a one year lease at a nearby cafe called the Lone pine cafe and agreed to pay a rent of $ 1500 every month. The partners borrowed $21000 from the bank . They used $35000 out of their partnership money and
Premium Balance sheet Asset Generally Accepted Accounting Principles
recognized. Wages expense is recognized as incurred‚ not when paid. March’s utility bill is an expense of March when the obligation was incurred. Income tax provision relates to pretax income. Must be matched with related income. Case 3-2: Lone Pine Café (B) Note: This case is unchanged fro the Tenth Edition. Approach This case introduces students to preparation of an income statement based on analyzing transactions. At this stage‚ students are not expected to set up accounts in the formal
Premium Revenue Expense Income statement
Case 2-3 Lone Pine Cafe (A)* Karamoy‚ Claudya Loria‚ Karla Uy‚ Casandra Alexis Allan Quijano ENT603M 1. Prepare a balance sheet for the Lone Pine Cafe as of November 2‚ 2001. LONE PINE CAFE BALANCE SHEET AS OF NOVEMBER 2‚ 2001 Assets Current Assets Cash……………………………………………………………$10‚ 172 Inventory………………………………………………………. 2‚ 800 Prepaid Expense……………………………………………… 1‚ 428 Total current assets……………………………………….
Premium Balance sheet Generally Accepted Accounting Principles Liability
Address: Jl. Kampung Bali XV/No.2 Jakarta Pusat - 10250 Mobile : +62-081317170114 +62-817-5100-114 Email : tientien_na@yahoo.com Christina Dameria Objective Seeking a dynamic career in Management‚ Operations‚ Administration and Clerical fields. 7 October 2012 – 6 February 2013‚ United Nations Development Program (UNDP) of Strengthening Access to Justice in Indonesia (SAJI) Project Support Specialist for Event Administrator (short term contract) • To prepare administrative and logistic for
Premium Indonesia Malay language Contract
Analysis for Lone Pine Café The Lone Pine Café case involves a partnership of three people who initially invested $16‚000 cash each in the venture. The first transaction resulted in a one year lease being signed for $1‚500 per month or $18‚000 per annum. The owners occupied quarters above the Café. No rental amount was assigned to this apace. The owners then borrowed $21‚000 from a local bank and then utilized $35‚000 of the initial capital invested in the firm to purchase $53‚200 of
Premium Generally Accepted Accounting Principles Balance sheet Asset
Pines are trees in the genus Pinus (pron.: /ˈpaɪnəs/)‚[1] in the family Pinaceae. They make up the monotypic subfamily Pinoideae. There are about 115species of pine‚ although different authorities accept between 105 and 125 species. Contents [hide] * 1 Etymology * 2 Taxonomy‚ nomenclature and codification * 3 Distribution * 4 Morphology * 4.1 Foliage * 4.2 Cones * 5 Ecology * 6 Uses * 6.1 Food uses * 7 See also * 8 Notes * 9 References * 10 Bibliography *
Premium Pine
Cyber Café Network Solution 1. Introduction Cyber Café Network Solution 1 Since the emergence of the first cyber café in the early 1990s‚ cyber cafes have become very popular worldwide. In cyber cafes‚ people can enjoy entertainment‚ conveniently communicate with each other‚ and get the latest information from the world. Cyber cafes use different operation modes and various services. Users in cyber cafes can access Internet services‚ video chat with friends‚ play network games‚ watch films and
Premium
town of Hammond‚ Connecticut declared towering pines a wilderness preserve in 1968. At one time‚ towering pines was a beautiful two hundred acre wilderness preserve. It was home too many 250 year old White Pine trees‚ dating back too the 18th century. The trees stood up too 150 ft. tall with walking trails laid out for tourists and residential people. The trees also stood as a scientist resource for Botanists and science students. When Towering Pines Charter was written in 1968‚ it stated: WHEREAS
Premium Pine
options to hedge the of investors’ investment (Pine street capital). 2. What risks does PSC want to hedge and what risks is PSC willing to bear? Why? How would hedge these risks on July 26 using a short-sale strategy? What problems arise with the short-sale strategy? One of the common investment strategies for Hedge Funds is to leverage those risks that they understand and hedge the risks where they feel they do not have enough expertise. Pine Street Capital specialized in the technological
Premium Hedge fund Short Investment