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1d) Yesterday, Willow set up a pop-up shop with 8,000 cash. She bought 500 units of inventory at 4 each (paying cash for 220 units,
1d) Yesterday, Willow set up a pop-up shop with 8,000 cash. She bought 500 units of inventory at 4 each (paying cash for 220 units, the remainder will be paid for later). She paid 4,000 for rent of the shop for 10 days, paid for transport for yesterday and today totalling 100 and paid for five days storage costing 300 in total. She sold 400 units at 20 each. What is the total profit for yesterday? (6 marks) (type in this box) 12 marks What is the closing cash balance for yesterday? (6 marks) (type in this box)
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