Cookie Business Final Project

Now that your cookie business is well underway, you are going to use the knowledge that you have gained in this course to evaluate the financial information for the company. You will be creating a series of reports and analyzing the results using the templates provided to guide you through the project.

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The learning objectives of this project are as follows:

  1. Apply accounting concepts and      standards to the creation of accounting information and reports.
  2. Analyze accounting      information used to make strategic business decisions.
  3. Apply ethical behavior to      accounting-related situations.
  4. Make business decisions based      on analyzing accounting data.

Objective 1: Written Report

Using the TEMPLATE.pdf, prepare a five-page written report (including spreadsheets) be sure to use APA formatting . with at least four scholarly sources. Your report will provide the following information:

Introduction

Part 1: Based on the data presented in the Spreadsheet Template.xlsx in Excel (CM Breakeven tab):

  • Calculate the contribution      margin (CM) for each of the three products sold at the cookie business.
  • Calculate the weighted      average CM.
  • Calculate the breakeven      point.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results based on your calculations as far as which type of cookie you think is the most profitable, which has the highest CM, etc.

Part 2: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Full Variable tab), complete the calculations listed below.

  • Calculate the value of ending      inventory under full or absorption costing.
  • Calculate the value of ending      inventory under variable costing.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results, and comment on which method you think is more helpful to managers and why.

Part 3: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Special Order tab), calculate the net increase or decrease in profit if they take the special order.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss the results and comment on if you think the cookie business should take on this special order of cookies for a wedding. Business has been slow the last few months, and the offer is less than the usual selling price for the cookies.

As part of your discussion, include both quantitative (based on the numbers) and qualitative (not based on numbers) factors that would go into the decision to take on the special order.

Part 4: Based on the data presented in the Unit VII Spreadsheet Template in Excel (IRR tab), calculate the internal rate of return (IRR) for the new equipment purchase.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Note: the PV Annuity table is provided for you. Discuss if you think the cookie business should accept or reject the purchase of the new equipment and why.

Additional information has come to your attention regarding the equipment purchase. One of the partner’s brother owns the company that sells the equipment and insists the equipment is needed. Discuss any ethical concerns you see with this type of transaction.

Part 5: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Cash Budget tab), calculate the cash receipts for the first quarter of this year.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss your observations about the way cash is collected if the company needs $150,000 per month for expenses.

Part 6: Based on the data presented in the Unit VII Spreadsheet Template in Excel (Variances tab), complete the following calculations.

  • Calculate the material      variances.
  • Calculate the labor      variances.

Complete your calculations by filling in the highlighted cells, and embed a copy of the completed spreadsheet into this report. Discuss your observations about the variances and ways to plan to improve any of the variances.

Conclusion and Recommendations

Summarize the key observations that you have made about the cookie business based on the calculations you have performed, and present any future recommendations.

OBJECTIVE 2: Powerpoint

Cookie Business Final Presentation

Now that you have completed running some calculations for the cookie business , you will present your findings.

The learning objectives of this project allow you to apply accounting concepts and standards to the creation of accounting information and reports.

Using the Objective1: Written Report as a guide, create an ten slide PowerPoint presentation. In this presentation, you want to summarize what you found and discuss how you think these findings will help you make better business decisions. In addition, provide future recommendations for the cookie business based on your report findings.

Your presentation slides should be somewhat simple (incomplete sentences, bullets, etc.) with appropriate graphics or images. You must add content to your presentation (completed sentences) through the notes feature in PowerPoint

Be sure to use APA formatting throughout

 
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