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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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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Example Company Balance Sheet December 31‚ 2011 ASSETS LIABILITIES Current Assets Current Liabilities Cash $ 2‚100 Notes Payable $ 5‚000 Petty Cash 100 Accounts Payable 35‚900 Temporary Investments 10‚000 Wages Payable 8‚500 Accounts Receivable - net 40‚500 Interest Payable 2‚900 Inventory 31‚000 Taxes Payable 6‚100 Supplies 3‚800 Warranty Liability 1‚100 Prepaid Insurance 1‚500 Unearned Revenues 1‚500 Total Current
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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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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 by deducting
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In an ideal world kids running a lemonade stand would never be hassled about whether they had a peddler’s license. But planning commission member Clayton Preble says they are there to create regulations that offer protection in a “not normal world.” The issue arose Monday when Planning and Development Director Richard Osborne presented a relatively brief and simple ordinance to handle peddlers’ licenses. These are permits to sell things door-to-door or from a regular‚ non-permanent location like
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Lucy’s Luscious Lemonade Alexandra Rogers DeVry University BUSN115 Introduction to Business and Technology Professor Norman Woodin Introduction Lucy’s Luscious Lemonade stand is a equal opportunity employee business. It is our mission to provide the best quality product on the market‚ have a safe environment for customers and staff and continuously striving toward a positive work environment. My investor‚ Donald Rogers has an extensive background in running a business and has a budget
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Amanda Belzowski’s Lemonade Stand A 15 year old girl that is a passionate volunteer‚ philanthropist and inspirational speaker has an unfinished mission to inspire other youths to follow their dreams. Amanda Belzowski’s lemonade stand has raised over $150 000 for the Heart and Stroke Foundation‚ Save A Child’s Heart and Sick Kids Hospital. Her Beginning In 1998‚ at the age of 2‚ Amanda and her family were on a bike ride for the Heart and Stroke Ride in Toronto. After the fundraiser‚ they stopped
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Develop a creative name for your lemonade stand‚ then explain why the name is important when you are considering branding options. Gimme’ A Break Lemonade Stand is the name I thought suitable for my new entrepreneurship venture. Gimme’ a Break is just as the name implies‚ intended on giving the busy students and working class of Jonesboro just that‚ a well deserved break with some of the most refreshing lemonade any one has ever offered in the area. The name centers around the
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COURSE 2 - The Balance Sheet The balance sheet (also called statement of financial position) reports the financial position of the business at a point in time. It does so by listing the categories and amounts of assets‚ liabilities and equity on a specific date‚ in a format that proves the fundamental accounting equation. ASSETS = EQUITY + LIABILITIES or ASSETS – LIABILITIES = EQUITY Formats of presentation Regardless of
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