Analysis……………………………………………………………………………………………………4 Issues 1. Ribbons an’ Bows’ Finances a. How would one report on Ribbons an’ Bows Inc.’s three-month operations through June 30? b. Was Ribbons an’ Bows‚ Inc. profitable? (Ignoring income taxes) c. Why did Ribbons an’ Bows‚ Inc.’s cash in the bank decline during the three-month operating period? 2. How would one report the financial condition of Ribbons an’ Bows‚ Inc. on June 30‚ 2006? 3. Should Carmen’s first three
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JOCELYN S. GEOLLEGUE MBA 101B – Financial Accounting Case No. 1-1 RIBBONS AN’BOWS‚ INC. Page No. 1of 2 I. VIEWPOINT Carmen Diaz – Owner II. STATEMENT OF THE PROBLEM 1. On Ribbons an’ Bows‚ Inc. finances: a. How would the three-month operations be reported (through June 30)? b. Was the company profitable (ignoring Income Taxes)? c. Why did its Cash-in Bank declined (during the three-month period)
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Answers 1. I would report that the company was profitable but only because Carmen did not pay herself $1‚300 per month or pay back any of the $10‚000 short term loan. The assets in the company increased by $1‚768 meaning that the company generated a Profit. The investment of Cash into machinery (Computer and sowing machine) caused the negative bank balance‚ if these assets were sold and put back into the company the bottom line would be better. It is hard to tell whether things are getting better
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Table of Contents Issues 1 Facts 1 Analysis 3 Question 1 3 a. Report on the three-month operation of Ribbons an’ Bows‚ Inc. 3 b. Profit of the Company 4 c. The reason for the cash in the bank decline 5 Question 2 6 Question 3 8 Conclusions 9 Issues 1. a How would you report on the three-month operations of Ribbons an’ Bows‚ Inc.‚ through June 30? b Was the company profitable? (Ignore income taxes.) c Why did its cash in the bank decline during the three-month
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1. FS as a tool in decision making on the point of view of: a. Shareholders Financial statements provide a view on the company’s financial changes within a specific reporting period and confirm its overall state. They give information such that they provide shareholders with a picture of how well the company is doing. These enable them to evaluate a stock’s worth and aid them in making stock-related decisions such as buying/selling/retaining which provide them further on the status of their
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INTRODUCTION Carmen Diaz‚ with a ten thousand dollar loan from two of her cousins‚ and one thousand dollars that she invested in equity‚ was able to open a specialty store called Ribbons an’ Bows‚ Inc‚ which was located in Coconut Grove‚ Miami‚ Florida. Four months after opening the business‚ Carmen’s relatives requested a financial report‚ which was part of the original business arrangement. Within a short time‚ Carmen had expanded the business‚ purchased small equipment‚ paid wages to a part-time
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Case 1-1: Ribbons an’ Bows‚ Inc. Note: This case is unchanged from the Twelfth Edition. Approach This is an introductory case and it should be taught as an introductory case. There will be plenty of time in the course for the students to learn the correct form of financial statements and details of accounting standards. In short‚ the instructor should be prepared to allow a variety of formats for the financial statements and tolerate some “not quite correct” accounting. The instructor
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Samantha King’s‚ “Pink Ribbon‚ Inc.” examines breast cancer advocacy groups and dares to challenge the public perception of a venerated American charity‚ the Komen Foundation. Founded in 1982‚ the Susan G. Komen Breast Cancer Foundation was born from a sister’s love and a solemn promise to stop breast cancer from taking more lives. The foundation was pivotal in beginning a public dialog about breast cancer. It helped remove the disease’s stigma and effectively advocated for early detection.
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A Tale of 3 Pumpkins … Pumpkin Three: Ribbon by Heather Well we have come to the end of our tale of the three pumpkins. First‚ we met the lovely and vintage Book Page Pumpkin. Then our journey brought us to the glamorous and classy Faux Nailhead Pumpkin and last we meet the sweet and cheery Ribbon Pumpkin. Isn’t she just a little sweetheart?! Believe it or not she proved to be the most difficult pumpkin to make‚ though you’d never know it by her demure personality and the simplicity of her
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The Red Ribbon - g/ram Sally Mayfield was eighteen years old when she decided to leave town for the first time by herself. She lived in Brentwood‚ the older side of the valley. The trees were a thicker and the sidewalk was lifted and cracked‚ showing signs of decay. Everyone walked on the street‚ where you could always see a group of kids playing games or the neighbors walking their luxury dogs. Things there were simple and traditional; everything
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