Scribd
Upload
5K views10 pages

Chemalite SolutionHBS

Chemalite Inc. reported a net loss of $7,500 for the first half of 2003 with no sales or cost of goods sold generated. Cash flow was negative with $82,500 used in operations and $62,500 spent on machinery. The company raised $375,000 through a stock sale. By year-end 2003, Chemalite had sales of $754,500, net income of $50,000, and cash of $113,000 after investing $212,500 in new equipment.

Uploaded by

Manoj Singh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
5K views10 pages

Chemalite SolutionHBS

Chemalite Inc. reported a net loss of $7,500 for the first half of 2003 with no sales or cost of goods sold generated. Cash flow was negative with $82,500 used in operations and $62,500 spent on machinery. The company raised $375,000 through a stock sale. By year-end 2003, Chemalite had sales of $754,500, net income of $50,000, and cash of $113,000 after investing $212,500 in new equipment.

Uploaded by

Manoj Singh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
You are on page 1/ 10

Chemalite, Inc.

Income Statement from January 1, 2003 to June 30, 2003

Sales $0
Cost of Sales $0
Gross Profit $0
Depreciation Expenses $0
Operating Expense ($7,500)
Net Income ($7,500)
Chemalite, Inc.
Cash Flows Statement from January 1, 2003 to June 30, 2003

Cash flows from Operating Activities


Cash collections
Cash payments for purchases
Cash payments for operating expenses
Interest and taxes
Total cash payments
Net cash provided by operating activities

Cash flows from Investing


Purchase of hard assets (machinery)
Total Cash flows from investing

Cash flows from Financing


Sale of stock
Total cash flow from financing

Cash Summary
Cash on January 1, 2003
Net Change in Cash
Cash on June 30, 2003
to June 30, 2003

$0
($75,000)
($7,500)
$0
($82,500)
($82,500)

($62,500)
($62,500)

$375,000
$375,000

$375,000
($145,000)
$230,000
Chemalite, Inc.
Balance Sheet for June 30, 2003

Assets
Current Assets
Cash
Accounts Receivable
Inventory
Total current assets

Fixed Assets
Equipment
Patent
Total fixed assets
Intangible assets
Total assets

Liabilities and Shareholders Equity


Liabilities
Current Liabilities
Accounts payable
Taxes payable
Total Current Liabilities

Long-term liabilities
Long-term loans
Total liabilities

Shareholders' Equity
Common Stock
Retained Earnings
Total shareholders' equity
Total liabilities and shareholders' equity
03

$230,000
$0
$75,000
$305,000

$62,500
$125,000
$187,500
$0
$492,500

$0
$0
$0

$0
$0

$500,000
($7,500)
$492,500
$492,500
Chemalite, Inc.
Income Statement for the year ending Deceber 31, 2003

Sales $754,500
Cost of Sales
Materials ($195,000)
Manufacturing ($350,000)
Total COGS ($545,000)
Gross Profit $209,500
Gross Margin 28%
Depreciation Expense ($25,000)
Operating Expense ($133,750)
Operating Income $50,750
Interest Expense ($750)
Net Income before Taxes $50,000
Income Taxes
Net Income after Taxes $50,000
Chemalite, Inc.
Balance Sheet for the year ending Deceber 31, 2003

Assets
Current Assets
Cash
Accounts Receivable
Inventory
Total current assets

Fixed Assets
Equipment
Patent
Total fixed assets
Intangible assets
Total assets

Liabilities and Shareholders Equity


Liabilities
Current Liabilities
Accounts payable
Taxes payable
Total Current Liabilities

Long-term liabilities
Long-term loans
Total liabilities

Shareholders' Equity
Common Stock
Retained Earnings
Total shareholders' equity
Total liabilities and shareholders' equity
ber 31, 2003

$113,000
$69,500
$55,000
$237,500

$212,500
$100,000
$312,500
$0
$550,000

$0
$0
$0

$0
$0

$500,000
$50,000
$550,000
$550,000
Chemalite, Inc.
Cash Flows Statement for the year ending Deceber 31, 2003

Cash flows from Operating Activities


Cash collections
Cash payments for purchases
Cash payments for operating expenses
Interest
Tax
Total cash payments
Net cash provided by operating activities

Cash flows from Investing


Purchase of hard assets (machinery)
Total Cash flows from investing

Cash flows from Financing


Sale of stock
Total cash flow from financing

Cash Summary
Net Change in Cash
Cash on January 1, 2003
Cash on June 30, 2003
eceber 31, 2003

$685,000
($600,000)
($133,750)
($750)
$0
($734,500)
($49,500)

($212,500)
($212,500)

$375,000
$375,000

$113,000
$0
$113,000

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy