Lemonade Stand Economic Report Essay

In business there are no guarantees for success. Skills, knowledge, great motivation and honest evaluation of ability to carry out and then manage the operations are just some of the requirements that determine the probability of the successful project. Success is never automatic and does not rely on luck. There are no ways to foresee or eliminate all of the risks that might affect successful operation of a new business. However detailed planning, thorough analysis and well-carried out organization create good potential for a new business. In the provided case study, we will assess the probability of success for Icedelights franchise in Florida. Analysis will be done through evaluation of each step in the decision making process, close

While the issues regarding poverty are addressed in both the books Make Lemonade by Virginia Wolfe and “South of the Slot” by Jack London, each author has a very different view of the life of the lower class. In “South of the Slot” the lives of the lower class are heavily romanticized while Make Lemonade provides a more grounded and unsettling look at the struggles of the lower class. In "South of the Slot” the protagonist Freddie Drummond is a wealthy sociologist who becomes fascinated with the carefree way of life of the impoverished workers he studies. Make Lemonade on the other hand is written from the perspective of Verna Lavaughn, a penurious student who attempts to look after a young mother Jolly who is struggling to raise her children

Presented to: WGU Assessment Code: RWT1 Student Name: Carol Wilson Student ID: 000219654 Date: February 22, 2013 Mentor Name: Christina Williams

Throughout this task I will do my best to explain how firms determined to maximize profit do just that. Specifically I will delineate how such firms choose the optimum level of production or output for the goods they produce and how they behave with respect to various elevations of marginal revenue. In my attempt it will be appropriate for me to clarify the definitions of various economic terms in order to assure a proper understanding of my thoughts on this topic, I will provide these definitions throughout.

When people think about education, they often think about being in a school. A school is a place where education is above all, and is set to high standards of learning. However, people can have a great education and learn in different settings other than a school, such as in a home. In Virginia Euwer Wolff’s Make Lemonade, the narrator, LaVaughn, finds ways to be educated in school and to educate others out of school. Most readers notice LaVaughn’s education through school, but more observational readers notice that other characters are being educated in settings like their home. Through education, LaVaughn learns many new things about herself and about others. In Make Lemonade readers notice how education, both in school and at home, improves the lives and transforms the identities of LaVaughn, Jolly, and Jeremy.

Usually local residents support new business ventures and Lemon Lovin’ Life has $10,000 to spend for advertising. Considering the product theme various marketing vehicles will be utilized to communicate the message, image, and presence of the business. Bovee & Thill (2013) asserted that there are different ways to promote products, including the use of print media (magazines, local newspapers and student publications) (p. 382), broadcast media (local TV shows, radio programs), hotel guides (Chamber of Commerce newsletters, brochures, flyers), direct mail (subscriber lists, inserts in newspapers, office mail delivery) (p. 374), social media (Facebook, Twitter, Instagram) (p. 382), and others (attendance in charity events, sponsorships, press conferences) (p. 382).

* We increased this costs as a percent of revenue 2.7% over the previous year for all forecasted periods

"Suppose you own a McDonald’s franchise; a teenage cook makes ten hamburgers per hour for you, and each hamburger is sold for $2. Your hourly business revenue from hiring that cook is $20, i.e., price times the cook’s output. Suppose all other costs add up to $12 per hour of production, and the minimum wage you pay the cook is $5 per hour. Then your hourly profit from hiring that cook is $3 [$20 - $5 - $12]. Now suppose all costs a prices double, that is, a hamburger fetches $4, the minimum wage becomes $10, and other costs rise to $24.

Star River’s current ratio indicates that it cannot cover its current obligations totally with its current assets. Low values (less than 1), however, do not indicate a critical problem. If an organization has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

What if there was no such thing as family? In Make Lemonade by Virginia Euwer Wolff, she writes about these two main families and how they strive every day to grow. She writes about their struggles but also about their accomplishes. Throughout the book, we as readers, can see the amount of change that is happening and perseverance even when things are not easy. Virginia Euwer Wolff professes throughout the book how people's family can change them for good or bad. LaVaughn’s mother impacts LaVaughn in a good way assuring she has a successful and an exceptional future. Although her mother did help her, she did hold her back in certain parts of the book that affected LaVaughn. Jolly, Jilly and Jeramy only had each other throughout their lives, therefore LaVaughn, acting as family, takes them under her wing.

Big Tex wants his new manager (the same one mentioned in part d. above) to oversee a proposed hotel gift shop. The small gift shop will increase his ADR by 1%, his variable costs by 5 %, and his fixed costs by $24,000.

The virtual "Lemonade Stand" was a valuable way of showing how supply and demand operates in real situations as well as how each can affect the other. Key components that are true in real market that can have a positive or negative effect on the supplier or consumer. A few components that when you first begin to play the game you may not realize is how much inventory will be needed as well as cost of each product. When I played I bought a large amount of sugar, which after one of the rounds the sugar had to be discarded because of bugs contaminating the rest of the sugar supply. This consideration of items going bad was not something I had considered when first beginning the game. Other items I had not realized was ice melting at the end of each day as well as lemons going bad. This was an issue because I needed to anticipate the following day of how much supplies would be needed so as not to have a surplus amount that could go bad or end up with a shortage of supplies. Other considerations were weather, cost of cup and taste of the lemonade. My next step was to try to understand these factors and apply myself to gain some success in the virtual lemonade stand.

To perform a break-even analysis, we have made the following assumptions: (a) retail margin= 60%, (b) the additional fixed cost of production per flavor, including advertising, bottling run and sundries, is $10 million and this is assumed to be an annual cost, except the bottling run, (c) a conservative estimate of percentage share of market figure is derived by multiplying the market segment percentages, as well as the age segment percentage for the category > 40 yrs. The percentage = 74% x 62% x 85% x 40% = 16%. We first determine the retail

Water is the most refreshing drink in the world, and probably the cheapest. People drink water because it's easy to achieve and cost barely anything. Lemon is one of the worse kinds of grapefruit people eat or doesn't eat at all. It taste extremely sour and even bitter if you eat the skin. But if you add these two ingredients together, you get one of the most prolific drinks ever. There are hundreds of ways of making lemonade. From whiskey lemonade to chocolate lemonade, there is a very wide range of making lemonade. But the simplest of all these kinds is the water base lemon drink, where water and lemon is the two crucial flavors in the drink. It's refreshing, healthy, and helps reduce Fibromyalgia, a

Colin's unemployment status has caused him to consider opening up his own business. His dilemma is deciding where to locate his business; either at Great Eastern Building downtown or Exploits Valley in the mall. Due to him being unemployed, Colin needs to begin earning an income to live. To do so he needs to improve his projected sales so that his net income would be sufficient to live on and to be able to pay back Ed's investment in the business.