FI85 Case Study Worksheets.docx - ACCOUNTING CASE STUDY A student organization has only $50 in its checking account and is planning a fundraiser to

FI85 Case Study Worksheets.docx - ACCOUNTING CASE STUDY A...

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ACCOUNTING CASE STUDY A student organization has only $50 in its checking account and is planning a fundraiser to raise money for a school project. The fundraiser will involve selling candy bars throughout the neighborhood. The members will take advance orders by giving order forms to all students to take home. Payment will be collected when the candy is delivered. The organization also will set up concession stands to sell the candy bars before and after school and during lunch periods. Finally, members will go door-to-door to make sure all area residents have an opportunity to participate. The organization will buy the candy bars from a local candy company that specializes in packaging candy for fundraisers. Each bar will be wrapped to indicate the name of the organization. The bars will be purchased for 50¢ each, and the organization will sell them for $1 each. The company will sell the candy on credit and allow the organization to pay when the fundraiser is over. The members will pick up the candy at the company so there will be no delivery charges. Volunteers will help count inventory and keep track of sales.
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  • Fall '18
  • brittany sanborn

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