..................................3 Facts...........................................................................................................................................3 Analysis......................................................................................................................................5 Conclusions/solutions/recommendations...................................................................................8 Issues: 1. a. How would you report on the three-month operations of Ribbons an' Bows, Inc., through June 30? b. Was the company profitable? (Ignore income taxes.) c. Why did its cash in the bank decline during the three-month operating period? 2. How should you report the financial condition of the business on June 30, 2010? 3. Do you believe Carmen's first three months of operation could be characterized as "successful"? Explain your answer. Facts 1. Carmen Diaz decided to open a small ribbon shop. Two of her cousins agreed to loan the business $10,000 for one year at a 6 percent interest rate. 2. On March 1, 2010, Carmen's uncle help him formally incorporated her business and waive her legal fee. 3. On March, 2010, Carmen deposited the cousins' $10,000 loan and her $1000 equity distribution. She also signed an agreement to rent store space for $600 per month, paid on the last day of the month. The agreement was for an 18-month period beginning April 1. The agreement called for a prepayment of...
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...Case: Ribbons an’ Bows, Inc. In January 2006, Carmen Diaz, a recent arrival from Cuba, decided to open a small ribbon shop in Coconut Grove section of Miami, Florida. During the month, she put together a simple business plan, which she took to several relatives whom she believed would be interested in helping her finance the new venture. Two of her cousins agreed to loan the business a total of $10,000 for one year at a 6 per cent interest rate. For her part Carmen agreed to invest $1,000 in the equity of the business. On March 1, 2006, with the help of an uncle who practiced law, Carmen formally incorporated her business, which she named “Ribbons an’ Bows.” Normally, the uncle would have charged a fee of $600 for handling the legal aspects of a simple incorporations, but since Carmen was family, he waived the fee. As soon as the new business was incorporated, Carmen opened a bank account and deposited the cousins’ $10,000 loan and her $1,000 equity contribution. The same day, she signed an agreement to rent store space for $600 per month, paid on the last day of the month. The agreement was for an 18-month period beginning April 1. The agreement called for a prepayment of the last two months’ rent, which Carmen paid out of company bank account at the signing. Over the next few weeks, Carmen was actively engaged in getting ready to open the store for business on April 1. Fortunately for Carmen, the previous tenant had left counters and display furniture that Carmen...
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...Case 1-1 Ribbons and Bows Questions: 1a. How would you report on the three-month operations of Ribbons an’ Bows, Inc., through June 30? Ribbons an’ Bows remains in the black at the end of the three month period given to us in the case. However, several items need to be considered to have a good understanding of the state of the company from a profitability standpoint: all monies going out (debited), and all monies already in (credited). 1b. Was the company profitable? On paper, the company looks profitable with the money it has available in the bank keeping it in the black. Looking only at the differences in the credits and debits over the three month period, we could justifiably say “no, the company was not profitable.” A total of $8,010.00 went out to cover expenses (wages, inventory, etc.), with only $7,400.00 cash coming in, and $320 receivable. The difference coming to the $3,390 ending balance, and explaining that the expenses exceeded the revenues. 1c. Why did its cash in the bank decline during the three-month period? Looking above at 1b, we see that Ribbons an’ Bows had expenses that exceeded their revenues. Where the company to have no other working cash in the company bank account, Ribbons an’ Bows’ financial sheets would show their accounts in the red. However, Carmen had extra working capital in the amount of $4,000, from which the excess expenses of $610 was drawn. Expenses exceeded revenues, leaving the working capital as the only...
