Chemalite Inc Case Study Analysis Paper

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Bugusa Inc

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Apple Inc.

...efforts in profit making alone is destined to untimely failure. This is because it will find itself on the wrong side with the government, stakeholders and the public as a whole. For this reason, any company that aspires to exist beyond its current boundaries must focus on its ethical and social responsibilities to company’s employees, consumers, shareholders and the public fraternity. Such corporate social practices brand a company positively as a good job provider, investor and provider of products and services. Apple Inc. has for the last few years appeared in the spotlight as one of the multimillion corporations that has had compliance as well as violation of ethical and social responsibility. As a giant corporation in technological production field and in the production of technology related goods and services, Apple Company has not been able to evade shortfalls in its ethical and social responsibility standards. Apple Products As mentioned earlier, Apple Inc. is a multinational corporation specializing in innovative technology. It specializes in the production of mobile phones and related devices. Among the most prominent products produced by Apple in the world today include: iPods, iPhones, Macs, iPads, iTunes just to mention a few. Apple’s products distinguishes themselves from other related products in the type of technology used making its products unique. Apple’s current position on the company’s ethical and social responsibilities Social responsibility refers......

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Chemalite

...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. Alexander’s share value in the company = $125,000 Stockholder’s share value = $375,000 Total stock = $500,000 On January 15: Chemalite paid $7,500 for legal fees and other requirements for the incorporation of the company. These were paid in cash. On June 15th: The Company spent $62,500 on building the machinery for the commercial models of their product. This is paid in cash. On June 24th: They purchased $75,000 worth of plastics and chemicals for production use. This is also paid in cash. Question 2) Since Chemalite has not started manufacturing operations, it has not had any sales. Hence, it has no revenue, therefore no profits. From the total expenditures of $7,500 for legal and administrative expenses for starting up the company; $62,500 for plant and machinery and $75,000 for raw material purchased; we only see $7,500 as an expensive and the other costs as an investment. We compute the total loss for the 6 months ended June 30th, 2003 at $7,500 and not $145,000 as what Mr. Larson projected. Question 3) a) Balance Sheet at June 30, 2003 Assets: As mentioned in the case, cash in hand fell down to $230,000 by the end of......

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Dominos Inc

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Apple Inc

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Chemalite

...Chemalite Inc. Group Case Study Financial Accounting 601 March 5, 2015 In late 2012, Bennett Alexander, a chemical engineer invented a small, fragile plastic translucent cylinder containing two chemicals that once mixed, gives off a bright yellow-green glow. He anticipated a substantial demand for the product. With the assistance of close families and friends, he established Chemalite Inc. In June 2013, the shareholders reviewed the mid-year financial statements for Chemalite Inc, and the financial success of Chemalite Inc was questioned. It was agreed that the shareholders will review the financial stability of Chemalite again at the years end. After Alexander prepared the year-end financial statements, he noted that the company’s bank account decreased by another $117,000. He needs to convince the shareholders that Chemalite Inc. is a going concern. In this case study, we need to remind the shareholders that the business has a patent worth 125,000 shares and each share is worth $1. There is also an additional 375,000 shares distributed to investors, totaling 500,000 shares. Because, the prototypes wee instrumental to the success of the business, we choose to keep this account as an asset to the company instead of a research and development expense and will keep the historical value of the prototypes on the books. Next, we analyzed the expenses and depreciation accounts. We concluded that the legal fees of $7,500 were a necessary business expense to......

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Google Inc

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Dell Inc

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Chemalite, Inc.

