Free Essay

Project

In: Business and Management

Submitted By yulevder
Words 5577
Pages 23
Term Project
Part A: Understanding Financial Statements
Locate and use an annual report
STEP 1: The Company Assigned to you
Find the most recent annual report online for the Canadian public company assigned to the last 2 digits of your student number as per the table provided below. The annual report obtained from SEDAR must contain audited financial statements and the MDA
(management's discussion and analysis).
Last 2 Company Assigned digits of your student number
00
01
02
03
04
05
06
07
08
09
10
11
12
13
14
15
16
17
18
19
20
21
22

Acadian Timber Corp.
Acorn Energy, Inc.
Adobe Systems Incorporated
Advanced Micro Devices, Inc.
AEterna Zentaris Inc.
Ag Growth International Inc.
Agrium Inc.
Air Canada
AlarmForce Industries Inc.
ANI Pharmaceuticals, Inc.
Bank of America Corporation
Bank of Montreal
Bank of Nova Scotia, The
Barclays Bank PLC
Barrick Gold Corporation
BCE Inc.
Brookfield Asset Management Inc
Caledonia Mining Corporation
Canadian Imperial Bank of
Commerce
Canadian National Railway Co.
Canadian Oil Sands Limited
Canadian Pacific Railway Limited
Canadian Tire Corporation, Ltd

Last 2 Company Assigned digits of your student number
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68

Gildan Activewear Inc.
Glencore Canada Corporation
Helix BioPharma Corp.
High Liner Foods Incorporated
Hydro One Inc.
IMAX Corporation
Imperial Oil Limited
Inovio Pharmaceuticals, Inc.
Leon's Furniture Limited
Linamar Corporation
Loblaw Companies Limited
Lojack Corporation lululemon athletica inc.
Magna International Inc.
Maple Leaf Foods Inc.
Martinrea International Inc.
Metro inc.
Molson Coors Brewing Company
Nanotech Security Corp.

69
70
71
72

National Bank of Canada
Potash Corporation of Saskatchewan Inc.
Rare Element Resources Ltd.
Resolute Forest Products Inc.

Last 2 digits of your student number
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49

Company Assigned

Canadian Western Bank
Canam Group Inc.
Cargojet Inc.
Cascades Inc.
Catalyst Paper Corporation
Celator Pharmaceuticals, Inc.
Celestica Inc.
Cenovus Energy Inc.
Cervus Equipment Corporation
Chalice Gold Mines Limited
Citigroup Inc.
Clean Harbors, Inc.
Clearwater Seafoods Inc.
Cogeco Cable Inc.
Contact Minerals Corp.
Continental Energy Corporation
Co-operators General Insurance
Co.
Corus Entertainment Inc.
Credit Suisse AG
Destiny Media Technologies
Inc.
DiagnoCure Inc.
Domtar Corporation
Eldorado Gold Corporation
Electronic Cigarettes
International Group, Ltd.
Enbridge Inc.
Exco Technologies Limited
Fortis Inc.

Last 2 digits of your student number
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89

Company Assigned

Richelieu Hardware Ltd.
Rogers Communications Inc.
RONA inc.
Royal Bank of Canada
Sears Canada Inc.
Shaw Communications Inc.
SNC-Lavalin Group Inc.
Spectra Energy Corp
Suncor Energy Inc.
Telesta Therapeutics Inc.
TELUS Corporation theScore, Inc.
Thomson Reuters Corporation
Toromont Industries Ltd.
The Toronto-Dominion Bank
Torstar Corporation
Tyco International plc

90
91
92

Uranium Energy Corp.
Visa Inc.
Wells Fargo Canada Corporation

93
94
95
96

WestJet Airlines Ltd.
Xenon Pharmaceuticals Inc.
Xerox Corporation
Yellow Pages Limited

97
98
99

ZaZa Energy Corporation
ZCL Composites Inc.
ZoomMed inc.

STEP 2: Write the cover of your report
Indicate: a. the name of the Company
b. its exact website address (URL)
c. the industry of the assigned company
d. describe the business of the assigned company (minimum 200 words, maximum 300 words)
e. properly identify the period of the annual report or financial statements
f. indicate what are you reading: annual report, financial statements or proxy
g. provide your name, student number, course, section, and any other piece of data that allows identifying who is making the submission.

STEP 3: Write the report
In your report it is required to copy the questions listed below, provide the answer to each question, and indicate in which page number of the annual report or proxy document the answer you provide is found.
Questions:
1. What amount was reported for revenue (net revenue before Gross Profit) for the year and what was the change in revenue during the year from the preceding year?
2. What was a main reason given in management's discussion and analysis for this change in revenue?
3. When was the MD&A dated?
4. When was the auditor's report dated?
5. Who was the auditor?
6. Who signed off the financial statements?
7. Who was the Chair of the Board of Directors at the time the annual report was issued? 8. Who was the Chair of the Compensation Committee at the time the annual report was issued?
Items 9 and 10 depend on the 3rd digit of your student number counting from the right
(the first 2 digits were used to identify your company, the third, must be used to identify the following 2 questions):
Digit
Question 9
Question 10
0 What was the total of interest accrued What was the total change in current for the year? liabilities during the year?
1 Which is the account with the largest The Disclosure Controls and Procedures ending balance in assets?
(DC&P) is included?
2 Which is the account with the largest What is amount of diluted earnings per ending balance in liabilities? share of the year?
3 What is the amount of basic earnings The Internal Control over Financial per share of the year?
Reporting (ICFR) is included?
4 What was the total change in current What was the total of expenses for the year? assets during the year?
5 What amount was reported for total What amount was reported for net assets? income/earnings?
6 What amount was reported for gross What was the total of non-current income/earnings? liabilities at the end of the year?
7 What was the total of retained earningsWhich is the expense account with the at the beginning of the year? largest amount?
8 What was the total of Accumulated What was the total of retained earnings
Depreciation at the end of the year? at the end of the year?
9 What was the total of depreciation for What amount was reported for total liabilities? the year?
STEP 4: Submit the report as a Word Document

