...Stand (DGLS) Accounting Summary Report – Season One Bus 599 - Introduction to Quantitative Principles 12 September 2010 Background The enclosed DAMM Good! Lemonade stand (DGLs) accounting summary is a quantitative snapshot of financial transactions that have occurred during the first season of operation of DGLs. This accounting summary report has two aspects: to generate common accepted financial statements that reflect the health of the business and to provide concise but insightful interpretations and necessary recommendations deduced from the data (Larson, 2008). Financial Position Summary Appendix I: Daily Seasonal Data * The seasonal data was used as an “ad hoc” journal or daily receipts record to build each of the financial worksheets. Appendix II: Financial Journal The DGLs Financial Journal is the formal recording of five aspects of a transaction that is found in the Daily Seasonal Data: (1) its date, (2) brief description of the transaction, (3) ledger account to be debited and amount, (4) ledger account to be credited and amount, and its (5) cross-reference title for other financial reports. It also includes additional data entries such as the weather condition on that day and number of hours the stand was open to help “flush out” the other factors affecting the DGLs. This approach provides an audit trail and a means of analyzing the effects of daily transactions on DGLs’s financial position. * The DGLs first season Financial Journal reflects...
Words: 1732 - Pages: 7
...TOWN OF BELMONT CASE STUDY Executive Summary Course: ACCY6900.10 Professor: Marcus Melton, CIA, CGFM, PMP Student: xxxxxxxxxxx Date: xxxxxxxxxxxxxx Introduction The purpose of this summary is to present the results of a cost comparison analysis of the Town of Belmont’s two options in providing snow plowing services: to replace six of their snow removal vehicles on a one-to-one basis; or to subcontract six more vehicles for snow plowing services. This summary will also explore some of the financial and non-financial implications of public service outsourcing versus keeping the service mainly in-house, specifically in relation to the snow plowing services for the Town of Belmont. The Results of the Financial Cost Analysis The results of the financial cost analysis are presented in Tables 1 to 4 in the Appendix and the reasoning behind the calculations and assumptions that led to the results are summarized at the end of the Appendix. The results of the cost analysis indicates that the cost of using the new and more efficient snow plowing vehicles (Walther Snow Fighters) would be approximately $896 per vehicle for one season, during conditions with more than three inches of snowfall. In those same conditions, the cost of subcontracting vehicles to carry out the snow plowing services would be approximately $1,264 per vehicle for one season, indicating a difference of approximately $368 (Refer to Table 4 in the Appendix). This does...
Words: 1914 - Pages: 8
...and increase the work efficiency by restructuring the organization structure. Short-Term (Immediately to September 2010, before winter season) 1. Develop a business plan for successful business transition and expansion. 2. Start training and a succession planning for successful business transition. 3. Start building a new greenhouse. Cash payment is recommended. Med-Term (November 2010 to Three Years) 1. Hire sales personnel with an incentive plan for sales increase. Advertising is recommended. 2. Expand the market. 3. Training and recruitment should be done in winter season. Long-Term (After Three Years) 1. Complete the transition of the business ownership and continue expanding the market. Control/Feedback 1. Incentive plans should be given to non-family employees in order to avoid the lack of motivation. Commission incentives are recommended. 2. Advertising on newspaper, school board, or websites (classified, kijiji) will be the advertising channels for recruitment. Contingency 1. Bank loans for investing building are the second recommended option. 2. The structure of the business can be changed based on the demand. 3. If the demand after the expansion requires more capacity and productivity, the company should stop contracts of renting land to the local farmers. * Executive Summary Introduction Thomas Greenhouse, is located in Sudbury, Ontario, is previously owned by Earl and Lisa. Although the business is not...