...J.Chase Case Assignment #1 Questions Chemalite, Inc. MGT 404 , Accounting 2015 a. Journal Entries Date | Entry | Debit | Credit | 2-Jan | Cash | | 375,000 | | | Intangible Assets | 125,000 | | | | Common Equity | | 500,000 | 12-Jan | Administrative Expense | 7,500 | | | | Cash | | 7,500 | 15-Jun | PPE | | 62,500 | | | | Cash | | 62,500 | 24-Jun | Inventory | 75,000 | | | | Cash | | 75,000 | 30-Jun | Retained Earnings | 7,500 | | | | Administrative Expense | | 7,500 | b. Income Statement and Balance Sheet Chemalite, Inc. | Income Statement 2003 | | | | | | 30-Jun-13 | Sales Revenue | $0 | Cost of Goods Sold | $0 | Gross Profit | | $0 | | | | Administrative Expense | $7,500 | Total Expenses | $7,500 | | | | Net Profit | | ($7,500) | | | Chemalite, Inc. | Balance Sheet as at 30-Jun-13 | | | | | | | Assets | | | | | Current Assets | | | | | Cash and Cash Equivalents | | 230,000 | | Merchandise Inventory | | 75,000 | | | Total Current Assets | | 305,000 | Property and Equipment | | | | | Production Equipment | | 62,500 | | | Total Property and Equipment | 62,500 | Intangible Assets | | | | | Patents | | | 125,000 | | | Total Intangible Assets | | 125,000 | Total Assets | | | 492,500 | | | | | | | Liabilities and Shareholder Equity | | | Liabilities | | | | | | Loans Payable | | | | | Interest Payable | | | | Shareholder...

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Chemalite, Incorporate

...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. Se insertaba un pequeño y frágil frasco de vidrio conteniendo un cierto producto químico y se cerraba herméticamente después. Al doblar el cilindro se rompía el frasco del interior esparciéndose su contenido. Al combinarse las dos sustancias químicas se producía una luminosidad de un color amarillo verdoso. Alexander previó un importante mercado para el Chemalite. Poseía la cualidad de poder ser utilizado rápidamente en casos de emergencia y no necesitaba ningún tipo de ignición. Preveía una considerable demanda por parte de las Fuerzas Armadas, así como por los fabricantes de señales luminosas y de equipos de salvamento similares. El 2 de enero de 2003, Alexander, junto con algunos familiares y amigos, fundó Chemalite, Inc. Se emitieron 500.000 acciones, de las que Alexander recibió 125.000 a cambio de su patente, y las restantes se vendieron a otros inversores a 1 dólar por acción. En el período transcurrido desde el 2 de enero al 30 de junio de 2003, Chemalite, Inc. incurrió en los siguientes desembolsos: • • • 15 de enero de 2003. Se pagaron 7.500 dólares de gastos legales, costes de cédula y gastos de impresión, todos ellos ligados a la puesta en marcha de la empresa. 15 de junio de 2003. Se compró por valor de 62.500 dólares...

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Foodmart Inc

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Apple Inc

...doing your financial analysis.) Based on the ratios, we can see the differences of ratios in Apple, Inc. financial statistics from 2005 until 2007. In their gross profit margin, ratios showed that profit margin are decrease from 40.9% in 2005 to 40.8 % in 2006. But in 2007, the gross profit margins were increase to 51.4% and this percentage is the highest compare to 2005 and 2006. So the higher percentage is better than and the trend should be upward. For operating profit margin, the ratio is consistently increased in 2005, 2006 and 2007.The percentage for the both three years is 11.8%, 12.7% and 18.4%. This was proving that Apple, Inc. is consistently gained the profitability of the current operation. The return on total assets (ROA) for Apple, Inc. for the two year are almost remain the same that is 11.5% in 2005 and it showed a little increase to 11.6 % in 2006. But in 2007the ratio were increased to 13.8%. These ratios measure the return on total investment in the enterprise. We take a look for return on stockholders (ROE) equity for 2005 is 17.9% , 2006 is19.9% while for the 2007 it increase to 24.1% which mean the return on stock holders earning on their investment. For inventory turnover ratio, Apple Inc. state 84.4% in 2005 which is decrease a little to71.5% in 2006. But in 2007, the numbers of inventory turnover ratio were decreased to69.4%. It is not a good for Apple Inc. to measure the number of inventory per year because inventory turnover is low. The......

