Scribd Logo
Upload

Welcome to Scribd!

  • Homework "Getting Started in Business"

    Uploaded by

    Walter Sáez
    6 views3 pages
    The document outlines a business plan to sell bicycles with a startup capital need of $8,000. It details fixed costs like rent and advertising, variable costs like materials and labor. The selling price per bicycle will be $120. The plan is to work 8 hours daily and generate a profit of $800 based on selling 200 bicycles at a cost of $100 each.

    Original Description:

    Trabajo de Ingles

    Original Title

    Trabajo de Ingles

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document outlines a business plan to sell bicycles with a startup capital need of $8,000. It details fixed costs like rent and advertising, variable costs like materials and labor. The selling price per bicycle will be $120. The plan is to work 8 hours daily and generate a profit of $800 based on selling 200 bicycles at a cost of $100 each.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views3 pages

    Homework "Getting Started in Business"

    Uploaded by

    Walter Sáez
    The document outlines a business plan to sell bicycles with a startup capital need of $8,000. It details fixed costs like rent and advertising, variable costs like materials and labor. The selling price per bicycle will be $120. The plan is to work 8 hours daily and generate a profit of $800 based on selling 200 bicycles at a cost of $100 each.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Homework

    Getting Started in
    Business

    Question
    1. What service will sell?
    In our service bicycles are sold.
    2. How much capital is needed to start?
    Our business will need $ 8,000.
    3. What are the fixed and variable costs?
    Fixed cost
    Remuneration
    Lease
    Advertising
    Marketing costs
    Administrative expenses

    Variable cost
    Common expenses
    Commission sales
    Raw material
    Manpower
    Indirect manufacturing costs (CIF)

    4. What price will change?


    Our selling price will be $ 120 each unit.
    5. How many hours of work will cover your plan?
    Our working hours are: 8 hours daily.
    6. How much profit will you do?
    Our profit will be: $ 800

    7. Write a profit and loss account to show your plan.

    Company

    "Ghosts"

    Revenue

    200 (units) x 120

    24,000

    Cost

    200 (Units) x100

    20,000

    Profit before tax

    4,000

    Tax (20%)

    3,200

    Profit after tax

    800

    You might also like