Question: This is a paper but no need to write it in paper form. if you can just come up with the solutions according to the
This is a paper but no need to write it in paper form. if you can just come up with the solutions according to the scenario,that woud be great. Just need the accouting done for me as I am not quite sure how to approach this.
Starting Your Own Taco Stand
Objective
The objective of this project is to offer you the opportunity to apply the concepts that you have learned in your managerial accounting class. You will select a simple product/service and develop a brief feasibility analysis. The analysis at a minimum will include a costing analysis, daily/weekly/monthly budgets for 1 year, a break-even analysis, and a ROI and Net Present Value calculation .
The Scenario
You just inherited some money, $100,000 to be exact. Your great-great grandma willed this money to you, under one condition in her lifetime she was a very successful entrepreneur that you may only use the money to start your own small business. Also, the only money you can keep is the net profit you make from your venture. In other words you may not keep any of the initial $100,000 she willed to you. Rather, after a maximum of 3-5 years, you must donate the $100,000 to a charity of your choice.
Industry/Market Information (description)
Customer Information (description of your target customer population)
Competitor Information (description of your current and potential competitors)
Product/Service Information (description of your service/product)
Sections 3-6: Technical Analysis [20 Points]
Section 3*: Cost Analysis (variable and fixed costs, per unit cost, based on your estimated production per month or year).
Section 4*: Budgets (monthly budget for 1 year, then 2-4 yearly budgets)
Section 5*: Break-Even Analysis
Section 6*: Financial Analysis (ROI/NPV) for 1-3 years (budgeted income statement and/or balance sheet)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
