Peyton Approved is a bakery specializing in the making of all-natural hypoallergenic dog treats. Many dogs suffer from allergies especially those found in regular dog food as a result the demand for all natural hypoallergenic dogfood is high. Peyton Approved began as a home business and will like the opportunity to expand. The purpose of this memo is to provide an overview of Peyton Approved’s accounting process and to request funding to expand this business.
Overview of the Company’s Accounting System Peyton Approved uses the double entry accounting system. The double entry accounting system means that for every transaction an account is debited while a corresponding account is credited. This allows for balance between asset and liability accounts. The main advantage to using this type of accounting system is overall organization, which makes preparing financial statements easier. In addition to using double entry, Peyton Approved uses the accrual basis of accounting which means that revenues are recorded when they are earned and
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Debts are low and revenue is growing. Although sales continue to increase every month, Peyton Approved could benefit from lowering its current ratio. This can be done by lower assets and increasing liabilities. For example, Peyton Approved could lower the current asset cash by paying off its notes payable of $10000 therefore increasing a liability. A brief summary of our accounting process has been included as to request a loan for expansion. Peyton Approved feels strongly about providing allergy-suffering pets with quality all natural products. An expansion would allow this bakery to meet the needs of even more concerned per owners looking to provide the best for their pets. As the owner of Peyton Approved, I would greatly appreciate a meeting to discuss our options.
Sincerely,
Lisa Bell
Owner of Peyton
1. What is the difference between a. and a. To me, Kurt Warner, through his actions and behaviors, sits in the competent manager quadrant. The definition of a person who is a competent manager is someone who is good at building teams and getting results through others. (Huges, Ginnett, Curphy p. 90 2009) Kurt Warner does just that on many occasions.
The fourth segment is dog treats and claims 18% of the market share for total dog food. While they have a wide variety of ingredient...
This paper will focus on Yum Yum Doggy Treats, an all-natural human grade dog treat that is based off of well-known human desserts; Peanut Butter & Carrot Cake, Carrot Cake, Sweet Potato, and what everyone needs after eating, Breathmint. I will refer to the business as Yum Yum Doggy Treats or YYDT. YYDT was established October 2014, by a mother and daughter and later expanding to a family of four women. Their ultimate goal is to educate dog owners of the importance of feeding their dog’s fresh produce or natural dog treats. They also wanted to be different and give the dog lover community a healthy, creative, and delicious treat their pups would enjoy.
Looking at the individual ratios seen in exhibit 1 and comparing it to the industry average shown in exhibit 2 gives a sense of where this company stands. Current ratio and quick ratio are really low and have been decreasing. For 1995, the current ratio is 1.15:1, which is less than the industry average of 1.60:1, however to give a better sense of where this stands in the industry, as seen in exhibit 3, it is actually less than the average of the bottom 25% of the industry. The quick ratio is 0.61 is less than the industry is 0.90. Both these ratios serve to point out the lack of cash in this company. The cash flow has been decreasing because, it takes longer to get the money from customers, but the company still needs to pay for its purchases. Also, the company couldn’t go over the $400,000 loan limit, so they were forced to stretch their cash.
Accrual accounting is a system of accounting that is based on the accrual principal accounting. This principal requires revenue to be recognized and recorded when earned. Expenses are to be recorded when they occur. The accrual basis of accounting is used by most companies. Very small businesses and individuals use cash basis accounting.
Specific Purpose: To persuade the audience purchase their dogs from breeders and not puppy mills o the Internet because puppy mills can me detrimental to a puppy’s health.
The newest idea from President and owner, Kathy Kudler, is to start contracting with local growers of organic produces to include the products in each store location. Each store has become successful at its current location and with its current stocks. These results have assisted Kathy in believing that the expansion of produce concept will help in providing the consumers the "choice for purchasing the finest of epicurean delights" (University of Phoenix, 2007, para. 1). For the purpose of this assignment, Kudler operations system will be analyzed to recommend possible changes to the existing business process. All the information relating to the Kudler Fine Foods shops was retrieved from the Kudler intranet and Internet via the University of Phoenix web link.
This growing sentiment of “humanization” is creating opportunities for the industry to sell pet food differently. With a “majority of pet owners now customize their pet 's meals in some way” pet
You can find hypoallergenic dog food available in many stores or in pet stores and some are also found in big grocery stores. When you purchase a hypoallergenic dog food, you also have to check the label. It always pays to check the label. You can find a lot of ingredients that may cause allergies to your dog. Hypoallergenic dog food usually contains protein from meat, chicken, fish, and lamb. There are also some types of hypoallergenic dog food brands that solely produce dog food out of vegetables.
As higher investors generally expect higher returns for a more leveraged firm (Arnold 2013 p 697) there would appear to be very little scope for the RM to increase its debt capital unless it can convince investors profits are likely to profit significantly. Unfortunately the annual report does not suggest such growth is likely short term, due to increased parcel competition and falling letter sales (RM 2015).
Panera seems poised to continue to dominate the bakery-café market and continued sustainable growth is very likely. Works Cited The “Annual Report” (2010). Retrieved from http://www.panerabread.com/pdf/10k-2010.pdf “Company Overview.” (2011). Retrieved from http://www.panerabread.com/about/company/ “News Release.”
As we learned in class by keeping accounting on the simple way of a General ledger the entries goes as follows, every entry is A Debit for 1 account following with a credit on the other for Example when you have a Rent Expenses of $ 15,000 meaning you taking out money from cash account to p...
...ant improvement. The decline in property, plant, and equipment may be hurting Rondo and contributing to overall inefficiencies. Sales are growing but profits are not. Rondo's costs are too high and need to be reduced. In addition, inventory turns are degrading and inventory reduction strategies need to be investigated. A major problem for Rondo is the number of days it takes to collect accounts receivable. Significant focus is required in this area to free up cash, which can then be used to invest in property, plant, and equipment. These problems areas contribute significantly to an inefficient operation. This inefficiency inhibits profitability at Rondo and has led to a loss of investor confidence. Rondo's sales and net income have grown year over year and if the company can improve its efficiency in the areas noted above, investor confidence can be recaptured.
A dog suffering from allergies is often a distressing sight for many dog owners. These suffering canines often scratch themselves raw or suffer from chronic and painful ear infections. One of the culprits which have been pinpointed in dog allergies is an ingredient/s in their daily food intake. The number of food allergy cases has continually risen through the years and many dog owners have become increasing concerned about giving only the best dog food for allergies.
Every transaction gets entered twice in financial records. If one day you sold three gold coins ' worth of pepper, you would write that the amount of cash you had went up by three gold coins. You would also write in that the amount of pepper you had went down by three gold coins ' worth. Before double-entry, people just kept diaries and counted their money at the end of the day. This innovation allowed merchants to see every aspect of their business in neat little rows. (Kestenbaum,