Develop the simple fictitious income statement which

Assignment Help Microeconomics
Reference no: EM13455494

Assume that you are going to open up a lemonade stand. You have savings in cash of $100 to begin your venture. You must pay for everything used in the operation of your business. Clearly, you'll want to allocate monies towards marketing your business i.e. signs, pens etc. Create a simple fictitious income statement that reflects your profit and/or loss after your first month of operation. Be sure to include the following: Revenues, cost of goods sold, gross profit, operating expenses and net income before taxes. Include only those expense categories that you use during the course of business.

Reference no: EM13455494

Questions Cloud

What terms do you think they might ask you about consider : your aunt mary has recently been diagnosed with emphysema. you are going to be attending a family function in the near
Determine industry statistics for your business plan share : identify industry statistics for your business plan share the resource where these statistics were located and state
Write a 2 page essay talking about thenbspcomparison : write a 2 page essay talking about thenbspcomparison between hitler and putin. talk about how theyre alike and how
Discuss the steps involved in organizing an accident record : 1. discuss the steps involved in organizing an accident record system. why are following each of these steps important?
Develop the simple fictitious income statement which : assume that you are going to open up a lemonade stand. you have savings in cash of 100 to begin your venture. you
Select a culture to research and recognize one nutritional : choose a culture to research and identify one nutritional concern in this group. develop one written piece of
A leader should be a steward of a living strategy and not : typically leaders engage in red ocean strategies. a leader should be a steward of a living strategy and not merely
Determine the leadership traits skills and behaviors which : identify the leadership traits skills and behaviors that you consider the most important in leading and motivating
What kind of information is contained in the annual report : today corporations are required to send their stockholders an annual report. assume that you are a prospective

Reviews

Write a Review

Microeconomics Questions & Answers

  This line is aimed at the low end of the market and isnt

this line is aimed at the low end of the market and isnt constructed on a wheel base. writing instruments. this line

  Definition of a perfectly competitive industry

Cammco Industries operates in a large competitive market. While there are some other comapnies in industry due to the high fixed costs of building plants, rival companies are very aggressive in their pricing strategies.

  Uder what precise economic situations eg concerning price

several years ago the university of hawaii decided to make some significant increases in the prices it charges for

  What are the two types of government spending categories

The governments at certain times have said they are going to cut the federal budget to decrease government spending. What are the two types of government spending categories and what roles do they play.

  Would it matter if the bank simply refused to fill positions

Gorton is HIV positive. He is also has severe allergies. The medication he takes to control the debilitating effects of his allergies causes his nasal membranes to dry out, resulting in frequent nosebleeds. Even though his allergy medications cont..

  Find the equilibrium values of the real interest rate

Desired consumption is Cd = 100 + 0.8Y - 500r - 0.5G, and desired investment is Id = 10 -500r. Real money demand is Md/P = Y - 2000i. Other variables are πe = 0.05, G = 200, =  1000, and M = 2100.

  Analyze current environmental scan factors find out factors

assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision

  The portion of principal has been paid back richard borrows

after visiting several automobile dealerships richard welch selects the car he wants. he likes its 10000 price but

  Explain how transaction cost in private markets vary from

discuss what types of activities comprise the notion of transaction cost. describe how transaction cost in private

  Computing profit maximizing price of seasonal passes

Monopoly Rinks is the only ice skating facility in Mapleville. The next closest rink is about 100 miles away. It has determined that its demand curve is

  Fnd primary goal of monetary policy and what are three

what is the primary goal of monetary policy and what are the three primary tools available to the federal reserve to

  Regression modeling

Developing a regression model with Sample Regression Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd