Assignment 2: Final Project: Annie's on Broadway: Winter Quarter

Task
Given the data for operations ending March 31, create an initial three months (first quarter)
skeletal profit and loss statement including both numeric and percentage calculations for each
skeletal profit and loss statement data field. This week, perform the following activities.
1. Identify how the net profit could have been increased, if it is positive; or else, how loss as
calculated could have been avoided.
2. What areas of boutique operations, as illustrated in the analysis, should have been planned more
effectively by the owner/buyer? Why?
3. Given the data as calculated in the winter skeletal profit and loss statement, create a projected
skeletal profit and loss statement for spring quarter assuming a net sales increase of 3 percent
and same expenses.
Deliverable
Use the given template to document your responses and submit it to the W2: Assignment 2 Dropbox by
Monday, September 2, 2013. You can use the Microsoft Word or Excel template depending on your
comfortyou'll be graded on the calculations and not on the choice of template.
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 Monday, September 2, 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.
Grading Scale for Assignment Criteria:

Excellent Good Moderate

Needs
Improvement
5 Points 4.5
4
3.5
Excellent Good Moderate
Needs
Improvement
10 Points 8.5
8
6.5
Excellent Good Moderate
Needs
Improvement
15 Points 12.5
12
9.5
Excellent Good Moderate
Needs
Improvement
20 Points 16.5
16
12.5
Assignment 2 Grading Criteria

Below
Standard
3
Below
Standard
6
Below
Standard
9
Below
Standard
12

Unacceptable
02 Points
Unacceptable
04 Points
Unacceptable
06 Points
Unacceptable
08 Points
Maximum
Points

Content
Correctly computed numeric and percentage calculations for first
quarter.
Identified how net profit can be increased or loss can be avoided,
as applicable.
Identified areas of boutique operations that should have been
planned more effectively.
Justified the response.
Created a correct projected skeletal profit and loss statement for
spring quarter.

Format
Used the given template to document responses and
submitted to the W2: Assignment 2 Dropbox by Monday,
September 2, 2013. Used the provided Word or Excel
template.
Participation
Total:

25
25
25
20
25

125

For assistance with any problems you may have when completing this assignmentORto offer
your assistance to classmates, please use the Problems and Solutions Discussion area located
through the left side navigation link.