1.First watch the video, here’s the link :https://www.youtube.com/watch?v=NCL-kB7k30Q 2.You have to assume a small company or small business. 3.Once you’ve completed watching the video, list all...

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1.First watch the video, here’s the link :https://www.youtube.com/watch?v=NCL-kB7k30Q
2.You have to assume a small company or small business.
3.Once you’ve completed watching the video, list all the fixed expenses you might have for the business you identified.
4.Once you’ve identified your fixed expenses, put a dollar amount (per month) to each expense.
5.Based on the total amount of your fixed expenses, how much should your revenues be in order to make money.
6.Keep in mind that you do not know the cost of goods sold at this time, but you can assume that it will be 50% of your projected revenue.
7.How easy/difficult would it be to make a profit? Explain your thinking! Be specific!

Answered Same DayApr 28, 2022

Answer To: 1.First watch the video, here’s the link :https://www.youtube.com/watch?v=NCL-kB7k30Q 2.You have...

Rochak answered on Apr 28 2022
98 Votes
The company selected a “Service Company”
Fixed Costs
1. Rent
2. Salaries
3. Insurance
4. Intere
st Expenses
5. Depreciation
6. Accounting Fees
7. Legal Fees
8. Utilities
Expected amounts
    Fixed Costs
    Amount
    Rent
    $1,000
    Salaries
    $5,000
    Insurance
    $200
    Interest Expenses
    $800
    Depreciation
    $1,000
    Accounting Fees
    $200
    Legal Fees
    $100
    Utilities
    $150
    Total
    $8,450
Revenue
Cost of Goods Sold (Assumed) = 50%...
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