Part B: Bookkeeping using Accounting Software
The objective of this part is to afford students the opportunity to use accounting software so you appreciate the extent to which technology has completely transformed accounting. While the need for judgment and decisions will never disappear, the bookkeeping aspects of accounting have been largely automated. The term project requirements just scratch the surface in terms of showing the capabilities of accounting software. We hope you will take the time to view all the tutorials and do some clicking around to try out even more features.
STEP 1: Acquire access to any commercial accounting software package that you don’t have to purchase. STEP 2: Use your software to create a set of books for a fictional company that includes your name and ID# with the fiscal year end of December 31st of the current year. Many products have
'wizards' or tutorials to lead you through this process.
STEP 3: Post the following transactions using the 'general journal entry' option rather than
‘specialized journal’ option. Hint: If you being prompted to enter customer or supplier name and address information, you are not using the 'general journal entry' option, and are doing more than is required in this assignment.
1. A cash sale for an amount equal to the last 5 digits of your student number.
2. A payment to a landlord for rent equal to the last 3 digits of your student number.
3. A utility expense prepaid in cash for an amount equal to the last 2 digits of your student number. 4. Accrue wages for an amount equal to the last 3 digits of your student number.
5. Advanced payment made in cash by a customer for a future sale equal to the last 5 digits of your student number.
6. Acquisition of a non-current asset for an amount equal to the triple of the last 2 digits of your student number.
7. Got cash when issuing a long term note for an amount equal to the last 4 digits of your student number. 8. Declared dividends for an amount equal to the last digit of your student number.
9. Purchase merchandise on account for an amount equal to the last five digits of your student number. Two thirds (2/3 or 66.66%) of it was used to generate sales.
10 . Depreciation of non-current asset for an amount equal to one third of the acquisition cost of item 6.
STEP 4: Prepare and print the Income Statement and Balance Sheet for the period and also your general journal showing your journal entries.
STEP 5: Submit the document as a PDF document.

Part C: Advanced Bookkeeping

Briana’s Apps
(Version B)

Briana Hope has had a long-standing love affair with technology and an appetite for apps.
She believes that business owners that are not taking advantage of apps to reach customers through their smartphones are missing out on a golden opportunity.
If you own a smartphone or tablet, you are familiar with apps, whether you are checking the weather forecast, the latest stocks reports or playing any game. Many are convinced that this is how to communicate with the next generation.
Apps are very powerful tools. People even take their smartphones to the washroom, as they used to do with newspapers or magazines. There’s a decline of people going on computers. The public in general are referring more and more to mobile media for their information sources. This is especially true for people under 40 in Canada, and anyone who wants to attract that demographic.

Note: the project document files that accompany this project contain the information needed to complete the project

Briana says to her clients that if you own a business, having your own app can help market your company and build a customer base. The sky’s the limit when it comes to develop apps. For example, someone could scan your QR code (similar to a bar code) from a sign in the window of your store front, from your business card or marketing material and be linked to your app, which could contain a catalogue of your products and prices, details of any specials and offer discounts for sharing the app. You may not need a retail space at all; you can use an app to build a virtual business. With an app you have a blank canvas and you can design what you like and pull bits from your website,
Facebook, Twitter and You Tube. You build your own little community. You can use it to promote your products, services and events.
Briana, a BAS-ITEC graduate, has more than 10 years of internet technology experience.
In the year 2000 opened one of the first virtual accounting practices in Canada and in
2015 is launching DIYAppsStore Canada, an innovative app-maker platform for small businesses. The company will have the head office in Port Perry.
Her experience showed that people in different lines of work had used her apps. Models can set up an app to display their portfolios. Musicians can use it to sell their music, inform fans of upcoming concerts and sell tickets. People with an interest in genealogy can use an app to build the family tree. It is not only business that can benefit from apps.
One of Briana’s apps was to support a wedding. Her client sent out invitations, accepted
RSVPs, set up a gift registry and included stories on each person in the wedding party.
Many of her current clients are churches, who use apps to attract young people. There’s also a private school that plans to use apps to deliver homework assignments to its students. ONGs are heavy users of apps as well; and conference organizers are turning into apps to make available the welcome message, dinner booking, conference agenda, seminars, floor maps and speakers bios.
Briana had $30,000 in accumulated savings and also her husband can loan her an equivalent amount if she needed start-up capital. Brianna has a business plan that shows the potential of making $11,000 clean per month after all normal and regular expenses and related costs are taken in consideration.
In September of 2015 she contacted a lawyer for advice about the legal form to give to her new business. The legal firm Port Hope Law provided the necessary legal advice and did all the necessary paper work to incorporate1 as a Canada Business Corporation. Initial capitalization allowed for 20,000 par value shares. Briana, her lawyer and her husband were named as Directors of the Corporation which was called DIYAppsStore Canada
Ltd. The lawyers also checked that the name was not already registered and she paid an additional $1,500 to register her Internet domain website URL as www.DIYAppsStore.ca. 1
Hint: start up costs can be capitalized as an intangible asset “Organization Costs” and are assumed to have an indefinite life for amortization purposes. You may want to read the segment in Module 10 on intangibles for further clarification. Internet domain names would be afforded similar treatment.

