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You have a lawn mowing business. You plan to work 250 hours per month and charge your customers $22 per hour. Your anticipated costs include:
Advertising $25 per month Gas $1.50 per hour Depreciation on mowers $25 per month Assistant's Wages $7.00 per hour Miscellaneous Expenses $50 per month You plan on paying 60% of your monthly costs in the month incurred, 30% in the second month and the remainder in the following month. Calculate the amount of cash payments for operating activities in your second month of business.
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- SC You have a lawn mowing business. You plan to work 250 hours per month and charge your customers $24 per hour. Your anticipated costs include: Advertising $25 per month Gas $1.30 per hour $25 per month $8.00 per hour $30 per month Depreciation on mowers Assistant's Wages Miscellaneous Expenses You plan on paying 60% of your monthly costs in the month incurred, 30% in the second month and the remainder in the following month. Calculate the amount of cash payments for operating activities in your second month of business. Click Save and Submit to save and submit. Click Save All Answers to save all answers. ! 1 Q IL A 2 W S # 3 E D $ 4 R % 5 F MacBook Pro T 6 G & Y 7 H * 00 8 U 9 T K JYou have a lawn mowing business. You plan to work 300 hours per month and charge your customers $23 per hour. Your anticipated costs include: Advertising $30 per month Gas $1.20 per hour $25 per month $9.00 per hour $20 per month Depreciation on mowers Assistant's Wages Miscellaneous Expenses You plan on paying 60% of your monthly costs in the month incurred, 30% in the second month and the remainder in the following month. Calculate the amount of cash payments for operating activities in your second month of business.esc You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 80 hours in your first month and 370 hours in your second month of business. You charge your customers $24 per hour. Your anticipated costs include: Advertising Gas Depreciation Assistant's Wages Miscellaneous Expenses You plan on collecting 90% of your sales in the month you mow the lawn and the remainder in the following month. Calculate the accounts receivable balance at the end of your second month of business. Click Save and Submit to save and submit. Click Save All Answers to save all answers. 1 Q A 2 W $8 per month $1.40 per hour $25 per month $8.00 per hour $40 per month S # 3 E D $ 4 R 67 dº % 5 LL MacBook Pro T < 6 G & Y 7 H * 00 8 U J o
- You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 280 hours per month and charge your customers $17 per hour. Your anticipated costs include: Advertising $20 per month Gas $1.60 per hour Depreciation $25 per month Assistant's Wages $10.00 per hour Miscellaneous Expenses $60 per month Calculate your budgeted Sales Revenue for the month.You plan on starting a lawn mowing business by investing $700 of your own money and purchasing $500 of equipment. You plan to work 310 hours per month and charge your customers $15 per hour. Your anticipated costs include: Advertising $31 per month Gas $1.50 per hour Depreciation $25 per month Assistant's Wages $8.00 per hour Miscellaneous Expenses $50 per month Calculate your budgeted sales revenue for the year.You plan on starting a lawn mowing business by investing $700 of your own money and purchase $500 of equipment. You plan to work 330 hours per month and charge your customers $18 per hour. Your anticipated costs include: Advertising Gas $18.00 per month Depreciation $1.40 per hour $33.00 per month $10.00 per hour Assistant's Wages Miscellaneous Expenses $40.00 per month Calculate the Equipment net of Accumulated Depreciation at the end of your second month of business on the budgeted balance sheet. +
- You plan on starting a lawn mowing business by investing $700 of your own money and purchase $500 of equipment. You plan to work 260 hours per month and charge your customers $23 per hour. Your anticipated costs include: $25.00 per month $26.00 per month $1.40 per hour Assistant's Wages $9.00 per hour Miscellaneous Expenses $40.00 per month Calculate your Variable cost per hour on the budgeted contribution margin income statement. Depreciation Advertising GasYou own and manage a yard care business in which you charge $50 per visit to care for each yard (your revenue). Your labor, fuel, and other variable costs are 30.5% of revenue, and you have $40,000 in fixed costs. How many visits to care for yards must you perform in a year to break even?You are going to open a business making custom cabinets. You can selleach cabinet for $80. It takes a cabinetmaker approximately 45 minutes tomake one cabinet. Each cabinetmaker works an 8-hour day earning $18 perhour. Each cabinet uses $25 in raw materials. You usually produce cabinets20 days a month and can employ two cabinetmakers. You estimate thatyour fixed costs are $5,000 per month.a. What is your contribution margin?b. How many cabinets must you make each month to break even?c. What is your total monthly revenue if you want to earn a $2,000 profit?d. Construct a break-even chart for the custom cabinet firm. Part D is neeeded
- You are going to open a business making custom cabinets. You can selleach cabinet for $80. It takes a cabinetmaker approximately 45 minutes tomake one cabinet. Each cabinetmaker works an 8-hour day earning $18 perhour. Each cabinet uses $25 in raw materials. You usually produce cabinets20 days a month and can employ two cabinetmakers. You estimate thatyour fixed costs are $5,000 per month.a. What is your contribution margin?b. How many cabinets must you make each month to break even?c. What is your total monthly revenue if you want to earn a $2,000 profit?d. Construct a break-even chart for the custom cabinet firm.You are the manager of an apartment complex with 100 units. When you set the rent at $1600 per month, all apartments are rented. As you increase rent by $50 per month, on average, 2 fewer apartments are rented. Maintenance costs run $200 per month for each occupied unit. What is the rent that maximizes the total amount of profit? Answer:Steve Scooter plans to sell a standard scooter for $500 and chrome scooter for $650. Steve purchases the standard scooter for $150 and the chrome for $250. Steve's expect to sell one standard scooter for every three chrome. Steve's monthly fixed costs are $263000 How many of each scooter must Sever sell each month to break even? How many of each scooter would Steve need to sell each month to earn $697000?