What type of goals does Cory have?

Meet Jamie Diamond of JP Morgan, get a car for Lisa, sell cookies online

Determine the exact amount a dozen cookies cost, run a financial statement or profit/loss statement

Win a baseball championship, climb Mt. Everest

What type of ingredients are used in Mr. Cory's Cookies?

all natural ingredients, no preservatives

regular ingredients, BHT added for freshness

vegan ingredients, natural flavors

Does Lisa consider her time as an expense to the business?

No. She says her labor and time is free -she does not pay herself

Yes. She considers herself an employee.

Yes. She pays herself and Cory weekly.

Should a company consider the time and effort its owners put in as expenses?

Yes. Because someone has to make products - if the owner was unable to do it, employees would need to be paid.

Yes. Because the owners deserve to be paid a lot.

No Because the owners' time is worth nothing.

Mr. Cory's Cookies has "what" that impresses Marcus at the diner during the first financial meeting?

Mr. Cory's Cookies had 4 years of financial profit and loss statements that showed growth year over year.

Cory offered to shake hands with Marcus immediately after he offered a $100,000 deal to Lisa and Cory.

Lisa's ability to pay for ingredients for 2 years' worth of cookies.

8% was the licensing fee that was proposed to Lisa for having another company produce and market Mr. Cory's Cookies. This is not a bad % in the world of licensing. But why was Marcus upset by this number?

He didn't think Lisa understood that she would be giving away her recipe, her branding, her rights, intellectual property for 8% of the sales. Meaning if they did $1 million in business she would only get $80 thousand.

Cory would not be able to understand the math and accounting principles. Lisa does not have the time to teach him. The business would suffer because of this.

He thought that Lisa would not want to take that deal because she would not make money. Mr. Cory's Cookies was already doing just fine.

Even if Mr. Cory's Cookies are sold using a licensing agreement, they still have the right to do what?

Sell cookies direct to consumer (meaning online).

Sell cookies using different packaging than what is used with the licensing agreement

What is the process that Mr. Cory's Cookies will use for its direct to consumer business?

Recipes made at a Co-Packer (business that mass produces cookies) the flash frozen and shipped to the packager (Rostelli). They will be stored there (frozen) until a customer purchases them - then they are shipped to the customer in a custom package.

Lisa and Cory will make all cookies at their commercial kitchen. They hire employees to help with each process, from cracking eggs to packaging. Lisa and Cory will design new packaging, place orders in the bags and ship them from their office space.

Mr. Cory's Cookies will continue to use the licensing agreement working with Marcus to create new packaging that keeps the cookies fresher for more days. Mr. Cory's Cookies will also hire more staff to assist with baking.

What is the reason Marcus introduced Lisa to the group of women business owners?

To help give Lisa a support system.

To see if the women would work for Lisa.

To see if the women would buy Lisa's business.

What was the surprise that Marcus set up for Cory and Lisa?

Meeting Jamie Dimon CEO and Chairman of JP Morgan Chase Bank.

Meeting Richard Roster of Rostelli, President of the packaging company.

A trip to Englewood for a contract agreement update with Clever Cookie.

Why is Lisa so upset that she walked out of the meeting with Clever Cookie?

She waited a whole year, and feels she is back to square one. She is irritated. She can't "do anything" because of the agreement she made with the licensor.

She didn't see that the meeting place was a Steak house. She doesn't care for meat.

Marcus upset her by arguing with the license representative about selling online.

Where did Marcus, Lisa and Cory go to present their Mr. Cory's Cookie concept?

Amazon, so they can sell online cookies.

Target, so they can sell in retail.

eBay, so they can sell online out of their home.

How much did Marcus invest into Mr. Cory's Cookies?

He gave Lisa and Cory $100,000 for 40% ownership of the business.

He gave Lisa and Cory $60,000 for 100% ownership of the business.

He donated $100,000 to Lisa and Cory, they do not owe him anything.

Profit Mr. Cory's Cookies

Mathematics

9th Grade

CCSS covered

Used 81+ times

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are the owners of Mr. Cory's Cookies

Cory and Lisa

Cory and Marcus

Lisa and Marcus

Tags

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

CCSS.RI.11-12.5

CCSS.RI.6.5

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How old was Cory when he and and his Mom decided to sell cookies?

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Lisa and Cory start Mr. Cory's Cookies?

Cory wanted to buy his Mom a car

Lisa needed a job

Cory loves cookies

Tags

CCSS.RI.2.1

CCSS.RI.3.1

CCSS.RL.2.1

CCSS.RL.3.1

CCSS.RL.1.1

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Where is Mr. Cory's Cookies headquartered?

Chicago

New Jersey

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is Mr. Cory's Cookies on The Profit?

The company is unable to rise to the demand of its customers and needs a plan for expanding.

The company is failing and needs a plan to improve and grow.

Lisa and Cory are not sure how to make their recipe so it tastes good and sells well.

Tags

CCSS.RI.8.2

CCSS.RL.9-10.2

CCSS.RI. 9-10.2

CCSS.RL.7.2

CCSS.RL.8.2

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What type of business comes close to matching Mr. Cory's Cookies?

Corporation

Partnership. Lisa is an owner. Cory is an owner

Cooperative

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does Marcus most struggle with during this episode?

Finding the best way for Mr. Cory to sell cookies

Mr. Cory's lack of math skills

Lisa's reluctance to trust Marcus and the process

Tags

CCSS.RL.6.3

CCSS.RL.9-10.3

CCSS.RL.11-12.3

CCSS.RL.7.6

CCSS.RL.8.6

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Profit Mr. Cory's Cookies

Who are the owners of Mr. Cory's Cookies

How old was Cory when he and and his Mom decided to sell cookies?

Why did Lisa and Cory start Mr. Cory's Cookies?

Where is Mr. Cory's Cookies headquartered?

Why is Mr. Cory's Cookies on The Profit?

What type of business comes close to matching Mr. Cory's Cookies?

What does Marcus most struggle with during this episode?

Many small businesses do not have a large office space. Where is the office of Mr. Cory's Cookies located?

What type of goals does Cory have?

What type of ingredients are used in Mr. Cory's Cookies?

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