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| Topic: |
Business
|
| Number of pages / Number of words: |
4 / 1035 |
Essay's paper body
And they will most likely raise the price of the prototypes to gain more revenue.
I think Chemalite, Inc. should continue doing business for sure. All of my statements below illustrate their positive cash flow and useful investing. They are profitable and will soon do even better, I believe.
I. Summary of cash transactions for the first six months:
1/2/03 Patent 125,000
Cash 375,000
Common Stock 500,000
1/15/03 Organization Costs/Expenses 7,500
Cash 7,500
6/15/03 Machinery 62,500
Cash 62,500
6/24/03 Raw Materials/Inventory 75,000
Cash 75,000
II...
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Summary of cash transactions for the first six months:
1/2/03 Patent 125,000
Cash 375,000
Common Stock 500,000
1/15/03 Organization Costs/Expenses 7,500
Cash 7,500
6/15/03 Machinery 62,500
Cash 62,500
6/24/03 Raw Materials/Inventory 75,000
Cash 75,000
II. Balance Sheet through June 30, 2003:
Assets: Liabilities and Equities: a
Cash $230,000 Common Stock $500,000
Inventory 75,000 Retained Earnings (7,500)
Machinery 62,500
Patent 125,000
TOTAL ASSETS $492,500 TOTAL EQUITY $492,500
III...
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