info systems paper buisness

This assignment is designed to make sure you understand how your Paper Company works and you have practiced with transactions. Using the date given here, please answer the following questions about the value in your cash, inventory, AP, and AR accounts. All questions pertaining to what you have at the end of Day 3 Tips & Notes: This is just practice. You will be given credit for completion but not penalized for wrong answers. If you are struggling with this, make sure you go back and read/watch the information on the Paper Business Remember, don't forget your $10 in startup cash and 6 squares in inventory. You are not timed on this, you can start and come back to it as often as you would like. Squares Sold @ market price Sheets Ordered @ market price DAY 1 15 $3.00 1 $5.00 DAY 2 1 $5.00 10 $8.00 DAY 3 $7.00 $11.00 Question 1 1 pts What is your NW? $46.00 O $35.00 $7.00 $5.00 D Question 2 1 pts ed How many squares of paper do you currently have in stock? O 10 5 11 Question 3 1 pts How much do you owe to your supplier? $16.00 $5.00 $11.00 O $7.00 D Question 4 1 pts How much does your customer owe you? $12.00 O $16.00 $11.00 $35.00 D Question 5 1 pts What is the value of your inventory? $55.00 O $11:00 $8.00 $25.00 Question 6 1 pts What is the average selling price of your squares? $5.00 $3.20 O $8.00 O $3.00 This assignment is designed to make sure you understand how your Paper Company works and you have practiced with transactions. Using the date given here, please answer the following questions about the value in your cash, inventory, AP, and AR accounts. All questions pertaining to what you have at the end of Day 3 Tips & Notes: This is just practice. You will be given credit for completion but not penalized for wrong answers. If you are struggling with this, make sure you go back and read/watch the information on the Paper Business Remember, don't forget your $10 in startup cash and 6 squares in inventory. You are not timed on this, you can start and come back to it as often as you would like. Squares Sold @ market price Sheets Ordered @ market price DAY 1 15 $3.00 1 $5.00 DAY 2 1 $5.00 10 $8.00 DAY 3 $7.00 $11.00 Question 1 1 pts What is your NW? $46.00 O $35.00 $7.00 $5.00 D Question 2 1 pts ed How many squares of paper do you currently have in stock? O 10 5 11 Question 3 1 pts How much do you owe to your supplier? $16.00 $5.00 $11.00 O $7.00 D Question 4 1 pts How much does your customer owe you? $12.00 O $16.00 $11.00 $35.00 D Question 5 1 pts What is the value of your inventory? $55.00 O $11:00 $8.00 $25.00 Question 6 1 pts What is the average selling price of your squares? $5.00 $3.20 O $8.00 O $3.00