< Project Spring 2022 Calibri (Body) 11 Home Insert Draw BI U SO fx A B C 1 2 3 D E You inherited $150,000 from your grandparents' life insurance. Your grandparents and you shared a dream of someday starting a family business. Now that you are a management student and you have the money, you feel the time to start the business is now! G H 4 5 10 6 7 1 Decided on a business - preferably Retail or Service 2 Decided which expenses are fixed and what expenses are variable 8 3 Complete the Fixed Expense Sheet (next sheet) 9 10 11 12 13 4 Complete the CM (Contribution Margin sheet 5 Calculate break-even (BE Sheet) 6 Prepare a budget - at the break-even level. 7 The budget must included the following items 8 Sales Budget 14 9 Capital Equipment Budget 15 10 Human Resources Budget 16 11 Income statement 17 18 12 Statement of Owners Equity (you do not need to invest the entire $150,000) 13 Accounts Receivable Schedule 19 14 Accounts Payable Schedule 20 15 Cash Flow 21 16 Balance sheet 22 23 24 17 Recalculate the budget for a profit of $50,000 - your Owners Withdrawal If you decided to start a manufacturing company, please see me. 25 26 27 28 29 30 31 32 33 21 Instructions Fixed Expenses CM BE Capital Equip