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IceJOKER [234]
1 year ago
13

Fast Feet is a new specialty running shoe store in Lumberton, NC. Fast Feet started off with a very good first year, as it made

a profit. 2022 is not looking as good, however, as increased supply prices and utilities have driven up the COGS and a decrease in store traffic has sales numbers down considerably from 2021. Fast Feet does not have much of a seasonal swing, and with the store being new, there is no long-term
Business
1 answer:
RideAnS [48]1 year ago
5 0

Due to the lack of a significant seasonal swing at Fast Feet and the lack of long-term data, forecasting is not possible. However, through May 31, 2022, sales will average $142,867.08 every month. The COGS at that time was $171,212.42.

Fast Feet must obviously change its strategy for the remainder of the year. You have been hired to conduct an examination of what Fast Feet should accomplish for a fee of $10,000 (administrative fees). The owner has requested the following possibilities be provided:

1. If nothing changes from the figures stated in the second paragraph, project the income statement, balance sheet, and statement of cash flows for 2022.

2. If Fast Feet launches a marketing campaign that is expected to boost sales from the first five-month average for 2022 by 21%, project the income statement, balance sheet, and statement of cash flows for 2022. Fast Feet will spend $3,000 on the campaign throughout the course of the final seven months of the year.

3. If Fast Feet decides to take on a new product line that is now very popular among runners, project the income statement, balance sheet, and statement of cash flows for 2022. Fast Feet will spend $164,000 on new inventory for the product in 2022, but it is anticipated to generate 262,400.000 in additional revenue for the remainder of the year. Fast Feet must select one of the following alternatives in order to pay for this new inventory:

• Financing for 36 months at a rate of 19.25 percent interest compounded monthly through Advent Athletics, the company that makes the new shoe line. Beginning on August 1, 2022, repayment would begin and last until July 31, 2025.

• Financial support from a private investor who requests a 20 percent stake in the business in exchange for a $25,000 yearly advising fee (administrative) due on December 31 of each year.

• Obtain financing from a bank that is providing 60 months of compounded monthly interest at a rate of 22 percent, with a reduction to 17 percent during the last 36 months if the first 24 months are paid on time (assume this will be done).

• You must calculate the expenditures associated with each of these choices and include them in your predicted financial statements for #3. Please record all calculations separately in your workbook on different papers.

Learn more about Fast Feet here :

brainly.com/question/27959934

#SPJ10

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To maximize income from consumers, distributors time their tentpole theatrical releases according to
svetoff [14.1K]

To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.

<h3>What is meant by the maximization of income?</h3>

This can be defined as the capability of a given business or a company to earn the maximum profit that they would need in order to take care of the business in the lowest cost possible. It is the amount of money that is made from the business with the lowest inputs.

Hence we can say that To maximize income from consumers, distributors time their tentpole theatrical releases according to the availability of the director to make public appearances.

Read more on income here:  brainly.com/question/25745683

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8 0
1 year ago
Olivia is considering working a secretary job for a small law firm. Given the opportunity costs of working the job, she will not
SOVA2 [1]

What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought

Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.

<em><u>Factors that lead to changes in reservation wages</u></em>

  • Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
  • Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
  • Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.

To learn more about reservation wage, please check: brainly.com/question/14293413?referrer=searchResults

8 0
2 years ago
Jacobi Supply Company recently ran into certain financial difficulties that have resulted in the initiation of voluntary settlem
Mashcka [7]

Answer: Composition

Explanation:

The company owes $150,000 and would pay $0.50 on every dollar immediately.

The cash payment required of the company would therefore be:

= Amount of debt in $ - Amount to be paid per dollar.

= 150,000 * 0.5

= $75,000

Timing of payment is immediately.

A composition refers to an agreement between a debt and its creditors that would allow it to pay off part of its debt in lieu of the total value. This is usually done when the debt risks being insolvent or bankrupt but can still pay off part of its debt.

The agreement would enable it pay off some of the debt and the entire debt would be written off. The benefit to the debtor is that they avoid bankruptcy and the benefit to the creditor is that they get more than they would have gotten had bankruptcy been declared.

A composition is what happened here as a part of debt was paid to satisfy the full thing.

5 0
2 years ago
A 12-ounce beer with an alcohol content of 5% would have a proof of __________ .
Vera_Pavlovna [14]
Alcohol proof is a measure how much of alcohol ( or ethanol ) is contained in a beer ( same as wine, whiskey, etc ). In the US, alcoholic proof is defined as twice the percentage ( in the UK percentage times 1.75 ).Therefore:  5 * 2 = 10  ( or:  5 * 1.75 = 8.75 ).Answer: It would have a proof of 10. 

3 0
3 years ago
What is the value of (123)°?​
Maksim231197 [3]

Explanation:

The value refers to the worth of each digit depending on where it lies in the number. We calculate it by multiplying the place value and face value of the digit. Value=Place Value × Face Value. For instance: If we consider a number 45.

5 0
2 years ago
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