Page 6 - Kre8ability Annual Report 2020
P. 6

LIQUID A TION SUMMAR Y


                    CRITERIA             PERFORMANCE                           DESCRIPTION

             Wages, salaries, and     $               378.00 The minimum wage for non-officers is $.50 per hour
             commission                                       and the salary for officers is $1 per meeting. Wages
                                                              are determined within a span of 17 two-hour
                                                              meetings. Each employee earned a 10% commission
                                                              rate for each copy of Imbentibu they sold.


             Profit after taxes        $             4,220.60 Calculations are based on our income of $6,660 and
                                                              expenses of $2,439.40.

             Return to stockholder    $               386.70 The book value of 11 stocks that were sold.



             Average attendance                         80% Determined by the attendance of 17 total meetings.


             Sales income             $                2,960 296 copies of Imbentibu were sold and priced at $10.



             Product                              Imbentibu Imbentibu is a fun, Guåhan-inspired book that
                                                              contains three comic depictions of CHamoru legends,
                                                              local recipes, and common superstitions.


             Company sales goal       $             4,000.00 Kre8ability's original sales goal was to sell 200 copies
                                                              of Imbentibu priced at $10 and 10 advertisements at
                                                              $200 per ad.



             Percentage of goal                       167.0% Our sales goal consists of two revenues, book sales
             attained                                         and advertisement. Book sales is 44% and 
                                                              advertisement is 56% of total revenues.  The company
                                                              outperformed 167% of sales forecast for the period.





             The finance department of Kre8ability is composed of two members, Olivia Kang and Cameron
             San Agustin. The financial aspect of any business is essential to facilitate its growth and

             continuation. Finance is the backbone of a company since a great deal of things cannot be
             possible without proper funding. Throughout the duration of Kre8ability, finance has maintained
             constant records and management of funds. In addition, we have deposited money, written
             checks, and learned about different financial terms and statements and their purposes. 









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