Briana contributed $10,000 in exchange for 5,000 of the shares. This was deposited into a new corporate bank account she set up with Metro Canada Trust on September 10th,
2015. The bank account was a standard commercial chequing account that gave cheques returned with monthly statements for a fee of $50/month. The September statement is included. Although Briana knew that there was no need to have a formal office, she decided to lease a small office in a boutique mall in the Bloor and Bay area in Toronto in order to gain some visibility in the first months of operations. She signed a 4 month lease on
September 10th for $1,000/month plus HST (Ontario rate = 13%). As an inducement to sign the lease, the September rent was reduced to $500 plus HST, but she did have to provide a security deposit of $1,000 (HST exempt). The deposit would be returned at such time that the lease ended if there was no damage and she was to receive 6% simple interest on the amount which would be paid to her with the returned principal. She decided to treat the deposit as a miscellaneous receivable.
She went next to Staples Business Depot and was able to acquire all the necessary office furniture, computing and telecommunication equipment that she did not have already in her home office. For accounting purposes all office equipment would be depreciated in four years with no residual value and all computers and telecommunications equipment
(including her cell phone) will be depreciated in two years. Briana will continue to have part of her operations in the office already set up in her house of Port Perry; however, since that equipment now will be used for the newly established company, in the books it has to be reflected her capital contribution with office equipment for a value of $2,000 and computers and telecoms for $3,000.
Next step for Briana was to clearly state the pricing for the diverse services.
1) Minimum of $2,000 to develop a custom app, including consulting, setup and design. 2) $50 per month for a do-it-yourself package for small-business owners that includes consulting and trouble shooting on a 24/7 basis (terms of the contracts vary but 6 months is the minimum).
Briana knows that both services are subject to HST, and that DIYAppsStore Canada Ltd. as a GST/HST registrant has an annual reporting period as it is the one that requires the least frequent filing of GST/HST returns available for her threshold amount (annual sales of less than $1,500,000). DIYAppsStore Canada Ltd. has a December 31 fiscal year-end, therefore the due date for tax return is June 15 of the subsequent year. However, any HST owed is payable by April 30 of the subsequent year. This payment is to be reported on line 110 of the income tax return.

Briana knew that in order to develop simultaneous custom made apps she will need to rely on programmers that will be called upon need and will be paid per on a per output basis. Based on prior experience and the lawyer’s advice, these people were deemed casual labour instead of employees but in order to have that legal status they are not allowed to work more than 15 hours per week.
Briana felt quite comfortable running her own website that was designed during 2015 and has ever since suffered constant updates. She knew that if the website development was contracted out would cost a couple of thousand dollars, so she decided to buy it from
Briana Hope for $1,800 in cash and expense it immediately. Briana doubted if she was supposed to expense this $1,800 immediately or amortize it in one year, but since her expenses were not very high in relation to revenues in the start up year, she felt that her actions were justifiable.
In terms of setting up her accounting system Briana decided on the following records:
Chart of Accounts
General Journal used for all adjusting and oddball entries
Sales Journal
Disbursements Journal
Sales were of two kinds: one time only for special apps or regular payments from customers using her services. Revenues were recognized when the special app was delivered to the client and at month end for clients in long term contracts. Most of the clients paid via credit card. Briana only accepts VISA that charged 3% of sales receipts for its processing services. For those clients paying in cash, for simplicity, Briana recorded those sales when she made the bank deposit of the cash payments in her bank account. Occasionally clients for special apps would not show up at delivery but show up later with plausible sob stories. Briana would take their money for a new updated app adding a $100 processing fee to the new billing.
Briana of course had other business expenses that were normal for the business and these are reflected in the cash disbursements journal.
At the end of her first month of operations she decided to prepare a complete set of financial statements (September 30th 2015, Balance Sheet, Income Statement and
Statement of Retained Earnings… but no Cash Flow Statement).
A ten cent per share dividend was declared on September 30th, no other sums were paid or owed to Briana.

Required:

STEP 1: Prepare the accounting records by doing the following:
1. Set up the Chart of Accounts.
2. Prepare the cash reconciliation for September 30th, 2015.
3. Prepare the General Journal entries for the month of September 2015. Each General
Journal entry should have an explanation under it.
4. Post all transactions to the T-accounts.
STEP 2: Prepare the financial statements by doing the following:
5. Prepare the Adjusting Journal Entries for September 2015.
6. Post all AJE transactions to the T-accounts.
7. Prepare a trial balance for the month of September 2015.
8. Prepare the Financial Statements in good form for the month of September 2015 including footnotes for a Summary of Significant Accounting Policies and for contingency disclosures only if needed.
9. After preparing the financial statements answer the following questions:
Indicate if the net income of the month is in line with Briana’s expectations?
Make one clear suggestions of how the business can be improved so Briana can achieve and surpass her target.
Indicate which is the main risk faced by her business and how she might be able to control it.
STEP 3: Submit all the 9 items in one PDF document.

Port Hope LAW- Barristers & Solicitors
INVOICE
To: DIYAppsStore Ltd.
From: Perry Mason
Terms 15 days
Date: September 10, 2015
Re: Professional Services

For services rendered in connection with the incorporation of DIYAppsStore Ltd. including but not limited to:
Registering the Internet domain name ( www.DIYAppsStore.ca)

Various legal advice on these and other matters

The amount of $1,500

Port Hope LAW- Barristers & Solicitors
INVOICE
To: DIYAppsStore Ltd.
From: Perry Mason
Terms 60 days
Date: September 11, 2015
Re: Professional Services

For services rendered in connection with the incorporation of DIYAppsStore Ltd. including but not limited to :
Filing application for articles of incorporation as a Canada Business Corporation
Securing trademark protection on the name DIYAppsStore
Filing necessary documents with the Canadian Registrar of Companies
Filing appropriate documents as required under the Ontario Directors’ Act to name corporate directors
Various legal advice on these and other matters

The amount of $2,500

COMMERCIAL LEASE AGREEMENT
THIS LEASE (this "Lease") dated this 10th day of September, 2015
BETWEEN:
Karl Rudolf of 7 Bloor St. E, Toronto, ON
Telephone: 416-811-8118 Fax: 416-811-8118
(the "Landlord")
OF THE FIRST PART
- AND DIYAppsStore Ltd. of 79 Main St., Port Hope, ON
(the "Tenant")
OF THE SECOND PART
- AND Briana Perry of 79 Main St., Port Hope, ON
Telephone: 708-338-3883
(the "Guarantor")
OF THE THIRD PART

IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant, the Tenant leasing those premises from the Landlord and the mutual benefits and obligations set forth in this
Lease, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties to this Lease (the "Parties") agree as follows:
1. Definitions
1. When used in this Lease, the following expressions will have the meanings indicated:
a. "Additional Rent" means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease;
b. "Building" means all buildings, improvements, equipment, fixtures, property and facilities from time to time located at Manulife Center, 55 Bloor Street - Unit
1606 - Toronto ON, as from time to time altered, expanded or reduced by the
Landlord in its sole discretion;
c. "Common Areas and Facilities" mean:
i. those portions of the Building areas, buildings, improvements, facilities, utilities, equipment and installations in or forming part of the Building which from time to time are not designated or intended by the Landlord to be leased to tenants of the Building including, without limitation, exterior weather walls, roofs, entrances and exits, parking areas, driveways,

loading docks and area, storage, mechanical and electrical rooms, areas above and below leasable premises and not included within leasable premises, security and alarm equipment, grassed and landscaped areas, retaining walls and maintenance, cleaning and operating equipment serving the Building; and ii. those lands, areas, buildings, improvements, facilities, utilities, equipment and installations which serve or are for the useful benefit of the Building, the tenants of the Building or the Landlord and those having business with them, whether or not located within, adjacent to or near the Building and which are designated from time to time by the Landlord as part of the
Common Areas and Facilities;
d. "Leasable Area" means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and
Facilities, if any, and from the centre line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements;
e. "Premises" means the office space at Manulife Center, 55 Bloor Street - Unit
1606 - Toronto ON.

2. Price and Payment
a. The rent for all concepts is of $1,000 per month. September rent will be $500.
Security deposit of $1,000 is to be made with cheque that will be returned at the expiration of this contract plus 6% simple interest upon simple inspection of the premises by the landlord.
b. The rent is for a special period of 4 (four) months, ending on December 31st,
2015.
c. The tenant is responsible for paying Telephone, internet, cable, and parking all other utilities are included in the rent.
3. Signatures

Karl Rudolf
"Landlord"

Briana Perry in representation of DIYAppsStore Ltd.
"Tenant"

Metro Bank

Statement of Account

254 Main St
Port Perry ON W7I 1P7

Branch

Account 1801-001-15334
Chequing Account
Statement Date
September 30th, 2015

1801
DIYAppsStore
79 Main St
Port Hope, ON

Date

Description

September 1
September 10
September 10
September 11
September 12
September 12
September 21
September 25
September 26
September 30
September 30

DEPOSIT
CHEQUE
CHEQUE
CHEQUE
Withdraw of cash
CHEQUE
DEPOSIT in account
CHEQUE
Withdraw of cash
DEPOSIT Visa
DEPOSIT in account

Debits

Credits
10,000.00

1
2
4
3

565.00
1,000.00
4,179.31
3,000.00
590.00
2,350.00

5

MONTHLY SERVICE CHARGE

Interest for overdraft
TOTALS
Closing balance

900.00
3,000.00
11,523.60
4,130.00

50.00
12.00
13,296.31

Balance
10,000.00
9,435.00
8,435.00
4,255.69
1,255.69
665.69
3,015.69
2,115.69
(884.31)
10,639.29
14,769.29

14,719.29
14,707.29
28,003.60
14,707.29

01

DIYAppsStore
79 Main St.

79 Main St.

September 10, 2015

Port Perry W3L 1P3
PAY TO THE
ORDER OF

04

DIYAppsStore

September 11, 2015

Port Perry W3L 1P3
PAY TO THE

Karl Rudolf

ORDER OF

Five hundred sixty five with ----------------

00/100

$

565.00

Staples

Four Thousands one hundred seventy nine with 65/100

DOLLARS

PER

Metro Bank

$

4,179.31

DOLLARS

PER

Metro Bank

254 Main St.

254 Main St.

Port Perry ON

Port Perry ON

02

DIYAppsStore
79 Main St.

79 Main St.

September 10, 2015

Port Perry W3L 1P3

PAY TO THE
ORDER OF

05

DIYAppsStore

September 21, 2015

Port Perry W3L 1P3

PAY TO THE

Karl Rudolf

ORDER OF

one thousand with ---------------------------

00/100

$

1,000.00

Instaprint

Nine hundreds with ------------------------

DOLLARS

PER

Metro Bank

00/100

$

900.00

DOLLARS

PER

Metro Bank

254 Main St.

254 Main St.

Port Perry ON

Port Perry ON

03

DIYAppsStore
79 Main St.

79 Main St.

September 10, 2015

Port Perry W3L 1P3

PAY TO THE
ORDER OF

06

DIYAppsStore

September 21, 2015

Port Perry W3L 1P3

PAY TO THE

Riskit

ORDER OF

Five hundreds ninety with -------------

00/100

$

590.00

Port Hope Law

One thousand five hundreds with -------

DOLLARS

Metro Bank

PER

00/100
DOLLARS

Metro Bank

254 Main St.

254 Main St.

Port Perry ON

Port Perry ON

PER

$

1,500.00

The RiskIt Insurance Group

120 Main St.
Port Perry, ON H6I 1L7

Ask For:

INVOICE
12477
ACCT:
DIYAppsStore Ltd.
Date:
September 10th, 2015

John Risk

YOUR PREMIUM IS DUE AND PAYABLE ON EFFECTIVE DATE OF POLICY
Coverage is cancelled if not paid within 30 days

expires on August 31st 2016
EFFECTIVE September 10, 2015
5012-1
PREMIUM $
590
Note: monthly premium $50, September portion $40
Tenant Coverage, All perils
Limit of Liability
$2,000,000

TERM

POLICY

Paid September 10
Cheque # 3

Quantity

Price

Total

Furniture
Chairs

4 $

Desks

1 $

Filing cabinets

1 $

Lighting

8 $

Storage cabinet

1 $

$
$
150.00 $
25.00 $
120.00 $
50.00

330.00

200.00
330.00
150.00
200.00
120.00

Computing & Telecommunications
Desktop computer
Monitor & speakers
Printer
Other accessories

$ 1,350.00
$ 700.00
$ 150.00
$ 150.00

Office Supplies
Paper and Pads

$

150.00

Pens, correctors, markers

$

80.00

Binders

$

50.00

Labels

$

19.50

Stapler, Puncher

$

41.00

Scissors

Value of supplies available at:
September 30th
$ 300.00
October 301st
November 30th
December 31st

$
8.00
$ 3,698.50
$ 480.81
$ 4,179.31

Subtotal
HST
Total

NOTE: The products will be delivered at no extra charge at Manulife Center, 55 Bloor St., Toronto ON on September 15th, 2015 between
9am and 12pm.

