1. Prepare a break-even analysis. Determine the selling price per cookie, variable cost, contribution margin. Think about the number of cookies that need to be sold monthly to break even and the sales in dollars required to break even. Consider the reasonableness of your answer.

2. Prepare a projected sale budget for the first 3 months of operations. Make up your numbers. (dont use chatGPT)

3. Prepare projected Performance Report with a Static Flexible and Actual for March, April and May. Analyze the results for March and April. How is she doing? How can she improve? I think the format on page 413 exhibit 9-7 or 9-8 is ideal as an example to inspire you on how to start and adapt to Joanna. Its an idea for you to use. You do not have to follow it to the letter. Analyze the differences. Are they favorable? Unfavorable? How is Joanna doing? Will this business survive?

4. Prepare an Actual Income Statement March, April and May based on your numbers, and compare the results to those that were projected. Explain the results to Joanna. What is there to do to be successful? Prepare a projected Cash Budget for March, April and May. Assume interest is 2% per month if Joanna needs to borrow. Keep it simple.

Cost Structure; the cost of the cookies, DM, DL, FOH, selling price of the cookies, overhead costs, period expenses, payroll, othersconsider variable, fixed, consider quantity you wish to produce, quantity you wish to sell, in short put together a budget.

- Financial Statement Projections; prepare the 3 months financial statements based on your projected numbers.

- Financial Statement Actual; prepare the 3 months financial statements based on actual results (make up the numbersimagine them)

Joanna has a good, steady job with the Nestle' company, has been there for many years and has good experience gained in the cookies factory. She enjoys her job very much, but dreams about having her own business. Joanna wants to make and sell cookies and wishes to start a cookies store. She has a great recipe passed down from her great-grandmother she wants to use as a basic recipe, and she is convinced that he can create a very successful business. Joanna has enlisted you as her consultant and trusted financial advisor to help her succeed. Your focus should be on the accounting side: you should utilize your skills and knowledge you have learned in this class to help Joanna start and prosper in her new business. She does not have a lot of savings, and is not sure about how to start, what to do, and how to create a business plan. Your estimation is that Joanna needs a startup capital of $60,000, and you and Joanna are able to able to obtain a 5 years loan from a bank at 2% interest, with interest payable annually. Start by thinking of common fixed expenses and variable expenses for a small business that makes cookies. Use the numbers given below as a starting point for the month of March, the first month of business or choose your own starting numbers. Joanna has a good, steady job with the Nestle' company, has been there for many years and has good experience gained in the cookies factory. She enjoys her job very much, but dreams about having her own business. Joanna wants to make and sell cookies and wishes to start a cookies store. She has a great recipe passed down from her great-grandmother she wants to use as a basic recipe, and she is convinced that he can create a very successful business. Joanna has enlisted you as her consultant and trusted financial advisor to help her succeed. Your focus should be on the accounting side: you should utilize your skills and knowledge you have learned in this class to help Joanna start and prosper in her new business. She does not have a lot of savings, and is not sure about how to start, what to do, and how to create a business plan. Your estimation is that Joanna needs a startup capital of $60,000, and you and Joanna are able to able to obtain a 5 years loan from a bank at 2% interest, with interest payable annually. Start by thinking of common fixed expenses and variable expenses for a small business that makes cookies. Use the numbers given below as a starting point for the month of March, the first month of business or choose your own starting numbers