Blujay Aviation Episodes

MGMT 210 Financial Accounting BluJay Aviation, Episode 6

Scene Gift shop at the airport with lots of T-shirts. Introduction It is now three years since the start of the business. The company has been profitable and successful. Wren is now working full-time for BluJay Aviation and is taking a salary. Brad is still at the FBO and flying for BluJay. They are now discussing a new opportunity for growth. Wren: The airport manager has been talking to me about taking over the operating of this gift shop since I’m no longer working as her assistant. Brad: What does she want us to do? Wren: Take over the lease from the previous company. Brad: There sure is a lot of stuff in this store, but I’m not sure we want to get into the retail business. I know nothing about buying and selling inventory. Wren: The manager did say she would work with us on the lease arrangements. Brad: What comes with the deal? Wren: We would get everything in the store, mainly the fixtures, supplies, and inventory. We wouldn’t have to pay the previous company anything for the inventory because it is on credit and hasn’t been paid. We would have to pay the creditors. Brad: You know, I think it’s time that we called in some help. Let’s see if we can find some business consultants who can sort this out. Since I’m working two places and you are handling most of the work for BluJay, an outside look at our situation would be good. Wren: Not a bad idea. I have the most recent financial statements from the gift shop so I can provide them to the consultants. Brad: Maybe we can also use them to look at some of our other operating activities and make a few suggestions there.

BluJay Aviation, Episode 6

MGMT 210 Financial Accounting BluJay Aviation, Episode 7

Scene Wren and Brad discuss their cash position and customer collections at Eagle One’s FBO office. Brad: I just don’t understand why we’re always short of cash even though we generate a profit. I would really like the new business consultant group to...