Store 1518
Yonge St, north of Bloor
1-877-360-8500
September 11, 2015
10:16:05

paid with cheque #4

INSTAPRINT
Bill To:

DIYAppsStore Ltd

Invoice #
Invoice Date

2015/227
September 14, 2015

Quantity
1,000
2
100

Description

Amount

Cards with QR code
Glossy posters for front windows with QR code
Glossy brochures with QR code
Payment at ordering (cash on September 14th)

$600
$100
$300
-$100

Balance Due

$900

Payment conditions: 10% in cash when ordering, the rest at time of delivery

Please make cheque payable to:

InstaPrint
98 Main St.
Port Perry, ON
M7Z 1W9

Paid September 25
Cheque # 5

Delivery: the materials will be ready to pickup on September 21st, 2015.
Cost
HST
Total

$
$
$

885
115
1,000

Cards and Brochures available by September 30th:
Cards: an amount equal to the last 3 digits of your student number
Brochures: 75 (seventy five)

BelTel your communication partner
Account Summary for DIYAppsStore Ltd.
September 30th 2015
Account # 3144950/1
Previous amount due - New Account
Payment Received - Thank you

$0.00
0.00

Current charges - per details below
Total Amount Due

$340.00
$340.00

pre-authorized payment October 4, 2015
1% per month, plus a $50 collection fee, will be charged if insufficient funds at payment date

Current Charges - Detail
Equipment - cell phone -

$

282.50

Monthly Basic Service Charges for September :
Extra fees for 416-869-5555
Business Voicemessaging & Call Display package
System access fee
911 access

$

19.99

$7.00
$7.50
$1.22
$15.72

Long Distance Charges for September

$21.79

( details not included in project documents)
Total Charges - Amount due
HST included in the bill
HST phone
HST services

$39.12
$32.50
$6.62

$340.00

Disbursement Journal
Month
DIYAppsStore
Date

September 2015
Details of Services

September 10 Rent (cheque 1)
Security Deposit Rent (cheque 2)
Insurance (cheque 3)
Web site development (paid to Briana)
September 11 Staples (cheque 4)
September 11 10 GO tickets Port Perry - Union Station
September 14 Instaprint - deposit
September 21 Instaprint-cards & brochures (cheque 5)
September 21 Payments of all lunches at Manulife Center
September 22 Lawer's fees (cheque 6)
September 28 GO monthly pass for February
September 30 Payment to apps developers
September 30 Payment of all lunches al Manulife Center
----------------------------------------------Total Disbursements Month paid with cheque cash disbursements

Amount

$
$
$
$
$
$
$
$
$
$
$
$
$

565.00
1,000.00
590.00
1,800.00
4,179.31
97.00
100.00
900.00
150.00
1,500.00
330.00
3,000.00
120.00
----------$ 14,331.31
$ 8,734.31
$ 5,597.00

HST paid

65.00

480.81
11.50
103.50

----------660.81

VISA

Statement of Account

2 Bay St.
Toronto ON M1A 2G2
Merchant Account
PP 664/001

Transaction Date
1
2
3
4
5

September 14
September 16
September 16
September 19
September 30

11 September 30
12 September 30
Total
VISA Fee

September

Statement Date
September 30, 2015
DIYAppsStore
79 Main St.
Port Perry ON

Transaction code

4 Digits

Amount

41566/001 - 1
41566/001 - 2
41566/001 - 3
41566/001 - 4
41566/001 - 5

9968
7235
8297
7570
6215

2,500.00
50.00
50.00
50.00
4,700.00

41566/001 - 59
41566/001 - 60

7124
9037

50.00
2,500.00

Total
Merchant Fee
Net to be deposited

Total
3%

$

11,880.00
(356.40)
11,523.60

Sales Journal
Date
DIYAppsStore Ltd.
Project

Pet grooming #1
Church #8
Weding #5
Model #3
Church #5
Piannist #2
Acct Services #2
Dentist #4
Pharmacy #1
Reunion party #1
Dentist #5
Municipality #1

Week of September 1 to 7th, 2015
Details of Client/Services

Amount

Pet Smart Ltd / order special app
Update of events / monthly subscr.
Benny Lin / delivered special app
John Lindo / order special app
Update of events / monthly subscr.
Update of concert / monthly subscr.
LA Acct. / new monthly subsc
LA Acct. / new monthly subsc
LA Acct. / new monthly subsc
Lucy Brome / delivered special app
LA Acct. / new monthly subsc
Port Hope / delivered special app

2,500
50
50
50
2,300
50
4,700

Total for the week

9,700 00

Sales Summary
Week
Sep 1 to 7th, 2015
Account 1801-001-15334
Account Name: DIYAppsStore
Particulars

September 3
September 4

$
50 00
$ 2,300 00

Metro Bank
Current Account Deposit
Account 1801-001-15334
Date
Sep 1 to 7th, 2015
Account Name: DIYAppsStore

x 5 x 10 x 20 x 50 x 100
Coin

Total CDN Cash

2,350

00

Total CDN Cheques
Total Credit Card
Subtotal

2,350 00

Foreign Cash
Foreign Cheques
Bank Use Only

Total
Deposited By

Briana Hope

Total

$ 2,350 00

2,350 00

DIYAppsStore
List of Developers

Developer Card (card front)

Developer Card (card back)

Contact and Financial Management

date

Name

Ace Stone
Jacky Nguyen
Martin Monrow
Penny Right
Alain Stittle
Elaine Wood
Qiong Ho

Phone #

Skills:

Address

email

iOS

Contacted re apps developed
Date

phone/email

Android
Comments

Animation
Graphic art
Video editing
Sound editing
Musinc sequencer

Account Balance:
Date

App

Hypermedia editing
Hours

Payment

Evaluation

Web development
Game development

Professionalism:
Project management
Reliability
Specifications
Documentation
Timeliness
Good humor

Briana's Comments initials Project:

Client/Project Card (card back)

Name

Phone #

Skill required for App

Address

email

iOS

Client / Project Card (card front)

Contact and Financial Management

date

Contacted

Android phone/email Date

Comments

Animation
Graphic art
Video editing
Sound editing
Musinc sequencer

Account Balance:
Date

Request

Hypermedia editing
Hours

App

Payment Account
Received Balance

Comments

Web development
Game development
Easiness of Client/project
Complex project
Frequent changes
Narrow scope
Fast response
Clear guidelines
Trouble shooting

Briana's initials Comments

Similar Documents

Premium Essay

Projects

...Project Estimating Technique Paper By: Efrain Gonzalez Jr. CPMGT/303 October 6, 2014 Chanda Sanders This paper describes each of the project estimating techniques by explaining when each technique would be used, and how each technique is used. The information being explained provides sources of information that is needed to figure out the most appropriate technique for a project. When justifying an estimate there are certain tools you could use that will help one justify an estimate correctly, and the information being provide explains what tools will be used to justify estimates. Project estimating techniques and tools are important aspects needed to achieve the goal and objective of a project. An analogous estimation is a very common estimation technique used to estimate activities within a project through previous experiences with different projects and extrapolates onto the current project at hand. This technique is mainly used for projects that have the same type of work, and the same resources being used between projects. Parametric model estimation is another precise, easy, accurate technique that is used to estimate time, and resources needed within a project to perform activities. The use of this technique is created upon historical experiences, and lessons learned on different projects. The three point estimation techniques is used to clarify and understand levels of uncertainty within an estimation through the use of three sets of assumption that are all......

Words: 793 - Pages: 4

Premium Essay

Projects

...THE CONTRIBUTION OF PROJECT MANAGEMENT TO THE DEVELOPMENT OF GHANA INTRODUCTION Project management as a management discipline underpins much economic activity. In industries as diverse as pharmaceuticals, software and aerospace, projects drive business. And in the public sector, it is effective project management that translates politicians' promises of new roads, schools and hospitals into gleaming new constructions that improve everyday life. The development of Ghana Successive Ghanaian governments pursued various models of economic development throughout the 1960s, 70s and 80s. In the immediate post independent era of the early 1960s, Ghana’s economic development objectives were geared towards the ‘Big Push’ primary economic policies. These revolved around: a major investment effort; an industrialization drive; increased import substitution; processing of commodities and minerals previously exported in their raw form; and direct state participation in leading areas of the economy. The 1970s ushered in a policy of increased ‘Ghanaianisation’ or indigenisation with specified industrial activities reserved for state participation, Ghana-foreign ownership, and exclusive Ghana ownership, among others. The early 1980s saw the liberalization of the Ghanaian economy and the encouragement of foreign investments. All these approaches, however, fell far short of expectations and the failures were exacerbated by adverse terms of trade, falling commodity prices, and crippling debt......

Words: 1230 - Pages: 5

Premium Essay

Project

...State University of New York Empire State College, MBA Program Course 651644: Tools and Processes in Project Management Summer 2013 term Instructor: Dr. Adams Assignment #1: X-philes Data Management Corporation: RFP Matters By Jose M Collazo What is the basis for the problem? There are two primary problems with how X-philes Data Management Corporation handled the request for proposal. The first one was the lack of communication by the managers who selected the same vendor for two different projects. This problem led to the creation of the second problem which is proper resource allocation. When dealing with multiple projects with the same vendor, the company runs the risk of creating multiple interdependencies. Any resource allocation decisions made in one project by the vendor are likely to have ramifications in the other projects. According to Pinto, Some of the better known problems include inefficient use of resources, resource bottlenecks, ripple effects, and the heightened pressure on personnel to multitask (Pinto 2013). The personnel issue in particular, was a main cause of schedule slippage as employees quit at the contractor and they were unable to maintain sufficient staffing levels to keep the projects on track. While bottleneck’s restricts a vendor's ability to make money, they realize that the best way to maximize income is to fully exploit the bottleneck resource (Chakravorty & Atwater§, 2006)...

Words: 1044 - Pages: 5

Premium Essay

Project

...with any project team is a lack of good communication.This type issue could arrise where team members are scareterd all over the world without face to face communication.The communication through the internet, skype or some of the other communication technologies that are now available are sometimes not reliable and could cause miscommunication. what about one of the team members performing one of the tasks without informing the other team members about it. Overdetermining - project managers sometimes overstates their capabilities of comleting a project on time. That is when a project will take say two months to accomplish they use presure or lack of experience or presure to perform even the other factors that ignores reality for something that is not imporsimble to accomples in the time given. When everyone is not available at the same time to work as a team on the project this could cause a delay to finish and deliver the project on time. The trade offs that is to make a clear policy of communication from the begining of the project that nobody goes off course and that everyone have to work as a team and must be on the sameline with everyone on the team. The project head must make him or herself available at all time to make sure that all the policys are met by everyone in the group. Handster inc. 1. Which projects would you recommend Handstar pursue based on the NPV approach? The spreadsheet bellow summarizes the NPV calculations for the six projects......

Words: 518 - Pages: 3

Premium Essay

Project

...PROJECT MANAGEMENT COURSE ASSESSMENT 1 The final date for submission of this assessment without penalty is 24th March 2014 Assessment will be accepted for marking 14 days prior to the due date Late Penalty System Please refer to the Student/Programme Handbook This module is being delivered through the Manchester Blackboard virtual learning environment. All assessments must be submitted through Blackboard at: http://online.manchester.ac.uk/ If you have any technical difficulties using blackboard, please visit our support pages at: http://www.studentnet.manchester.ac.uk/blackboard Submitting your Assignment 1. Assignments should be typed, 10 or 11 point font size (Times Roman or similar if possible) double spaced with a 4 cm margin on the right side of the page with the page size specified as UK A4. All pages must be numbered. 2. Assignments should be submitted in either Microsoft Office and/or PDF format (.doc, .docx, .pdf etc.). File names should be kept simple and only contain alphanumeric characters (a-z0-9), spaces and underscores (e.g. Valid_filename_1.doc). Files with other characters such as apostrophes, brackets or commas may not be accessible by markers. 3. Assignments may be uploaded only once; substitutions are not permitted and students should therefore ensure that the version uploaded is their final submission. 4. Please ensure you include your student number and the assignment reference (PM/Student Number/Jan14/1) in all submitted assignments and that......

