Willborn builders in the building construction business

Reference no: EM131063489

Willborn Builders in the building construction business. In Year 2, it is expected that 40 percent of a month's sales will collected in cash, with the balance being collected the follwing month of the purchases,50 pecent are paid the following month,30 percent are paid in two month and the remaining 20 percent commission. Labor wxpenses are expected to be $4,000 a month Other operating expenses are expected to run about $2,000 a month including $500 for depreciation the ending cash balance for Year 1 wos $4,500.

Reference no: EM131063489

Questions Cloud

Analyze different approache to creation of literature review : Apply the critical concepts and principles of applied business research. Define key research terms in complete sentences of no more than 25 words.

What are your call options worth : Suppose you purchase eight call contracts on Macron Technology stock. The strike price is $60, and the premium is $3.5. If, at expiration, the stock is selling for $67 per share, what are your call options worth? What is your net profit?

National chain of photography studios : LilyMac Studios, a national chain of photography studios, is considering opening up a chain of coffee shop/art galleries. While the existing operations of the firm have a beta of 1.17, the new chain is expected to have a beta of 0.8. The expected mar..

Describe an initial public offering : Describe an initial public offering (IPO). What are the differences between a primary offering and a secondary offering?

Willborn builders in the building construction business : Willborn Builders in the building construction business. In Year 2, it is expected that 40 percent of a month's sales will collected in cash, with the balance being collected the follwing month of the purchases,50 pecent are paid the following mon..

Identify the three types of unions : 1. Identify the three types of unions. Select one and explain how it is able to increase worker wages. 2. What determines the economic rent for land? Explain from a supply and demand perspective.

Present value of the barn at the time of the fire : A farmer had a barn that was burned in a fire and had been built two years prior to the fire. the useful life of the barn was 35 years, cost was $35,000, and salvage value is $0. if the insurance company is going to pay for the present value of the b..

Explain the long run average cost curve : Explain the impact the law of diminishing marginal returns has on both marginal cost and average total cost - with the aid of a diagram explain the long run average cost curve and the influences upon it.

Describe two examples of expert systems that are being used : You may use examples from the textbook or other examples you have read about or heard about.

User Account

All Pages