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...Chemalite, Inc. Income Statement from January 1, 2003 to June 30, 2003 Sales Cost of Sales Gross Profit Depreciation Expenses Operating Expense Net Income $0 $0 $0 $0 ($7,500) ($7,500) 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 (Building the 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 Cash on June 30, 2003 Net Change in Cash $0 ($75,000) ($7,500) $0 ($82,500) ($82,500) ($62,500) ($62,500) $375,000 $375,000 $375,000 $230,000 ($145,000) Chemalite, Inc. Assets Current Assets Cash Accounts Receivable Inventory Total current assets Fixed Assets Equipment Patent Total fixed assets Intangible assets Total assets $230,000 $0 $75,000 $305,000 Balance Sheet for June 30, 2003 Liabilities Liabilities Current Liabilities Accounts payable Taxes payable Total Current Liabilities $0 $0 $0 Long-term liabilities $62,500 Long-term loans $0 $125,000 $187,500 Total liabilities $0 $0 $492,500 Total (Liabilities + Shareholders' Equity) 003 Shareholders' Equity Common Stock $500,000 Retained Earnings ($7,500) Total shareholders' equity $492,500 $492,500 Chemalite, Inc. Income Statement for......

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Harvard Mba Cases

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Accounting

...Chemalite Inc. B 3. In analyzing the cash flows from Chemalite using both the direct and indirect methods, one can see similar patterns in the where the uses of cash is directed. The money in both methods is going towards the company itself and funds necessary to make sure it stays afloat. The main source of the cash inflow is from the sale of Chemalite. The sale from 1991 brought in a total of $754,000 and 1992 brought in a total of $1,886,250. A sales increase of about 250% is very impressive for one year is responsible for bringing in the majority of cash for Chemalite Inc. Cash outflow is a slightly different case. Cash outflow for Chemalite is mostly going back into the company itself for the sake of growth. Growth in the cash flow in this case is demonstrated by cash flows from investing. Chemalite purchased new land for $250,000 and property, plant and equipment for $907500. Companies who are not doing well do not purchase upwards of a million dollars in new assets. This is a good sign of healthy investing and good operations within the company. Cash flows from investing from 1992 are substantially higher than 1991. Cash flows from operations increased as expected for 1992. Cash is being directed towards material and labor for the large portion of outflow while the smaller portion of cash outflow being directed to new avenues like insurance, increased advertising, and R&D. Other expenditures for operations were generally normal for various expenses like interest......

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Chemalite

...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. Alexander’s share value in the company = $125,000 Stockholder’s share value = $375,000 Total stock = $500,000 On January 15: Chemalite paid $7,500 for legal fees and other requirements for the incorporation of the company. These were paid in cash. On June 15th: The Company spent $62,500 on building the machinery for the commercial models of their product. This is paid in cash. On June 24th: They purchased $75,000 worth of plastics and chemicals for production use. This is also paid in cash. Question 2) Since Chemalite has not started manufacturing operations, it has not had any sales. Hence, it has no revenue, therefore no profits. From the total expenditures of $7,500 for legal and administrative expenses for starting up the company; $62,500 for plant and machinery and $75,000 for raw material purchased; we only see $7,500 as an expensive and the other costs as an investment. We compute the total loss for the 6 months ended June 30th, 2003 at $7,500 and not $145,000 as what Mr. Larson projected. Question 3) a) Balance Sheet at June 30, 2003 Assets: As mentioned in the case, cash in hand fell down to $230,000 by the end of......