Words: 740 - Pages: 3

Premium Essay

Project

...decision to earn a project management certification is a big one, so make sure you choose one that best fits your current expertise and your future career plans. You can apply for any certification that matches your qualifications, and no certification serves as a prerequisite for another. * Certified Associate in Project Management (CAPM)® * Project Management Professional (PMP)® * Program Management Professional (PgMP)® * PMI Agile Certified Practitioner (PMI-ACP)SM * PMI Risk Management Professional (PMI-RMP)® * PMI Scheduling Professional (PMI-SP)® Already have a PMI certificate PMI Educational Foundation Mission and Vision Join PMI Educational Foundation in Building Better Futures through project Management. PMI Educational Foundation (PMIEF), the philanthropic arm of PMI, announces the Building Better Futures capital campaign to expand its mission to champion project management knowledge and skill for educational and social good globally. Donations to the campaign support sustainable programs that further the very project management principles and practices that project management practitioners, employers and suppliers believe in by developing: * A Better Prepared Project Management Workforce for the Future * A Better Prepared Society for Future Success   * A Better Prepared Response in Future Times of Need Donations to the Building Better Futures campaign demonstrate a clear commitment to bringing the benefits of project......

Words: 554 - Pages: 3

Premium Essay

Project

...Strategy & Project Management: Project orientated organisations Finnland 2005 Prof. (FH) Peter J. Mirski Prof.(FH) Mag. Peter J. Mirski Tel.: +43-512-2070-3510 E-Mail: peter.mirski@mci.edu http://www.mci.edu Current Position MCI, University of Applied Sciences: Director of studies „Management & IT“, Head of IT-Services Academical Profile Research projectmangement, knowledgemanagement strategic information management, e-learning Education process, project, information management Publications and articles in journals Practice Profile Management, R&D Project Management, CEO, CIO Consulting & Training Agenda 10:00 – 14:00 Brief project management overview Project orientated organisations Project scorecard Discussion Literature De Marco T., „The Deadline“, Dorset House Publishing Co ,1997 Goldratt E., “The Critical Chain“, North River Press, 1997 Heerkins G., „project management“, briefcase books 2002 PMBOK Guide, „A Guide to the Project Management Body of Knowledge“, PM Institute, 2000 Links •www.p-m-a.at (pm baseline english, german) •www.pmi.com (pm information) project management overview Importance of Project Management • Projects represent change and allow organizations to effectively introduce new products, new processes, new programs • Project management offers a means for dealing with dramatically reduced product cycle times • Projects are becoming globalised, making them more difficult to manage without a formal methodology –...

Words: 1737 - Pages: 7

Premium Essay

Project

...Project Plan Outline 1.0 Goals and Objectives This section presents a general description of the project along with any general or technical constraints and/or considerations. Please include the sub-sections below. 1. Project name 2. Business goals and project goals 3. Scope 4. Time and budget constraints 5. General and technical requirements 6. Training and documentation 7. Installation 2.0 Project Estimates This section presents a set of estimates for the completion of the project, including people, hardware and software. Please include the following sub-sections. 1. People costs a. Historical or researched data used for estimates (Requires annotation listing where you got this information) b. Salary requirements 2. Equipment costs (Requires costs for all hardware and software used. It is assumed that all hardware and software will be new). a. Hardware b. Software 3. Estimation techniques and results a. Process-based (use the format shown in section 1.2.1 of the lecture) b. Second method c. Triangulation results 3.0 Project Schedule This section presents an overview of project tasks and the output of a project scheduling tool. The following sub-sections should be included: 3.1 Project task list The tasks that have been selected for the project are presented in this section. 3.2 Task network Project tasks and their dependencies are noted in this diagrammatic form. 3.3 Timeline chart A project timeline chart (Gantt chart) is......

Words: 508 - Pages: 3

Premium Essay

Project

...WIRELESS LOCAL AREA NETWORK IMPLEMENTATION SECURITY AND SUPPORT SUBPROJECT Stephen F. Delahunty Project Management in the Technological Environment Scope Definition Plan Wireless Local Area Network Installation Project This document serves to provide a scope definition for the Security and Support subproject of the corporate wireless local area network installation project initiative. It is a functional document to be used by the project team and stakeholders as a central point of reference for this subproject. Security and Support Scope Definition Subproject Justification The business need for this subproject is the constraint to ensure compliance with corporate and industry security standards in order to protect the firm’s information systems and data. If security issues are not addressed there is a potential for a loss of data or access to corporate systems from unauthorized outside parties. Without proper security procedures the firm could increase vulnerability in terms of information technology and proprietary data. Any network-related project such as this wireless network installation must adhere to current corporate security policy and this subproject meets that goal. An additional requirement of this subproject is to facilitate a smooth transition to a pilot program and full implementation. The subproject team will also serve as security subject matter experts for other subproject teams in this overall initiative. ...

Words: 674 - Pages: 3

Premium Essay

Projects

...Projects Without Borders Elizabeth Harrin (October 5, 2006) Managing international projects requires much more than calculating that when it’s 9 a.m. in Paris, Texas, it’s 4 p.m. in Paris, France. Crosscultural teams and customers won’t necessarily work the same way as you. Here are some strategies for discovering the differences and dealing with them. As the world gets smaller, projects seem to expand to fill the available space, and now many of us are tackling the challenge of managing cross-cultural project teams and cross-cultural project customers. When your project team spans different countries, getting everyone together for a conference call is a new kind of administrative nightmare. But it’s not just the practicalities of working out time zone disparities and correcting the occasional bit of awkward grammar that make crossborder projects so challenging. National culture plays a big part in how we act and work. Get a group of people together from around the world and they can’t even agree on what noise a rooster makes, so how are they going to come to a conclusion on how to communicate project progress to the stakeholders? Or, to put it another way, the people you are working with won’t necessarily work in the same way as you, and the people you are working for won’t necessarily want the same things. One financial project manager I know was sent to Spain for a year to set up a new process improvement initiative in one of his company’s call centers. The Madridbased......

