You just inherited some money, $100,000 to be exact. Your great-great grandma willed this money to you,
Question:
You just inherited some money, $100,000 to be exact. Your great-great grandma willed this money to you, less than 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.
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.
Introduction to Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff rey F. Beatty, Susan S. Samuelson