Jeremy Langer

Jeremy Langer| | | Preface Jeremy Langer is a young entrepreneur who lives in a bad Canadian city. He spotted the opportunity of selling souvenirs at the International World Festival to be held from 9th June 2014 21st July 2014. The text file contains a record of all dividing line minutes of Langers Souvenirs from June to July, 2014. daybook entries, T-accounts as well as trial balances have been created for pre-adjusting, post-adjusting and post-closing. equaliser sheet (as on July 03, 2014) and Income statement & statement of possessors peachy account (period ending July 03, 2014) have also been created for Langers Souvenirs. These monetary statements have been used to calculate performance ratios such as current ratio, Gross profit margin percentage and so forth Further, based on the values of these ratios, we have attempted to earmark Jeremy Langer with a feedback on his condescension. Assumptions * As this is a one-time only line of products and as there is no scope or surmisal of repeating business we consider the business cycle to be for 6 weeks. From June 9 July 21. * We assume for this purpose that all transactions which happened before June 9 to be active from June 9th only. i.e. no business was conducted before and all entries start on June 9, the day business starts.

* Financial Statements prep ared apply till July 3rd i.e. for the age of 3 weeks and 3 days. * Validity of any business plus is for 6 weeks only starting 9th June. * Only 5000 souvenirs are make and no more can be made. * Jeremy will be not be retaining his business after July 21st. * License cannot be resold/transferred * License is a capital non-current asset * Design is a capital non-current asset & its cost will be expensed oer each souvenir made. i.e. since I assume that cost of aspiration is to be borne by each product and since only 5000 are made, we account for the cost inventory sold when the financials are made. * in all Sales... If you want to get a full essay, order it on our website: Ordercustompaper.com

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