ACC 201 Final Project Part II Bank Memo

Southern New Hampshire University
Professor George Angus

To: The Bank Loan Manager
From: The CFO/Managing Director of Peyton Approved
Date: April 3, 2016
Subject: Peyton Approved Business Expansion Loan Request

Peyton Approved is a business that manufactures and distributes organic all-natural and hypo-allergenic baked treats for dogs. The company named after our dog (Peyton), was an idea that started at home after realizing the severity of his allergies from the products bought at the store; and what could be done to make all natural products that would not cause any more harm. What started as a home-based idea soon turned into a business after realizing that “Peyton” was not the …show more content…

This practice ensures that not too many employees are exposed to the cash, and any potential discrepancies will be immediately recognized.

Results of Operations and Strengths and Weaknesses of the Company
Peyton Approved will perform analyses of its operations result, with this analysis we will get verifiable data about variances that may occur monthly. We will be able to get an overall plan on how and where additional funding can be required, and how we can lower our operational costs. This analysis will give us and idea of the income and expenses for the foreseen future, and will allow and give the company more time to react to problems arising from incorrect data or opportunities that may present itself. These results will tell us whether or not the company will survive, how financially stable it will be, and how to continuously bring in revenues. Based on the financial statements as a company we are headed in the right direction, but as a small new business our wages expenses will need to be monitored carefully as it was one of the higher expenses. Ratio analysis is used to perform data analysis on numbers found on financial statements. These help link the income statement, the balance sheet and statement of retained earnings together and offer data that are common between companies (Lan, J., 2016). Our debt-to-ratio for