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 period? 2. How would one report the financial condition of Ribbons an’ Bows‚ Inc. on June 30‚ 2006? 3. Should Carmen’s first three
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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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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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provided by the company. * Help budget the company ’s money for future activities. * Help set targets in sales and revenues. * For multi-national companies‚ FS analysis can help on deciding on which business unit to maintain/give up. * Adjust/ reorganize management strategy in order to further meet company goal and optimize income. * Help decide what rules or actions could be implemented that will be suitable given the company ’s situation. * FS analysis of industry competitors
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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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Case 1-1: Ribbons an’ Bows‚ Inc. Note: This case is unchanged from the Twelfth Edition. Approach This is an introductory case and it should be taught as an introductory case. There will be plenty of time in the course for the students to learn the correct form of financial statements and details of accounting standards. In short‚ the instructor should be prepared to allow a variety of formats for the financial statements and tolerate some “not quite correct” accounting. The instructor
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Samantha King’s‚ “Pink Ribbon‚ Inc.” examines breast cancer advocacy groups and dares to challenge the public perception of a venerated American charity‚ the Komen Foundation. Founded in 1982‚ the Susan G. Komen Breast Cancer Foundation was born from a sister’s love and a solemn promise to stop breast cancer from taking more lives. The foundation was pivotal in beginning a public dialog about breast cancer. It helped remove the disease’s stigma and effectively advocated for early detection.
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A Tale of 3 Pumpkins … Pumpkin Three: Ribbon by Heather Well we have come to the end of our tale of the three pumpkins. First‚ we met the lovely and vintage Book Page Pumpkin. Then our journey brought us to the glamorous and classy Faux Nailhead Pumpkin and last we meet the sweet and cheery Ribbon Pumpkin. Isn’t she just a little sweetheart?! Believe it or not she proved to be the most difficult pumpkin to make‚ though you’d never know it by her demure personality and the simplicity of her
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flying to Japan to meet with a shoe manufacturer. When he met with the manufacturers he introduced himself as the head of Blue Ribbon Sports‚ which was a company that he made up on the spot‚ this started Knight’s career as an entrepreneur. Knight partnered with his track coach from the University of Oregon‚ Bill Bowerman and began selling shoes at track meets as Blue Ribbon Sports.
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