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...Issues 1. a. How would you report on the three-month operations of Ribbons an’ Bows, Inc., through June 30? b. Was the company profitable? (Ignore income taxes.) c. Why did its cash in the bank decline during the three- month operating period? 2. How would you report the financial condition of the business on June 30, 2006? 3. Do you believe Carmen’s first three months of operation could be characterized as “successful”? Explain your answer. 1. a. By the end of June 30, 2013, the sales for the 3 months is the cash sales ($7,400) and credit sales ($320). The net sale is $7,720. The net sale form Cash sales Credit sales Net sale $7,400 $320 $7,720 The salary for the part-time employee is ($1,510) plus ($90) that is owed to the employee. So the total salary is $1,600. The part-time employee’s salary form Cash paid Owed total $1,510 $90 $1,600 The rent for three-month period is $1,800 ($600 per month for three months). The rent for space form Rent for each month Mouth total $600 3 $1,800 The cost for the inventory is $3,300 at the store opening date. She pays another $2,900 for replenishing the inventory on June 30, 2006. However, she estimates that there may be inventory on hand of $4,100. The cost of inventory form Beginning inventory replenishment total $3,300 $2,900 $6,200 Inventory on hand $4,100 Final cost of inventory $2,100 At the beginning, the cost of supplies is $100. However, there is also $20 on hand. The total cost for supplies is...
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...Ribbons and Bows INTRODUCTION Carmen Diaz, with a ten thousand dollar loan from two of her cousins, and one thousand dollars that she invested in equity, was able to open a specialty store called Ribbons an’ Bows, Inc, which was located in Coconut Grove, Miami, Florida. Four months after opening the business, Carmen’s relatives requested a financial report, which was part of the original business arrangement. Within a short time, Carmen had expanded the business, purchased small equipment, paid wages to a part-time employee, and by all outward indicators, had been running a flourishing business. As Carmen gathered the necessary information to prepare financial statements, she started to scrutinize the transactions and was somewhat perplexed. Carmen realized that numbers were not adding up as she had anticipated. Additionally, it became questionable whether the business was operating successfully, at least when accounting principles were appropriately applied. Statement of the Problem It was fortuitous for Carmen Diaz to have family who were supportive of her small business endeavor, thereby providing start-up funds and legal advice. Carmen’s endeavor can be recognized as a “microbusiness” operation; “microcredit”, microenterprise” and “microfinance” are terms that have been associated with microbusinesses (Datar, 2009). Clearly, Carmen would have benefitted from some professional entrepreneurial guidance that is widely available at no cost in the United States...
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...ACC520M - AVILA - CASE 1-1 RIBBONS AN' BOWS, INC. ACCOUNTS RECEIVABLE SERVICE DEPOSIT INTEREST PAYABLE Date CASH INVENTORY SUPPLIES EQUIPMENT PREPAID RENT LOANS PAYABLE SALARIES PAYABLE EQUITY Description En-10 $ 10,000.00 En-10 1,000.00 1-Mar-10 (1,200.00) Mar-10 (3,300.00) Mar-10 (250.00) Mar-10 (100.00) Mar-10 (150.00) Mar-10 (2,000.00) Mayo-10 (1,800.00) Hun-10 (1,510.00) Hun-10 7,400.00 Hun-10 Hun-10 (1,800.00) Hun-10 (2,900.00) Hun-10 $ 1,200.00 3,300.00 250.00 100.00 10,000.00 1,000.00 (150.00) 2,000.00 1,800.00 90.00 320.00 (2,100.00) 2,900.00 (80.00) (250.00) (60.00) (80.00) (250.00) (60.00) (200.00) 2,480.00 12,770.00 (1,600.00) 7,720.00 (2,100.00) (1,800.00) $ 3,390.00 $ 320.00 $ 4,100.00 $ 20.00 Total Assets $ 3,490.00 $ 12,770.00 $ 250.00 $ 1,200.00 $ 10,000.00 200.00 $ 90.00 $ 200.00 Total Liabilities and Equity Loan from cousins Capital Rent deposit Opening inventory Cash register deposit Store supplies April 2 advertisment Desktop computer and pre-installed business software Commercial sewing machine Salary Income (Received and owed by customer) Depleted Inventory 3 months rental Inventory replenishment Depleted supplies 3-month accumulated depreciation of Computer/Software 2-month accumulated depreciation of Sewing Machine Accrued interest from March -...
