Project #39388 - Accounting for Business Decisions

Graduate Level / 2 Sources APA

 

 

Part 1 (Gr)

 

Continuing Cookie Chronicle

After investigating the different forms of business organization, Natalie Koebel decides to operate her business as a corporation, Cookie Creations Inc., and she begins the process of getting her business running.
While at a trade show, Natalie is introduced to Gerry Richards, operations manager of “Biscuits,” a national food retailer. After much discussion, Gerry asks Natalie to consider being Biscuits' major supplier of oatmeal chocolate chip cookies. He provides Natalie with the most recent copy of the financial statements of Biscuits. He expects that Natalie will need to supply Biscuits' Watertown warehouse with approximately 1,500 dozen cookies a week. Natalie is to send Biscuits a monthly invoice, and she will be paid approximately 30 days from the date the invoice is received in Biscuits' Chicago office.
Natalie is thrilled with the offer. However, she has recently read in the newspaper that Biscuits has a reputation for selling cookies and donuts with high amounts of sugar and fat, and as a result, consumer demand for the company's products has decreased.
Instructions
Natalie has several questions. Answer the following questions for Natalie.

 

  1. What type of information does each financial statement provide?

  2. What financial statements would Natalie need in order to evaluate whether Biscuits will have enough cash to meet its current liabilities? Explain what to look for.

  3. What financial statements would Natalie need in order to evaluate whether Biscuits will be able to survive over a long period of time? Explain what to look for.

 

Part 2 (In)

 

Financial Statements:

http://www.sec.gov/Archives/edgar/data/98677/000110465912014416/a11-31190_2ex13.htm

 

Answer the following questions using the financial statements and the notes to the financial statements.

 

  1. What were Tootsie Roll’s total current assets at December 31, 2011, and December 31, 2010

  2. Are the assets included in current assets listed in the proper order? Explain.

  3. How are the Tootsie Roll’s assets classified?

  4. What were Tootsie Roll’s current liabilities at December 31, 2011, and December 31, 2010?

 

 

Subject Business
Due By (Pacific Time) 09/09/2014 12:00 am
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