Case study 2: Liene
Liene decides to start an economic consultancy firm, in the form of Ltd., as of January 2020.
The Ltd will be set up on 2 January at the notary office in small city. Liene will invest \textcurrency40,000
in equity, in the form of capital share. The investment will comprise \textcurrency20,000 in cash; and a car
worth \textcurrency20,000.
The rent will be \textcurrency3,000 per month, due on the 15th of every month.
The office furnishing, worth \textcurrency15,000, will be delivered in January. For this delivery, a trade
credit of one month applies.
The depreciation of the furnishing amounts to 20% of the purchase price per year.
The car is depreciated by \textcurrency5,000 per year.
On stationary, \textcurrency500 will be spent monthly.
Liene allocates herself a gross monthly salary of \textcurrency8,000. As of the month of September, a
secretary will be employed at a gross monthly salary of \textcurrency2,500.
After the start-up period, Liene expects to generate a monthly sales revenue of \textcurrency15,000.
During the first six months of 2020, the sales revenue will be \textcurrency8,000 per month. The
customers receive a credit period of one month.
As well as offering a range of consultancy services, Liene provides training for bank
employees. She will receive \textcurrency2,000 per month for this.
Any cash receipts and payments take place via current account at the bank. This current
account offers a line of credit of maximum \textcurrency20,000. For 2020, it can be assumed that the
interest cost is \textcurrency1,000.