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...hoCase study Bleu riBBon CHoColates: How Can small Businesses aDaPt to a CHanGinG environment? Dawn r. Deeter-schmelz, rosemary P. ramsey, and Jule B. Gassenheimer Bleu Ribbon Chocolates is a small regional manufacturer of high-quality chocolate that sells its products via trade accounts, corporate-owned stores, and online/mail. Historically, the company has not engaged in strategic planning, as demand was greater than manufacturing capabilities. The trend toward healthier foods and the poor economy, however, has hurt sales. The owners must determine their new strategic direction. Should they change the product line, in-source manufacturing, reduce the number of companyowned stores, increase sales to retail outlets, lay off workers, or hope the health craze ends soon and the economy turns around? Bleu Ribbon Chocolates, a small manufacturer well-known in the Midwest for producing and retailing high-quality chocolates, was at a crossroads. Historically, Bleu Ribbon Chocolates has not engaged in strategic planning. Management saw no need; everything had been going fine. In the past, demand always had been greater than what the company could produce, and geographic expansion was not a goal. Unfortunately, by 2010, the external environment had changed significantly, and the current owners of Bleu Ribbon Chocolates found they needed to determine a new strategic direction. Today, more consumers prefer healthy food products. In fact, organic products comprise 8 percent of the confectionary...
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...its home country it is only normal to think about either reaching to outside boundaries or outsourcing. It has become a norm in today’s business that once they have reached a certain success that they must try elsewhere. This does come with many different issues such as a financial risk, different culture issues, and taking jobs away from our country. Controversy will arise either way it is looked at so it makes it almost unfair” Nike, Inc. is highly recognized name and logo not only in the U.S, but also around the entire world. This is because Nike is an American multinational corporation that is highly engaged in the design, development, and manufacturing. They are also responsible for being the world's largest suppliers of athletic shoes and apparel and a major manufacturer of sports equipment because of the proper worldwide marketing and selling of footwear, apparel, equipment, accessories and services. The company was founded on January 25, 1964, as Blue Ribbon Sports, by Bill Bowerman and Phil Knight and officially became Nike, Inc. on May 30, 1971. The company takes its name from Nike the Greek goddess of victory. Now that we have a brief history lesson of Nike let’s get into some of the culture issues they have faced and face since they have globalized. When a contract factory wishes to do business with Nike or one its many subsidiaries, it is critical that the owners and/or managers in the supply chain understand the cultural differences across the globe. Failure...
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... This advertisement shows a gifting and holiday mood to its target market. This observation is evident with the use of particular elements in the photo such as the ribbons, the iPhone, and the overall design of the poster. The title “Rogers Wireless Happier Holidays are Just around the Corner”, portrays that the holiday season is fast approaching. Second, the creator of this advertisement used axial balance, whereby the visual elements of this advertisement have been separated by an imaginary horizontal line. The bow is placed horizontally at the center of the picture, then the title and caption of the ad are on the upper half. Meanwhile, the price and a picture of the iPhone can be seen at the lower half. There is also a larger picture of an iPhone which stands at the left side of the poster, the said iPhone is has a red ribbon wrapped around it which signifies that it is a present awaiting everyone (Berger, 1995). There is a relationship between the pictorial elements and the written material. The word “iPhone” is depicted by the iPhone picture at the bottom of the advertisement, and the larger iPhone picture on the left of the advertisement. The words “happier holidays” are represented by the large, red bow that runs in the middle of the poster. The red bow implies that the advertisement is a gift to the customers on the holiday season. The “499” means that the item is for preorder. It also indicates the price of the iPhone. Finally, “iPhone...
