As yoga grew in popularity in Singapore, there were many new yoga studios set up in attempts to tap

into this growing service industry. Space & Light Studios Pte Ltd was one of them. A small and medium

enterprise set up in December $2012,$ it differentiated itself by offering yoga classes that emphasised on

the optimal alignment of the body. This case study explores the entrepreneurial journey of the owners

of Space & Light Studios and examines the viability of this yoga business utilising Cost$-$Volume$-$Profi t

analysis $$ a management accounting tool.

This document is authorized for use only by ANA LAURA GARCIA NATERA $($ana$\_$lala$00$@hotmail.com$).$EXHIBIT $3$

NUMBER OF GROUP, PRIVATE & SALT STRETCH CLASSES CONDUCTED MONTHLY IN $2013*$

Note: The figures have been adjusted by the Authors for teaching purposes.

EXHIBIT $4$

MONTHLY NUMBER OF CLIENT VISITS FOR GROUP, PRIVATE & SALT STRETCH CLASSES IN $2013.$

Note: The figures have been adusted by the Authors for teaching purposes.