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This is a homework about small business ownership. We don't know much information, Some assumptions: 6 day work week, 24 days per month, minimum wage
This is a homework about small business ownership. We don't know much information, Some assumptions: 6 day work week, 24 days per month, minimum wage back then was $10/hour, interest rate was about 7%. Cost of Sales can be found at SME Benchmarking site NAICS 722512, use the lower middle quartile. We need calculate interest, wages, utilities, Misc. and Break even. Have to show calculation.
Here is the SME benchmarking website: http://www.ic.gc.ca/app/sme-pme/bnchmrkngtl/rprt-flw.pub?execution=e1s1
NAICS 722512
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