Words: 958 - Pages: 4
...Marketing Plan For: Worcester Bruins ECHL Professional Hockey June 2014-July 2019 Submitted to: Michael Leamy, Professor May 20, 2014 Prepared by John Dunn Table of Contents 1.0 Executive Summary 3 2.0 Situational Analysis 3 2.1 Market summary 3 2.2 SWOT analysis 4 2.3 Competition 5 2.4 Services 5 2.5 Keys to success 6 3.0 Marketing Planning 6 3.1 Target market 6 3.2 Positioning 6 3.3Marketing mix 7 4.0 Implementation and Control of the Marketing Plan 8 5.0 Summary 10 6.0 Appendix: Financial Analysis 10 7.0 References 14 1.0 Executive Summary On November 2004, after 11 strong seasons of minor league hockey at the DCU center in Worcester, MA the city’s team, the Worcester Ice Cats announced that they would be moving to Peoria, Illinois. During this time, attendance averaged around 7,000 fans per game and provided an economical and fun night out for adults and kids alike. After a brief hiatus of two years, San Jose moved their affiliate to the city however the results were not like past years. As ticket prices rose and the product on the ice declined with several non-playoff seasons, attendance averages dropped to just over 4,000 (figure 1) and the cost of sending players across the country weighed heavily on the parent club. Although there have been bumps and struggles, Worcester remains a strong market for a professional hockey team, especially one with ties to a local NHL club such as the Boston Bruins. Boston’s current...
Words: 3380 - Pages: 14
...the past six seasons, 2002-2007. Game Year – Game – Opponent | Attendance | 2002-1 Baylor | 34200 | 2002-2 Texas | 39800 | 2002-3 LSU | 38200 | 2002-4 Arkansas | 26900 | 2002-5 USC | 35100 | 2003-1 Oklahoma | 36100 | 2003-2 Nebraska | 40200 | 2003-3 UCLA | 39100 | 2003-4 Nevada | 25300 | 2003-5 Ohio State | 36200 | 2004-1 TCU | 35900 | 2004-2 Texas Tech | 46500 | 2004-3 Alaska | 43100 | 2004-4 Arizona | 27900 | 2004-5 Rice | 39200 | 2005-1 Arkansas | 41900 | 2005-2 Missouri | 46100 | 2005-3 Florida | 43900 | 2005-4 Miami | 30100 | 2005-5 Duke | 40500 | 2006-1 Indiana | 42500 | 2006-2 North Texas | 48200 | 2006-3 Texas A&M | 44200 | 2006-4 Southern | 33900 | 2006-5 Oklahoma | 47800 | 2007-1 LSU | 46900 | 2007-2 Texas | 50100 | 2007-3 Prairie View A&M | 45900 | 2007-4 Montana | 36300 | 2007-5 Arizona State | 49900 | An important thing to note is that the homecoming game of every season is the second home game (bold), and is always well attended. Also the forth home game always corresponds with a local festival that always draws from attendance (italics). Summary of Forecasting Methods: Below is a table of the forecasting methods. The correlation coefficient, bias, mean absolute deviation (MAD), mean squared error (MSE), and mean absolute percent error (MAPE) are shown. | Correlation | Bias | MAD | MSE | MAPE | Naïve | -- | 541.38 | 6865.52 | 69,856,200 | .19 | Moving Average (3 periods) |...
Words: 837 - Pages: 4
...the past six seasons, 2002-2007. Game Year – Game – Opponent | Attendance | 2002-1 Baylor | 34200 | 2002-2 Texas | 39800 | 2002-3 LSU | 38200 | 2002-4 Arkansas | 26900 | 2002-5 USC | 35100 | 2003-1 Oklahoma | 36100 | 2003-2 Nebraska | 40200 | 2003-3 UCLA | 39100 | 2003-4 Nevada | 25300 | 2003-5 Ohio State | 36200 | 2004-1 TCU | 35900 | 2004-2 Texas Tech | 46500 | 2004-3 Alaska | 43100 | 2004-4 Arizona | 27900 | 2004-5 Rice | 39200 | 2005-1 Arkansas | 41900 | 2005-2 Missouri | 46100 | 2005-3 Florida | 43900 | 2005-4 Miami | 30100 | 2005-5 Duke | 40500 | 2006-1 Indiana | 42500 | 2006-2 North Texas | 48200 | 2006-3 Texas A&M | 44200 | 2006-4 Southern | 33900 | 2006-5 Oklahoma | 47800 | 2007-1 LSU | 46900 | 2007-2 Texas | 50100 | 2007-3 Prairie View A&M | 45900 | 2007-4 Montana | 36300 | 2007-5 Arizona State | 49900 | An important thing to note is that the homecoming game of every season is the second home game (bold), and is always well attended. Also the forth home game always corresponds with a local festival that always draws from attendance (italics). Summary of Forecasting Methods: Below is a table of the forecasting methods. The correlation coefficient, bias, mean absolute deviation (MAD), mean squared error (MSE), and mean absolute percent error (MAPE) are shown. | Correlation | Bias | MAD | MSE | MAPE | Naïve | -- | 541.38 | 6865.52 | 69,856,200 | .19 | Moving Average (3 periods) |...
