Income Statement 1/1/2008 - 12/31/2008 | Revenue | | | $3‚249‚580.53 | | Direct Expenses | | | | Salaries & Wages | $487‚437.08 | | | Vehicle Maintenance | $64‚991.61 | | | Fuel | $20‚449.80 | | | Traps & Chemicals | $1‚378‚203.63 | | | | $1‚951‚082.12 | $1‚951‚082.12 | | | Indirect Expenses | | | | Rent | $39‚338.17 | | | Licenses | $2‚480.00 | | | Insurance | $103‚613.43 | | | Administrative Salaries |
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Berry’s Bug Blaster Due to the recent success of Berry’s Bug Blasters the owner is seeking to expand operations and has three options in which to fund this expansion. The first option is to take the company public by offering shares of the company in the form of an initial public offering (IPO). The owner can also seek to purchase the struggling competitor. The final option is to merge the business with another pest control company. The owner of the company must weigh each option because each
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Team Learning Summary Week Three By: Alicia Pepitone‚ Mohil Shah and Tillie Richardson ACC/290 08/18/2012 Michael Mitchell Team Learning Summary According to IRS‚ "Cash and accrual based accounting both have general rules of putting in the gross income. With cash you must also enter property and services at their fair market value. Accrual is the income for the tax year that all events of income occurred. Accrual based accounting have special rules for
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Strengths of IPO Going public through an Initial Public Offering‚ or IPO‚ could be a great way for Berry’s Bug Blasters to raise a substantial amount of cash very quickly. This infusion of cash‚ if managed properly‚ could help their company expand into other geographic regions or expand their service offerings. They could use this cash‚ which they would otherwise not have‚ to purchase the necessary equipment to improve their pest treatment services. For example‚ by investing in “greener” pest
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Virtual Organization Strategy Paper Companies have numerous options when determining how to meet their capital needs or when faced with a lucrative opportunity for expansion. Businesses must decide whether offering an initial public offering of stock‚ merging with another business‚ or acquiring another company presents the best option. Each method possesses
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Integrative Problems and Virtual Organization Strategy Finance for Business 370 March 21‚ 2012 Integrative Problems and Virtual Organization Strategy Team A has been assigned the task of examining expansion methods for the Riordan Manufacturing Company. Team A will perform an evaluation of the strengths‚ weaknesses/limitations‚ opportunities‚ and threats relating to the challenges of going public through an Initial Public Offering. Team A will draw a conclusion concerning the success that the
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employs over a thousand personnel divided between drivers and support personnel. Team B analyzes the best option for Huffman Trucking between going public through an IPO‚ acquiring another company within the same industry‚ or merging with another organization. Comparing the strengths‚ weakness‚ opportunities‚ and threats of all three options will help Team B to make a smart decision. Strengths of Each Approach Huffman’s Trucking has many advantages for a going public. The most distinct advantage
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Virtual Organization Strategy Paper Melisa O’Neal‚ Nathan Reade‚ Jamie Vazquez‚ Scott Marquez FIN 370 April 4‚ 2011 Thomas Rietta Virtual Organization Strategy Paper Kudler Fine Foods was founded in June 1998 by Kathy Kudler. Within nine months the store reached the break-even point and showed a profit by the end of the year. In the next five years Kudler Fine Foods would expand to three locations and has proven to be a profitable business. Currently‚ Kudler Fine Foods is a privately
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Resource: Virtual Organizations Click the Virtual Organization link on the student website to access the Virtual Organizations. Select one of the Virtual Organizations as the basis for the assignment. - lets decide on this soon since Ms. Angela has to approve this selection. Obtain faculty approval of your selected organization before beginning the assignment. Access the information contained in your selected organization’s balance sheet and income statement to calculate the following:
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Running Head: BERRY’S BUG BLASTERS Berry’s Bug Blasters FIN 370 January 18‚ 2010 Berry’s Bug Blasters Berry’s Bug Blasters is a privately held pest control company that has been in business since at least 2005. They offer customers one time treatment and monthly service plans‚ as well as chemicals to allow customers to complete some treatment on their own to eradicate a variety of pests‚ including: roaches‚ termites‚ ants‚ scorpions‚ rodents‚ armadillos‚ snakes‚ bed bugs‚ silverfish and bees
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