INTRODUCTION Carmen Diaz‚ with a ten thousand dollar loan from two of her cousins‚ and one thousand dollars that she invested in equity‚ was able to open a specialty store called Ribbons an’ Bows‚ Inc‚ which was located in Coconut Grove‚ Miami‚ Florida. Four months after opening the business‚ Carmen’s relatives requested a financial report‚ which was part of the original business arrangement. Within a short time‚ Carmen had expanded the business‚ purchased small equipment‚ paid wages to a part-time
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Table of Contents Issues 1 Facts 1 Analysis 3 Question 1 3 a. Report on the three-month operation of Ribbons an’ Bows‚ Inc. 3 b. Profit of the Company 4 c. The reason for the cash in the bank decline 5 Question 2 6 Question 3 8 Conclusions 9 Issues 1. a How would you report on the three-month operations of Ribbons an’ Bows‚ Inc.‚ through June 30? b Was the company profitable? (Ignore income taxes.) c Why did its cash in the bank decline during the three-month
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1. FS as a tool in decision making on the point of view of: a. Shareholders Financial statements provide a view on the company’s financial changes within a specific reporting period and confirm its overall state. They give information such that they provide shareholders with a picture of how well the company is doing. These enable them to evaluate a stock’s worth and aid them in making stock-related decisions such as buying/selling/retaining which provide them further on the status of their
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Case 1-1 Table of Contents Issues………………………………………………………………………………………………………1 Facts………………………………………………………………………………………………………..2 Analysis……………………………………………………………………………………………………4 Issues 1. Ribbons an’ Bows’ Finances a. How would one report on Ribbons an’ Bows Inc.’s three-month operations through June 30? b. Was Ribbons an’ Bows‚ Inc. profitable? (Ignoring income taxes) c. Why did Ribbons an’ Bows‚ Inc.’s cash in the bank decline during the three-month operating
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JOCELYN S. GEOLLEGUE MBA 101B – Financial Accounting Case No. 1-1 RIBBONS AN’BOWS‚ INC. Page No. 1of 2 I. VIEWPOINT Carmen Diaz – Owner II. STATEMENT OF THE PROBLEM 1. On Ribbons an’ Bows‚ Inc. finances: a. How would the three-month operations be reported (through June 30)? b. Was the company profitable (ignoring Income Taxes)? c. Why did its Cash-in Bank declined (during the three-month period)
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Answers 1. I would report that the company was profitable but only because Carmen did not pay herself $1‚300 per month or pay back any of the $10‚000 short term loan. The assets in the company increased by $1‚768 meaning that the company generated a Profit. The investment of Cash into machinery (Computer and sowing machine) caused the negative bank balance‚ if these assets were sold and put back into the company the bottom line would be better. It is hard to tell whether things are getting better
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Case study Bleu riBBon CHoColates: How Can small Businesses aDaPt to a CHanGinG environment? Dawn r. Deeter-schmelz‚ rosemary P. ramsey‚ and Jule B. Gassenheimer Bleu Ribbon Chocolates is a small regional manufacturer of high-quality chocolate that sells its products via trade accounts‚ corporate-owned stores‚ and online/mail. Historically‚ the company has not engaged in strategic planning‚ as demand was greater than manufacturing capabilities. The trend toward healthier foods and the poor
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Case Study 1 Project Management Analysis in the Internet Forecasting Industry Group 4 Dilip Chinnaswamaiah‚ Ruiying Liu‚ Sandhya Aparna Pashikanti‚ Yingqi Yang‚ Hao Zhu Executive Summary In this case‚ our group used the techniques such as PERT‚ project crushing and visualization to solve the scheduling problems encountered in a development project at B&W Systems. We came up with the expected completion time and crashing solution to help the company meet the deadline. The problem was successfully
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Bcor 120: Principles of management Safa Manai Group 8 Case application 1: Goodwill Industries International 1/ Goodwill industries international is a non-profit organization that uses surplus revenues to achieve its goals through planning to obtain more donations‚ organizing by preparing plans and deciding how and when to use them‚ leading by motivating employees and encouraging them to work hard and controlling by monitoring the progress of the organization‚ making corrections and being responsive
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Case Study 1 (Part A) P2-69B (Learning Objectives 4‚ 5‚ 6: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operations‚ Johnson Plumbing‚ Inc.‚ completed the following transactions: Mar 2 Johnson received $35‚000 cash and issued common stock to the stockholders. 3 Purchased supplies‚ $200‚ and equipment‚ $3‚200‚ on account. 4 Performed services for a client and received cash
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