Bus599 Wk 4

First season

Day 1 - Weather was normal

Partnership formed using $20 cash from each of two partner as initial capital so after forming partnership starting inventory: cash = $40. Purchases charged today are 1 pitchers for $3.25, 1 mixing spoons for $2.5, 100 drinking cups for $3, 15 tubs of lemonade mix for $7.5, 1 bags of ice for $1.75. Today sales = $27 (54 @ 0.5) out of 94 in 4.25 hours. Inventory used 65 drinking cups value at $1.95, 10 tubs of lemonade mix value at $5, 1 bags of ice value at $1.75. Ending cash was $67 and the store balance was $18

Day 2 - Weather was normal

Starting Inventory: cash = $67, pitchers = 1 worth $3.25, mixing spoons = 1 worth $2.5, drinking cups = 35 worth $1.05, tubs of lemonade mix = 5 worth $2.5. Purchases charged today are 50 drinking cups for $1.5, 5 tubs of lemonade mix for $2.5, 1 bags of ice for $1.75. Today sales = $31.2 (52 @ 0.6) out of 100 in 3.75 hours. Inventory used 67 drinking cups value at $2.01, 10 tubs of lemonade mix value at $5, 1 bags of ice value at $1.75. Ending cash was $98.2 and the store balance was $23.75

Day 3 - Weather was normal

Starting Inventory: cash = $98.2, pitchers = 1 worth $3.25, mixing spoons = 1 worth $2.5, drinking cups = 18 worth $0.54. Purchases charged today are 100 drinking cups for $3, 15 tubs of lemonade mix for $7.5, 2 bags of ice for $3.5. Today sales = $37.2 (62 @ 0.6) out of 122 in 5 hours. Inventory used 77 drinking cups value at $2.31, 12 tubs of lemonade mix value at $6, 2 bags of ice value at $3.5. Ending cash was $135.4 and the store balance was $37.75

Day 4 - Weather was normal

Paid store charge account balance of $37.75. Starting Inventory: cash = $97.65, pitchers = 1 worth $3.25, mixing spoons = 1 worth $2.5, drinking cups = 41 worth $1.23, tubs of lemonade mix = 3 worth $1.5. Purchases charged today are 10 tubs of lemonade mix for $5, 2 bags of ice for $3.5. Today sales = $16.5 (33 @ 0.5) out of 75 in 3 hours. Inventory used 41 drinking cups value at...