Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Wicked good cupcakes annual sales

27/11/2021 Client: muhammad11 Deadline: 2 Day

Running head: UNIT 1 ASSIGNMENT: SHARK TANK: WICKED GOOD CUPCAKES 2

UNIT 1 ASSIGNMENT: SHARK TANK: WICKED GOOD CUPCAKES 2

Introduction

Wicked Good Cupcakes was started by mother and daughter in 2011 in Cohasset, MA. The company sells its products both in – store and online markets. Wicked Good Cupcakes is a successful Shark Tank Venture. This paper is focuses on the analysis of its financial statements from the except given for the financial year 2011 and 2012.

1. During 2011 how much cash did Wicked Good Cupcakes collect from sales?

Net Sales = Cash Sales + Credit Sales

2011 credit sales are shown by accounts receivables for the year 2011 = $8,700

Net Sales for 2011 = $78,200

Hence,

Cash sales = Net Sales – Credit Sales (Accounts Receivable)

= $78,200 - $8,700

= $69,500

Therefore, Wicked Good Cupcakes’ cash sales for the financial year ended 2011 was $69,500

2. During 2011 what was the cost of goods produced by the company?

The cost of goods produced by the business refers to the total amount of goods produced in the financial year and were sold or unsold. Therefore, to obtain the cost of good produced, we use sum the cost of goods sold (COGS) and the cost of ending inventory (Finished Goods Inventory) (Weygandt, Jerry J., 2013), i.e.

Costs of Goods produced = COGS + Ending inventory

= $50,200 + $2,900

= $53,100

3. Assuming that Wicked Good Cupcakes neither sold/salvaged assets during the year, what were the capital expenses during 2011?

The expense in capital is recorded by the depreciation expenses. For Wicked Good Cupcakes, the depreciation expense recorded is for the fixed assets. Also, capital expense represents the amount the business uses to acquire, improve and/or maintain fixed assets. Therefore, for Wicked Good Cupcake, capital expense is the depreciation of fixed assets. We have then that;

Capital Expense = Depreciation Expense + Capital Loss

Capital Expense = $6,100, since there is no capital loss indicated

4. Assuming that there were no financing cash flows during 2011, using the information from above, what was Wicked Good Cupcake’s cash flow from operations in 2011?

Cash flows from operations is determined by evaluating the net income the firm has from the income statement, the non-cash activities and changes from current assets and current liabilities (Choi, W., Han, S., Jung, S. H., & Kang, T., 2015). From the information given, we have;

Net Income

$14,200

Adjustments to reconcile net income:

Depreciation Expense

$6,100

Changes in Operating Assets and Liabilities:

Increase in Accounts Receivable

($3,000)

Decrease in Inventory

$1,000

Increase in Accounts Payable

$500

Cash Flows from Operating Activities

$18,800

Therefore, cash flows from operating activities for Wicked Goods Cupcakes was $18,800 in the financial year 2011.

5. Does your analysis of these selected financial data justify O’Leary’s interest and partnership in Wicked Good Cupcakes? Explain.

Based on the information provided and the analysis obtained above, it clearly justifies the interest of O’Leary’s had to partner with Wicked Good Cupcakes. This is because the business has positive cash flows from its operations, working capital (current assets – current liabilities) as well as positive net profit margins. The business is therefore profitable and thus viable to any investor to put his/her funds in the business (Weygandt, Jerry J., 2013).

6. Based on the analysis above; if you were a Shark Tank investor what would your offer be? Explain the rational for your offer.

Given that profit margin of the firm is approximately 18% of the net sales, the best offer that I would make I will make is $120,000 at 13% interest and allow the firm to reserve 5% for revenue growth. The total investment will be approximately $923,076. The rationale behind this proposal is that the revenue is growing at a 18% per year, hence the business would not be able to offer more than 18% interest. This would allow for capital expansion and growth of the firm (Paul D. Kimmel, Jerry J. Weygandt & Donald E. Kieso, 2015, 752).

References Choi, W., Han, S., Jung, S. H., & Kang, T. (2015). CEO's operating ability and the association between accruals and future cash flows. Journal of Business Finance & Accounting, 42(5-6), 619-634. Paul D. Kimmel, Jerry J. Weygandt & Donald E. Kieso. (2015, 752). Accounting Tools for Business Decision Making(6th ed.). Wiley. Weygandt, Jerry J. (2013). Accounting Principles. 11th ed. Hoboken: John Wiley & Sons.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Academic Tutor
Math Guru
Homework Guru
Unique Academic Solutions
Top Grade Tutor
Academic Master
Writer Writer Name Offer Chat
Top Academic Tutor

ONLINE

Top Academic Tutor

As per my knowledge I can assist you in writing a perfect Planning, Marketing Research, Business Pitches, Business Proposals, Business Feasibility Reports and Content within your given deadline and budget.

