Unit 9 Assignment Spreadsheet Month 1 Revenue Number of customers 3000 Average price 200 Total Revenue 600,000.00 Expenses Inventory costs 50,000.00 Advertising 1,000.00 Bad Debt Expense 2,500.00 Bank Charges 250.00 Depreciation & Amortization 5,000.00 Dues & Subscriptions 1,000.00 Insurance 500.00 Licenses & Fees 250.00 Marketing & Promotion 4,000.00 Meals & Entertainment 1,000.00 Miscellaneous 2,500.00 Office Expense 1,200.00 Office Supplies 1,000.00 Outside Services 5,000.00 Payroll Expenses 800.00 Salaries & Wages 10,000.00 Payroll Taxes 500.00 Benefits 1,000.00 Professional Fees 1,000.00 Property Taxes 200.00 Rent 5,000.00 Repairs & Maintenance 2,500.00 Shipping & Delivery 1,500.00 Telephone 200.00 Training & Development 1,500.00 Travel 2,000.00 Utilities 3,000.00 Vehicle 600.00 Other 1,000.00 Other Other Total Expenses 106,000.00 Profit 494,000.00 net profit = total revenue - expenses

My Business is a Salon for Men and Womens:

My Question to be answered is In the beginning of a business, and over time, you may need to borrow money for a short time (revolving credit or short term loans), or a long time (a mortgage, or an equipment loan, for example). Given your profit and loss projection from last week, do you anticipate needing to borrow money for any reason? Keep in mind the seasonality of your company. You might make a lot of money in the winter, and have essentially no business in the summer think of how that is true for a ski resort, for example. If you foresee having to use someone elses money, how do you anticipate getting that? Discuss using both debt and equity financing. Also think about how you can use other peoples money (like suppliers). Be sure to address any bootstrapping measures you might take. Even if you plan to keep your business small, imagine what you would need to do if you wanted to grow. This exercise requires you to use your imagination. The only wrong answer for these discussion purposes will be if you state you do not need money now and never will. Even if that is true, imagine what you would do if you needed it.