Provide business report, and detailed recommendations. Discuss all relevant issues, including pros and cons of each course of action. Outline any questions/inquiries which should be directed to Nandalal and his family and why the information is important to certain decisions Nandalal's Nursery

in 1988, Nandalal's family immigrated to Canada he was 2 years old. His grandparents and parents pooled their money and invested in a plot of land located in the greater Vancouver area. They started working on the land, planting a variety of trees and shrubs. The plants and trees would grow to a substantial size then the family would sell them to local specialized gardening stores. They named the business after their youngest son Nandalal. Nandalal's Nursery is a privately owned family-owned business that has been operating for over 30 years. The nursery specializes in growing and selling a variety of trees and shrubs to commercial customers. Over the years, Nandalal's Nursery has experienced significant growth this has resulted in increased competition and a need to manage costs more effectively. As Nandalal's family has worked the land independently, it has become a sentimental part of their family and experience in Canada. With the assistance of a $10,000 loan from his parents, Nandalal graduated from UBC with a degree in Horticulture. He intends on repaying the amount, but his parents don't seem too concerned. Like his family members, Nandalal feels a strong connection to the land. He grew up amongst the Spruce and Douglas trees, spending many hot summer days helping his family continue to plant, raise, and harvest trees for sale. His older brother and father were always in charge of transport and his sister and mom had a knack for negotiations and papenivork. With his parents and grandparents aging and retiring, Nandalal is looking for a way to ensure that the nursery continues to be successful. He also wants to provide some funds for his parents and grandparents into their retirement. Beyond the initial incorporation of the business and 100 outstanding shares for $1 each in his dad's name, the company hasn't altered its corporate structure. Over the years, the family has taken some cash out of the company to support themselves. Historically, the nursery has taken on very little debt and the family has no mortgage on the home located on the property. Nandalal's sister, Inder, has recently mentioned that they need to have better business records and to declare dividends to help keep track of money coming in and out of the business. Nandalal doesn't really understand why his sister is occasionally raising this topic. The nursery started as a small business with just a few acres of the land used, but it has grown into a large operation- this has become taxing on the family. Some external family friend and members of the community have been helping maintain the 45 acres of the land. Nandalal is thinking of bringing on seasonal employees in the spring and summer to assist with these roles at an average hourly wage of $20 per hour. Alternatively, Nandalal can purchase some new machinery costing $18,000 with a useful life of9 years to assist with these jobs in the spring and summer. The machinery would also be useful in the fall and Nandalal's Nursery winter to prepare the land for the next planting season. This machinery would replace 4 full time workers on the farm. The farm's current machinery is quite old. It was purchased second hand in 2018 for $12,000. It has a useful life of 10 years but needs continual maintenance every year costing an average of $3,000. The family thinks it can be sold for scrap metal for $4,500 today. The company has experienced a steady increase in sales, and its customer base has expanded to include more commercial clients, as well as some new residential clients who drive into the nursery with inquiries. Nandalal's dad has been so busy he almost always turns them away. Nandalal estimates that residential customers would pay 70% more than the commercial customers do and would represent 25% ofthe total sales volume each year. As the company has grown, Inder has become increasingly aware ofthe need to manage costs more effectively. With increased competition and rising costs of inputs, the company needs to find ways to maintain its profitability. Inder continues to point out the importance of managerial accounting in helping them to make better business decisions, but Nandalal prefers the physical work and harvesting trees over running the business. Nandalal, Inder, and their older brother Mandeep have decided to reach out to you and your team to assist the company. It is a critical time as the company has matured, and the older generation is trying to transition away from the dayeto~day operations