Lemonade Week 2 Data

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Category: Business and Industry

Date Submitted: 05/09/2013 05:20 PM

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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 2 pitchers for $6.5, 1 mixing spoons for $2.5, 350 drinking cups for $10.5, 35 tubs of lemonade mix for $17.5, 1 bags of ice for $1.75. Today sales = $33 (55 @ 0.6) out of 112 in 4.75 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 $73 and the store balance was $38.75

Day 2 - Weather was cloudy

Starting Inventory: cash = $73, pitchers = 2 worth $6.5, mixing spoons = 1 worth $2.5, drinking cups = 285 worth $8.55, tubs of lemonade mix = 25 worth $12.5. Purchases charged today are 2 bags of ice for $3.5. Today sales = $31.8 (53 @ 0.6) out of 98 in 4.75 hours. Inventory used 69 drinking cups value at $2.07, 11 tubs of lemonade mix value at $5.5, 2 bags of ice value at $3.5. Ending cash was $104.8 and the store balance was $42.25

Day 3 - Weather was cloudy

Starting Inventory: cash = $104.8, pitchers = 2 worth $6.5, mixing spoons = 1 worth $2.5, drinking cups = 216 worth $6.48, tubs of lemonade mix = 14 worth $7. Purchases charged today are 2 bags of ice for $3.5. Today sales = $35.7 (51 @ 0.7) out of 130 in 4.75 hours. Inventory used 66 drinking cups value at $1.98, 11 tubs of lemonade mix value at $5.5, 2 bags of ice value at $3.5. Ending cash was $140.5 and the store balance was $45.75

Day 4 - Weather was cloudy

Paid store charge account balance of $45.75. Starting Inventory: cash = $94.75, pitchers = 2 worth $6.5, mixing spoons = 1 worth $2.5, drinking cups = 150 worth $4.5, tubs of lemonade mix = 3 worth $1.5. Purchases charged today are 1 mixing spoons for $2.5, 50 drinking cups for $1.5, 45 tubs of lemonade mix for $22.5, 2 bags of ice for $3.5. Today sales = $35.2 (44 @ 0.8) out of 118 in 5 hours. Inventory used 60 drinking cups value at $1.8, 10 tubs...