Carpino Company Statement Of Cash Flows

Carpino guild Statement of Cash Flows Financial Accounting January 31, 2007 memorandum TO SHAREHOLDERS TO: Carpino play along Shareholders FROM: Dan Carpino, CEO DATE:01/31/2007 report: Annual Report ____________________________________________________________ __________________ Dear Shareholders, The conception of this memorandum is to intimate some of our key 2007 business slaying metrics and primarily asses our runner division of trading operations. It pleases me to report these elements of your caller-out’s activities for the year ended January 31, 2007. Despite generating healthy revenues, our scratch field of operation year of operations ended with a net loss. Although our actual year’s forbid palliate cash hang renders us ineffectual 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 contrive a special payme nt of .10 per dowry in understanding for your support. As president and CEO, it honors me to share our boilersuit achievements and at the homogeneous 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 harvest be that exceeded our projections. We are currently working on some(prenominal) initiatives that we believe allow for significantly reduce our costs copulation to our sales. Despite negative net income which reflected a negati! ve free cash flow, our company was able to generate $420,000 with investing activities from supporters such as you. This allowed us to make needful purchases of essential equipment and fixtures that will be used to create a production line that will allow us the necessitate production faculty to support our anticipated increased sales. corporate Actions We have success aboundingy completed the initial set-up of...If you want to have got a full essay, order it on our website: BestEssayCheap.com

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