EXECUTIVE SUMMARY 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 journals, T-accounts, income statements, statements of financial position and statements of cash flows for the six months ended June 30, 2003 and for the year ended December 31, 2003. We
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
THE GEORGE wASHINGTON UNIVERSITY | Case Study- Chemalite, Inc. | EMSE 6430 : Finance For Engineers | | 11/8/2012 | | Chemalite, Inc. Assume during 2003, you had been retained as a management consultant to Chemalite, Inc., specifically to Bennett Alexander, principal stock holder and CEO. He wanted your help and advice. He needed your assistance on the issues below. Your counsel and two written reports were requested: The first report covers the 1st six months of operations.