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...Transportation Management (TRANS MGT) – Water Transportation Local – MV St. Thomas Aquinas Introduction MV St. Thomas Aquinas was a Philippine-registered passenger ferry operated by 2GO Travel. On 16 August 2013, the vessel collided with a cargo ship named MV Sulpicio Express Siete of Philippine Span Asia Carrier Corporation (formerly Sulpicio Lines) causing it to sink. As of 21 August 2013, there were 61 dead and 59 missing with 750 rescued as a result of the accident. Career Name: St. Thomas Aquinas ex-Superferry 2 ex-Aboitiz Superferry 2 ex-Ferry Sumiyoshi Owner: 2Go Group, Inc. Operator: 2GO Travel Port of registry: Philippines Manila, Philippines Ordered: 1 January 1972 Builder: Onomichi Dockyard Co, Onomichi Yard number: 239 Launched: 19 December 1972 Completed: March 1973 Out of service: 16 August 2013 Identification: IMO number: 7304663 Fate: Sank following collision with Sulpicio Express Siete General Characteristics Type: ROPAX Ferry Tonnage: 11,405 GRT, 5,869 NRT, 2,994 DWT Length: 138.6 m (455 ft.) Beam: 22 m (72 ft.) Installed power: Two Mitsubishi diesel engines (2 × 5,670 kW) Propulsion: Two shafts; fixed pitch propellers Speed: 19 knots (35 km/h; 22 mph) Crew: 116 Vessel The ferry, named after the Catholic Saint Thomas Aquinas, was a 455-foot (139 m) long roll-on/roll-off ferry capable of transporting both passengers and their vehicles. It measured 11,000 tons and was commissioned in 1973. It was operated by 2Go at the time of its sinking...
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...Around the World/Family Traditions By Cathy Abraham/2003 HOLIDAYS CELEBRATIONS AROUND THE WORLD Curriculum Goal – Children will explore different ways in which people celebrate holidays, and foster respect for other cultures and traditions. Vocabulary: - Chanukah - Kwanzaa - Dreidel - Christmas - Ramadan Letter of the Week: C Colors of the Week: Red and Green Concepts: - Families celebrate holidays in different ways – and that’s okay - People celebrate holidays based on what they believe and where they are from - Customs and traditions are things that families do every year - People eat different kinds of food when they celebrate - A family tradition is a way of celebrating Sensory Table Ideas: Curling ribbon and blunt, round-end scissors. Teach children how to curl ribbon. Art Activities: - Children cut out a pine tree (Christmas Tree) pattern. Decorate. - Make a collage from old Christmas cards, wrapping paper scraps, etc - Christmas/holiday cookie cutter prints - Make Holiday gift wrapping paper (sponge painting, etc.) - Passover candle menorah (made out of handprint) - Kwanzaa placemat (weave even-sized red and green strips of paper) - Snoglobe (babyfood jar, silver glitter, small winter or holiday theme décor minature figure glued to the bottom. Add water. Glue babyfood jar shut) - Star of David Ornament (Children make 2 triangles out of 6 craft sticks. Glue. Place one triangle over the other at an angle, going the other way) - Pipecleaner candycanes (Twist a red and a...
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...South Korea Essay Korea is known as the “Land of the Morning Calm.” This expression comes from the beginning of the modern history of Korea. Koryo means “high” and “clear.” This word symbolizes the clear blue sky of Korea. The beautiful nature of Korea is expressed through this ancient name. The beginning of Korean history started from 2333 B.C. The Korean peninsular adjoins China and Japan. Korea was conquered by Japan and divided into South and North Korea at the end of World War II. The Korean War caused devastating damage to Korea. However, it should be noticed that despite frequent foreign invasions, the Korean Peninsula has been under a single government while maintaining its political independence, culture and ethnic heritage. Not that long ago, South Korea was one of Asia’s economic success stories – one of the region’s hungry “tigers” looking around for new markets to conquer. Seoul, its capital, modernized in a very rapid amount of time to accommodate the needs of business travelers and has brought the country’s colorful traditions and trademark tranquility. The unique elements of culture The population of the Korean Peninsula, sharing a common language, ethnic identity, and culture, was one of the world’s most homogeneous. Although there were significant regional differences even within the relatively small land area of South Korea, neither the Democratic People’s Republic of Korea (North Korea) nor South Korea had significant non-Korean ethnic minorities...
