Reference no: EM132438934
MINICASE: The Nom-Nom Cake Company
Danh and Linh Nguyen formed the Nom-Nom Cake Company in Los Angeles, CA in 2013. Their company produced a variety of specialty cakes. While getting their new company off the ground, Danh and Linh continued to work at their primary jobs. Linh handled marketing and distribution while Danh performed all of the baking. The company grew rapidly and was featured three years later on a popular cooking show, followed by interviews in trendy magazines. Sales really took off after that, and the company began receiving orders from all across the United States and also from overseas customers.
Thanks to this explosive sales growth, Danh and Linh left their "regular" jobs behind and began producing specialty cakes full time. They also hired additional workers to help them keep up with orders. However, the influx of orders has created more demand than they can manage with their current capacity. They are producing as many cakes as they can, but demand for their cakes continues to grow, and they are becoming swamped by larger and increased numbers of orders. A national supermarket chain and a famous restaurant recently contacted Nom-Nom Cake Company about selling their cakes in the supermarkets and featuring them in restaurants all across America.
Danh and Linh have operated the company as a sole proprietorship thus far. Assume they have approached you as a consultant to help manage and direct the company's future growth. Specifically, they have asked you to advise them on the following questions:
1. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to an LLC?
2. What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a corporation?
3. Ultimately, what action(s) do you recommend Danh and Linh take regarding the company and why?
|
How calculate the corrected incomes
: How do you calculate the corrected incomes for 2016, 2017 and 2018? Which entries would be required in 2019 to correct the books with ignoring income taxes
|
|
Impacted activities with their cost and schedule attributes
: Address identifications of impacted activities with their cost and schedule attributes, remembering to account for contingencies.
|
|
The nature of real versus personal property
: Personal Property and Bailments, Real Property and Landlord-Tenant Law, Insurance, Wills, and Trusts. Liability of Accountants and Other Professionals,
|
|
How companies manage compensation and benefit plans
: What are some ways technology is changing how companies manage compensation, benefit plans, and associated costs? How does managing employee compensation tie
|
|
Changing company organization from sole proprietorship
: What are the advantages and disadvantages of changing the company organization from a sole proprietorship to a corporation?
|
|
Discuss the compensation administration productivity tools
: Discuss the COMPENSATION ADMINISTRATION PRODUCTIVITY TOOLS,Tools such as a Salary Survey Analyzer to automate the entire Salary Surveying process,
|
|
What is the transaction price for this transaction
: The bonus is reduced by $10,000. Assume that Acme uses the expected value approach. What is the transaction price for this transaction
|
|
Writing business message
: What are some methods of emphasizing your point when writing a business message? Should we use bullet points or lists to help make our point?
|
|
Explain why the adaptation represents a frame
: Identify one example of adaption in each of the four frames, symbolic, political, human resource and structural. Explain why the adaptation represents a frame
|