Ashford University
BUS 599 Quantitive Principles
Dr. Singh
November 13, 2011
The purpose of this report is to determine how well the Lemonade dead end is performing in its first year. The report leave behind go into detail about different aspects of the info and explain what they mean. The data was gathered from the difference financial transactions that occurred during the 6 old age of season one of the Lemonade Stand.
The first item that you will hear when looking at the financials and the sample page is the forming of a contributionnership. This part of the financial report shows that two partners equally invested twenty dollars into the Lemonade Stand. This content that each partner has twenty dollars of owner rectitude in the business for a total of forty dollars. Owner legality is defined as the owners claim on assets minus any liabilities (Ross, 2007). This numbers shows how much the owner is deserving based on the formula assets minus liabilities equal
equity.
The journal will in any case outline several other transactions such(prenominal) as account pay up to(p). Accounts payable is a future expenditure a company will prolong to pay (Ross, 2007). The examples in these financial reports of accounts payable are for buying supplies such as pitchers, spoons, etc.
These items were purchased by the partners for their company and will have to be pay in the future. This is listed under expenses since this is where you have to buy growths to be able to have materials for you to sell. Expenses are defined as the cost to run, keep, or expand a business (Ross, 2007). The accounts payable will herald you what you owe for needed materials to operate your business. These numbers when coupled with assets and equity will show the health of your business.
The journal will also reflect caudex that is materials that were purchased for sale that you still have. Figuring your inventory will let you know how much product you have on hand so you know how much product you will need for...If you want to get a sufficient essay, order it on our website: Orderessay
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