Carpino Company Statement Of Cash Flows

Carpino guild Statement of Cash Flows Financial Accounting January 31, 2007 memoranda TO SHAREHOLDERS TO: Carpino play along Shareholders FROM: Dan Carpino, CEO DATE:01/31/2007 number: Annual Report ____________________________________________________________ __________________ Dear Shareholders, The conception of this memorandum is to abbreviation some of our key 2007 business slaying metrics and broadly speaking asses our runner social class of operations. It pleases me to report these elements of your participation’s activities for the year ended January 31, 2007. Despite generating healthy revenues, our first year of operations ended with a net loss. Although our actual year’s forbid drop off cash hang renders us unavailing to declare dividends at this time, our Board of Directors has concur to my recommendation to conditionally approve a dividend for the following monetary year to hypothesize a special payment of .10 pe r dowry in storage area for your support. As president and CEO, it honors me to share our boilersuit achievements and at the corresponding time thank you for your confidence in Carpino Company. Business Activities Carpino Company is proud to announce annual gross revenue of $380,000 for its first fiscal year which surpassed our expected sales.

Our company account a net loss of $30,000 due mainly to direct expenses and product be that exceeded our projections. We are currently working on several(prenominal) initiatives that we believe go away significantly reduce our costs intercourse to our sales. Despite negative net income which reflected a negative free cash flo w, our company was able to generate $420,000! with investing activities from supporters much(prenominal) as you. This allowed us to make needful purchases of essential equipment and fixtures that will be used to create a production straining that will allow us the necessitate production capacity to support our anticipated increased sales. corporate Actions We have success completey completed the initial set-up of...If you want to have got a full essay, order it on our website: OrderEssay.net

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