Hi everyone
I need to help me in this case study
I want summary introduction and solving problems in case and conclusion and answer the
questions in case Case 1-2 Kim Fuller* In the early fall of 2010, Kim Fuller was employed as a
of this material was available. All that was needed was an district sales engineer for a large
chemical firm. During organization to tap that bottle supply, grind the bottles, a routine
discussion with plant chemists, Fuller learned and deliver the pulverized plastic to the chemical
comp- that the company had developed a use for the recycled any. It was an opportunity Fuller
had long awaited-a material, in pulverized form, made from plastic soft chance to start a
business. drink bottles. Because the state had mandatory deposits on all beverage bottles, Fuller
realized that a ready supply costs involved in setting up a plastic bottle grinding In November
2010, Fuller began checking into the business. A used truck and three trailers were acquired to
pick up the empty bottles. Fuller purchased one © Professor Robert N. Anthony.
Solution
Fuller would require accounting information regarding the incomes and expenses done for the
operations of his business. And also Fuller would be required to keep proper check and recording
of the assets and liabilities held by the business and the flow of funds and cash through the
business day in day out. Non-accounting information will include making cost analysis. Keeping
a check on the expenses and arriving at proper alternatives to minimize the overall cost.
Technology information to be competitive as new players may enter the market with
technological advantage. Searching for new opportunities to grab and increase the sales and the
overall market and total revenue.
Fuller purchased one used truck and three trailers and one used grinding machine and a new one.
He also purchased the maintenance equipment and a personal computer with software for
accounting and financial information storage. All this sums up the assets of Fuller’s business
with the warehouse purchased being the last one. The $75000 invested by Fuller and the $90000
invested by his brothers and sisters and the mortgage for warehouse are all his Liabilities. Fuller
must value the assets on cost and decide on a depreciation method to be implemented for
depreciating the fixed assets purchased over the time. The company’s opening owner’s equity is
$75000 invested by Fuller and $90000 invested by his brothers and sisters.
Information regarding all the expenses incurred for sales and other expenses relating to business
should be recorded and reported accurately and on a timely basis. Fuller should also keep a track
of the taxation policies governing the business. Subtracting the expenses total from the Income
total will give fuller his profit or loss and even the break-even point from where he will start
making profits. Fuller should analyze the profit and loss statement on a weekly or half monthly
basis, as he is new in th.Read less
