Chemalite, inc (b) executive summary: bennett alexander, a chemical engineer founded chemalite, inc in late 1990 the company was set up to manufacture and sell the chemalite the projected financial statements for the year 1992 were made to study the performance of the company in march 1991. 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) this preview has intentionally blurred sections. Teaching note for (9-177-078) harvard business school harvard business review.
Chemalite, inc 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 chemalite, inc that the new business is in fact a good investment. A security code is added protection against credit card fraud it is a 3 or 4 digit number appearing on the front or back of your credit card. Chemalite, inc is true profitable even with the balance being $230,000 at the end of june 2003, this is a positive cash flow due to all of the investment activities the company has put in refer to sample iii. Chemalite inc case solution, a chemical engineer who has set up a company to manufacture and market one of his inventions to try to prepare its report on the state of society.
15501/516 problem set 2 chemalite the following questions refer to the chemalite, inc case in the course packyou should ignore the 5 questions at the end of the case and answer the following in their place. Question 1) bennett alexander and his friends established chemalite inc on january 2, 2003 a total of 500,000 shares were issued at a price of $1 each out of which alexander received 125,000 as his share in exchange for his patent and the remaining stockholders were issued 375,000 shares. Read this essay on chemalite, inc come browse our large digital warehouse of free sample essays get the knowledge you need in order to pass your classes and more. 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 direct and indirect method to evaluate the cash flow statements of chemalite inc the main sources and uses of cash for chemalite inc.
Problem set #2: chemalite case 15515 fall 2003 session 1 1 record the effects of chemalite's 1991 events on the bse worksheet event cash a/r inventory patent cap exp ppe notes pay paid in capital re re explanation. Chemalite inc case solution,chemalite inc case analysis, chemalite inc case study solution, chemical engineer who founded a company to produce and market one of his inventions is trying to prepare his state corporation report. View homework help - chemalite case from kellg_ma 324 at northwestern university chemalite case journal entries: jan 2, 2003 cash $375,000 patent $125,000 common stock $500,000 jan 15, 2003 legal.
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. Students are asked to use actual and pro forma financial statements to prepare a statement of cash flows under both the direct and indirect method. Chemalite inc dear stockholders, 1991 has been a successful year for us and for our company in which we have accomplished several milestones we have managed to incorporate a solid company, chemalite inc.
Chemalite, inc was established by mr bennett alexander in 1990 the organization delivered and sold alexander's development, the chemalite after the first year of effective operations, the organization shareholders upheld the extension of the generation office. In the case of chemalite, inc 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. Caso chemalite 110-s21 rev 5 de junio, 2008 charles christensen david a wilson chemalite, incorporated a finales de 2002, bennett alexander, consultor de ingeniería química, solicitó y le fue concedida una patente sobre uno de sus inventos, el chemalite.
Chemalite inc (b): cash flow analysis case solution,chemalite inc (b): cash flow analysis case analysis, chemalite inc (b): cash flow analysis case study solution, students were asked to use the actual and pro forma financial statements for the preparation of the statement of cash flows as a direct and indirect method. Chemalite inc (b): cash flow analysis case study solution, chemalite inc (b): cash flow analysis case study analysis, subjects covered accounting procedures cash flow financial analysis by robert l simons, antonio davila source: harvard business school 3 pages.