Part-A (10 Marks) You are an expert in the field of forming partnerships. Ismail and Sultan want to establish a partnership to start "burger Shop," and they are going to meet with you to discuss their plans. Prior to the meeting, you will send them a memo discussing the issues they need to consider. Write a memo in good form to be sent to Ismail and Sultan. Part-B (10 Marks) PepsiCo, Inc.'s financial statements are presented in pepsico-inc-2020-annual report pdf and Financial statements of The Coca-Cola Company are presented in Coca-Cola-FEMSA-Financial Statements-2019.pdf (coca-colafemsa.com). The complete annual reports of PepsiCo and Coca-Cola, including the notes to the financial statements, are available at each company's respective website. You are required to analyze the financial performance of these two company's accounting cycle. ASSIGNMENT PART-A NEED TO ADDRESS THE FOLLOWING AREAS a. Name two services performed by the firm. b. Legal formalities required to forming the partnership firm c. Required investment for each of the partners. d. Profit and loss sharing procedures e. What is the firm's total annual revenue? f. How many clients (expected, does it service? g. How many people are employed (expected by the firm? h. How many partners are there in the firm? Explain Why? 1. How would you design the Decision-Making Across the Organization? Did you have someone help you for this organization (attorney, accountant, relative, etc.)? k. What conclusions concerning the firms financial positions can be drawn? ASSIGNMENT PART-B NEED TO ADDRESS THE FOLLOWING AREAS 1. What were PepsiCo's and Coca-Cola's total current assets at December 26, 2020, 2. Are assets that PepsiCo and Coca-Cola included under current assets listed in proper order? Explain 3. How are PepsiCo and Coca-Cola assets and liabilities were classified? - Explain 4. What was PepsiCo and Coca-Cola "Cash and cash equivalents" at December 2007 - Explain. 5. Net amount of property, plant, and equipment fland, buildings, and equipment), 6. Total current liabilities of both the companies- Explain. 7. Total equity of both the companies - Explain 8. What conclusions concerning the companies respective financial positions can be drawn? Part-A (10 Marks) You are an expert in the field of forming partnerships. Ismail and Sultan want to establish a partnership to start "burger Shop," and they are going to meet with you to discuss their plans. Prior to the meeting, you will send them a memo discussing the issues they need to consider. Write a memo in good form to be sent to Ismail and Sultan. Part-B (10 Marks) PepsiCo, Inc.'s financial statements are presented in pepsico-inc-2020-annual report pdf and Financial statements of The Coca-Cola Company are presented in Coca-Cola-FEMSA-Financial Statements-2019.pdf (coca-colafemsa.com). The complete annual reports of PepsiCo and Coca-Cola, including the notes to the financial statements, are available at each company's respective website. You are required to analyze the financial performance of these two company's accounting cycle. ASSIGNMENT PART-A NEED TO ADDRESS THE FOLLOWING AREAS a. Name two services performed by the firm. b. Legal formalities required to forming the partnership firm c. Required investment for each of the partners. d. Profit and loss sharing procedures e. What is the firm's total annual revenue? f. How many clients (expected, does it service? g. How many people are employed (expected by the firm? h. How many partners are there in the firm? Explain Why? 1. How would you design the Decision-Making Across the Organization? Did you have someone help you for this organization (attorney, accountant, relative, etc.)? k. What conclusions concerning the firms financial positions can be drawn? ASSIGNMENT PART-B NEED TO ADDRESS THE FOLLOWING AREAS 1. What were PepsiCo's and Coca-Cola's total current assets at December 26, 2020, 2. Are assets that PepsiCo and Coca-Cola included under current assets listed in proper order? Explain 3. How are PepsiCo and Coca-Cola assets and liabilities were classified? - Explain 4. What was PepsiCo and Coca-Cola "Cash and cash equivalents" at December 2007 - Explain. 5. Net amount of property, plant, and equipment fland, buildings, and equipment), 6. Total current liabilities of both the companies- Explain. 7. Total equity of both the companies - Explain 8. What conclusions concerning the companies respective financial positions can be drawn
