We will put down $3000 each and the rest will be donations from friends and family. Our fixed assets are for continuing use, which is, office space, airline discounts and other fixed assets like office equipments and accessories and utility bills like electricity. Our variable costs will change because of the different activities of the business dealing with labor and advertising. Below we have our cash flow projection for the next five years. We estimated how many customers we need to breakeven each year.
8. Harley paid $200 cash to an assistant for hours worked during the grand opening. 9. Cash received from services provided during the second half of the month was $1,000. 10.
Accounts Payable Home depot reported its January 31, 2010 accounts payable at $4,863,000 and on January 30, 2011 the same was reported the following fiscal year at $4,717,000. There is a loss of ($-146,000) which possibly indicates the repayment of construction loans, now that Home Depot now operates over 2,000 retail locations with 1,976 in the USA, 179 stores in Canada, 85 stores in Mexico and 8 stores in China. (Home Depot, 2011). Total Current Liabilities The total current liabilities for the home depot organization in January 31, 2010 was reported at $10,363,000 and the same was reported the following fiscal year on in January 30, 2011 at $10,122,000, once again there is a decrease from 2010 to 2011. Two Largest Current Liabilities
The pressure to accomplish the sales revenue target has created a stressful and unethical environment for Campbell. Campbell has pressure because he knows that he might not meet the revenue target for the fourth quarter. He starts to do research on the purchase orders that were received during the latter half of November and early December to determine whether shipments could be made to the customers before December 31 (Mintz & Morris, 2011). He knows that when an order is received before the end of the year it can be complete by December 31. So Campbell starts to manufacture and ship the orders to the customers so he could have the sales revenue contribution towards the fourth quarter.
$30,000 of depreciation on the equipment used to manufacture the parts. c. The supervisor's salary of $25,000, which would be avoided if the part is purchased from an outside supplier. d. $15,000 in rent from leasing the production space to another company if the part is purchased from an outside supplier. status: correct (1.0) correct: b your answer: b feedback: Correct. ________________________________________ 2 The following information pertains to the Norfolk Company's three products: Product B's production is increased to 700 units per year but B's selling price on all units of B is reduced to $8.00.
Old press – Originally purchased 3 years ago at an installed cost of $400,000, it is being depreciated under MACRS using a 5-year recovery period. The old press has a remaining economic life of 5 years. It can be sold today to net $420,000 before taxes; if it is retained, it can be sold to net $150,000 before taxes at the end of 5 years. Press A – This highly automated press can be purchased for $830,000 and will require $40,000 in installation costs. It will be depreciated under MACRS using a 5-year recovery period.
This was the initial amount invested by two of Neverfail founding employees. 4,796,000 shares of common stock were issued at $0.01 par value. After Angel Investment: According to the case, George Lawrence and another Seattle Angel acquired 800,000 shares of convertible preferred stock at $1 per share. This gives a total of $800,000. With this new development, if we assume that the previous 4,796,000 shares of common stock that were originally issued in March of 1993 are now also worth $1 per share, this gives a total of $4,796,000.
From the perspective of the case, there are three problems that the industry faces. The first is foreign competition, the second is strained labor relations, and third a slowed demand for steel. Each of the three problems remains. Any attempt to place trade barriers on import of steel leads to global repercussions. So, that cannot be implemented.
The biggest is the amount of energy that is consumed. Utility or energy bills in the coin-op industry, that I am currently in, can run over thirty percent of you gross income. The coin laundry association has done a recent survey that show as a marketplace there is approximately five billion dollars a year generated in laundry revenue. The thirty percent utility mark puts the energy consumed in this sector at one and a half billion dollars a year. That is not including the OPL sector which is believed to be much larger than the Coin-Op.
Most were assigned to two work centers. 3.5 million bills were issued each month to business and residence customers. Critical Business Issue: Reduce expenses by 8-10% in each of the next five years. Intervention: Re-design the CASH PROCESS. This process involves receipt of the customer’s payment, crediting the customer’s account and depositing the amount in the company’s account.