Words: 837 - Pages: 4
...To: Professor Mark Swain From: Ariel Lasher Date: April 5, 2014 Subject: Marketing (BUS141B) Table of Contents Executive Summary 2 Introduction 2 Answer Questions/Assignment/Analysis 2 Conclusions and Recommendations 3 References 3 Executive Summary Philadelphia Phillies Inc. is a privately owned business that serves the public with the sport of baseball. David Montgomery is the chief executive officer (CEO) of the company, David Buck is the Phillies’s vice president of marketing, and Bonnie Clark is the vice president of communications. As part of the marketing strategy, the Phillies moved into the Citizens Bank Park in 2004 and Montgomery said, “Bring everyone in closer… Our challenge is to appeal to all segments in that audience.” The reason for marketing in this company is because the fans cannot be promised a win every game. There are several different types of fans, so the marketing team must find a way to make each and every fan feel welcome and comfortable, and to enjoy the entertainment that baseball provides. The Phillies also hosts charity fundraisers for several organizations. Introduction The Phillies family - from the players, coaches and their wives to the alumni, Ballgirls and front office staff - take great pride in giving back to the community. The entire Phillies organization teams up annually to host a variety of special events and fundraisers, prepare and serve holiday dinners to feed the homeless, clothing drives...
Words: 1128 - Pages: 5
...Lemonade Stand Account Summary Report Olivia Amosun BUS 599 Introduction to Quantitative Principles October 13, 2014 Instructor Kurt Diesch The following report states the operating activities of the Lemonade Stand during season one. The journal, income statement and balance sheet will express the flow of funds in expenses and income including any gains or loss during the accounting period. Exhibit 1.1 Journal First Season |Date |Description |Debit | |Credits | | | |Account |Amount | |Account |Amount | |1 |Partnership |Cash | 40.00 | |Equity | 40.00 | |1 |2 pitchers, 2 spoons |Equipment | 11.50 | |Acct. Payable | 11.50 | |1 |Purchase supplies |Inventory | 7.50 | |Acct. Payable | 7.50 | |1 |Sold 23 @ 0.5 |Cash | 11.50 | |Revenue | 11.50 | |1 |Supplies used |Expenses | 6.96 | |Inventory | 6.96 | |2 |Purchase supplies |Inventory | 11.50 | |Acct. Payable | 11.50 | |2 |Supplies used |Expenses | 5.21 | |Inventory...
Words: 740 - Pages: 3
...Plan Outline Executive Summary Goals Mission Keys to Success Company Summary Company Summary Company Ownership Start-up Summary Company Locations and Facilities Legal Considerations Products and Services Products and Services Product and Service Description Competitive Comparison Fulfillment Technology Market Analysis Summary Market Analysis Summary Target market Target Market Segment Strategy Market Needs Market trends Market growth Service Business Analysis Business Participants Strategy and Implementation Summary Competitive edge Marketing strategy Positioning statements Promotion strategy Sales strategy, Sales forecast Management Summary Management team, Personnel plan Financial Plan Break even analysis Projected profit and loss Projected cash flow Projected balance sheet Executive Summary Executive Summary The shift of dogs from the role of a pet to valuable member of the family, has resulted in the emergence of a booming pet industry market. One of the most profitable and popular businesses to be born out of the shift in society is Dog Daycare. At PAWS Dog Daycare we specialize in caring for dogs while there owners are at work, or have other commitments that would force their dog to be left home alone. We are dedicated to giving the pets in our care a fun filled day, of emotional and mental stimulation, and providing the owners with the peace of mind that their pet is receiving the utmost in personal care and attention while they are participating in activities...
