Lemonade Stand Essay

First season

Day 1 - Weather was normal
Partnership formed using $20 cash from each of two partner as initial capital so after forming partnership starting inventory: cash = $40. Purchases charged today are 2 pitchers for $6.5, 2 mixing spoons for $5, 200 drinking cups for $6, 15 tubs of lemonade mix for $7.5, 4 bags of ice for $7.   Today sales = $45 (75 @ 0.6) out of 125 in 5.25 hours. Inventory used 89 drinking cups value at $2.67, 14 tubs of lemonade mix value at $7, 4 bags of ice value at $7. Ending cash was $85 and the store balance was $32

Day 2 - Weather was cloudy
Starting Inventory: cash = $85, pitchers = 2 worth $6.5, mixing spoons = 2 worth $5, drinking cups = 111 worth $3.33, tubs of lemonade mix = 1 worth $0.5. Purchases charged today are 1 pitchers for $3.25, 1 mixing spoons for $2.5, 100 drinking cups for $3, 15 tubs of lemonade mix for $7.5, 4 bags of ice for $7.   Today sales = $31.2 (52 @ 0.6) out of 87 in 5.25 hours. Inventory used 65 drinking cups value at $1.95, 11 tubs of lemonade mix value at $5.5, 4 bags of ice value at $7. Ending cash was $116.2 and the store balance was $55.25

Day 3 - Weather was cloudy
Starting Inventory: cash = $116.2, pitchers = 3 worth $9.75, mixing spoons = 3 worth $7.5, drinking cups = 146 worth $4.38, tubs of lemonade mix = 5 worth $2.5. Purchases charged today are 50 drinking cups for $1.5, 10 tubs of lemonade mix for $5, 4 bags of ice for $7.   Today sales = $52.2 (87 @ 0.6) out of 128 in 4.5 hours. Inventory used 96 drinking cups value at $2.88, 15 tubs of lemonade mix value at $7.5, 4 bags of ice value at $7. Ending cash was $168.4 and the store balance was $68.75

Day 4 - Weather was normal
Paid store charge account balance of $68.75. Starting Inventory: cash = $99.65, pitchers = 3 worth $9.75, mixing spoons = 3 worth $7.5, drinking cups = 100 worth $3. Purchases charged today are 100 drinking cups for $3, 15 tubs of lemonade mix for $7.5, 5 bags of ice for $8.75.   Today sales = $47.4 (79 @ 0.6)...