Ask Question, Ask an Expert


Ask Microeconomics Expert

About a year after arriving at MTU, Ahmed's sister finds that school was not for her so she decides to open an art gallery to sell Moroccan art in Calumet, which is becoming a mecca for art tourists. She will need to apply for a small business loan and a major requirement is to find out the net cash flow for the year 2024, and you decide to help her, in exchange for a beautiful painting

For the year 2024, you think that the business will serve an average of 181 customers per day, 360 days per year (the business is closed on 5 days of the year). The average customer spends $15.04 each on small gifts. In addition, a few customers buy expensive art pieces and this averages about $150 per day for 360 days of the year. This art shop pays on average $3.35 for the small gifts it sells to each customer, and it pays $100.00 per day for the art works it sells to the major spending customers. Utilities cost the business $450 per month and miscellaneous supplies and services cost $24,000 per year. This art shop will need to remodel and buy new capital equipment for $40271 during the year 2024. Depreciation on the building and the equipment will be $52,000 during 2024. In addition, wages will be $5.50 per hour for the 16 employees who work the equivalent of 8 hours per day, 360 days per year. There are three managers who earn salaries of $29722 per year each. Insurance and other overhead expenses will be $28,430 that year. Advertising and community donations will be $12,000 that year. The tax rate is 34 percent. What is the net cash flow in the year 2024? (Round your answer to the nearest dollar.)

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M941333

Have any Question? 

Related Questions in Microeconomics

Assignmentwhat are the foundations of a comprehensive job

Assignment What are the foundations of a comprehensive Job Analysis? How do organizations utilize a Job Analysis Questionnaire? Does research support that a job analysis leads to an effective job description? Opine on ho ...

Principles of microeconomics assignmentquestion one the

PRINCIPLES OF MICROECONOMICS ASSIGNMENT Question One: The following table gives a total utility schedule for Michael who consumes sodas. The price of each can of soda is $50. a) Copy and complete the table. Number of can ...

Answer all the questionsq1 assume that the home h and

Answer all the questions: Q1. Assume that the home (H) and foreign (F) countries produce two goods apples (A) and bananas (B) by using labor. The unit labor requirements in A and B are given in two countries as follows: ...

Acts of possessioncarefully read acts of possession which

Acts of Possession Carefully read "Acts of Possession," which covers European modes of possessing land and justifying colonization in the Americas. Write a short essay Addressing the following: What common features or as ...

Microeconomics - cost elements of a businessassignmentin

Microeconomics - Cost Elements of a Business Assignment In this Assignment, you will define and calculate the remaining six major cost elements of a business, when given the Total Costs and the Quantity Produced, as well ...

Assignmentterm projectfor this course you will assume the

Assignment TERM PROJECT For this course, you will assume the role of a manager or legal advisor and create a PowerPoint presentation for an organizational employee meeting. The subject of the presentation will be complia ...

Question - determined that the cost of supplies on hand was

Question - Determined that the cost of supplies on hand was Tk. 1500 and Tk. 1200 of supplies had been used during the month.

Digital media power point presentationdigital media has

Digital Media Power point presentation Digital media has changed the ways ideas, information, and arguments in society are communicated both locally and globally. Individuals and organizations frequently use digital medi ...

Finding the equilibrium pointat the beginning of 2005

FINDING THE EQUILIBRIUM POINT At the beginning of 2005, Toyota sold 175,000 vehicles. Based on the company's analysis of the small car market, the company believed that $16,000 was the equilibrium price based on the foll ...

Q1 show a short run situation where a perfectly competitive

Q1. Show a short run situation where a perfectly competitive firm is earning negative profit but deciding that it would be profitable to continue production for the short run. Include in your graph, ATC, AVC, MC, AR, P, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate