Question
Examine the financial reports uploaded below. Question: Review the profit and loss statements, cash flows, and aging summaries. Be sure to include which areas were
Examine the financial reports uploaded below.
Question: Review the profit and loss statements, cash flows, and aging summaries. Be sure to include which areas were most and least profitable, why you think the profits are not better, and what you need to think about in the coming months. Identify and prioritise any significant issues. Prepare some recommendations for when the owner visits next week.
I have inserted the image of the financial reports below.
Name Click here to enter text. Email address Click here to enter text. YumYums Ageing debtors report Store Downtown Debtor Kelly GM Downtown Smith's place Downtown Funeral home 1-30 31-60 60-90 90+ $550 $1152 $312 Comments Bounced cheque - wedding cake Celebration cake, mail returned Catering for wakes
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To review the financial reports 1 Profit and Loss Statements PL The most profitable areas seem to be in sales with increasing revenues from July to De...
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