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Clemalite

...Clematile, Inc, the balance Sheet for the company as of December 31, 2003 and notes. In Appendix you will find the transactions summary(period from January 2, 2003 till December 31, 2003) and the explanations for the final balance sheet. Content: 1. Company Information 2. Balance Sheet (June 2003) 3. Income Statement 4. Balance Sheet (December 2003) 5. Cash Flow (Indirect) 6. Notes 7. Appendix. Company information History: On January 2, 2003, Bennet Alexander, together with a number of relatives and friends, established Chemalite, Inc. Pririor to this, in late 2002, Alexander received a patent for Clemalite. Product: Chemalite is small, fragile glass vial of one chemical was inserted into a plastic, translucent cylinder that was then filled with a second chemical and sealed. Bending the cylinder caused the glass vial inside to break, allowing the two chemicals to mix. When combined, the two chemicals gave off a bright yellowgreen glow. Product applications: Chemalite had the appeal of being readily available in case of emergencies, but yet it did not require any form of ignition. He anticipated a considerable demand from the armed forces and manufacturers of flares and similar safety equipment. Clemalite, Inc. Balance Sheet June, 2003 Assets: Current Assets: Cash Inventory (raw inventory) Total Current Assets: Property, plant, and equipment: Equipment Total Property, Plant and Equipment Intangibles: Patent Total Intangibles: Total Assets: Liabilities and Shareholders'......

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Case Summaries Accy 401, Emba; Fall 2000

...so long as a well-designed system is in place. That is, a company may record its travel and entertainment expenses in account number 2118. Suppose the expense is incurred at the company’s speed switch subsidiary (subsidiary 18), at the Dallas office of that subsidiary (location 05), by a salesperson whose code is 16. The company might debit account 18-10-16-2118. With a well-designed accounting system, the company could then determine travel and entertainment expenses by individual, by location, by subsidiary, or for the entire company. Chemalite Financial Accounting: This case again demonstrated the basics of double entry bookkeeping and how financial statements are prepared from journal entries. It also introduced the idea of research and development costs. Since 1971 the FASB has required that companies expense R&D costs. As with Verona Springs, This case also briefly introduces revenue recognition. Chemalite has a firm order in hand but has not yet shipped the goods and wonders whether to recognize revenue. We discussed the idea that a firm must have completed the process by which it adds value to it product, which usually, but not always, includes shipping the good to a customer or completing the service. It must also be able to determine the amount of the sale, which includes reasonable assurance that the customer has the ability and willingness to pay for the product. Financial Accounting from a management perspective: This case focused on......

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Fahsf

...Business Online | | | | | |Simons, D, and A. Davila. (1995) Chemalite, Inc. (B): Cash Flow Analysis. 195130-PDF-ENG | | |Harvard Business Online | | | | | |Thompson, D. (2009) Cariboo Industrial Ltd. 905B21-PDF-ENG | | |Harvard Business Online | | | | | |Wilson, D. (2008) Chemalite, Inc. 177078-PDF-ENG | | |Harvard Business Online | | | ......

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Chemalite

...Chemalite Inc. Group Case Study Financial Accounting 601 March 5, 2015 In late 2012, Bennett Alexander, a chemical engineer invented a small, fragile plastic translucent cylinder containing two chemicals that once mixed, gives off a bright yellow-green glow. He anticipated a substantial demand for the product. With the assistance of close families and friends, he established Chemalite Inc. In June 2013, the shareholders reviewed the mid-year financial statements for Chemalite Inc, and the financial success of Chemalite Inc was questioned. It was agreed that the shareholders will review the financial stability of Chemalite again at the years end. After Alexander prepared the year-end financial statements, he noted that the company’s bank account decreased by another $117,000. He needs to convince the shareholders that Chemalite Inc. is a going concern. In this case study, we need to remind the shareholders that the business has a patent worth 125,000 shares and each share is worth $1. There is also an additional 375,000 shares distributed to investors, totaling 500,000 shares. Because, the prototypes wee instrumental to the success of the business, we choose to keep this account as an asset to the company instead of a research and development expense and will keep the historical value of the prototypes on the books. Next, we analyzed the expenses and depreciation accounts. We concluded that the legal fees of $7,500 were a necessary business expense to......

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Chemlite

...Chemalite, Inc. 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, Chemalite, Inc. 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 they are reading indicate otherwise. We have to determine how these numbers reflect the true nature of the company. Issues 1. Should they continue with business in 2004 and beyond? 2. Do they have a positive cash flow? 3. Are they profitable? Decisions I do believe that Chemalite, Inc. should continue on because they were both profitable and had a positive cash flow. And there are all three answers to the issues in one sentence. Plus, the prototype value will soon increase and the Olympic Games Athens 2004 just placed a huge order with the company, which will both bring in a big profit and help promote the product. The future is looking bright for this company, at least in the short run. Alexander and the investors have to examine the true nature of the company and not simply its increase or decrease in cash from year to year. Analysis 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......

