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 62,500 125,000 7,500 Notes Pay 62,500 Paid in Capital RE 500,000 – 500,000 Balance Sheet 175,000 (22,500) Adv. Expense 350,000 (80,000) Admin Expenses 150,000 F 50,000 (50,000) O (750) (545,000) (25,000)
(10,625) (25,000) (10,625) 69,500 – (23,750) R&D Expense 754,500 Revenue (545,000) 113,000 RE Explanation 55,000 100,000 7,500 201,875 – 500,000 Interest Expense Inv. Adjustment Amort. Expense Depr. Expense 46,875 Balance Sheet 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Balance Sheet (6/31/91): Assets Cash Accounts Receivable Inventories Total Current Assets Property, Plant, & Equipment Other (Capitalized Start-up Expenses) Patent Total Assets Liabilities and Stockholders’ Equity Common Stock Retained earnings Total Liabilities and SE 230,000 75,000 305,000 62,500 7,500
125,000 500,000 500,000 500,000 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Income Statement (For 6 months June 30, 1991): Revenue Costs and Expenses Advertising Administration Manufacturing costs Raw materials R&D Interest Depreciation Amortization of patent – – Net Income – 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Direct Statement of Cash Flows (6 months ended June 30, 1991): Cash provided (used) by operating activities Received from customers Paid for inventory Paid for advertising Paid for manufacturing costs Paid for administration Paid for interest
The Term Paper on Total Asset Bmw Audi Debt
-vs-Management Analysis December 12, 2002 George Kantor&Julianne Crum BMW and Audi, two German automobile manufacturers, have a reputation for making some of the best cars in the industry. Not only are both companies superior in their production, but their financial statements also indicate stability and efficiency. Looking at financial ratios, we will compare both companies on a basis of ...
Paid for R&D expenses (75,000) (75,000) Cash provided (used) by investing activities Start-up expenses Purchase of PP&E (7,500) (62,500) (70,000) Cash provided (used) by financing activities Cash from stock issuance 375,000 375,000 Increase (decrease) in cash balance Beginning cash balance Ending cash balance 230,000 230,000 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Balance Sheet (December 31, 1991): Assets Cash Accounts Receivable Inventories Total Current Assets Property, Plant, & Equipment Other (Capitalized Start-up Expenses) Patent Total Assets Liabilities and Stockholders’ Equity
Common Stock Retained earnings Total Liabilities and SE 113,000 69,500 55,000 237,500 201,875 7,500 100,000 546,875 500,000 46,875 546,875 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Income Statement (Six months ended December 31, 1991): Revenue Costs and Expenses Advertising Administration Manufacturing costs Raw materials R&D Interest Depreciation Amortization of patent 754,500 22,500 80,000 350,000 195,000 23,750 750 10,625 25,000 707,625 Net Income 46,875 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Direct Statement of Cash Flows (For 6 months ended Dec.
31, 1991): Cash provided (used) by operating activities Received from customers Paid for inventory Paid for advertising Paid for manufacturing costs Paid for administration Paid for interest Paid for R&D expenses 685,000 (175,000) (22,500) (350,000) (80,000) (750) (23,750) 33,000 Cash provided (used) by investing activities Start-up expenses Purchase of PP&E (150,000) (150,000) Cash provided (used) by financing activities Cash from stock issuance – Increase (decrease) in cash balance Beginning cash balance Ending cash balance (117,000) 230,000 113,000 15. 515 Fall 2003 Session 1
