Disscussion question

Meredith Grey has recently accepted the position of assistant manager at Cycle World, a bicycle store in St. Louis. She has just finished her accounting courses. Cycle World's manager and owner, Miranda Bailey, asks Greyto prepare a budgeted income statement for 2017 based on the information he has collected. Grey's budget follows:

Grey does not want to give Baileythis budget without making constructive suggestions for steps Bailey could take to improve expected performance.

Assume the role of Meredith Grey. Write a memo to Bailey outlining your suggestions.

Meredith Grey has recently accepted the position of assistant ma Cycle World's manager and owner, Miranda Bailey, asks Grey to Grey's budget follows: CYCLE WORLD Budgeted Income Statement For the Year Ended July 31, 2015 Sales Revenue $ 244,000 Cost of Goods Sold 177,000 Gross Profit 67,000 Selling and Administrative Expenses: Salaries and Commissions Expense $ 46,000 Rent Expense 8,000 Depreciation Expense 2,000 Insurance Expense 800 Miscellaneous Expense 12,000 68,800 Operating Loss (1,800 Interest Expense (225) Net Loss (2,025) Grey does not want to give Bailey this budget without making constru Assume the role of Meredith Grey. Write a memo to Bailey outlining }