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...Teaching Case ______________________________ Journal of Applied Case Research Sponsored by the Southwest Case Research Association “BUSINESS AS UNUSUAL”: A CASE STUDY ON THE BODY SHOP Subhadip Roy ICFAI University, India Lopamudra Ghosh ICFAI University, India © Journal of Applied Case Research Accepted: September 2008 2 “BUSINESS AS UNUSUAL 1 ”: A CASE STUDY ON THE BODY SHOP “The business has existed for one reason only – to allow us to use our success to act as a force of change, to continue the education and consciousness-raising of our staff, to assist development in the Third World and above all, to help protect the environment. What we are trying to do is to create a new business paradigm, simply showing that business can have a human face and a social conscience”. - Anita Roddick (1991) 2 ANITA RODDICK STEPPED DOWN AS THE BODY SHOP CHAIRPERSON February 2002, the founder of one of the biggest cosmetics companies in the world, Anita Roddick (Anita) stepped down as the chairperson of the Body Shop along with husband Gordon Roddick (Gordon), who was a co-chair along with her. A number of controversies in the mid and end 1990’s had badly affected the company’s image as doing “business with a human face” as opined by Anita in the quote given above. Periods of losses, coupled with poorly motivated shareholders, de-motivated franchisees, unsuccessful restructuring attempts and public propaganda against the company was proving to be too strong for the company...
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...ue [pic] Final paper Lars Isaksaetre, Henrik Oiseth, and Jason Casey BUSA 499, Section One Professor Pham May 13, 2009 Table of contents Executive summary……………………………………………………………… page 2 Company profile…………………………………………………………………… page 3 Overview of the jewelry industry………………………………………………. page 4 External environment………………………………………………………… page 5 Industry analysis……………………………………………………………… page 10 Jewelry supply chain…………………………………………………………. page 16 Industry value chain, Jewelry Retail………………………………………….. page 19 Company analysis……………………………………………………………… page 24 SWOT…………………………………………………………………………… page 46 Financial ratios…………………………………………………………………… page 50 Strategies………………………………………………………………………… page 53 Preferred strategy……………………………………………………………….. page 60 EVA……………………………………………………………………………… page 62 Blue Nile balance sheet…………………………………………………………… page 63 References…………………………………………………………………………. Page 64 Executive Summary Blue Nile is a publicly traded company. The company was established in 1999 and is headquartered in Seattle, WA and is one of leading online retailers of diamonds and fine jewelry. In addition to serving the U.S. market, Blue Nile offers products to selected countries through its Canadian and UK websites. 70% of their sales are from engagement rings and wedding bands and they are known for being a high-end jewelry retailer. The company offers its products on its websites without actually holding the...
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...RETAIL PLAN ROBINSONS MAGNOLIA A Final Paper Presented to the Marketing Department De La Salle University In partial fulfillment Of the course requirements .in MARKRET. Del Carmen, Michelle Felizardo, Miguel Moynihan, Danny Tan, Miya Yatco, Jethro August 28, 2013 A. Assessment of the Mall Retail Audit by Classification *See Appendix A Target Market Description This mall caters to a demographic of young professionals with an age ranging from 23-30 both male and female genders either single or newlyweds in the B and C socioeconomic classes. they are the dominant demographic that the mall caters to this is reinforced by the abundance of the available condominiums within the area making the mall and the area around it a mixed use development. this ensures the inevitability of the residents of these condos, which will most likely be yuppies due to the “condo living” nature of these residences, will definitely buy from nowhere else but robinsons magnolia since it is just simply convenient to do so. Although the mall is situated in an area with quite a number of educational establishments such as LSGH and it gets a lot of visits from students that are in the area it is really still the yuppies that bring in the most business since they are the ones that have the most purchasing power. any revenue produced from the students is usually either on impulse such as an after final exam binge or the fact that it is really just the nearest place to make a purchase so the mall also leverages...
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