DD on PLBY Hey Guys, so this is my second DD on a company so please be nice, let me know what you think. I recently came across this company due to NFTs which was very surprising because I had no idea Playboy was even a public company. It looks like they recently went public through a SPAC merger with Mountain Crest Acquisition Corp. I had no idea what the company was about except for what most people know it as, a nude magazine company, so I thought.. oh NFTs + hot girls of course that will sell, since we all know sex sells, look at onlyfans. And BTW the CEO did confirm they are doing NFTs for sure and is in the midst of working on this business opportunity. After doing some more DD into the company I found out that it was a sound company and its looking to make a big come back. That is why I want to do a breakdown of the company and its potential. I think they deserve some attention. Note: I do have shares in the company, and I plan on holding long term. Marketing/Branding So let's start with Playboy as a brand.
An active Church Finance Committee and a structured performance management process, is a great way to ensure accountability for budget oversight and spending. 5. Communication Communicating about finances can be intimidating, particularly for small churches. Members ask a lot of questions and sometimes force answers about spending. Commit to financial transparency and solicit feedback from church members on cost-saving ideas, strategies for raising funds, and make them aware of financial challenges. As difficult as it is to present the cold hard facts, a church community loves to rally around a cause to help resolve problems. For example, if an unexpected major facility repair has occurred, let members know about the unexpected cost and offer an opportunity for them to get involved and help financially. Create a consistent communication process, share budget information, and provide avenues to answer any financial questions that members may have. Remember that you can never communicate too much.
It's important that you mine the right financial data in order to understand the financial health of your church. While most businesses can get by with two reports, there are four essential church financial reports that every church should use. 1. Balance Sheet (Statement Of Financial Position) The Balance Sheet, known as the Statement Of Financial Position for churches, illustrates an accounting equation. This report shows a snapshot of your church's financial health. It can also show you the current balance of each of your funds if you have been doing true fund accounting. The accounting equation is: Assets = Liability + Equity An easier way to illustrate this is by saying the things you own, minus what you owe, equal your overall worth. When viewing this report, it will quickly show you if your church owes more than it owns. 2. Income Statement (Statement Of Activities) The Income Statement report (known as the Statement Of Activities for churches) is illustrated with the following equation: Income – Expense = Net Income (Increase in Net Assets) What this means is the money you receive, minus the money you spend, is called your net income ( increase in net assets for a church).
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