Words: 1095 - Pages: 5

Premium Essay

Projects

...Job Title | Project Administrator | TASK Grade | 8 | Division: | Information Technology | Written by: | Rajen Soobramoney | Department/ Section: | IT Portfolio Management: Project Management | Date Written: | 22 June 2011 | Location: | Constantia Kloof | | JOB PURPOSE: | To undertake all project related administrative duties pertaining to IT projects | | Minimum | Ideal | Qualification | * IT or Administration related qualification degree or diploma * Project Management foundation qualification | * Project Management foundation qualification based on PMBOK methodology | Experience | * 2 – 3 years project administration experience preferably on multiple concurrent projects * Advanced MS Word, Excel, Project experience * Intermediate MS PowerPoint and Outlook experience | * | Recognition of Prior Learning | * | Job Specific Requirements | * May be required to work overtime | Person Specific Requirements | * This position may be performed by a person with limited disability | Agreed by: | Name | Signature | Date | Incumbent | | | | 1st Level | | | | 2nd Level | | | | * ORGANOGRAM | * IT Portfolio Manager 2nd Level Report Project Manager 1st Level Report Project Administrator THIS POSITION KEY PERFORMANCE AREAS | WEIGHTING | MEASURABLE OBJECTIVES | TRACKING METHODS | 1. Perform administrative activities for IT projects |......

Words: 614 - Pages: 3

Premium Essay

Project

...resource project. Then, analyze these roles to typical human resource functions. Projects come in many different sizes depending on the requirements of the particulars needed to complete a project. There are small projects that require very little organization. Within a small project there may be a primary sponsor, project manager and a project team. Then there are larger projects, there is more involvement. There is more position involved, like project managers, facilitators to help assist the projects. There are more people involved, stakeholders and your customers. It is important that they understand what is accepted of them and what role they are expected to fill. The Project Manager plays and very important role in the beginning of the project. The project manager is the only one that has authority to manage a project. Which includes leading the plan and the development of all project deliverables? They also are responsible for managing the budget and scheduling all project management procedures. There is also the Project team, “they are full-time and part-time resources assigned to work on the deliverables of the project” (Kloppenborg, Nkomo, Fottler & Mcaffe, 2012 p. 15). This includes the analysts, designers, programmers, etc. organization is utilizing matrix management. The stakeholders are the just as important as the project manger. “The stakeholders play a positive role in the project outcome; they are direct beneficiaries of a project or......

Words: 1063 - Pages: 5

Premium Essay

Project

...Assume you are the project manager for a new business venture. This venture will require financing, but once completed, will generate revenue and, eventually, a profit over cost. For CP-1, you are to write a Project Proposal with enough detail to convince investors to finance your idea. This Project Proposal will require detailed cost and revenue estimates and a credible schedule to win investor support. Select a venture of personal interest. Read the Proposal Requirements below to help you select a suitable idea. For example, select a venture where you can identify realistic cost and scheduling concerns. Opening a small retail storefront or a franchise is one example. Do NOT propose building a house, because investors typically already have financing before beginning such a project. When selecting your project, keep in mind the goal of CP-1 is to apply the techniques introduced during the course. Focus on detailed cost estimating, scheduling, and project justification. Estimating includes specific assumptions made during the estimating process, as well as quantities, unit prices, hourly rates for tasks, and accumulated totals. Justification will include an NPV analysis of costs vs. projected detailed revenue streams over a five year period with cash inflows and outflows over the project life. Start-up and other costs, and revenue streams, should be derived from detailed project cost estimates and sales forecasts. When you establish your financial data you must be reasonable....

Words: 628 - Pages: 3

Premium Essay

It Project

...CIT 2200 IT Project 1-14-2014 Project Communications Project Communications Time in time we often heard if the communication had better, the project would have run better .How often we undermine this important key factor of the project? Many times some project managers are not always to the task to communicate what is the most important to the team .Just as important to successfully complete a project, communication is a also an essential and critical .Communication not only keeps everyone up-to-date on the project progress ,but providing fast ,convenient ,consistent information about the project to the stakeholders. The success of any projects is based on communication, without a solid way to establish this important part of the project will somewhat halt the project and the pointing fingers will begin .It is the project manager responsibility to insure that everyone on the team has been properly addressed and knows what function each and everyone will play to successfully complete the project. According to Dave Nielsen, ‘’Communications are a critical deliverable of every successful project and a key project management soft-skill. You may not have thought of communications as an actual project deliverable, but it is. It may not be the one your client or customer places the most emphasis on, but that's because......

Words: 512 - Pages: 3

Premium Essay

Project

...Project 592 Project Cost and Schedule Control Course Project Part 2 The Wedding Project Scope Statement Mara Kiasekoka D40194702 marakiasekoka@gmail.com Professor Janet Durgin September 27, 2014 Executive Summary Dream Space has been in wedding and events planning industry for more than 15 years, performing services and providing products to reputable companies and diverse people worldwide. The company is pleased to perform the project of the wedding ceremony of Walter José and Maria Diego that will be realized in January 12, 2015. The company has the necessary resources, qualified personal and systems and processes to perform the service required. The project is estimate in $80. 000, for 300 people within a period of 6 months. Project Scope Statement Project Name | The Wedding of Maria Diego and Walter José | Project Number | 1 | Project Manager | Mara Kiasekoka | Prioritization | 1 | Owner(s) | Dream Space | Statement of Work—Project Description andProject Product | The purpose of the project is to plan and implement a successful wedding reception and ceremony for approximately 300 people on January 12, 2015 within 6 months under a budget of $80.000, 00. This project will create a product which is the wedding ceremony. To work on the project we will analyze the wedding criteria and the budget available; research the actions that have to be taken and the funds that are available at; make some calls and start to......

Words: 1497 - Pages: 6