Ben and Jerry’s Introduction: Overview of the Case The corporation of Ben and Jerry’s first began on May 5‚ 1978 in a small town called Burlington located in Virginia. The founders of this ice cream parlor were Ben Cohen and Jerry Greenfield with only limited funds of $8‚000‚ they produced a famous nationwide parlor that caters to millions of people. Specialty flavors of Chocolate Chip Cookie Dough‚ Cherry Garcia‚ Rain Forest Crunch‚ and frozen yogurt are attractions and symbols to the corporation
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Ben and Jerry’s Ice Cream 1997 Ben and Jerry’s Perry Odak 1997 Background Ben Cohen and Jerry Greenfield were childhood friends born four days apart in Brooklyn‚ New York‚ in 1951. You could say that ice cream runs in their veins. During his senior year of high school‚ Ben drove an ice cream truck. After high school‚ he attended and dropped out of various colleges in the Northeast‚ eventually leaving his studies altogether to teach pottery
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KEEPING THINGS ORGANIZED AT BEN & JERRY’S SUMMARY: This case is on an ice cream parlor which is Ben & Jerry’s and it was started by Ben and Jerry in 1978 at a small gas station in Burlington Vermont. The initial goal of the company was to sell ice cream just for fun‚ but just within no time they became so much popular that now they were a $45 million dollars company. The main reason for this was its unique culture which they followed and which was not moving on alone but to move
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Addressing the behaviors and ideas surrounding Jerry’s grief and the grief of his family could be best handled by helping them to find a new "rational" meaning to their lives. the void of Jerry’s sibling‚ Jamie has him in fear of losing loved ones and as he has stated‚ sometimes causes him to worry to the point of being very uncomfortable which he does not want to do. Jerry mentions in the video clip "A family disrupted: dealing with the death of a sibling" that he knows he needs to move on and live
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Ben & Jerry’s and Unilever: The Bohemian and the Behemoth FACTS: Ben & Jerry’s success is a direct result of transitioning form a local Vermont-based ice-cream producer into a large multinational corporation as part of an acquisition initiated by Unilever. The company’s three interrelated mission statements stand to complement each other and through history and culture have successfully turned Ben & Jerry’s into a social behemoth. Following a merger with the multinational juggernaut
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amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N.B.
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Culture Ben and Jerry’s corporate culture is one that focuses on the environment‚ its products‚ and people. The corporate culture of “Doing Good by Doing Good” and “Peace‚ Love and Ice cream” establish the guideposts for how employees behave in the business. Ben and Jerry’s hold a deep respect for people both inside and outside the company. Ben believes that “Businesses have a responsibility to give back to the community‚” while Jerry believes that “If it’s not fun‚ why do it?” Both Ben and Jerry
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The narrator thought that Jerry had no mother‚ but Jerry kept insisting that he did. Jerry said his mother lived in a cabin near the woods. He told the narrator that his mom abandoned him because she was too busy and couldn’t handle him. The narrator thought that he was lying and couldn’t trust Jerry anymore. The narrator told Jerry that he shouldn’t lie that he’s got a mother. The narrator wanted to believe Jerry but she knew he was lying. The narrator told Jerry why his mother abandoned him.Jerry
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Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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M3 Interpret the contents of a trading and profit and loss account and balance sheet for a selected company explaining how accounting ratios can be used to monitor the financial performance of the organisation . Profit and Loss account. The P&L will not tell you about the underlying health of the business‚ such as how much money it owes or is owed and what the value of its assets are. It shows how much money did business made in a year. It records two things sales and cost/turnover.
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