Question: Donna Tse recently joined Cycle World a bicycle store in

Donna Tse recently joined Cycle World, a bicycle store in Dartmouth, as an assistant manager. She recently finished her accounting courses. Cycle World’s manager and owner, Jeff Towry, asks Tse to prepare a budgeted income statement for the upcoming year based on the information he has collected. Tse’s budget follows:
Tse does not want to give Towry this budget without making constructive suggestions for steps Towry could take to improve expected performance. Write a memo to Towry outlining your suggestions. Your memo should take the following form:
To: Mr. Jeff Towry, Manager
Cycle World
From: Donna Tse
Subject: Cycle World’s budgeted income statement

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