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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 6
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 pints x $ $
Cost of Goods Sold pints x $ $
Gross Profit $
Operating Expenses:
Salaries $
Rent $
Insurance $
Miscellaneous $
Total Operating Expenses $
Net Loss $
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 points, or points per suggested action item.
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