Words: 10505 - Pages: 43
...Logistics Case Study: California Strawberry Competitiveness in Chicago, Paris and Tokyo. Professor: Jonathan M. SELTZER Submitted: 19.02.2016 Strawberries are popular worldwide due to their organoleptic qualities, nutrient content and versatility. The international trade of strawberries, fresh and processed, has grown in recent years with global sales of 1,533,000 tonnes in 2013, a 29% increase from 2006 according to data from Trade Map. This following report focuses on the ability of California’s strawberries to compete in the Chicago, Paris and Tokyo markets and the logistical details of their distribution to each market. CALIFORNIA STRAWBERRY PRODUCTION The following data comes from the California Strawberry Commission. California is the largest strawberry producing state in the US, which is the largest strawberry producing country in the world. In 2014, more than 2.3 billion pounds, equivalent to more than 1 million metric tons, of strawberries were harvested. This accounts for 88% of the nation’s strawberry production. Despite recent shrinking strawberry acreage, California continues as the leading strawberry producing region in the world and is expected to supply over 79% of the volume consumed in the U.S in 2016. Due to its coastal climate, moderate temperature and rich soil, California is capable of producing strawberries year-round with peak crop harvest availability between April and July. It should be noted that California’s ability to maintain its...
Words: 2012 - Pages: 9
...XYZ LTD. Health & Medical Solutions Business Plan Proposal Executive Summary XYZ LTD. was established in 2012 by Mr. AAA, its’ major business focused on trading health & medical products. Its’ location is at Aqaba region in Jordan. Mr. AAA has set up a business plan which includes the following activities: • Obtaining information (about health & medical products, the market and its characteristics, competitors and their products important information, etc.) • Analyzing Information (Feasibility study and statistical analysis were conducted on different types of information on economic, social, educational and cultural grounds) • Setting up a strategy (the strategy was derived from XYZ’s mission, XYZ’s values, and XYZ’s objectives illustrated by which plans to achieve these objectives were demonstrated) • Providing forecasts (short, medium, and long terms forecasts) for the business with all related information (such as expected costs, expected sales, etc.) • Preparing a diagnostic report and a preliminary proposal. (sent to Freeda earlier this month). Obtaining information Information obtained related to: 1) health & medical products 2) Market Characteristics (External Work Environment) 3) Staff Members 4) Government Agencies related and requirements (for licensing/certifying/etc) 5) Customers (Local and Regional) 6) Suppliers 7) Competitors 8) Other Analyzing Information A number of methods were approached...
Words: 1850 - Pages: 8
...Stanza 1 Summary Lines 1-2 Season of mists and mellow fruitfulness, Close bosom-friend of the maturing sun; * From the title it's clear that the speaker is talking about autumn. The speaker briefly describes the season and immediately jumps into personification, suggesting that autumn and the sun are old pals. * "Mists" often accompany chilly weather because the moisture in the air condenses into a vapor when it's cold. * "Mellow fruitfulness" sounds like something people would say at a wine tasting, doesn't it? "Mmm...this season has a mellow fruitfulness, with just a hint of cherry and chocolate." The word "mellow," meaning low-key or subdued, is a good fit for autumn, with its neutral colors and cool, yet not cold, weather. And it's also the season when many fruits and other crops are harvested, making autumn fruit-full. * Autumn is a close friend of the sun, who is "maturing" as the year goes on. "Maturing" could be a polite way of saying "getting old." The sun is no longer in its prime. * A "bosom-friend" is like that friend you told all your secrets to in junior high school. Lines 3-4 Conspiring with him how to load and bless With fruit the vines that round the thatch-eves run; * Ah, so now the sun and autumn are "conspiring," eh? Looks like we might have to separate the two of them. What are they whispering about over there? * OK, so not quite as thrilling as we thought. They are planning how to make fruit grow on the vines that curl...
Words: 3356 - Pages: 14
...reported to the media and impacts the companies share price. 2. -Even with their issues, by analyzing yearly data it is clear that revenue has grown steadily. Sales revenue has grown yearly from 87,768,000 in 2004 to 228,305,000 in 2011. This can be linked to improvements in crop yield and irrigation causing an increase in demand. Mahindra likely would have grown even more if they were able to provide the proper tractors to dealers. In fact, by analyzing the data from months January 2004-Decemeber 2011 we see that the tractor industry as a whole experienced more growth compared to Mahindra. The slope of the industries trendline is 9.314 compared to 4.076 for Mahindra. -Revenue tends to be consistent throughout the year. Even during the peak seasons of April through June and September through November, with a seasonal index of only 1.0758 during Quarter 2 we see only a slight increase in revenue during the second quarter of...
Words: 994 - Pages: 4
...Sport Obermeyer, Ltd. Business Case Report Sport Obermeyer, Ltd. Business Case Report Table of Contents Executive Summary 1 Issue Identification 2 Environmental and Root Cause Analysis 3 Alternatives & Options 4 Recommendations 5 Implementation 6 Monitor and Control 7 Sport Obermeyer, Ltd. Business Case Report Executive Summary Each year we are challenged with matching supply and demand. With a cycle time of a year and a half we have been challenged to make accurate production forecasts. This has caused us to compromise service levels, run higher inventories, raising costs and declining sales. We need to address the processes to deal with irregular demand and also how to work with our suppliers and manufacturers to address inefficiencies in the supply chain to reduce lead times. In this report, some recommendations of operational improvement such as decrease lead times with Textile and Accessory Suppliers, increase apparel manufacturers production by increased use of subcontractors, decrease minimum order quantities (Obersport) are discussed. I have also reviewed the pros and cons of sourcing products in Hong Kong and China in my analysis. The outcome of my review is a recommendation that we work with our manufacturers to decrease minimum quantities. This will allow us to respond to our customers requests with improved agility. ...
Words: 1133 - Pages: 5
...| 2011 | | Marketing PlanPrinciples of MarketingCasey Pate | Sunshine Lawn Care | This is a fictional Marketing Plan for Principles of Marketing 3113. | Table of Contents 1.0 Executive Summary 1 1.1 Goals 2 1.2 Mission 2 1.3 Keys to Success 2 2.0 Company Summary 3 2.1 Company Ownership 3 2.2 Start-up Summary 3 3.0 Services 4 4.0 Market Analysis Summary 4 4.1 Market Segmentation 4 4.2 Target Market Segment Strategy 5 4.3 Service Business Analysis 5 4.4 Competition and Buying Patterns 5 5.0 Strategy and Implementation Summary 6 5.1 Competitive Edge 6 5.2 Marketing Strategy 6 5.3 Sales Strategy 6 5.4 Sales Forecast 7 6.0 Milestones 9 7.0 Management Summary 10 7.1 Personnel Plan 10 1.0 Executive Summary Sunshine Lawn Care is a residential lawn care service targeting homes within the Washington County area which the owners cannot care for well on their own. Many families in Washington County who have chosen to buy homes are unprepared for the level of care such lawns require, and end up with small gardens near the house, weeds and overgrown yards further away. Lastly, white-collar families will be targeted instead of blue collar families as the blue collar families are more likely to do the lawn themselves. Sunshine Lawn Care will start out as a partnership, owned jointly and equally by Casey and Nicholas Pate. For the last five years, Nicholas has worked as head landscaper at a local landscaping company. With this experience...
Words: 3068 - Pages: 13