ACCT1021 Lecture Notes - Lecture 14: Glass Recycling, Sole Proprietorship
4 Apr 2017
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Sole proprietorship: only one employee (has no one helping with accounting or finance) Manufactures 4 standard types of products: glasses, paper weights, wrapped tumbler, vases. What is the central issue facing edward engelhardt giberson, the owner of. Giberson glass: the most significant problem is that the financial position of giberson. Glass is rapidly deteriorating: business as usual is not an option. If giberson does not make some adjustments to his business plan, he is likely to be facing bankruptcy. What are the positive (or at least potentially) positive signs for giberson: demand for unique products is high and has not been met. He does not make any custom products to date: giberson runs a two week backlog for the standard glass products, with that kind of backlog, he probably has room to raise prices. Depreciation on furnace and other equipment, truck. ,000 per month over the 40 weeks of product. Which activity drives the gas cost: operating the furnace.
