franchising of Cold Stone Creamery. The first thing that we had to do was find out what franchising really was. We all had a basic understanding of what franchising was and to become a franchisee‚ but after further research we realized there was a lot more that we didn ’t know. We researched everything we could about Cold Stone Creamery. We conducted a survey to find out if Cold Stone really was everyone ’s favorite ice cream place. We found out the mission and the vision that Cold Stone Creamery has for
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1. Yes‚ Cold Stone Creamery does represent a high performance approach to planning. They have a fun and positive approach to their franchise; however they have great expectations to achieve success. Cold Stone started with a mission: “We will make people happy around the world by selling the highest quality‚ most creative ice cream experience with passion‚ excellence‚ and innovation.” From the company-wide goal to the organizational goals‚ each one is numerically defined and measurable. So the
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mini-plan discussing my overall strategic plan of selling the famous Cold Stone Creamery Ice Cream products in the country of Spain. Location of value-added functions—we will have Sales and Marketing conducted in Madrid‚ Spain and possible future expansion to other major cities in Spain. With this being a franchise many of the value-added functions (Marketing & Product/services strategy) are already being managed by Cold Stone Creamery corporation; as their franchise states‚ “If you are
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Cold Stone Business Proposal Cold Stone Creamery is an American business based from Tempe‚ Arizona. Cold Stone provides premium quality ice cream made on the spot of each location for their customers. Cold Stone has revolutionized the ice cream industry by inventing their signature ice cream creations. No ice cream parlor before has ever given the option of creating an ice cream creation‚ or mixture. In these mixtures you are allowed to combine any premium ice cream with any ingredient of your
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Svetlana Puchina ID: 3608 Bishkek December‚ 2010 Description of Business: Cold Stone Creamery® will be the first creamery in Bishkek‚ Kyrgyzstan to offer from unique ice cream creations‚ to smoothies‚ cakes and shakes. Cold Stone Creamery® Bishkek starts with using the highest quality ingredients and ends with Cold Stone signature process for preparing custom creation on a frozen granite stone. Cold Stone Creamery® offers super-premium ice cream and sorbet‚ fresh made in every store‚ every day
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EXECUTIVE SUMMARY Boston Creamery‚ Inc‚ is an ice cream company that manufactures and distributes ice cream to wholesalers and retailers. In 1973‚ the company had installed a new financial planning and control system that compares budgeted results against actual results and be able to highlight things that needed corrective actions or commend things that resulted in a favorable overall variance. This year‚ the division has a favorable operating income variance of $71‚700. Highlights: · Jim
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RECOMMENDATIONS Management needs to determine which costs can be controlled and which costs cannot be controlled. The variance analysis simply showed that there was an unfavorable variance for manufacturing (99‚000 U). Manufacturing Cost of Goods Sold must be evaluated individually because of the underlying facets from just a number. This unfavorable number could be caused by either an increase in price or a waste in using the number of unit materials. The materials variance should be broken down
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Case 4: Boston Creamery Introduction A new financial planning and control system is only as good as a company’s capacity to implement it effectively. But most importantly‚ many employees see the new system as an end in itself‚ instead of a means to an end. The way standards are formulated play a crucial role in the results of these variances. For instance‚ management decided to use the sales forecasts based on what they made and incurred in the previous year. This would normally be the case
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Natalie Simmermon ACC 503 California Creamery‚ Inc. (Activity-Based Costing) 1. What is the cost of the two products under traditional costing? Under traditional accounting the costs for each flavor were intuitively wrong. The cost to produce a gallon of Polynesian was $5.60‚ only 20 cents more than Vanilla comparatively. One would assume that an exotic flavor would have a significantly higher cost proportionally. 2. What is the cost of the two products under activity-based costing
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MEMO Date: October 20‚ 2014 To: Mr. Jim Peterson‚ President‚ Boston Creamery‚ Inc.‚ Ice Cream Division From: Subject: Evaluating the decision choices of Boston Creamery to improve budgeting Introduction Boston Creamery is currently experiencing difficulties with regards to its budgeting process and variance analysis. For the fiscal year 1973‚ the Ice Cream Division has a favorable operating income variance of $71‚700. The President‚ Jim Peterson feels that the comparisons between budgeted
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