Caravan's Coffee Bean Business Adventures in December 2022

How did Caravan's coffee bean business perform in December 2022?

Did Caravan face any challenges or delightful surprises during the month of December?

Caravan's Coffee Bean Business Performance in December 2022

Caravan had an exciting and bustling December with numerous coffee bean transactions and financial activities.

Throughout December, Caravan's coffee bean business experienced brisk sales and interactions with various customers. From selling different types of coffee beans to handling accounts payable, Caravan had a busy and eventful month.

One of the highlights of Caravan's business adventures was the sale of 120 one-pound bags of Light Roast coffee to Coffee Cottage at $11.50 per pound. This significant sale to his biggest customer brought in a substantial amount of revenue. Moreover, Caravan managed to sell 900 one-pound bags of Premium Roast coffee, receiving a cash payment of $10,000 from customers.

Despite the success in sales, Caravan also faced challenges such as dealing with accounts payable and sales returns. For instance, Caravan paid-off $2,200 of accounts payable and had to issue a refund to a customer who received moldy coffee beans.

Additionally, Caravan offered a 2% discount on the sale of 400 one-pound bags of Medium Roast coffee, which was well-received by customers. The coffee bean business also saw the write-off of an account as uncollectible due to a customer's bankruptcy declaration.

Overall, December was a month filled with both triumphs and hurdles for Caravan's coffee bean business, showcasing the dynamic nature of running a small business in the coffee industry.