CHAPTER 1 THE McGee CAKE COMPANY 1. The advantages to a LLC are: 1) Reduction of personal liability. A sole proprietor has unlimited liability‚ which can include the potential loss of all personal assets. 2) Taxes. Forming an LLC may mean that more expenses can be considered business expenses and be deducted from the company’s income. 3) Improved credibility. The business may have increased credibility in the business world compared to a sole proprietorship. 4) Ability to attract investment. Corporations
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Analysis of Business Opportunities within Afghanistan’s Carpet Sector Prepared by: Mark T. McCord‚ IOM‚ CCE CEO The McCord Group May‚ 2007 1 Analysis of Business Opportunities Within Afghanistan’s Carpet Sector May‚ 2007 Overview of the Afghan Carpet Sector Afghanistan’s thriving carpets and textiles trade is a legacy of the country’s rich commercial history and diverse culture. World-renowned for their intricate designs‚ Afghan carpets reflect the heritage of cottage-based craftsmanship
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1 The McGee Cake Company: A Case Study Submitter Instructor BUS Course 2012 CASE STUDY 2 Introduction The McGee Cake Company‚ owned by Doc and Lyn McGee‚ has been a sole proprietorship company since its inception in 2005 (Ross‚ Westerfield
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Investing in Afghanistan Business opportunities in the carpet industry The tradition of Afghan carpets goes back for centuries. The richness and variety of designs reflect the cultural diversity of our country. The skill of our weavers is unrivalled in the world and make our carpets unique. Rightfully‚ our weavers take great pride in being part of this living heritage of our country. Commercially‚ the carpet industry is a cornerstone of our economy. It is our leading export sector‚ it represents
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A review of the Payroll System within Cookridge Carpets Limited Prepared By: AAR Registration Number: Centre: Kaplan Financial‚ London Words: 2‚795 Contents Page Content Page 1. Terms of Reference 3 2. Methodology 4 3. Executive Summary 5 4. Introduction 7 5. Review of Payroll System 10 6. Recommendations 11 7. Appendices 12 Appendix A - Mapping document: Principles of Internal Control (knowledge) PIC 13 Appendix B - Mapping document:
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The Arctic trails have their secret tales That would make your blood run cold; The Northern Lights have seen queer sights‚ But the queerest they ever did see Was that night on the marge of Lake Lebarge I cremated Sam McGee. Now Sam McGee was from Tennessee‚ where the cotton blooms and blows. Why he left his home in the South to roam ’round the Pole‚ God only knows. He was always cold‚ but the land of gold seemed to hold him like a spell; Though he’d often say in his homely
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An Investigation into the Accounting Operation of Cookridge Carpets 1. Methodology 1. After an overall look into the accounting system of Cookridge Carpets during the period from December 2009 to May 2010.It showed that there were a number of issues within the Accounts Department that needed to be reviewed. 2. A meeting was held with the owners and the accounts team to identify the current weaknesses‚ how to improve them and to find solutions to
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about Sheridan Carpet Company that produces high grade carpeting material for use in automobiles and recreational vans. It was the industries practice to announce the prices of their products prior to the 6 month seasons. Sheridan was the largest company in its segment of the automobile carpet industry. Most of Sheridan’s competitors were smaller than Sheridan and they awaited Sheridan’s price announcement before setting their own selling prices. Sheridan produced a carpet named Carpet 104 which had
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The McGee Cake Company In early 2001‚ Doc and Lyn McGee formed the McGee Cake Company. The company produced a full line of cakes‚ and its specialties included chess cake‚ lemon pound cake‚ and double-iced‚ double-chocolate cake. The couple formed the company as an outside interest‚ and both continued to work at their current jobs. Doc did all the baking‚ and Lyn handled the marketing and distribution. With good product quality and a sound marketing plan‚ the company grew rapidly. In early 2006‚ the
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Introduction The McGee Cake Company has been in business since early 2005. The company is a sole proprietorship. They produce a variety of full line cakes and other cake including cheesecake‚ lemon pound cake‚ and double-iced‚ double-chocolate cake. In the past several years‚ the company has experienced sales increases due to features in magazines and this led to the company receiving orders from all over the world. Doc and Lyn McGee both had regular jobs and formed the company mainly due to outside
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