1 1 2 100% + O Using the budget template provided, fill in the anticipated sales, cost of goods, and expenses calculates you anticipate your business will make in the 14-week timeframe of the course. You can download the budget template from the Budget Dropbox Folder provided in the course, under the Assessment" tab in the menu. In Column E, "Research and Rationale Notes", describe the research you used to inform your calculations for each line item in your budget. For some items, you may want to breakdown your calculations. For example, in your "Sales" line, you may want to show how many items you sold at each price point. Include the expenses that make the most sense for your business, and type them into the budget by replacing the words, Write expense line item here. Examples of expenses that might be applicable to your business are: Office supplies Gas Drawings (how much you will take out of the business to pay yourself) Bank charges Advertising Business cards Printing . . . . Remember: If you have expenses from purchasing supplies to make your products that you sell, these should be calculated in the "Cost of Goods Sold" line and not in the "Expenses" section If you are a service-based business that does not offer a product, you will not have any calculations for "Cost of Goods Sold ENTR 1281 Entrepreneurship Budget: Assignment Overview Weighting: 10% Due: Week 7 Assignment Checklist: Learners are encouraged to use the following checklist to prepare them for success in this assignment. The budget template was used to complete the assignment The calculations have been double-checked to ensure accuracy. Research and rationale has been provided for each line item to explain either how a calculation was created for a line item, or why a line item was included The calculations are based on the course's 14-week timeline. The budget is uploaded as an Excel or PDF file to the appropriate Dropbox Folder by the specified due date and time Please Note: The policies in the Course Outline indicate that all assignments received after the agreed upon due date and time will receive a grade of zero (0) If you feel you cannot fulfill the assignment by the due date and time, please reach out to the course instructor at least 24 hours in advance to request an extension received after the agreed upon due date and time will receive a grade or zero (0) If you feel you cannot fulfill the assignment by the due date and time, please reach out to the course instructor at least 24 hours in advance to request an extension Assignment Rubric: The following criteria explain how this assignment will be graded. Not Exemplary Proficient Incomplete Acceptable (5 points) (3.5 points) (1.5 points) (0 points) Application of Application of concepts and concepts and components used components used in throughout the some of the assignment. All assignment. Some information and information and rationale is clear rationale is clear and appropriate and appropriate Application of concepts and components used sparingly in the assignment. Little information and rationale is clear and appropriate Budget was not provided or inconsistent with assignment outline Assignment Execution Some projections are clear and based on adequate levels of research Few projections are clear and based on weak levels of research Inadequate work done to date All projections are clear and based on strong levels of research Level of Research Total: 10 1 1 2 100% + O Using the budget template provided, fill in the anticipated sales, cost of goods, and expenses calculates you anticipate your business will make in the 14-week timeframe of the course. You can download the budget template from the Budget Dropbox Folder provided in the course, under the Assessment" tab in the menu. In Column E, "Research and Rationale Notes", describe the research you used to inform your calculations for each line item in your budget. For some items, you may want to breakdown your calculations. For example, in your "Sales" line, you may want to show how many items you sold at each price point. Include the expenses that make the most sense for your business, and type them into the budget by replacing the words, Write expense line item here. Examples of expenses that might be applicable to your business are: Office supplies Gas Drawings (how much you will take out of the business to pay yourself) Bank charges Advertising Business cards Printing . . . . Remember: If you have expenses from purchasing supplies to make your products that you sell, these should be calculated in the "Cost of Goods Sold" line and not in the "Expenses" section If you are a service-based business that does not offer a product, you will not have any calculations for "Cost of Goods Sold ENTR 1281 Entrepreneurship Budget: Assignment Overview Weighting: 10% Due: Week 7 Assignment Checklist: Learners are encouraged to use the following checklist to prepare them for success in this assignment. The budget template was used to complete the assignment The calculations have been double-checked to ensure accuracy. Research and rationale has been provided for each line item to explain either how a calculation was created for a line item, or why a line item was included The calculations are based on the course's 14-week timeline. The budget is uploaded as an Excel or PDF file to the appropriate Dropbox Folder by the specified due date and time Please Note: The policies in the Course Outline indicate that all assignments received after the agreed upon due date and time will receive a grade of zero (0) If you feel you cannot fulfill the assignment by the due date and time, please reach out to the course instructor at least 24 hours in advance to request an extension received after the agreed upon due date and time will receive a grade or zero (0) If you feel you cannot fulfill the assignment by the due date and time, please reach out to the course instructor at least 24 hours in advance to request an extension Assignment Rubric: The following criteria explain how this assignment will be graded. Not Exemplary Proficient Incomplete Acceptable (5 points) (3.5 points) (1.5 points) (0 points) Application of Application of concepts and concepts and components used components used in throughout the some of the assignment. All assignment. Some information and information and rationale is clear rationale is clear and appropriate and appropriate Application of concepts and components used sparingly in the assignment. Little information and rationale is clear and appropriate Budget was not provided or inconsistent with assignment outline Assignment Execution Some projections are clear and based on adequate levels of research Few projections are clear and based on weak levels of research Inadequate work done to date All projections are clear and based on strong levels of research Level of Research Total: 10