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Notes

...Accounting Camp. ________________________________________ Skim: A Conceptual Framework for Financial Reporting 101-118 The Mechanics of Financial Accounting 101-119 The Balance Sheet 101-108 The Income Statement 101-109 The Statement of Cash Flows 101-107 Chapters 1-3, Antle. ________________________________________ ________________________________________ Skim: Chemalite, which we will cover Friday, July 30, 2004. ________________________________________ ________________________________________ Preparing Cases: Many assignments state: “Prepare the case.” You need not prepare a case write-up. Instead, prepare to contribute to the class discussion. To do that, carefully consider both accounting and managerial issues. I will not collect case write-ups, other than one group case write-up for each study group, as described in 5, above. ________________________________________ ________________________________________ Friday, July 30 1st morning session Topic: Double entry bookkeeping; financial statements Case: Chemalite, Inc. 177-078 Assignment: Prepare the case. Double entry bookkeeping was first published in 1494. It ses only addition and subtraction yet is so unintuitive it is like learning a foreign language. That is especially true for those with strong math backgrounds. The problem is that sometimes a plus sign indicates an increase while in other cases it indicates a decrease. For......

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Chemalite, Inc.

...J.Chase Case Assignment #1 Questions Chemalite, Inc. MGT 404 , Accounting 2015 a. Journal Entries Date | Entry | Debit | Credit | 2-Jan | Cash | | 375,000 | | | Intangible Assets | 125,000 | | | | Common Equity | | 500,000 | 12-Jan | Administrative Expense | 7,500 | | | | Cash | | 7,500 | 15-Jun | PPE | | 62,500 | | | | Cash | | 62,500 | 24-Jun | Inventory | 75,000 | | | | Cash | | 75,000 | 30-Jun | Retained Earnings | 7,500 | | | | Administrative Expense | | 7,500 | b. Income Statement and Balance Sheet Chemalite, Inc. | Income Statement 2003 | | | | | | 30-Jun-13 | Sales Revenue | $0 | Cost of Goods Sold | $0 | Gross Profit | | $0 | | | | Administrative Expense | $7,500 | Total Expenses | $7,500 | | | | Net Profit | | ($7,500) | | | Chemalite, Inc. | Balance Sheet as at 30-Jun-13 | | | | | | | Assets | | | | | Current Assets | | | | | Cash and Cash Equivalents | | 230,000 | | Merchandise Inventory | | 75,000 | | | Total Current Assets | | 305,000 | Property and Equipment | | | | | Production Equipment | | 62,500 | | | Total Property and Equipment | 62,500 | Intangible Assets | | | | | Patents | | | 125,000 | | | Total Intangible Assets | | 125,000 | Total Assets | | | 492,500 | | | | | | | Liabilities and Shareholder Equity | | | Liabilities | | | | | | Loans Payable | | | | | Interest Payable | | | | Shareholder...

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Chemalite, Incorporate

...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. Se insertaba un pequeño y frágil frasco de vidrio conteniendo un cierto producto químico y se cerraba herméticamente después. Al doblar el cilindro se rompía el frasco del interior esparciéndose su contenido. Al combinarse las dos sustancias químicas se producía una luminosidad de un color amarillo verdoso. Alexander previó un importante mercado para el Chemalite. Poseía la cualidad de poder ser utilizado rápidamente en casos de emergencia y no necesitaba ningún tipo de ignición. Preveía una considerable demanda por parte de las Fuerzas Armadas, así como por los fabricantes de señales luminosas y de equipos de salvamento similares. El 2 de enero de 2003, Alexander, junto con algunos familiares y amigos, fundó Chemalite, Inc. Se emitieron 500.000 acciones, de las que Alexander recibió 125.000 a cambio de su patente, y las restantes se vendieron a otros inversores a 1 dólar por acción. En el período transcurrido desde el 2 de enero al 30 de junio de 2003, Chemalite, Inc. incurrió en los siguientes desembolsos: • • • 15 de enero de 2003. Se pagaron 7.500 dólares de gastos legales, costes de cédula y gastos de impresión, todos ellos ligados a la puesta en marcha de la empresa. 15 de junio de 2003. Se compró por valor de 62.500 dólares...

