Lemonade%20stand%20narrative%20F10 - Schafer Lemonade Stand...

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Schafer Lemonade Stand Narrative Background Abby and Emma Schafer founded Schafer Lemonade Stand (LS). They have an exclusive provider agreement with a local private golf course (where their mom is on the board of directors). LS offers many flavors of lemonade including; blackberry, blueberry, cherry, cinnamon, fuzzy navel, grape, green apple, kiwi, lemon, lemon lime, lime, orange, orange pineapple, peach, peppermint, red raspberry, strawberry, strawberry banana and watermelon. The Process The revenue cycle begins with the member order. A member walks up to the cabana and orally tells the sales clerk what product(s) they would like and their member number. First, the sales clerk (Emma) checks the member’s credit (a printed list of members in good standing). If the customer's credit is approved, the sales clerk creates an order using the PC based sales system and prints three copies of the sales order. The member signs the first copy of the sales order. The sales order has a place for the date, member number, member signature, and details for each
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This note was uploaded on 08/07/2011 for the course ACC 380 taught by Professor Harkness during the Spring '11 term at University of Michigan-Dearborn.

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