GB518 Case PPT.pptx - Cookie Creations A Journey Through...

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Cookie Creations A Journey Through Small Business I got a 100% on this assignment so I guess it’s a decent example
Introduction BUSINESS DECISIONS ACCOUNTING DECISIONS INVENTORY DECISIONS INTERNAL CONTROL ISSUES CREDIT POLICY ISSUING STOCK
Getting Started Sole Proprietorship Be your own boss Business liability is personal liability LLC Hybrid Liability protection of corporation Earnings and losses on personal taxes Fee to start Corporation Totally separate personal from professional Potentially cost-prohibitive fees
Accounting Why is it needed? Track income and expenses Ensure regulatory compliance Provide exact information to... Investors Government Management Financial Statements Income statement Balance sheet Cash flow statement Assets Liabilities Revenues Expenses
Business Banking & Transportation Business Banking Separation Have access to business tools Protection Professionalism Preparedness Purchasing power Vehicle New car probably not an option Tax deductions Buy business vehicle down the road (no pun intended)
Retail Opportunity “Biscuits” Need to ensure financial health Profitability Profit margin Debts Interest coverage ratio Dividends
Other Concerns with Retailer Reputation Chick Fil A vs. McDonald’s Respectability Expressed concern with high levels of sugar and fat Dependability

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