Economic Report 1 Economic Summary of the Lemonade Stand Toreka Lewis Ashford University BUS 599 Introduction to Quantitative Principles Dr. Harrison Green September 23‚ 2011 Economic Report 2 This report provides quantative information on the lemonade stand‚ sourced from financial statements‚ the business journal‚ and financial data collected during all three seasons. The following economic summary report will tell how well the lemonade stand’s business is performing
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Lemonade Stand Economic Summary Report John Orr Ashford University Intro to Quantitative Principles BUS599 Dr. Harrison Green October 27‚ 2010 Lemonade Stand Economic Summary Report Balance Sheet |BALANCE SHEET | | |Season 1 |Season 2 |Season 3 | |Profitability Measures | | |
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Lemonade Stand – Final Report Carla L. Mathis Business 599 Lee Meadows August 3‚ 2010 This summary seeks to explain financial transactions that have occurred during the final season of the operation of the Lemonade Stand. The preparer has aggregated the data in an effort to fairly and accurately present a financial picture for the Lemonade Stand. Financial Position Summary Refer to Appendix I for Season One‚ Two‚ and Three Income Statement and Balance Sheet Income Statement: The earnings
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environment and Regulation of financial accounting 2.1 What expectations do accounting standard-setters have about the accounting knowledge of financial statement readers? Accounting standard-setters have an expectation that the readers of general purpose financial reports have a ‘reasonable knowledge’ of accounting. Specifically‚ the IASB Framework states that ‘users are expected to have a reasonable knowledge of business and economic activities and accounting and a willingness to study the
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Do financial statements tell the truth? Financial statements are often referred to as “reports”. As you scan the pages‚ you will find neat columns of precise numbers. Financial statements look objective. Looks can be deceiving. The questions that financial statements are intended to address do not have objectively true answers. Suppose a firm builds a factory‚ with custom-built machinery designed to specifically to produce the firm’s product. That factory would become an asset on the left-hand
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To me‚ a mission statement is what would be considered to help a person to keep spending their funds at an institution. Some examples of the mission statement are to help the people of the public‚ please the customer’s needs‚ etc. A mission statement is essential because it provides something the business tries hard for and permits the customers knowing what you contributing and what you don’t produce. The mission statement I’ve decided for my business is “To deliver the Highest Quality‚ Freshly
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Christy’s Lemonade Stand Case 1) No‚ Christy concept of "earnings" is not a good way to measure how much she earned from her lemonade business. She is recording revenue when she receives the cash rather than when it is earned. Christy still has a liability to meet (product to deliver) and she can only record revenue when the work is performed‚ in her case‚ when the lemonade is delivered to the client. Earning an income means that the total revenues exceed the total expenses. Revenues are earned
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Write a brief statement (500 words/3500 characters or less including punctuation‚ but not spaces) describing your reason(s) for pursuing graduate or postbaccalaureate study. Include any additional information concerning your preparation that is pertinent to the objective specified. You may also send a resume and/or letters of reference if required by department. If you have already sent your Statement of Purpose directly to the department/program‚ please enter the following text in the box below:
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The Lemonade Stand September 20‚ 2011 The Lemonade Stand Financial Analysis The Income Statement is the financial report that depicts the operating performance of a company (revenues less expenses generated = profit) over a specific period of time and facilitates the analysis of a company’s growth‚ cost‚ and profitability. This analysis focuses on the financial analysis of The Lemonade Stand during Season 1 and Season 2. The Balance Sheet is another type of financial statement used by a company
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Chapter 1 1. Describe some of the trade-offs faced by each of the following: 1. a family deciding whether to buy a new car 2. a member of Congress deciding how much to spend on national parks 3. a company president deciding whether to open a new factory 4. a professor deciding how much to prepare for class 5. a recent college graduate deciding whether to go to graduate school 2. You are trying to decide whether to take a vacation. Most of the costs of the
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