Summer Sweets Company sells special flavor ice cream in pint size containers. The company's most recent...
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Summer Sweets Company sells special flavor ice cream in pint size containers. The company's most recent quarter ending income statement shows the following Revenue 60,000 pints x $4.00 60,000 pints x $2.25 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Rent Insurance Miscellaneous Total Operating Expenses Net Loss >> + (0) ≡ X¹ X₂ $ 60,000 $ 35,000 In order to stay in business, the company's goal is to shift from a net loss to net income position. Your job is to come up with five specific suggestions for Summer Sweets Company to improve profitability. In your suggestions, be sure to mention the specific income statement line impacted by your suggested action item and the action that could be taken to drive the improvement. You will not receive full credit for simply saying "decrease.... expense." Be sure to number your responses. This question is worth 15 points, or 3 points per suggested action item. For the toolbar, press ALT F10 (PC) or ALT-FN-F10 (Mac) BIVS Paragraph Arial $ 20,000 $ 15,000 $240,000 $ 135,000 $ 105,000 10pt $130.000 ($25,000) 11. A "102 I. B XQ E 6 52 EM 12 EE Summer Sweets Company sells special flavor ice cream in pint size containers. The company's most recent quarter ending income statement shows the following Revenue 60,000 pints x $4.00 60,000 pints x $2.25 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Rent Insurance Miscellaneous Total Operating Expenses Net Loss >> + (0) ≡ X¹ X₂ $ 60,000 $ 35,000 In order to stay in business, the company's goal is to shift from a net loss to net income position. Your job is to come up with five specific suggestions for Summer Sweets Company to improve profitability. In your suggestions, be sure to mention the specific income statement line impacted by your suggested action item and the action that could be taken to drive the improvement. You will not receive full credit for simply saying "decrease.... expense." Be sure to number your responses. This question is worth 15 points, or 3 points per suggested action item. For the toolbar, press ALT F10 (PC) or ALT-FN-F10 (Mac) BIVS Paragraph Arial $ 20,000 $ 15,000 $240,000 $ 135,000 $ 105,000 10pt $130.000 ($25,000) 11. A "102 I. B XQ E 6 52 EM 12 EE Summer Sweets Company sells special flavor ice cream in pint size containers. The company's most recent quarter ending income statement shows the following Revenue 60,000 pints x $4.00 60,000 pints x $2.25 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Rent Insurance Miscellaneous Total Operating Expenses Net Loss >> + (0) ≡ X¹ X₂ $ 60,000 $ 35,000 In order to stay in business, the company's goal is to shift from a net loss to net income position. Your job is to come up with five specific suggestions for Summer Sweets Company to improve profitability. In your suggestions, be sure to mention the specific income statement line impacted by your suggested action item and the action that could be taken to drive the improvement. You will not receive full credit for simply saying "decrease.... expense." Be sure to number your responses. This question is worth 15 points, or 3 points per suggested action item. For the toolbar, press ALT F10 (PC) or ALT-FN-F10 (Mac) BIVS Paragraph Arial $ 20,000 $ 15,000 $240,000 $ 135,000 $ 105,000 10pt $130.000 ($25,000) 11. A "102 I. B XQ E 6 52 EM 12 EE Summer Sweets Company sells special flavor ice cream in pint size containers. The company's most recent quarter ending income statement shows the following Revenue 60,000 pints x $4.00 60,000 pints x $2.25 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Rent Insurance Miscellaneous Total Operating Expenses Net Loss >> + (0) ≡ X¹ X₂ $ 60,000 $ 35,000 In order to stay in business, the company's goal is to shift from a net loss to net income position. Your job is to come up with five specific suggestions for Summer Sweets Company to improve profitability. In your suggestions, be sure to mention the specific income statement line impacted by your suggested action item and the action that could be taken to drive the improvement. You will not receive full credit for simply saying "decrease.... expense." Be sure to number your responses. This question is worth 15 points, or 3 points per suggested action item. For the toolbar, press ALT F10 (PC) or ALT-FN-F10 (Mac) BIVS Paragraph Arial $ 20,000 $ 15,000 $240,000 $ 135,000 $ 105,000 10pt $130.000 ($25,000) 11. A "102 I. B XQ E 6 52 EM 12 EE
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Related Book For
Accounting
ISBN: 978-1337899451
27th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Posted Date:
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