Module 6 - Application \& Analysis Assignment Assume you are starting a small retail business. A retail business is one where you purchase the product (rather than making the product yourself) and resale it. Think about products that you can purchase in bulk (e.g., from Costco, Sam's, etc) and repackage them into smaller quantities to offer for sale at a local fair, a sporting event, or a similar venue. Now, think about what information you need to create a budget for a three-month period. Investigate the price and quantity you can purchase this product at a retail warehouse. Choose a selling price for the repackaged product. Make reasonable assumptions about how many of the repackaged products you can sell each month and your related expenses. Respond to the following five (5) questions based on your investigation and decisions above as well as your knowledge from this module's material. 1. Describe your product. What is the cost of this product? What size (quantity) will you purchase? What size (quantity) will be your repackaged product? At what price will you sell your repackaged product? Make projections of your sales in units for each of the next 3 months. 2. Estimate how many hours you will spend in each of the next 3 months doing the purchasing and repackaging. Select a reasonable wage rate for yourself. 3. What other expenses are you likely to have related to the repackaging of your product (e.g.bags, containers, etc.)? Make projections of your costs for each of the next 3 months. 4. What other expenses are you likely to have related to the selling of your product (e.g., booth rental, the vendor license, etc.)? Estimate how many hours you will spend selling the products and use the wage rate you decided above. Make projections of your costs for each of the next g. 3 months. 5. Prepare a budgeted income statement for a 3-month period (i.e., one quarter). Exhibit 9 12 in the textbook is an example of a budgeted income statement. However, your budgeted income statement should have 4 columns with amounts - one for each month and a total for the quarter. a. Sales revenue should be based on 1. above b. Costs of goods sold should be based on 1., 2., and 3. above c. Operating expenses should be based on 4 , above .

1. Module 6: Homework: A History of Marine Science 1 point The future of oceanographic
research apperas tolie: with single, tsolated individuals working alone. With epic voyages, with
the cooperative efforts of the great private. institutionat, and national oceanographic institutions.
With the military agencles of the world. 2 0. pointi A cartographer makes charts and mapo True
False 3 os ponale The Hawailan istand were one of the last of the Pacife hlands to be colonized
by the Polyneslans because it is the farthest aways some 2 ,0oo miles from other alands. True
Faise: 4 espointe The Library of Alexandria was an important sathering place forinteliectuas s
stored the works of scholars, and contained current information about discoveries in trade and
navigation. True False Phoenician sailors were more skilled then Greek sailors, so they ventured
beyond the sight of land for trade on a regular basis. True False 1 point. Where is the present day
"zero longitude? Athens Rome Alexandrla Greenwich Syene 7 os polits Longltudinal lines run
parallet to the equator True false. 8 asponts The Polynesian colonies used a syitemof shels and
bamboo to represent isiand positions for navigation. True False 9 : 05 ponita Christopher
Columtus believed during his itetime that he had discovered the New World. True False Captain
James Cook returned to England after his final expedition in 1779 and recorded a 50 -volume set
of reports of his scientific findings, True False 0.5 points Captain James Cook was killed in the
Hawalian Islands during his last expedition in 1779. True False. 205 pointe The Glomar
Chalienger expeditions drilled deep into the seafloor and confirmed evidence for seafloor
spreading and plate tectonica. True False 13 . 25 points Satellites can measure the height of the
sea surface from 835 miles above Earth. True False