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Sweat Galore

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Question 1 It's always important to set goals to measure the success of any business. However, the first three goals are more of a mission statement while the fourth is an objective for the company. The problem is there no plan and one objective. What is he going to do if the company doesn't net the $25,000? Or what if it nets the $25,000 but there is not enough cash to sustain the business? There needs to be more objectives to make allowances for these types of situations. There needs to be a plan of action where goals change from period to period. Otherwise, the business cannot succeed.

Question 2 Hi-Lo Maintenance Units Cost
September 8,000 $1,914.00
January 2,000 $1,716.00
Difference 6,000 $198.00
Cost/unit $0.033

Hi-Lo Utilities Units Cost
September 8,000 $1,400.00
January 2000 $1,100.00
Difference 6,000 $300.00
Cost/Unit $0.050

January Sales 12000
January /unit cost 16
January Units 750

Maintenance Cost January Units 750
Cost/unit $0.033
Total Variable Costs $24.75

Utilities Cost January Units 750
Cost/Unit $0.05
Total Variable Costs $37.50

Question 3 Sales Budget
1 Q 2 Q 3 Q 4 Q Year Next yr 1Q Expected Unit Sales 8,000 10,000 20,000 12,000 50,000 18,000 x Unit Selling Price $16 $16 $16 $16 $16
= Total Revenue $ $128,000 $160,000 $320,000 $192,000 $800,000

1Q 2Q 3Q 4Q Year
Question 4 Total Revenue $128,000 $160,000 $320,000 $192,000 $800,000
Accounts Receivable $0 $38,400 $48,000 $96,000 $182,400
Collected $89,600 $112,000 $224,000 $134,400 $560,000
Total Collections $89,600 $150,400 $272,000 $230,400

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