Accounting

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forbin
Posts: 521
Joined: Sun Dec 01, 2013 6:16 pm
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Accounting

Post by forbin » Sun Jan 12, 2014 12:12 pm

The books for the ship's company, Tempest Hawk Ventures and Shipping, Ltd, are kept here.

Only bookkeeping entries are kept here.
Discussions about bookkeeping go in "Accounting Discussion".
Company policies, principles of operations, and simple accounting principles go in "Company Operations", which is also a "no discussions" topic.
Disucssions specifically about posts there go in "Company Operations Discussion".
General discussions of those topics, and ship's finances in general, go in the old "Raven's Coin Finances" topic.
John B. | Elliott von Rossveldt, ship's CCS officer. | 2 5 9 B F B | 8 7 9 B F B

forbin
Posts: 521
Joined: Sun Dec 01, 2013 6:16 pm
Contact:

Accounting - 1110/133

Post by forbin » Sun Jan 12, 2014 12:50 pm

Code: Select all

Shares sold at 1 Cr/share.

Crewmember   Shares  Percentage
==========  =======  ==========
Litnam        6,000     2.0874
Fusil        48,000    16.6988
Elliott      60,445    21.0284
Geris       173,000    60.1854
==========  =======  ==========
            287,445 shares outstanding

            287,445 Cr in general fund
Percentages are mostly for analysis. When in question, calculations will always be based on number of shares and credits in the account. Percentages computed to 4 places after the decimal, roughly within +/- 14 Cr for each person. I probably will only show about 4 significant digits total for percentages in the future.

Shares are based on Fusil, Elliott, and Geris chipping in Cr 2k each for Litnam's shares and not requiring him to make any pay in, because of his disproportionately low finances versus being the Lead Engineer and a key team member.
John B. | Elliott von Rossveldt, ship's CCS officer. | 2 5 9 B F B | 8 7 9 B F B

forbin
Posts: 521
Joined: Sun Dec 01, 2013 6:16 pm
Contact:

Accounting - 1110/135

Post by forbin » Sun Jan 12, 2014 12:59 pm

Sold 70,000 shares to Greg Pike at 1 Cr/share.
Greg followed suit in donating 2k shares to Litnam.

Code: Select all

Crewmember     Shares  Percentage
==========    =======  ==========
Litnam          8,000     2.24 %
Fusil          48,000    13.43 %
Elliott        60,445    16.91 %
Greg           68,000    19.02 %
Geris         173,000    48.40 %
==========    =======  ==========
              357,445 shares outstanding
General fund: 357,445 Cr
Share value:    1.000 Cr/share
Last edited by forbin on Sun Jan 12, 2014 6:13 pm, edited 1 time in total.
John B. | Elliott von Rossveldt, ship's CCS officer. | 2 5 9 B F B | 8 7 9 B F B

forbin
Posts: 521
Joined: Sun Dec 01, 2013 6:16 pm
Contact:

Ship's Demise Charter - Amounts and Dates

Post by forbin » Sun Jan 12, 2014 3:02 pm

Mortgage
Term: 20 years.
Type: Demise charter, ship stricken from Naval Register and sold to veterans I/A/W Spacer's Reparation Act 271828.

Code: Select all

          Cost of ship to Navy when new:  443,600 KCr
"Cost of ship" for maintenance purposes:  400,000 KCr
   Value of ship upon receiving charter:   44,000 KCr
          Value of mortgage outstanding:   44,000 KCr
        Amount of next expected payment:    2,200 KCr

                    Next payment due on: 1111/001
  No-fault walk away date, on or before: 1110/223
Costs

Code: Select all

  Annual overhaul:  400 KCr
Other maintenance:        ?
John B. | Elliott von Rossveldt, ship's CCS officer. | 2 5 9 B F B | 8 7 9 B F B

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