...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...
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...Accounting Summary Report Curline Registe BUS 599 Instructor Roberts July 14, 2015 Accounting Summary Report Write a three- to four-page accounting summary report (not including the title page) that presents the financial reports for the Lemonade Stand Business. As part of your report include a journal, Income statement, and Balance Sheet. In the business world, Accounting Summary has proven to be a big part of the daily activities of a company. An Accounting Summary can consists of a Journal, Income statement or Profit and loss, Company Snapshot, Statement of Cash Flows, Balance Sheet, Scorecard and an Audit log. Basically these statements are designed to give a breakdown of the different aspects of the organizations daily financial activities. This essay will focus mainly on the journal, Income statement, and Balance Sheet for the Lemonade Stand Business. It will summarize the accounting activities and briefly present the Lemonade Stand Financial reports for four different seasons. The journal gives details regarding the organizations financial transactions for four seasons. In general the journal is designed to show the entire record of every transaction on a daily basis including debits and credits (Wild, Shaw & Chaippetta, 2010). The transactions will go as far back as the when the owner started out with only $40 and the debits and credits that added up to $406.60. The journal is written in chronological order by dates. The journal shows revenues that came by way...
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...This report provides factual quantative information on Lemonade Stand, sourced from financial statements, the business’ General Journal and financial data collected during Seasons One, Two and Three. The following economic summary report will consider how well Lemonade Stand’s business is performing by, among other things, deducting the stand’s capital costs from its profits. Through analysis of the previously stated quantiative information, the company will be able to measure how well the stand is using capital to build economic value, with perhaps deploying company resources in ways that will further enhance its economic value. In short, the economic summary report’s fundamental objective is to maximize the stand’s return for its owners, as well as to focus on very precise value-related targets, be they cost reductions, new investments, or other resource allocation. Over the three season period of review, Lemonade Stand has shown a steady revenue growth. Although this growth is positive, there are aspects of the business that, if managed more efficiently, could have brought the stand a significant increase in overall profits. First, the price per cup could have been increased throughout Season Two – instead of maintaining a steady price of $0.60 during the whole season. This simple increase in price would increase revenues and profits for the season. Second, there was a lack of wise management towards the purchase of supplies during Season Two. It was difficult to forecast...
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...DAMM Good! Lemonade 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...
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...Account Summary Report BUS 599 Accounting Summary Report T&T Lemonade stand consists of twin-sisters who decided to enter into a partnership by investing initial capital of $20.00 each to sell sparkling fresh, ice cold, lemonade to drink during blistering hot summer days in Florida. One of the twins, Tayshah came up with the idea and it has flourished into a prosperous adventure. They started their endeavor with a vision and determination, began from scratch, and in just short period turned their initial capital into a profitable business. This report provides information regarding the first six days of business for season one. This report consists of a journal, which provides a detail account of all financial transactions starting with day one and ending at day six, an income statement, which reports revenues and earnings, less the expenses incurred within a six-day period, and a balance sheet that explains the assets equal to liabilities plus equity. Journaling A journal gives a complete record of each transaction in one place, day to day and shows debits and credits for each transaction (Wild, Shaw, Chaippetta, 2010). Transactions started with the initial capital of $40.00 from Tayshah &Teighlor, twin sisters, owners and the total debits and credits of $406.60. This journal provides a chronological order by date totaling six-days. The journal capture revenues earned during the cash sales from the lemonade stand, debits for equipment and supplies...
