International Research Journal of Applied Finance. I have accomplished some of the problems, however. I have hit wall. I am unsure about my answers as well. IN order to answer the questions you need all the sections as well. I need help checking to see if what i answered was correct and the future path to take and what those answers are. Thank you

International Reseacch Journal of Applied Finance ISSN 2229 6891 February 2014 Case Study Seciea b] A heat press machine: You will pay $4,500 (including taxes, shipping and handling) for a heat press machine. The machine is used for imprinting t-shirts only and is expected to last 3 years without salvage value. [c] Transfer paper: Each case of transfer paper costs $400 and contains 1,000 sheets of 8.5x11 transfer paper. You expect to use one transfer paper to print one T-shirt. [d] Ink-jet cartridges: On average, each cartridge costs $50 and can make 500 prints. Each T- shirt requires one print. You also need to print flyers, etc. for selling and administrative For this non-manufacturing printing, you will print about one page for every 5 purposes. T-shirts sold. [e] Laser paper: You will buy several reams of laser paper to print promotion flyers, etc. Each ream costs $20 and contains 200 sheets of 8.5xlI laser paper. boxing are not considered as manufacturing. 6) Wrapping paper and box: Each T-shirt costs about $0.20 to wrap and box. Wrapping and 7) You will hire three fellow students as part-time workers. They not only help you operate the machine, but also help fold, wrap and box T-shirts. Sometimes, thrce of them work at the same time. But, sometimes they don't because of their different class schedules. On average, printing 10 shirts will take one labor hour. Folding and packaging 20 shirts also will take about one labor hour. You will pay each of your workers $8 per hour. Folding and wrapping are not considered as manufacturing 8) You (the owners) do all the selling and administrative work by yourselves. You will pay 9) To protect your business from legal obligation, you will purchase a liability insurance that 10) You will hold four end-of-quarter parties to promote sales of your t-shirts. Each party costs yourselves a total of $12,000 per year (to be divided among all owners). will cost you $3,600 per year you about $1,000. Phase One Requirements: (1) Give your company an attractive name. (2) What and how much of your costs are variable costs? List your manufacturing and (3) What and how much of your costs are fixed costs? List your manufacturing and non- (4) Write out your yearly cost formula in Y = a + bX format. Be sure to include both (5) Assume that you make and sell 7,800 t-shirts in the first year. Use your cost formula non-manufacturing variable cost items and present each of them in cost per T-shirt basis. manufacturing fixed cost items and present each of them in total cost per year manufacturing costs and non-manufacturing costs in the cost formula to calculate your first year's total cost. If you sell these t-shirts at S15 each, how much would net profit be in the first year? To Prepare Your Report: Please type your answers into the report sheet posted on Blackboard. Hand-written reports will not be graded. The neatness of the report is one element of grading Ching-Lih Jan, Califonia State University. Cast Bay, Chinglih.in@esucasthay.sda Diane Satin Calfornia State University. East Bay, Dianc satin@ssucastbay.edu Robert Lin, California Stuate Univesity. East Bay, Robsrt lin@csusisbay adu Ching-Lih Jan, Califonia State University, East Bay, Chinglih.im