Question
Hi Below is the breakdown of startup cost of my new business (total cost for the year will be around 335,000). would you please explain
Hi
Below is the breakdown of startup cost of my new business (total cost for the year will be around 335,000). would you please explain me the calculation of $ value for intangible advantages and disadvantages.
Creating website10,000
Computers, large monitors, printers6000
Professional high-end camera2000
Office furniture2000
Professional consultation500
Legal fee400
Inventory purchased200,000
YearlyMonthly
Hosting and maintenance of website60050
Rent24,0002,000
Utilities3,600300
Insurance96080
Marketing/advertising6,000500
Payroll36,0003,000
Packing and shipping43,8983,658
Total cost of manufacturing one unit $40 (total unit manufactured 6,097)
Selling price of one unit $115 (revenue 701,155)
Intangible cost/benefits in $ value
Advantages
Financial rewards
Lifestyle flexibility
Personal satisfaction
Continue personal growth, pride and fulfillment
Disadvantages
Financial risk
Monthly obligations
High level of stress
Variation in monthly income
Requires a time commitment
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Managerial Accounting For Managers
Authors: Eric Noreen
1st Edition
73526975, 978-0073526973
