Question
*Complete those 2 table by using informations below Our expansion plans will require the injection of a significant amount of capital. The sum of $500.000
*Complete those 2 table by using informations below
Our expansion plans will require the injection of a significant amount of capital. The sum of $500.000 is required. We've decided that this sum will be raised from loans. This will be sourced from our banking partners and will be accessed at a reasonable interest rate.
-Business incorporation fees in the United States of America will cost - $750.
-The budget for Liability insurance, permits and license will cost - $3,500
-Acquiring a space or warehouse that will be converted into the music school studio and that can accommodate the number of students that will come to learn for at least 6 months (Re - Construction of the facility inclusive) will cost - $150,000.
-Equipping the music school studio (various musical instruments, studio floor, sound system, Flat Screen TVs, computers, printers, projectors, furniture, telephones, filing cabinets, and electronics) will cost - $100,000
-Launching an official Website will cost - $500
-Amount need to pay bills and staff members for at least 2 to 3 months - $70,000
-Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost - $5,000
Price
-lessons scheduled over the summer (June/ July/ August): $250/month(3 hours for each day, no sat, sun)
-Normal month price( not for summer)
Weekly lesson cost per month: $120/month ( 60mins lesson for everyday no sat and sun)
Individual (one time) lessons $15-$20
*Not including instrument price
*No online lesson, in person only
*Including Music Theory
Teacher salary
-$25 for per hours
Definition of One Unit [text] Description of Expenses Variable Material Total: $ Expenses Item $ Economics of One Unit Selling Price $[value] Cost of variable materials $[value] Cost of labor [value] Other variable costs [value] Total COGS/ COSS $[value] Contribution Margin $[value] Monthly Break Even Units $[month exp] [value] [value] units $[con margin] Fixed Expenses Total: $ Item $ = Definition of One Unit [text] Description of Expenses Variable Material Total: $ Expenses Item $ Economics of One Unit Selling Price $[value] Cost of variable materials $[value] Cost of labor [value] Other variable costs [value] Total COGS/ COSS $[value] Contribution Margin $[value] Monthly Break Even Units $[month exp] [value] [value] units $[con margin] Fixed Expenses Total: $ Item $ =Step by Step Solution
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