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Bbus 361 Course Schedule

...Date Topic Reading Practice Problems Assignment Due 1/3 Introduction 1/5 Overview of Accounting Environment Chpt 1 E1-1, 6, 7, 8 1/10 Review Accounting Process Adjusting Entries and Financial Statement Preparation Chpt 2 pp. 50-83 E2-1,2,3,4,8, 11; P2-5, 7 Top Dawn Espresso Problem* 1/12 WorldCom Case WorldCom Case 1/17 Accrual vs. Cash Flows; Inferring JE’s; Statement of Cash Flows Chpt 2 pp. 83-93; Chpt 4 pp. 198-207 E2-14, 17; 1/19 Chemalite Case Chemalite Case 1/24 Income Statement Presentation Chpt 4 pp. 168-198 E4-4, 6, 10; P4-1 1/26 Balance Sheet and Disclosures Chpt 3 pp. 112-132 E3-2, 5, 13; P3-2, 9 1/31 Financial Statement Analysis; Review Chpt 3 pp. 132-138; Chpt 5 pp. 263-269 E3-17,18,20; E5-20, 21, 22 2/2 Midterm 2/7 Revenue Recognition Chpt. 5 pp. 232-258, SAB 104 E5-2, 4, 10, 11, 14 2/9 Revenue Recognition Chap 5 pp. 258-263; P5-8; E5-1, 15, 16; 2/14 Revenue Recognition Chap 5 2/16 Circuit City Case Circuit City case 2/21 Revenue Recognition (wrap-up); Receivables Chpt 7 pp. 336-352; Skip Sales Returns E7-5, 6, 8, 9, 11; P7-1, 2; 2/23 Review of Time Value of Money and Notes Receivable Chpt 6; Chpt 7 pp. 352-368 E6-1, 3, 6; E7-12, 13, P7-6 Writing Assignment 2/28 Receivables (wrap-up); Inventory Chpt 8, pp. 394-420 E8-13, 15, 19; P8-8, 9 3/1 Inventory Chpt. 8, pp- 420-424 E 8-23, P8-15, 16 3/6 Inventory Chpt 9, pp. 446-465 LCM only E9-1, 2, 13, 14 3/8 Catch up and Review 3/13 Finan Exam...

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Bob's Chocolate and More Accounting Cycle

...two luncheons ordered and paid for in advance by a customer (described in transaction #12). The luncheon cost the company $3,500. Required: 1. Complete the following steps: a. Use the FSET template on p. 4 to record the October transactions and adjusting entries b. Record the journal entries (including adjusting entries) c. Post them to the corresponding T-accounts (template provide on p.3). 2. Prepare a Balance Sheet (as of October 31), an Income Statement (for October), and a Statement of Cash Flows under the direct method (for October). Don’t forget to do closing entries before you prepare the balance sheet. You may want to prepare a worksheet that is similar to the one-page summary worksheet distributed in class for the Chemalite case after you complete question 1 (the summary worksheet is optional). This is an individual assignment. Submit a copy of the assignment by e-mailing to me or by using Blackboard's assignment upload feature. Please include your name and the honor pledge on your assignment. FSET Template: Please use the following template to complete the FSET. See the first transaction for example – be sure to include both the amount (e.g., +10,000) and the account name (e.g., Common stock) below the amount in your answers (except for cash). For cash transactions, indicate whether the cash flow should be classified as Operating (O), Investing (I), or Financing (F) next to the transaction description. Balance Sheet Income......

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