After leaming the calculations presented, you can now compute the projected costs by month on your business concept. Use the template below and t o the necessary figures based on the scenario, Mang Hilario operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each, Expecting rainy season to come, Mang Hilario purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Hilario can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Hilario purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Good Sold (Monthly) Mang Hilario's Type of Merchandise/Product Projected Volume Average No. Of Items Sold Projected Costs of Purchase (Monthly) Cost per Unit (A) 90 00 (Monthly) (F) = D x 30 Days (J) = AxF Total Table 5

After leaming the calculations presented, you can now compute the projected costs by month on your business concept. Use the template below and t o the necessary figures based on the scenario, Mang Hilario operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each, Expecting rainy season to come, Mang Hilario purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Hilario can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Hilario purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Good Sold (Monthly) Mang Hilario's Type of Merchandise/Product Projected Volume Average No. Of Items Sold Projected Costs of Purchase (Monthly) Cost per Unit (A) 90 00 (Monthly) (F) = D x 30 Days (J) = AxF Total Table 5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He getshis umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, MangEduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen forfreight. Mang Eduard can sell 12 umbrellas every day.Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide.Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6
You are opening a coffee shop. You estimate the weekly costs of $375 for rent, $2100 for employee costs, and $125 for miscellaneous costs. The ingredients and material cost for each cup of coffee is 0.35 (cents) per cup. 1) Create a cost function for the coffee shop. 2) If the investors estimate that they will be able to sell 1100 cups of coffee per week. How much should they charge per cup to make a profit? Justify your answer and/or explain.
Ramon Hernandez saw the following advertisement for a used Volkswagen Bug and decided to work out the numbers to be sure the ad had no errors. Cash price $7,940, Down payment $0, Annual percentage rate 16.03%, Deferred price $11,586.00 or 60 payments at $193.10 per month. What is the amount financed? What is he finance charge? What is the APR? What is the monthly payment by formula? Calculate the monthly payment by table lookup at 16.00%
David Role is a marketing strategist with Google. He budgets 1/8 of his salary for housing. His annual salary is $135,000. How much should he budget for housing monthly? Input only the number with a comma or decimal if needed. 16,875 is not the answer. Every time I try to work this problem that's the answer I come up with but it's wrong. Please help me. This question is from the portion formula chapter in business math with converting percents to decimals, decimals to percents, etc. Please help me.
You are a real estate agent thinking of placing a sign advertising your services at a local bus stop. The sign will cost $4,700 and will be posted for one year. You expect that it will generate additional revenue of $705 a month. What is the paybackperiod?
Pierre Martina is comparing the cost of credit to the cash price of an item. If Pierre makes a $150 down payment and pays $37 a month for 24 months, how much more will that amount be than the cash price of $752? (Input the amount as a positive value.)
Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandise/ Cost per Unit Average No. of Projected Costs of Products Items Sold (Monthly) Purchases (Monthly) (A) F = (D x 30 days) J = (A x F) 90 Total
Mang Eduard operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. TABLE 4: PROJECTED COST OF GOODS SOLD MONTHLY MERCHANDISE/PRODUCTS COST PER UNIT PROJECTED VOLUME AVERAGE NO. OF ITEMS SOLD (MONTHLY) PROJECTED COSTS OF PURCHASES (MONTHLY) (A) F= (D x 30 DAYS) J=( A x F) TOTAL TABLE 5: FREIGHT-IN PAID MERCHANDISE/PRODUCTS NO. OF ITEMS SOLD (DAILY)…
Mang Eduard operates a buy and sell business. He sells umbrellas in hisshop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs90.00 pesos each. Expecting rainy season to come, Mang Eduard purchased 4dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Eduard can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Eduard purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Goods Sold (Monthly) Projected Volume Merchandise/ Cost per Unit Average No. of Projected Costs of Products Items Sold (Monthly) Purchases (Monthly) (A) F = (D x 30 days) J = (A x F) 90 Total
Write each known variable’s value as it appears in the calculator and use a question mark for the missing variable. Then, in the space provided write the missing variable’s value, as it appears in the calculator. Finally, write your final answer in context, with units, as a complete sentence. Use a TVM Solver is necessary. Daniel plans on making monthly payments into an account that earns 3.5% compounded monthly. If he wants $15,000 in 20 years, what do his payments need to be? N _____________ I%_____________ Missing Variable Value_______________________ PV_____________ PMT____________ Context Sentence: FV______________ P/Y_____________ C/Y_____________
Suppose you open a credit card account and charge $150 to the account on the first of each month to pay for your cable and Internet subscription. You plan to pay just the minimum payment each month for the first 6 months (until your summer job starts). The APR is 18.99% and the minimum payment is 6.5% of the balance. Use Excel to fill in the values in the table below and answer the questions that follow. Month — 23 5 6 1 4 7 Starting Balance $0 New Purchases $150 $150 $150 $150 $150 $150 XXX Balance + Purchases $150 XXX Finance New Charge Balance XXX Express your answers rounded to the nearest cent. (a) What is the starting balance at the beginning of the 7th month? $ (b) What is the starting balance at the beginning of the 4th month? $ (c) Your total finance charge is what percent of your total payments? XXX Minimum Payment XXX
The manager of Bob's Yacht Sales has approved your application for credit. The maximum payment she approved is $80 a month for 48 months. The APR is 12.3 percent. What is the maximum price of a boat you can afford to purchase using the credit offered by the store?