Semester 2 | dream-ice-cream-dh

Payroll & Taxes

Through the winter time The Dream Ice Cream store has 3 employees working in the store at a time. The store has altogether 6 employees.

Annual Pay: Most of the employees make around $12,000 per year
Monthly is around $1,000
Every Employee has different pay depending on their job.

The employer payroll taxes that have to be paid is $7,687.52.

Discounts:

Leave pay: $7.25

Training pay: $21.75

Discounts: $20.00

Gross pay:

Cashier: $ 478.50

Food Distribution: $ 420.50

Waitress: $ 449.50

Income taxes taken off:

Cashier $103.93

Food Distribution $91.33

Waitress $97.63

NET pay for each employee:

Cashier: $374.57

Food Distribution: $329.17

Waitress: $351.87

Bid Proposal #2

The total price of the overall agreement comes out to be $524.

Expectations from us: The customers can be greatly satisfied with our delicious ice cream available. The staff will work hard to please the customers. The business can try to have customers walk away happy and smiling.

The Dream Ice Cream business expects to be paid before the truck is all set up.

Scope of work:

The Dream Ice Cream business will be setting up a truck at the Bethlehem PA fair this year.
The truck will be set up for a couple hours to sell ice cream.
The truck will be supplied with everything needed.
One customer has came forth to help us out with money which is greatly appreciated.
There will be three employees in the truck to make customers treats!
There will be four types of ice cream choices as well!
The truck will be equip with lots of toppings for the ice cream

Current Liabilities:

The accounts payable, which are bills costs $14,572
The short-term notes (advertisement) cost the business $324
The Dream Ice cream has to pay taxes for employees and that costs $3,844
The accrued payroll is all the employees annual pay added up which is $33,930 a year.
The business rents out the store which is about $9,600 per year
The total current liabilities is $52,670
The total shareholder's equity came to be $148,307

The total liabilities and equity is $210,577

the total assets is $210,577

Balances

Fixed Assets:

Accounts receivable came to be $196,340
the total cost of inventory is $1,043
The price of all the equipment is $2,806. The depreciation of the equipment is $561
The furniture asset is abut $1,187.The depreciation for the furniture is down to $237.
The total current assets of the business is $207,383.
The total net fixed assets came to $3,194
The total current assets cost is $207,383

The Dream Ice Cream hosts birthday parties. The party will last two hours. The business will buy most of the supplies needed. We will have employees at the store helping with the party. Multiple different flavors of ice cream will be available to eat!

The Ice cream store could mix up a blizzard, get a cone, or make the customers a great sundae. The staff at the Dream Ice Cream will be well mannered, polite, and fun. We will hand out the ice cream, and provide some type of entertainment. The business could set up a surprise party, if the customer calls ahead in advance.

The business is to be paid ahead of the party to get some supplies that are included in the cost.

The total price of our agreement comes out to be $176.

Expectations from us- The business will provide great service, The customers will have a great time, The party will be set up before arrival, we don't buy lots of decorations unless customers buys them.