600,000 | | Accruals | $ 400,000 | | Total current assets | $ | 2,960,000 | | Total current liabilities | $ 3,500,00 | | | | | | | | | Fixed assets | $ | 2,240,000 | | Common stock | $1,600, | 000 | | | | | Retained earnings | $ 100,000 | | Total assets | $ | 5,200,000 | | Total liabilities and equity | $5,200,000 | | b. Assume that in 2008 sales increase by 10 percent over 2007. How much additional
Words: 344 - Pages: 2
Executive Summary Introduction Jolly's Java and Bakery (JJB) is a start-up coffee and bakery retail establishment located in southwest Washington. JJB expects to catch the interest of a regular loyal customer base with its broad variety of coffee and pastry products. The company plans to build a strong market position in the town, due to the partners' industry experience and mild competitive climate in the area. JJB aims to offer its products at a competitive price to meet the demand of
Words: 5539 - Pages: 23
Priscilla’s Bakery Lekicia Williams-Gist Tuesday, September 6, 2011 Dr. Reeley Bus 508 Business Enterprise Executive Summary Priscilla’s Bakery is a bakery that sells homemade desserts that range from cakes, cupcakes, pies, and cookies. We can loosely be described as a quick-service restaurant, where customers come in order their favorite dessert and a drink, and enjoy the comforting atmosphere of sweet smelling flavors and aromas from the desserts. Priscilla’s Bakery will hold true to
Words: 2197 - Pages: 9
In business, when you hear the word partnership, it generally refers to a general partnership. In a general partnership, there are two or more partners. Each is liable for any debts or judgments taken on by the business. There is no limited liability, which means all the partners’ assets can be taken in a lawsuit or be targeted to settle debts should the partnership become insolvent. Any partner can be sued for the full amount of business debts. Another attribute of the general partnership is
Words: 3421 - Pages: 14
Yummies Vegetarian Cafe Kaplan University AB209: Small Business Management Business Description (Unit 2) Yummies Vegetarian Café is a vegetarian café designed to meet the needs of today’s discriminating, health-conscious diners looking for great-tasting food… both vegetarians and meat-eaters alike. Yummies Vegetarian Café will serve delicious, healthy, fun food that honors the environment and harms not a single animal in the making. Vision Statement (Unit 2) The vision I have for Yummies
Words: 1930 - Pages: 8
1. Which of the following statements is CORRECT? a. Perhaps the most important step when developing forecasted financial statements is to determine the breakdown of common equity between common stock and retained earnings. b. The first, and perhaps the most critical, step in forecasting financial requirements is to forecast future sales. c. Forecasted financial statements, as discussed in the text, are used primarily as a part of the managerial compensation program, where management’s historical
Words: 819 - Pages: 4
The company have also poorly forecasted sales from January to August ($11.9) with actual sales amounting to $8.7m. The company wants to borrow more money because it wants to buy new machinery at a cost of $350k and this is due to no machinery being replaced because of the economic downturn. The company purchased $420k worth of raw materials, which it will use by the end of the year. There was a substantial backlog of orders amounting to $16.5m on 31st August. There was a missing piece of electronic
Words: 628 - Pages: 3
1 Table of Contents The Concept .................................................................................................................................................. 4 The Management Team ................................................................................................................................ 4 Mission .......................................................................................................................................................... 5
Words: 4150 - Pages: 17
P3-2A Neosho River Resort, Inc. opened for business on June 1 with eight air-conditioned units. Its trial balance before adjustment on August 31 is as follows. NEOSHO RIVER RESORT, INC. Trial Balance August 31, 2008 Account Number Debit Credit 101 Cash $ 19,600 126 Supplies 3,300 130 Prepaid Insurance 6,000 140 Land 25,000 143 Cottages 125,000 149 Furniture 26,000 201 Accounts Payable $ 6,500 208 Unearned Rent 7,400 275 Mortgage Payable 80,000 311 Common Stock 100,000 332 Dividends 5,000 429 Rent
Words: 1218 - Pages: 5
ratio has increased from 65.81 to 74.52 because of steep rise in the price of natural rubber. Leverage management 1) Company has took secure loan (term loan) of Rs 300 Crs from bank in 2011 as result of that the interest liability and interest coverage ratio of company has declined to 1.26 in 2011 which is below to the lower limit of coverage ratio i.e. 1.5. The company can encounter difficulties in payment of interest in near future. 2) Leverage risk of company has increased
Words: 459 - Pages: 2
