First season - First season Day 1 - Weather was sunny...

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First season Day 1 - Weather was sunny 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 4 pitchers for $13, 2 mixing spoons for $5, 150 drinking cups for $4.5, 15 tubs of lemonade mix for $7.5, 5 bags of ice for $8.75. Today sales = $58.8 (84 @ 0.7) out of 141 in 4.25 hours. Inventory used 94 drinking cups value at $2.82, 15 tubs of lemonade mix value at $7.5, 5 bags of ice value at $8.75. Ending cash was $98.8 and the store balance was $38.75 Day 2 - Weather was normal Starting Inventory: cash = $98.8, pitchers = 4 worth $13, mixing spoons = 2 worth $5, drinking cups = 56 worth $1.68. Purchases charged today are 2 pitchers for $6.5, 1 mixing spoons for $2.5, 200 drinking cups for $6, 35 tubs of lemonade mix for $17.5, 20 bags of ice for $35. Today sales = $44.1 (63 @ 0.7) out of 127 in 5.25 hours. Inventory used 74 drinking cups value at $2.22, 13 tubs of lemonade mix value at $6.5, 20 bags of ice value at $35. Ending cash was $142.9 and the store balance was $106.25 Day 3 - Weather was normal Starting Inventory: cash = $142.9, pitchers = 6 worth $19.5, mixing spoons = 3 worth $7.5, drinking cups = 182 worth $5.46, tubs of lemonade mix = 22 worth $11. Purchases charged today are 2 pitchers for $6.5, 1 mixing spoons for $2.5, 150 drinking cups for $4.5, 25 tubs of lemonade mix for $12.5, 25 bags of ice for $43.75. Today sales = $41.3 (59 @ 0.7) out of 122 in 5.25 hours. Inventory used 69 drinking cups value at $2.07, 13 tubs of lemonade mix value at $6.5, 25 bags of ice value at $43.75. Ending cash was
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This note was uploaded on 07/07/2011 for the course BUSINESS 350 taught by Professor Mitchell during the Fall '09 term at Troy.

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First season - First season Day 1 - Weather was sunny...

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