Essay on You Are an Entrepreneur

1406 Words Oct 4th, 2013 6 Pages
You Are an Entrepreneur!
Kristina Walters
Dr. Chad Greenfield
ACC557 – Financial Accounting
8/11/2013

1. EXECUTIVE SUMMARY
1.1 Product Sunshine Bakery is a new bakery specializing in gluten, wheat free products. Due to the rise in celiac disease there has been a significant increase in demand for these bakery products. For many years food allergies went undiagnosed and only recently doctors have started to diagnose food allergies such as gluten. Sunshine Bakery wants to help people affected with these problems through these specialized products.
1.2 Customers Sunshine Bakery will target customers that suffer from Celiac Disease. This disease more commonly known as a gluten allergy affects “An estimated 1 in 133
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ses | 1700 | Long Term Asset | Security Deposits | 1800 | Liability | Accounts Payable | 2000 | Liability | Credit Card | 2110 | Liability | Sales Tax Payable | 2210 | Liability | Second Tax Payable | 2220 | Liability | Payroll Liabilities | 2250 | Liability | Second Payroll Liability | 2260 | Liability | Tips held | 2280 | Liability | Gift cards & certificates | 2300 | Liability | Customer Credits | 2350 | Long term liability | Notes Payable | 2400 | Long term liability | Other debt | 2500 | Equity | Owner Capital | 3000 | Equity | Common Stock | 3100 | Equity | Retained Earnings | 3300 | Revenue | Sales Revenue | 4000 | Revenue | Food Sales | 4200 | Revenue | Catering & contracts | 4500 | Revenue | Other Operating Income | 4700 | Cost of Goods Sold | Cost of Sales | 5000 | Cost of Goods Sold | Produce Cost | 5210 | Cost of Goods Sold | Bakery Cost | 5220 | Cost of Goods Sold | Delivery & direct labor Cost | 5600 | Cost of Goods Sold | Merchant Fees | 5700 | Expenses | Inventory Loss/Waste | 5800 | Expenses | Labor related expenses | 6000 | Expenses | Management Wages | 6100 | Expenses | Staff Wages | 6200 | Expenses | Employee Benefits | 6300 | Expenses | Workers Comp Insurance | 6400 | Expenses | Employers Payroll Taxes | 6500 | Expenses | Payroll processing expense | 6600 | Expenses | Direct Operating Expenses | 7100 | Expenses | Restaurant & Kitchen Supply | 7110 | Expenses |

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