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Smoky valley company case

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Smoky valley company case

  1. 1. CASE 2<br />Smoky Valley Café Case<br />Presented by: Anvesh Lanka<br />Fenella Andrade<br />MalleshGoudar<br />Nipun Jain<br />Masters in European Studies and Management (MESM) <br />2010-2012<br />Manipal Centre for European Studies<br />Manipal University, Karnataka, India<br />
  2. 2.
  3. 3. As of August 12th 1946<br />
  4. 4. As of August 15th 1946<br />
  5. 5. As of October 1946<br />
  6. 6. As of November 1946<br />
  7. 7. As of December 16th 1946<br />
  8. 8. INCOME STATEMENT<br />Value of assets on Dec 16th (Income) =16303.99 <br />(75.13+100+415.95+16000-322.09)<br />Value of Liabilities on Dec 16th (Expenses) = 17292.01 (6400+10800+92.01)<br />Loss = 16303.99 – 17292.01 = 988.02<br />
  9. 9. BALANCE SHEET<br />
  10. 10. Equities<br />Contributions to Capital<br /> Mrs. Bevan = 2400<br /> Mr. Maywood = 2000<br /> Mrs. Maywood = 2000<br />Total Loss = 988.02<br />Equal Split on Loss [1/3] = 329.34<br />Equities on December 16th<br /> Mrs. Bevan = 2400 – 329.34 = 2070.66<br /> Mr. Maywood = 2000 – 329.34 = 1670.66<br /> Mrs. Maywood = 2000 – 329.34 = 1670.66<br />

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