Questions 177-180 refer to the following minutes.
BIG BOY BOOK CLUB
BOARD OF DIRECTORS MINUTES
Present:
Mr. Black, President; Ms. Wright, Accountant
Mr. Jones, Vice President; Mr. Harris, Membership secretary
Absent:
Mrs. Chloe, the Operations Manager, due to a family emergency
Items covered:
1. The minutes of the February 20th were read and accepted.
2. New cubicles need to be purchased for our main office space. The older ones: are beginning to fall apart, and Mr. Black suggested that higher-quality cubicles be purchased this time to ensure they last longer.
3. Mr. Harris has unveiled his plans to boost book club membership. He and Ms. Wright will consult to produce an estimate of how much this will boost revenue.
4. New bookkeeping methods are to be introduced in June, Ms. Wright gave a brief summary of how the changes will affect day-to-day operations.
5. New logos are needed for the company to refresh the brand image. Mrs. Chloe will be asked to investigate costs involved in this.
6. Next year’s budget:
(a) Printing errors have been reduced during this business year compared to previous years, which has helped reduce costs in that area. Some money can be diverted to other areas in the next budget.
(b) There have been some difficulties in collections this year due to the general state of the economy. This affects the company’s ability to project how much liquid capital will be available.
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