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...This report provides factual quantative information on Lemonade Stand, sourced from financial statements, the business’ General Journal and financial data collected during Seasons One, Two and Three. The following economic summary report will consider how well Lemonade Stand’s business is performing by, among other things, deducting the stand’s capital costs from its profits. Through analysis of the previously stated quantiative information, the company will be able to measure how well the stand is using capital to build economic value, with perhaps deploying company resources in ways that will further enhance its economic value. In short, the economic summary report’s fundamental objective is to maximize the stand’s return for its owners, as well as to focus on very precise value-related targets, be they cost reductions, new investments, or other resource allocation. Over the three season period of review, Lemonade Stand has shown a steady revenue growth. Although this growth is positive, there are aspects of the business that, if managed more efficiently, could have brought the stand a significant increase in overall profits. First, the price per cup could have been increased throughout Season Two – instead of maintaining a steady price of $0.60 during the whole season. This simple increase in price would increase revenues and profits for the season. Second, there was a lack of wise management towards the purchase of supplies during Season Two. It was difficult to forecast...
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...Financial Summary Report Toreka Lewis BUS 599 Introduction to Quantitative Principles Dr. Harrison Green September 12, 2011 This summary seeks to explain financial transactions that have occurred during Season One and Season Two of the operation of the Lemonade Stand. The owners have combined the data in effort to fairly and accurately present a financial picture for the Lemonade Stand. Financial Position Summary Income Statement: the earnings from Season One and Season Two were not favorable. The number of units sold did not remain fairly consistent across the two seasons, but expenses were minimal during Season Two. Balance Sheet: the stand’s liabilities remained low in both seasons. They took more risks which resulted in decreased revenue in Season Two. Return on Equity: the stand was profitable in both seasons of operation. The stand has generated a good return on the investment. Return on Assets: the ROA indicated that wise choice in allocating resources were achieved and remained the consistent with Season Two. Profit Margin: the stand is maintaining its ability to control its cost by hereby sustaining profitability. Current Ratio: the stand remains positioned to pay its financial obligations. The financial health is good. Cash Ratio: the cash ratio decreases in Season One because of the instability of the stand, but increased in Season Two, the creditors may proceed with caution. Debt Ratio At this time, the stand is at risk. Debt-Equity Ratio: based...
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...Accounting Summary Report Angelique Gares BUS599 Introduction to Quantitative Principles Dr. Raju Singh April 12, 2010 . This report is the study of a six day season of a company Tropical Thirst’s lemonade stand and to create a journal of its transactions and produce an income statement and balance sheet into the operation of the business. The summary report will explain the nature of the business based on the number as it relates to the health of the operation. Based on the findings of the report, there are some recommendations as to how to best improve the operations of the business that is can be more successful. Tropical Thirst is a two person partnership with an initial capital of $20.00 each primarily for the sale of lemonade refreshing drinks. The transaction in the journal tells whether it’s an income statement account or a balance sheet amount. For example anything that is cash inventory, purchase of an asset, example equipment, are permanent account that goes into the balance sheet. The transactions then include revenue and expenses, example supplies used are temporary accounts that form the income statement. The income statement reports a company’s revenues and expenses along with the resulting net income or loss ( cited in ROSS. Custom book for Ashford: BUS599: MBA Essentials. McGraw-Hill. pg. 27). From the company income statement, they generated revenues of $185.90 from a six day period from a total expense and supplies of $59.95 and produce a total net...
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...Financial Summary Report Kenyatta Maggitt Dr. Lee Meadows BUS 599 March 26, 2012 An income statement is a summary of the income coming and going out in a business over a certain period time. The income statement covers fees earned, revenue, expenses and net income. At Magic Lemonade Stand, the earned income for the first season was $206.75. The operating expenses for inventories $4.77 and equipment $11.50 for a total operating expenses of $79.58. The Net income was $127.17. The statement of owner's equity is a summary concerning changes that occur in an owner's equity over a certain period of time. The statement of owner's equity lists the net income and the deductions for that period. The capital for the beginning of Magic Southern Lemonade was $40 and the retained earnings were $127.17 with $36.97 in withdraws, which increased the owner's equity to $167.17 and the overall capital for the month was $204.14. The balance sheet is a financial statement that itemizes the assets, liabilities, and equity for the business for a certain period of time. The total assets was $223.02 (cash $206.75, supplies $16.27 and accounts receivable$ 36.97) and the liabilities $36.97(accounts payable) and the owner's equity $167.17, total of liabilities and owner's equity $204.14. The statement of cash flow is an itemized cash receipts and cash payment summary for a certain time frame. The revenue was $206.75 and $79.58 in account payables for a difference of 127.17. Balance Sheet for Season...
