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1.How much do you have in Accounts Receivable at the end of Day 10?

2.How much do you have in Accounts Payable at the end of Day 10?

3.How much do you have in Inventory at the end of Day 10?

4.How much do you have in Cash at the end of Day 10?

5.What is your inventory value at the end of Day 10?

6.What is your Net Worth at the end of Day 10?

Now that you have practiced T-Accounts and tracking, let's talk about YOUR (simulated) Paper Company. Let's assume you have been in business for 2 weeks (or 10 working days). You have been given a business update from your sales and procurement team and you now have to determine what you have in each of your 4 accounts (Inventory, Cash, AR, & AP) and your Net Worth. Use the first 10 days of data here to answer those questions. *Note: we will build on this each week as if it were your business. We will likely go up to 20 or 30 days in total. Day Selling Market # of Sheets # of Squares Sold Price Purchased Purchasing Market Price 1 2 2 2 3 10 1 4 16 2 15 10 2 $ 3.00 $ 1.00 $ 3.00 $ 2.00 $ 5.00 $ 3.00 $ 4.00 $ 2.00 $ 5.00 $ 6.00 $ 4.00 $ 1.00 $ 4.00 $ 2.00 $ 3.00 $ 3.00 $ 2.00 $ 2.00 $ 5.00 $ 6.00 16 15 2 2 7 7 18 7 2 19 1 2 10 16 1 Now that you have practiced T-Accounts and tracking, let's talk about YOUR (simulated) Paper Company. Let's assume you have been in business for 2 weeks (or 10 working days). You have been given a business update from your sales and procurement team and you now have to determine what you have in each of your 4 accounts (Inventory, Cash, AR, & AP) and your Net Worth. Use the first 10 days of data here to answer those questions. *Note: we will build on this each week as if it were your business. We will likely go up to 20 or 30 days in total. Day Selling Market # of Sheets # of Squares Sold Price Purchased Purchasing Market Price 1 2 2 2 3 10 1 4 16 2 15 10 2 $ 3.00 $ 1.00 $ 3.00 $ 2.00 $ 5.00 $ 3.00 $ 4.00 $ 2.00 $ 5.00 $ 6.00 $ 4.00 $ 1.00 $ 4.00 $ 2.00 $ 3.00 $ 3.00 $ 2.00 $ 2.00 $ 5.00 $ 6.00 16 15 2 2 7 7 18 7 2 19 1 2 10 16 1

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