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Title Page and a Reference Page with at least three APA formatted references At least five pages of substantive content discussing the following: What is
Title Page and a Reference Page with at least three APA formatted references
At least five pages of substantive content discussing the following:
- What is the nature of the business?
- What is (are) the product(s) or the service(s) that will be provided?
- What is the projected level of product sales or services rendered per month?
- What will be the unit price of the product or service?
- What is the total revenue (sales) expected per month?
- What start-up costs and assets will be required to operate the business?
- How will the financing for these start-up costs and assets be obtained?
- How many employees will be needed? How much will they be paid?
- What are other anticipated monthly expenses? Classify your monthly costs by whether they are fixed costs or variable costs.
- Based on your total fixed monthly costs and contribution margin per unit (selling price per unit less variable costs per unit), determine the monthly breakeven point in units.
- Based on your business model, describe the types of accounts assets, liabilities, revenues, expenses, etc.) you will need to set up in your general ledger.
- Prepare a budgeted income statement for the first year of operation.
- Prepare a budgeted balance sheet for the first year of operation.
- Describe at least two internal controls you would use to protect your business.
- Describe one financial statement analysis technique (Week 7) and one type of budget (Week 11) you would adopt to help you monitor business performance.
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