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...MGT5STR Strategic Management Assignments (Semester 2, 2015) Strategic Management Case Studies (Semester 2, 2015) Individual Assignment Essay (50% of total mark) Case Study Analysis Word length: 3,000 words View the Video: ‘The Duck and the Lemonade Stand’ at http://www.youtube.com/watch?v=WmH2J9-50Gc Answer the following Assignment Question: “ Better a consistently applied mediocre strategy, than a series of ad hoc brilliant strategies.” Do you agree with this statement? Discuss having regard to 'The Duck and the Lemonade Stand’ as a basis for your argument. Theoretical concepts must also be included as part of your answer. Duck Reference: http://www.youtube.com/watch?v=WmH2J9-50Gc Some suggestions on how to answer this question (this list is not exhaustive). Your answer must be based in the theory and concepts taught in this course. As a minimum research requirement, the subject text book and required readings must be referenced as part of your research effort to answer this question. MGT5STR Strategic Management Assignments: S2, 2015 Department of Management, La Trobe University Page 2 of 7 Strategic Management Case Studies (Semester 2, 2015) Group Assignment Essay and Class Presentation (40% of total mark) “Baubles, Bangles, Beads & Beliefs’” Strategic Management in an Everyday Setting The Following Case is Entirely Fictitious Introduction You have been appointed Mayor of a local government region in Australia...
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...Chapter Two – What is Marketing Management and what do product managers and marketing managers do? The Meaning of the terms Marketing Manager and Marketing Management Traditionally if a person had the title of “manager,” it meant that s/he had the responsibility to help guide the activities of at least a few employees. While this terminology has changed over the years, we still consider someone who has the title of ‘manager’ to be responsible for overseeing the allocation of resources for the organization. For example, as an ‘individual contributor’ I might have the responsibility of performing certain work (for example, writing marketing literature for the firm’s products), but not be responsible for the activities of anyone other than myself. In high technology industries, the word manager is often replaced with “Director” to indicate that a person has primary responsibility for a certain organizational function. For example, the ‘marketing director’ may be responsible for all marketing activities in the firm. At other firms, the term ‘marketing manager’ would be used to describe the same thing. In some organizations, the Vice-President of Marketing may perform the same functions. The term Product Manager is often used in high technology industries to assign responsibility to a specific individual or group for the successful supervision of all marketing activities related to a specific product or service. Sometimes the product manager’s responsibility is defined...
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...Marketing Plan for Snapple Date: Dec. 5, 2011 TABLE OF CONTENTS EXECUTIVE SUMMARY………….………………………………………….…….pg. 2 COMPANY DESCRIPTION…………………………………………………………pg. 3 STRATEGIC FOCUS AND PLAN…………………………….………………….....pg. 3 SITUATION ANALYSIS…………………………………...……………………..…pg. 5 MARKET-PRODUCT FOCUS…………………………………………………….…pg. 7 MARKETING PROGRAM……………………………………………..…………….pg. 8 FINANCIAL DATA AND PROJECTIONS……………………………...…………pg. 10 ORGANIZATIONAL STRUCTURE……………………………………………….pg. 11 IMPLEMENTATION………………………………………….………………….…pg. 12 EVALUATION AND CONTROL…………………………..………………………pg. 13 Executive Summary Snapple is a well-known brand of iced tea and fruit drinks. It is a publicly traded company owned by Dr. Pepper Snapple Group. They are best known for their slogan of “Made From the Best Stuff on Earth” and Snapple Fact Caps. The company’s mission is to be the best beverage business in the Americas. It will achieve that goal through their philanthropic and sustainability efforts as well as building on their brand. The ready-to-drink industry is very competitive - containing teas, soft drinks, sports drinks and bottled water to name a few. The food and drink market is constantly changing. The current market trends are focused on health and wellness as well as its’ consumers being sure that the brands they use fit into their lifestyles. Consumers are more informed and knowledgeable than ever and it is important that a brand can deliver a message and product of the...
