•Christine is a former sales representative at a flower market and she has the mindset like a real entrepreneur. Consequently she started her own business. She bought a truck on the second market and converted the truck into a mobile sales truck. Christine's business are plants. She sells the plants at markets, trade fairs and central locations in the region. •She has four plant products in her sales program: > Green leaves > Red dream > Yellow variety > Pink lady •Her sales figures of the products for the past month were as follows Sales amount 500 Sales price per item 4.50 EUR Green leaves Red dream Yellow variety Pink lady 450 3.80 EUR 300 8.20 EUR 400 7.00 EUR Continue ,Christine's Mobile Plant Market" The purchase prices are as follows (euros per unit): Green leaves 2.00 Red dream 2.50 Yellow variety 3.00 Pink lady 4.00 Christine has the following additional costs: Her salary, including ancillary costs of 2,300 euros per month Vehicle costs per month without depreciation: 900 euros per month. All other monthly costs, including interest for the loan: 600 euros The depreciation is 6,000 euros per year.
•Christine is a former sales representative at a flower market and she has the mindset like a real entrepreneur. Consequently she started her own business. She bought a truck on the second market and converted the truck into a mobile sales truck. Christine's business are plants. She sells the plants at markets, trade fairs and central locations in the region. •She has four plant products in her sales program: > Green leaves > Red dream > Yellow variety > Pink lady •Her sales figures of the products for the past month were as follows Sales amount 500 Sales price per item 4.50 EUR Green leaves Red dream Yellow variety Pink lady 450 3.80 EUR 300 8.20 EUR 400 7.00 EUR Continue ,Christine's Mobile Plant Market" The purchase prices are as follows (euros per unit): Green leaves 2.00 Red dream 2.50 Yellow variety 3.00 Pink lady 4.00 Christine has the following additional costs: Her salary, including ancillary costs of 2,300 euros per month Vehicle costs per month without depreciation: 900 euros per month. All other monthly costs, including interest for the loan: 600 euros The depreciation is 6,000 euros per year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
please solve the task by reading attached pictures of background knowledge
What could the concept for cost and revenue accounting look like for Christine ́s business?
Which parts of a cost accounting concept are necessary for her business?
Calculate the profit of Christine ́s business and the return on investment?
Do you feel comfortable with the situation?
Transcribed Image Text:Continue „Christine's Mobile Plant Market“
The business has the following finance structure:
Equity capital
50.000 euros
Loan capital
50.000 euros
The interest rate for the loan is 6% p.a.
Transcribed Image Text:•Christine is a former sales representative at a flower market and she has the
mindset like a real entrepreneur. Consequently she started her own business.
She bought a truck on the second market and converted the truck into a mobile
sales truck. Christine's business are plants. She sells the plants at markets, trade
fairs and central locations in the region.
•She has four plant products in her sales program:
> Green leaves
- Red dream
> Yellow variety
> Pink lady
•Her sales figures of the products for the past month were as follows
Sales amount
Sales price per item
4.50 EUR
Green leaves
500
Red dream
Yellow variety
• Pink lady
450
3.80 EUR
8.20 EUR
7.00 EUR
300
400
Continue „Christine´s Mobile Plant Market“
The purchase prices are as follows (euros per unit):
Green leaves
2.00
Red dream
2.50
Yellow variety
3.00
Pink lady
4.00
Christine has the following additional costs:
Her salary, including ancillary costs of 2,300 euros per month
Vehicle costs per month without depreciation: 900 euros per month.
All other monthly costs, including interest for the loan: 600 euros
The depreciation is 6,000 euros per year.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education