Pretzel Haven Inc. Business Plan Student Name ACC 302 November 23, 2013 Teacher name Pretzel Haven Inc. Business Plan Cover Letter Business info Jane Smith USAA 9800 Fredericksburg San Antonio, TX 78288 November 23, 2013 Dear Mrs. Smith, I have prepared a business plan while carefully considering the need of my business as well as how this will be a favorable investment for your bank. I sincerely hope you will examine the business plan with an open mind and consider providing
Words: 2249 - Pages: 9
the plane. In the Trans-Share case, customers enter into purchase agreements with the company to lease aircraft for a five year period. Characteristics of a lease can be found in code ASC 840-20-25-1, which indicates that rent shall be charged to expense by the lessee and reported as income by the lessor over the lease term as it becomes receivable. However if collectability of assets received is doubtful, revenue may be recognized as cash is received instead of accruing revenues. As a lease, the
Words: 1414 - Pages: 6
Executive Summary Ugo Bizzarri must make a recommendation to the board of directors on how to obtain funding for the upcoming operating expenses. In addition the recommendation must be made quickly and effectively while resolving the issues of having a low current ratio and having high expenses. There have been projected financial statements created based off the previous years to obtain a clearer image of where the company will be in the next year. The alternatives discussed include borrowing
Words: 275 - Pages: 2
Owners) Players compensation is a significant part of the teams expenses. The team uses accrual accounting which recognizes revenues to expenses at the time in which the transaction occurs rather than when payment is made. Although players’ compensations are not paid immediately in cash it is very likely the team will pay them. If the team does what the players suggest and deffers compensation expenses it would not show accurate expenses and therefore over value itself. 3. Transferg pricing of related
Words: 261 - Pages: 2
Telephone Case 1) In my opinion the expenses that are variable with respect to revenue hours at Salem Data Services are Power, Hourly personnel, and Sales promotion. I believe these expenses are variable because they change with revenue. Corporate services is a mixed cost and there is not enough information to ascertain the portion that is variable. The fixed expenses with respect to revenue include, Space costs, Equipment costs, depreciation expense, Salaried staff, system development and
Words: 1002 - Pages: 5
...................................................................................................12 6. Management and Organization..................................................................................................15 7. Startup Expenses and Capitalization.........................................................................................20 8. Financial Plan.....................................................................................................................
Words: 6713 - Pages: 27
: : $ 3 - ) F- C 7 B F 3 0 , 1 ) A 1. Gross Revenues 2. Less: Cost of Goods Sold 3. Gross Margin 4. Operating Expenses 5. Salaries & Benefits 6. Rent & Utilities 7. Other Expenses 8. Depreciation 9. Total Operating Expenses 10. Net Income Before Interest & Tax 11. Net Interest Income (Expense) 12. Tax Expense 13. Net Income (Loss) 1,000 600 400 100.0% 60.0% 40.0% 200 20 40 28 288 112 (5) 30 20.0% 2.0% 4.0% 2.8% 28.8% 11.2%
Words: 817 - Pages: 4
is because the incomes and the variances did not exceed their targeted budget. Therefore, they can save more if they continue. They only need to improve the budget and income of the TAFE Restaurant. Included in the report is their expenses report: Expenses Actual Budget Variance COGS $102,000 $100,000 $ 2,000 Electricity $ 10,400 $ 10,300 $ 100 Repairs $ 5,700 $ 3,900 $ 1,800 Administration Costs $ 3,000 $ 2,250 $ 750 Wages – Catering $ 79,200 $
Words: 671 - Pages: 3
the financial expansion of Huffman Trucking was in cash or cash equivalents or by taking on additional long-term debt. The horizontal analysis of the 2020/2011 income statement data shows total operating expenses increased 15.3%, but most of that seems to be related to an increase in fuel expense (23.1%). Additionally, an increase of 14.4% in revenues from the previous year was noted. The steady increases in income improved the company’s ability to obtain debt and equity financing. Vertical Analysis
Words: 663 - Pages: 3
Mission Statement Smooth Look Detailing is committed to providing quality service offering convenience to customers, top of the line products, and a finished product that makes cars look like they just drive out of the showroom. Our mobile service allows our customers the flexibility to utilize our services at a location convenient to them. Our corporate culture is defined by 4 commandments: * Treat all customers and employees with dignity and respect * Provide the highest level of service
Words: 3532 - Pages: 15