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...1. INTRODUCTION 1.1 Company Brief History Ben & Jerry’s (B&J) Ice Cream first started in 1978, where their very first scoop shop opened in a renovated gas station in Burlington, Vermont. It was founded by two friends, Ben Cohen and Jerry Greenfield, who started the business out of their passion for eating. It has slowly expanded its scoop shops to other states and started distributing its ice-creams in pints. In 1988, B&J introduced its 3-part mission statement which shows their desire and dedication to being socially and environmentally responsible in running its business. B&J also produces its ice-creams from fresh Vermont milk and cream. With its funky and interesting themes and its high quality ice-cream at affordable prices, it quickly gained popularity and have succeeded in expanding internationally, including countries like Singapore. 1.2 Mission Statement B&J’s mission statement is made up of 3 components; social, product and economic mission.[pic] Figure 1.2a: Ben & Jerry’s Mission Statement The factor that sets B&J apart from its competitors is its strong emphasize on its social mission. It did not just make an empty claim but has delivered its social mission through its development of a more recyclable packaging and entering a partnership with Nature Energy which provides clean energy alternatives. 1.3 Company Business Portfolio [pic] Figure 1.3a: Ben & Jerry’s Business Portfolio B&J is in a highly...
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...To: Mahmud Zubayer Senior Lecturer Department of Business Administration East West University Date of Submission 19th August, 2013 Letter of Transmittal August 19, 2013 Mahmud Zubayer Senior Lecturer Department of Business Administration East West University Subject: Submission of Assignment Dear Sir, We are very pleased to submit this assignment on “Nando’s” as you have permitted us in this semester. We are honored to prepare this assignment under your guidance since it gave us the opportunity to know the current marketing status of “Nando’s” and analyze its marketing condition. We tried our level best and to accumulate the information for you as comprehensive as possible. We will be obliged to provide further clarification on this report whenever necessary. Sincerely Yours, Md. Nahidul Islam Ratul ID: 2012-1-10-042 ................................. Susanta Basak ID: 2011-2-10-349 ………………………….... Md. Rakibul Bhuiya ID: 2011-2-10-347 ……………………….…… Sharif Ahmed ID: 2011-1-10-349 ……………………………. Acknowledgement We would like to express our gratitude and indebteless to our honorable faculty Mahmud Zubayer, Senior Lecturer, Department of Business Administration, East West University (EWU). He gave us a very helpful guideline and inspired us to do the work attentively....
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...WAFFLES AND PANCAKES A Feasibility Study Presented to The Faculty of College of Industrial Technology University of Rizal System Morong, Rizal In Partial Fulfilment of The Requirement for the Degree Bachelor of Technology Major in Hotel and Restaurant Management MA. ANGELIKA L. SEVERINO October 2015 CHAPTER 1 PROJECT BACKGROUND AND HISTORY Introduction The phenomenal success of Waffle Time and Pancake Houses has opened the door for many entrepreneurs in the Philippines to start their own businesses. Everyone else wants to learn these companies' trade secrets. However, the success of the business does not lie on the recipe itself. It's a combination of marketing strategy, good location, quality product and service, and branding. We need this project because many of Filipinos are hooked up by this waffles and pancakes. And with so many all-day breakfast restaurants popping up, it’s never been easier to eat breakfast food at any time of the day or if you’re a breakfast addict, for every meal. It’s not molecular gastronomy, but waffle can be a bit tricky. It can be mean different things to different people, for one thing. While it was the ancient Greeks who originally started cooking flat cakes between hot metal plates, it wasn’t until the 13th Century that they started being stamped with various designs. The Dutch were the ones who started calling them waffles and today, there are several different Belgium alone. Pancakes have a long history, dated back to the times of Ancient...
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