station 1: retail accountant (sales & inventory)\ntask: students track sales from a mini school store ledger…

station 1: retail accountant (sales & inventory)\ntask: students track sales from a mini school store ledger and calculate profit.\nworksheet example:\n● starting inventory: 20 candy bars @ $1.50 each\n● purchases: bought 10 more candy bars @ $1.00 each\n● sales: sold 15 candy bars @ $2.00 each\n● expenses: advertising poster = $5\nquestions:\n1. how much total revenue did the store make?\n2. what were total expenses?\n3. what was the profit?\n4. why does keeping this record matter for the store?

station 1: retail accountant (sales & inventory)\ntask: students track sales from a mini school store ledger and calculate profit.\nworksheet example:\n● starting inventory: 20 candy bars @ $1.50 each\n● purchases: bought 10 more candy bars @ $1.00 each\n● sales: sold 15 candy bars @ $2.00 each\n● expenses: advertising poster = $5\nquestions:\n1. how much total revenue did the store make?\n2. what were total expenses?\n3. what was the profit?\n4. why does keeping this record matter for the store?

Answer

Explanation:

Step1: Calculate total revenue

Revenue = Number of units sold×Selling - price per unit. Sold 15 candy - bars at $2.00 each. So, Revenue = 15×2=$30.

Step2: Determine total expenses

Expenses = Advertising cost. Given advertising poster cost is $5. So, total expenses = $5.

Step3: Calculate profit

Profit = Revenue - Total expenses. Revenue is $30 and total expenses is $5. So, Profit = 30 - 5=$25.

Step4: Explain importance of record - keeping

Keeping records helps in tracking sales trends, managing inventory levels, assessing profitability, and making informed business decisions such as when to restock, how much to order, and if advertising is effective.

Answer:

  1. $30
  2. $5
  3. $25
  4. Helps in tracking sales trends, managing inventory, assessing profitability, and making informed business decisions.