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Assignment 1: Final Project: Annie's on Broadway: Wrap-up Activity This week, perform the following tasks. 1. Based on your facilitator's feedback, revise skeletal P&L statements of all quarters for Annie's on Broadway. Financial Analysis 2. Create a year-end skeletal P&L statement for Annie's on Broadway for their first year of operations from the data given in the opening scenario of the project. Compute all skeletal P&L statement data fields to compare the first year of business (2004) with t
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  Assignment 1: Final Project: Annie's on Broadway: Wrap-up Activity  This week, perform the following tasks. 1.   Based on your facilitator's feedback, revise skeletal P&L statements of all quarters for Annie's on Broadway. Financial Analysis  2.   Create a year-end skeletal P&L statement for Annie's on Broadway for their first year of operations from the data given in the opening scenario of the project. Compute all skeletal P&L statement data fields to compare the first year of business (2004) with the second year of business. 3.   Create a skeletal P&L statement year-end analysis for Annie's on Broadway's second year of operations incorporating the dollar sum total of each quarterly skeletal P&L statement, i.e., sum the totals of each skeletal P&L statement component field for each quarter and compute total net profit in dollars and percents for the year. For example, if you took the  NS$ from winter, spring, summer, and fall, and added them together, you would have the total NS$ for the year. Build your final skeletal P&L statement on the totals in the NS$ and %, COGS$ and %, GM$ and %, and OE$ and % to calculate the yearly total NP$ and %. Memo to Annie Considering that you're a financial planner for Annie's business, 4.   Suggest at least two strategies Annie should continue/discontinue/augment/adopt to be more profitable in the year to come. Justify your suggestions on the basis of financial data generated for the retail boutique during the 2005 business cycle. Remember the following  points to make a suggestion: o    Net profit or loss in 2004 vs. 2005 o   Fluctuations in GM, OE, NS and COGS o   Trends apparent from the data o   Relocating boutique at a downtown location o   Best practices to increase net profit o   Practices to avoid and continue 5.   Analyze reasons for the year-end final net profit performance of Annie's on Broadway. (Make sure to examine the srcinal case study for the retail boutique.) 6.   Based on the net profit performance of this business in 2004 and 2005, provide a Net Profit projection for fiscal year ending December 31, 2006  —   project whether net profit will be greater or lesser. Justify your projection. Remember to check your skeletal profit and loss statement calculations at least once for accuracy and correct projections.  Document your responses in the templates provided and submit them along with revised skeletal P&L statements of all quarters to the W6: Assignment 1 Dropbox  by Saturday, September 28, 2013 . Participation  Start reviewing and responding to your classmates as early in the week as possible. Continue the discussion through the end of the week. By Saturday, September 28, 2013 , review and respond to at least two of your classmates' work, providing constructive feedback, suggestions, questions, and additional helpful information. Each peer response should be a minimum of 150 words. Information, comments, and conclusions should be supported by your research and sources. Keep the following in mind when you are responding to your peers:    Did they discuss any thoughts that you had not considered?    What did you learn from their post? Grading Scale for Assignment Criteria:   Excellent   Good   Moderate   Needs Improvement   Below Standard   Unacceptable  5 Points 4.5 4 3.5 3 0  –  2 Points Excellent   Good   Moderate   Needs Improvement   Below Standard   Unacceptable  10 Points 8.5 8 6.5 6 0  –  4 Points Excellent   Good   Moderate   Needs Improvement   Below Standard   Unacceptable  15 Points 12.5 12 9.5 9 0  –  6 Points Excellent   Good   Moderate   Needs Improvement   Below Standard   Unacceptable  20 Points 16.5 16 12.5 12 0  –  8 Points Assignment 2 Grading Criteria   Maximum Points   Content  Revised skeletal P&L statements of all quarters. 10  Correctly completed year-end skeletal P&L statement and computed all data fields. 5 Correctly completed skeletal P&L statement year-end analysis. 5 Suggested at least two strategies to be more profitable in the year to come. 5  Justified the suggested strategies. 5 Discussed reasons for the year-end final net profit  performance. 5 Provided correct net profit projection for fiscal year ending December 31, 2006. 5 Format  Used the given template to document responses and submitted them along with revised skeletal P&L statements o all quarters to the W6: Assignment 1 Dropbox  by Saturday, September 28, 2013 . 5 Participation   Commented on at least two peers’ assignments with specific remarks within 48 hours of the assignment deadline  —  Saturday, September 28, 2013  —  at least 150 words for each response. Comments included at least two of the following:    Questions regarding the content of assignment.    Observations regarding the content of assignment.    Constructive feedback to assist classmates with improving their work. Vocabulary and topics from the text/lecture should be used to support your discussion, and sources should be cited in MLA format. 5 Total:   50   For assistance with any problems you may have when completing this assignment — OR — to offer your assistance to classmates, please use the Problems and Solutions Discussion area located through the left side navigation link.
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