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You have an idea to start a business selling cabinets to high-end home builders. How much money do you need to start the business if
You have an idea to start a business selling cabinets to high-end home builders. How much money do you need to start the business if you know the following: Rent for space for shop::
$(1500)/(m)o
Utilities:
$(250)/(m)o
Truck for deliveries:
$22,000
Accounts Receivable:
$25,000
avg (30-day terms) Wood and supplies in inventory to make cabinets:
$36,000
Misc expenses:
$(2600)/(m)o
Payroll shop workers:
$6,(000)/(m)o
Machinery/equipment:
$25,000
You are confident you will break even after 4 months
$123,750
$224,400
$149,400
$118,350
You have an idea to start a business selling cabinets to high-end home builders. How much money do you need to start the business if you know the following: 1. Rent for space for shop:: $1500/mo 2. Utilities: $250/mo 3. Truck for deliveries: $22,000 4. Accounts Receivable: $25,000 avg (30-day terms) 5. Wood and supplies in inventory to make cabinets: $36,000 6. Misc expenses: $2600/mo 7. Payroll shop workers: $6,000/mo 8. Machinery/equipment: $25,000 9. You are confident you will break even after 4 months
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