CFO Stuff

[Wright, Erik]

Not sure if you guys received this email blast from the FIELD crew but attached is a checklist of what needs to happen in terms of closeout for this week.

 

For your situational awareness, the credit card gets cut off today at 5. 

 

Nick, we will have to de-link the credit card from the shopify site no later than Thursday.  Incumbent upon us with that is, if we decide we want to continue stARTworks, who/how we will pay for the website going forward.

 

Also, someone please send me what we owe to Laura for Faisal’s custom work once he submits his order.  That should be the last of the checks that we need to cut other than Christine’s and Michelle’s that I’m dropping off in the next 10 minutes.

[Lieber, Blair]

Faisal put in the order - the payment to Laura ends up being $149.50 (65% of $230).

_____________________________

Blair Lieber

Harvard | Business | School

MBA Candidate, Class of 2014

bli...@mba2014.hbs.edu

(914) 525-2704

<F3 Inventory Return and Closeout Checklist 5-13.docx>

[Lieber, Blair]

I revised the presentation to include Faisal's most recent purchase. I also tweaked the slide i put together to reflect the new revenue / transaction data, but also changed the heading from "Arms length sales" to "Sales to non-Team members" to make it 150% clear what we are referencing and ensure there is no confusion. Could at least one other person make sure that my math is right and that everything makes sense?

Attached is both the powerpoint and the excel back-up.

[Shah, Radhika]

Thanks for this. The number of transactions looks right to me.

 

On revenue, I had a small difference of $15, I thought your first custom painting from Julie was $135 not $150?

 

My suggestions are

1.       Change the title from Actual to Total so that there is no confusion as to what it meals

2.       Wasn’t sure where the custom projection of 60 was coming from? From the sheet since we have 6 custom paintings then annualizing it would be 6*12 = 72 (unless you have purposely chosen a more conservative estimate). I understood that the original projection was 3*12 =36.

3.       At the end where the questions slide comes up, I think Nick should pull up the website and leave it on in the background whilst we take questions.

Rest looks great, are you ok to upload?

 

Thanks,

Radhika

[Shah, Radhika]

Last comment, the COGS for Iain’s was $150 because that is how much we promised we would pay an artist for any custom work sold during the event. The rest of the spreadsheet is in line with Nick and mine (attached for reference).

[Lieber, Blair]

Good catch on the revenue (and thank you for actually checking). 

1. Made Change. 

2. We had 5 because we had only received 5 custom orders as of friday (one came in over the weekend), but yes, if anything we are more conservative. 

3. Ok. 

Yes, I will upload.

Thanks.

On May 13, 2013, at 4:24 PM, "Shah, Radhika" <rs...@mba2014.hbs.edu> wrote:

Thanks for this. The number of transactions looks right to me.

 

On revenue, I had a small difference of $15, I thought your first custom painting from Julie was $135 not $150?

 

My suggestions are

1.       Change the title from Actual to Total so that there is no confusion as to what it meals

2.       Wasn’t sure where the custom projection of 60 was coming from? From the sheet since we have 6 custom paintings then annualizing it would be 6*12 = 72 (unless you have purposely chosen a more conservative estimate). I understood that the original projection was 3*12 =36.

3.       At the end where the questions slide comes up, I think Nick should pull up the website and leave it on in the background whilst we take questions.

Rest looks great, are you ok to upload?

 

Thanks,

Radhika

From: brin...@googlegroups.com [mailto:brined03@googlegroups.com] On Behalf Of Lieber, Blair

Sent: Monday, May 13, 2013 4:10 PM
To: Wright, Erik
Cc: brin...@googlegroups.com
Subject: Re: CFO Stuff

[Shah, Radhika]

Erik, here is an updated spreadsheet. Laura should receive $149.5 for custom Faisal’s painting. Thanks