"Minicase The Mcgee Cake Company" Essays and Research Papers

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Minicase The Mcgee Cake Company

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,...

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Mcgee Cake Company

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 & Jordan, 2013...

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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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minicase for company

1. The one time dividend will not affect the stock price. The value of the company will decline by the amount of the dividend. Ignoring taxes, shareholders wealth will not be affected because the stock price will drop by the amount of the dividend payment. 2. The value of the company could increase or decrease. If the company is overlevered, paying off debt can lower the interest rate on debt, and decrease financial distress costs. If there are no financial distress costs, capital structure...

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Mcgee Cake Co

Minicase – The McGee Cake Company 1. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a LLC? The McGee Cake Company, currently operating as a sole proprietorship, may benefit from forming a limited liability company (LLC). An LLC is a comparatively new type of business entity. With an LLC there are reduced legal formalities in comparison to setting up a corporation. In addition, unlike a corporation, the McGees could set up an LLC yet...

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Mcgee Cake Company

liability for owners, thus a combination of partnership and corporation. If changing the company organization from a sole proprietorship to an LLC, the advantages are as follows. Since an LLC is functioned as a partnership, the funds raised from other partners will enlarge the scale of the company and relieve the cash flow and capacity problems and enrich its asset, thus further meet the demand for its cakes. Single Taxation. The owners of LLC are still taxed once for their personal incomes, avoiding...

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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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The Company

Snack House start-up a small bakery that rent in 1.1 The Company FRANKROJEIAN Snack House is a Partnership business, this will be under supevision of the five partners as the owner of the business. The business wiill be renting a space at the Sienna building Alunan Avenue near government offices, schools and private sectors. 1.2 The Products and Servies FRANKROJEIAN Snack House offers the following food and beverages to customers • Cakes • Pastries • Burgers • Fries • Spagetti/ Palabok/...

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Yummy Cake

Objectives As we all know, a cake is an emblem of celebration. Also, we use a cake as an expression of our feeling. For example, we used to buy cakes on some special and important days. For individuals, they need cakes on their Birthday, Wedding Party, Mothers’ Day and Fathers’ Day, etc. For the companies, they may need cakes in some events such as Celebration Party. We are willing to help the customers to make their cakes if necessary and so much as teaching them to make the cake themselves. We aim...

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Cake Decorating

Making a professional cake Cake has always been a large part in our society. You go to a wedding and you leave with sugar gut. The only reason why we go to office birthday parties is for the cake. However just almost anyone can follow the directions on the back of a Duncan Hines cake box, so how do you get that “wow” cake, the cake that they’ll be talking about around the water cooler? You need a few things before you can even think about making a professional cake. Those things would be...

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