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answer please You are an entrepreneur and have a new interactive product called Interactive Reader. Your product takes existing books and projects an image of
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You are an entrepreneur and have a new interactive product called Interactive Reader. Your product takes existing books and projects an image of the reader into the story and his or her name. An example is the Harry Potter Books. Consumers can scan their child's face and enter the child's name and Harry Potter becomes "William" Potter and or "Professor Cody". The child's image and name are now in the book, when the child reads the book, they are reading about themselves as the main character. The technology of Interactive Reader also enables the pictures to become raised holograms. Completing a new interactive reading experience. Your organization and product are new and have yet to hit retail stores. Your product has a patent and you will have exclusive rights to this technology for 10 years. After this your patent is gone and competition will be sure to be fierce. Your cost for the product is currently breaks down follows. Due to labour agreements and other inflationary factors, VC costs increase in year two by 2%,2% in year 3,2% year 4 , and 4% increase in year five. Marketing and Administration expenses are 2 million a year for the next 5 years. Corporate tax rate is 30%. Your initial investment was $250,000. Avg total assets is 1,500,000. Variable Costs: \begin{tabular}{|l||l|} \hline \hline raw materials & $20.00 \\ \hline labour & $8.00 \\ \hline \hline packaging costs & $1.00 \\ \hline distribution costs & $1.00 \\ \hline \hline production costs (i.e., electricity, & $5.00 \\ \hline coolants, etc.) & $35.00 \\ \hline Total & \\ \hline \end{tabular} Assignments Fixed Costs 2022 (per month) \begin{tabular}{|l|l|} \hline \hline Building Lease & $50,000.00 \\ \hline Machinery Lease & $10,000.00 \\ \hline Property Tax & $5,000.00 \\ \hline \hline Insurance & $5,000.00 \\ \hline \hline Administrative Salaries & $75,000.00 \\ \hline \hline Office equipment Lease & $3,000.00 \\ \hline Total & $148,000.00 \\ \hline \hline \end{tabular} Your selling price to retailers is $50. Your organization projects first year sales to be 150,000 units in Canada. The next 4-year projections are as follows: Year two: 200,000 Year three: 250,000 Year four: 450,000 Year five: 350,000 Business Plan Sections: Students will conduct research and develop the following sections of a business plan during class time. You are an entrepreneur and have a new interactive product called Interactive Reader. Your product takes existing books and projects an image of the reader into the story and his or her name. An example is the Harry Potter Books. Consumers can scan their child's face and enter the child's name and Harry Potter becomes "William" Potter and or "Professor Cody". The child's image and name are now in the book, when the child reads the book, they are reading about themselves as the main character. The technology of Interactive Reader also enables the pictures to become raised holograms. Completing a new interactive reading experience. Your organization and product are new and have yet to hit retail stores. Your product has a patent and you will have exclusive rights to this technology for 10 years. After this your patent is gone and competition will be sure to be fierce. Your cost for the product is currently breaks down follows. Due to labour agreements and other inflationary factors, VC costs increase in year two by 2%,2% in year 3,2% year 4 , and 4% increase in year five. Marketing and Administration expenses are 2 million a year for the next 5 years. Corporate tax rate is 30%. Your initial investment was $250,000. Avg total assets is 1,500,000. Variable Costs: \begin{tabular}{|l||l|} \hline \hline raw materials & $20.00 \\ \hline labour & $8.00 \\ \hline \hline packaging costs & $1.00 \\ \hline distribution costs & $1.00 \\ \hline \hline production costs (i.e., electricity, & $5.00 \\ \hline coolants, etc.) & $35.00 \\ \hline Total & \\ \hline \end{tabular} Assignments Fixed Costs 2022 (per month) \begin{tabular}{|l|l|} \hline \hline Building Lease & $50,000.00 \\ \hline Machinery Lease & $10,000.00 \\ \hline Property Tax & $5,000.00 \\ \hline \hline Insurance & $5,000.00 \\ \hline \hline Administrative Salaries & $75,000.00 \\ \hline \hline Office equipment Lease & $3,000.00 \\ \hline Total & $148,000.00 \\ \hline \hline \end{tabular} Your selling price to retailers is $50. Your organization projects first year sales to be 150,000 units in Canada. The next 4-year projections are as follows: Year two: 200,000 Year three: 250,000 Year four: 450,000 Year five: 350,000 Business Plan Sections: Students will conduct research and develop the following sections of a business plan during class time Step by Step Solution
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