Cost-Benefit Analysis Using QuickBooks (or Equivalent Tool) - CLO 6

Instructions:

Introduction to QuickBooks (or an alternative tool like Wave, FreshBooks, Excel)

Watch a tutorial on tracking business costs.

• Learn how to categorize fixed and variable costs.

Hands-on Practice:

Enter a hypothetical business scenario (e.g., opening a coffee shop) into QuickBooks (or an alternative tool).

• Record startup costs, ongoing expenses, and project profitability.

Write-Up:

Compare fixed vs. variable costs in the scenario.

• Explain how cost structures impact pricing decisions.
• Reflect on how automation tools aid managerial decision-making.