MARIA SOLDEVILA CASE

YEAR 2009
* Capital
* Website development
* Bank loan
* Purchase of warehouse
* Purchase of furniture
* Purchase 30 mixers
* Paid advertising
500,000 € (Contribution of Maria Soldevila y Nadal)
12,000 € (Accounts payable 3 months)
110,000 € (Accounts payable)
400,000 € (Cash 320,000 € and at 30-06-10 80,000 €
20,000 € (Cash payment)
24,000 € (Cash 12,000 € and debited 12,000 €
12,000 €

YEAR 2010

1 Imported 310 mixers on credit, for a total amount of 248,000 euros.

2 They sold 100 mixers for cash, at a price of 1,500 euros per unit.
3 They sold 200 mixers on credit, at a rate of 1,550 euros per unit.
4 They collected a total of 220,000 euros from customers to whom they had sold on credit.
5 Payments to the mixer supplier totaled 210,000 euros.
6 Commercial and administrative activities amounted to 90,000 euros paid in cash.
7 They paid the 80,000 euros corresponding to the purchase of the building and the land.
8 They paid the 110,000 euros of the bank loan.
9 The interest on the bank loan amounted to 5,000 euros and was paid at year-end.
10 At the end of December, Maria decided to invest part of the cash that she did not expect to use
immediately.

BALANCE SHEET 2009 (As of December 31,

2009)
ACTIVE
Furniture
Accounts Advertisin Financial
Cash Property and Mixers
receivable g investment
equipment
1 500,000 €
2 12,000 €
3 110,000 €
4 - 320,000 € 400,000 €
5 - 20,000 € 20,000 €
6 - 12,000 € 24,000 €
7 - 12,000 €

BALANCE SHEET 2010 (As of Dec. 31, 2010)

ACTIVE
Furniture
Accounts Advertisin Financial
Cash Property and Mixers
receivable g investment
equipment
2009 246,000 € -€ 400,000 € 12,000 € 20,000 € 24,000 € -€
1 248,000 €
2 150,000 €
3 310,000 €
4 220,000 € - 220,000 €
5 - 210,000 €
6 - 90,000 €
7 - 80,000 €
8 - 110,000 €
9 - 5,000 €
10 - 20,000 € 20,000 €
 BALANCE SHEET 2009 2010
ASSETS
CURRENT ASSETS:
Cash 246,000 € 101,000 €
Accounts receivable -€ 90,000 €
Advertising 12,000 € 12,000 €
Inventory 24,000 € 272,000 €
Financial investment -€ 20,000 €
Total current assets 282,000 € 495,000 €

NON-CURRENT ASSETS:
Real Estate 400,000 € 400,000 €
Furniture and equipment 20,000 € 20,000 €
Total non-current assets 420,000 € 420,000 €

Total assets 702,000 € 915,000 €

LIABILITIES
SHORT-TERM LIABILITIES
Accounts payable 202,000 € 45,000 €
Total liabilities 202,000 € 45,000 €

STOCKHOLDERS' EQUITY
Capital stock 500,000 € 870,000 €
Total stockholders' equity 500,000 € 870,000 €
Total liabilities and stockholders' equity 702,000 € 915,000 €
20,000 - in highly liquid marketable securities.

re of 2009)
LIABILITIES + STOCKHOLDERS' INCOME STATEMENT
EQUITY
Stockholder
Accounts payable Revenues Expenses
s' equity
500,000 €
12,000 €
110,000 €
80,000 €

12,000 €
- 12,000 € - 12,000 €

re of 2010)
LIABILITIES + STOCKHOLDERS' INCOME STATEMENT
EQUITY
Stockholder
Accounts payable Revenues Expenses
s' equity
202,000 € 500,000 € - €- 12,000 €
248,000 €
150,000 € 150,000 €
310,000 €
220,000 €
- 210,000 €
- 90,000 € - 90,000 €
- 80,000 €
- 110,000 €
- 5,000 € - 5,000 €