Question

In: Accounting

Imagine that you want to start your own business of selling burgers. You are however working...

Imagine that you want to start your own business of selling burgers. You are however working on a salary in some other cafeteria. You make a budget and see that you might have to incur the following expenses to run a cafeteria. __1. Imagine at least five variable expenses and five fixed expenses of your choice (can be more). __2. Imagine a Sales Price for your burgers. __3. Also imagine some basic drawings or salary for yourself as you are thinking of leaving your current job to do this business. __4. Imagine a current salary. __5. Report your decision by a systematic approach to decision making using a CVP analysis.

Solutions

Expert Solution


Related Solutions

Assume that you are going to start a small business of your own. Further, imagine that...
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the business and its likely main competitors. How would you structure your advertising and customer service to differentiate your product/service? How easy would it be for new competitors to enter your market and erode your customer base or selling price? What...
Pretend you are going to be an entrepreneur and you want to start your own business.  You...
Pretend you are going to be an entrepreneur and you want to start your own business.  You have a great idea, you are ready and willing to work. You just need--money. You will need $500,000 to start your business.  But you do not have that much money. You only have $50,000 available from your life savings. What avenue or avenues would you pursue to gain the money you need to get your business started? Explain what would work best for you, and...
Question for the class: For those of you who want to start your own business, what...
Question for the class: For those of you who want to start your own business, what barriers have you encountered? In other words: why haven't you started your small business yet? What's holding you back? Give details of a scenario.
You want to start your own consulting business and believe it could produce cash flows of...
You want to start your own consulting business and believe it could produce cash flows of $5,600 this year, $48,200 for the following eight years (years 2 through 9), and $125,000 ten years from now. At the end of ten years you think you can sell the business for $450,000. At a 14 percent discount rate, what is this business idea worth today?
Suppose you and your friend want to start a business, and the friend suggests to start...
Suppose you and your friend want to start a business, and the friend suggests to start a movie dvd rental store in the bronx. Is that an attractive market? Discuss using Porter's Five Forces
You have decided to start your own small business selling SkatePlates—mini skateboards which clip on to...
You have decided to start your own small business selling SkatePlates—mini skateboards which clip on to users’ shoes. You think you have a good product, but know there is lots of competition for the target market you hope will buy your product. You hope to quickly develop a solid customer base before consolidating in years 2–4 of your business. In five years you hope to enter a growth phase. You recognise the importance of developing profit goals/ targets and have...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate the initial cost and the annual cash flow details (operation and maintenance costs, raw material, salaries, overheads, profits …etc.).(draw the cash flow) Note: you don’t need to consume the 250,000$, any cheaper investments are fine. Any larger investment is allowable under loan consideration or suitable explanation. It’s like a mini feasibility study but you only have to calculate the rate of return Note: put...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate the initial cost and the annual cash flow details (operation and maintenance costs, raw material, salaries, overheads, profits …etc.).(draw the cash flow) Note: you don’t need to consume the 250,000$, any cheaper investments are fine. Any larger investment is allowable under loan consideration or suitable explanation. It’s like a mini feasibility study but you only have to calculate the rate of return Note: put...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate the initial cost and the annual cash flow details (operation and maintenance costs, raw material, salaries, overheads, profits …etc.).(draw the cash flow) Note: you don’t need to consume the 250,000$, any cheaper investments are fine. Any larger investment is allowable under loan consideration or suitable explanation. It’s like a mini feasibility study but you only have to calculate the rate of return Note: put...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate...
Imagine that you own (250,000$) and you want to invest it in your dream plan. estimate the initial cost and the annual cash flow details (operation and maintenance costs, raw material, salaries, overheads, profits …etc.).(draw the cash flow) Note: you don’t need to consume the 250,000$, any cheaper investments are fine. Any larger investment is allowable under loan consideration or suitable explanation. It’s like a mini feasibility study but you only have to calculate the rate of return Note: put...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT