Question: What is the minimum amount of cash-on-hand (in the bank) do you need on the first day of business in order to pay all of you debts as they accrue until such time as you are receiving sufficient revenue from flight hours, memberships, and CFI fees to be able to then pay-as-you go.

Assumptions:

1. Income is all received timely (such as for hours flown, memberships, CFI fees) but only deposited into the bank on the first day of each month. First deposit is February 1.

2. All expenses are paid timely on the first day of each month. First checks for all accrued expenses (fuel, tie-down, loan, etc.) are issued on February 1, and every month thereafter.

3. The Fixed Costs are the same as you used for the Break-even Analysis