ACTUAL EXPLANATIONS ONLY PLEASE // Now, let's look at revenue. Revenue is hard to forecast and generally requires some experience in the industry. For this exercise, we'll give you projections. For the first Haute Salon, the following revenue was projected for the first seven weeks: 200, 400, 330 , 5400, 7700, 9700, 11500.

Now consider the week 1 revenue, total expenses, and cost of purchasing the equipment How much cash will you lose (revenue minus expenses) in the first week? [Include the equipment costs.]

a) About $12,000
b) About $17,000
c) About $23,000

extra information:
total equipment cost: 6,500$
stylists demand 30&/hour & weekly salaries approximate to: 8,000$
major expenses (minor expenses ignored): 10,780$

answer is b) 17,000$

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%