$21 Chat With Writer
Math Guru

ONLINE

Math Guru

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$26 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$16 Chat With Writer
Unique Academic Solutions

ONLINE

Unique Academic Solutions

I reckon that I can perfectly carry this project for you! I am a research writer and have been writing academic papers, business reports, plans, literature review, reports and others for the past 1 decade.

$24 Chat With Writer
Top Grade Tutor

ONLINE

Top Grade Tutor

Being a Ph.D. in the Business field, I have been doing academic writing for the past 7 years and have a good command over writing research papers, essay, dissertations and all kinds of academic writing and proofreading.

$23 Chat With Writer
Academic Master

ONLINE

Academic Master

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$25 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Race in america textbook pdf - Short research paper for PHD. Please read below before bidding. APA 7th edition format MUST - Stress vulnerability model examples - Approximate figure crossword clue - Criminal justice - Write an algorithm to brush your teeth - Information technology for the health professions 5th edition - Final asss - I wanna love you right - Loch sport boat ramp - Center for positive organizational scholarship - How to connect two frames in java netbeans - What is a branching dichotomous key - In nevada, which of the following may initiate revenue bills? - Stanford university press editors - Ford debt to equity ratio - Astrology in romeo and juliet - Chemistry data booklet vcaa - Lif5800rl p smoke alarm manual - Pinkberry case study - Hp blade server architecture - Bpf filter cheat sheet - Maternity - Deliverable 4 - Electricity, Magnetism, and Light Compare/Contrast Paper - Financial statement with adjustment class 11 questions - The plan of god rb thieme - What does homework soundtrack mean - Mr avila theme song - Spirit stallion of the cimarron source - 6.02 quiz gathering weather data - Simple and compound probability worksheet - Power factor correction explained - Early childhood observation checklist - Thomas jefferson vs alexander hamilton conversational cartoons worksheet - How to select cells a3 through f3 in excel - Human resource - What to write in a school captain speech - What's an imperative verb - Verilog 7 segment display - Chauvet pont d arc virtual tour - What is the geometric mean of 10 and 12 - John berger ways of seeing essay - Paper - Monica diaz and michael naranjo - Friday 23 - Drexel university university city campus - Functional language lesson plan - 9b/69 elm park dr hoppers crossing - S vt 1 2at 2 solve for a - Racq caravan towing course - Collective bargaining fair work act - Week 5 assignment 3 email based on listening skills scenario - Hey whipple squeeze this chapter 2 summary - 44 connell street davoren park - Https www internetsociety org tutorials your digital footprint matters - 10 example of material noun - Creative arts - How to make an astrolabe pdf - Evidence that pangaea once existed - My sisters keeper - Psychological Theories of Crime - F ion electron configuration - The criminal justice system crossword - DISCUSSION QUESTION - INFLATION, 350 WORDS AND 3 REFERENCES. - Australian competitive grants register - Checking harley oil cold - Var ax b a2var x proof - Discuss the formal element and their purpose in art - Some researchers believe that business firms moving towards ecological sustainability results in: - Block chain development - Wuthering heights chapter 3 analysis - Jomo kenyatta the gentlemen of the jungle summary - Student Post - Joker essay in english - Faculty of science helwan university - Asc 605 45 revenue recognition principal agent considerations - Cantilever beam sfd bmd - Possible conflict management and negotiation techniques - Import personal contacts permission salesforce - Horizontal foreign direct investment ppt - Ftos si 9.8 0.0 iso download - Business - Topic 5 DQ 2 - Sydney water chemical dosing - Star ccm+ post processing - Economics 203 - 5 pillars of architecture - 2 coments each one 150 words (CITATION AND REFERENCE) - Format of manufacturing and trading account in excel - How might emission spectra be used in studying stars - Not enough customers cities skylines - Managerial Challenge - Beatrice woke from her aptitude test after she - Ecom101-project - Walmart swot analysis pdf 2018 - Diebold technical support interview questions - Discussion Board ASAP - Attention getter for electric cars - Gibbs model of reflection analysis - CSCI 457 Assignment 2 – Hexadecimal Calculator