subject
Business, 11.11.2020 23:50 brae72

On December 1, Amold began his moving company, Mega Movers, with one employee. He started off with $10,000 cash, which he had been saving for three years. On December 4, he bought a small truck for $3,500 on credit On December 7, he paid his $100 parking space rental fee and his $82 utilities expense with cash. He needed some supplies on December 8, so he bought $500 worth of moving supplies with cash. Along with providing services, he also sells boxes and packing peanuts/bubble wrap to customers who may need these items at the last minute. On December 8, he also bought $300 worth of boxes and bubble wrap with cash to sell to customers. On December 14, he received his first customer. The customer paid Mega Movers $250 in advance to help him move a motorcycle on December 22. On December 15, Mega Movers helped a customer move furniture and received the payment of $100 immediately after the job was completed.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 19:40
Michigan mattress company is considering the purchase of land and the construction of a new plant. the land, which would be bought immediately (at t = 0), has a cost of $100,000 and the building, which would be erected at the end of the first year (t = 1), would cost $500,000. it is estimated that the firm's afterminustax cash flow will increase by $100,000 starting at the end of the second year, and that this incremental flow would increase at a 10 percent rate annually over the next 10 years. what is the approximate payback period?
Answers: 3
question
Business, 22.06.2019 10:40
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
question
Business, 22.06.2019 11:10
Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.
Answers: 2
question
Business, 22.06.2019 17:30
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?
Answers: 2
You know the right answer?
On December 1, Amold began his moving company, Mega Movers, with one employee. He started off with $...
Questions
question
Mathematics, 01.02.2021 22:40
question
Chemistry, 01.02.2021 22:40
question
History, 01.02.2021 22:40
question
Mathematics, 01.02.2021 22:40
Questions on the website: 13722361