StartUpCostProjections1.xlsxRubricforFinalProject Managerial_Accounting_Final_Project
Sheet1
| Business | Yearly Total | Monthly Breakdown | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Set up | Annual Filings for the 7 | $ 755. | 0 | Plus the new one | $ 62.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bus License for DG & SOE | $ 153.12 | Estimate | $ 12.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital One Bus Credit Card | $ – 0 | zero balance will use for expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Legal Shield | $ 437.88 | A Year $36.49 per month | $ 36.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| USPS | $ 129.99 | PO Box Annually | $ 10.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DG PO Box | $ 155.88 | Daniels Garden P O Box $12.91 | a month | $ 12.91 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| QuickBooks Subscription | $ 960.00 | $80.00 a month for 5 Years | $ 80.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bookeeper | $ 2,400.00 | $200.00 a month | $ 200.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accountant Fee | $ 400.00 | One Time for Taxes | $ 33.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shopify Per Month | $ 360.00 | 30 a month | $ 30.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RealFlow Per Month | $ 1,188.00 | 99 a month | $ 99.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Link Now Per Month | $ 348.00 | 29.95 a month | $ 29.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Visita Print Per Month | $ 216.00 | 18.00 a month | $ 18.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bark Leads | 49.50 -168.30 based on responses | $ 14.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Caterease Software | $ 364.00 | Annual Plan | $ 30.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DropBox Fee | $ 138.00 | $ 11.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Coworking or Office Space | $ 3,000.00 | $250 a month | $ 250.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Storage Cost | $ 3,075.36 | $256.28 a month | $ 256.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Word Press | $ 99.99 | a year | $ 8.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Adobe Export | $ 23.88 | $ 1.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Adobe Stock | $ 29.99 | $ 2.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Adobe Illustrator CC | a month ( 251.88 a year) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Canva | $ 155.40 | $ 12.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Grammerly | $ 139.95 | $ 11.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RealFlow | $ 594.00 | $99.00 a month (Real Estate) 6 months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Microsoft Office 365 | 9/11/2019 renewal date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fiverr /Graphics & Visita Print & Jax Color | $ 2,000.00 | $ 166.60 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Mail Chimp | Forever free 0 cost plan up to 12,000 emails and 2,000 subscribers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| HP Printer Ink Monthly Renewal | $ 119.88 | $9.99 a month Billed every month for ink printing if less than 300 sheets | $ 9.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vendor Fees | $ 1,500.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Conference Fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Travel (Hotel, Gas, Air) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Hardware | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Supplies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Conference Line | $ 180.00 | Varies based on mins. Used | $ 15.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| IT Support | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Special Projects (Books, Songs,Patents) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Biz Plan | For up to 5 companies $279.99 ( $129.99 for one) | $ 279.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total: | $ 17,774.30 | $ 3,026.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Salaries | Full Time @ $10.00 an hour | $ 1,600.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Part-Time @ $10.00 an hour | $ 800.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total 9 months | $ 21,600.00 | for 9 months | $ 3,826.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total 12 months | $ 28,800.00 | for 12 months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bus+ Sal | $ 61,228.60 | used 9 month salary |
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Business Plan =
15
.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Describe
components
of the
selected
Description of
selected business
is not provided
Description
of selected
business is
provided,
Description
of selected
business is
adequately
Description of
selected
business is
adequately
1
5
Project Rubric▼
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MBA610 Managerial Accounting
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business
plan,
including
information
on the
market,
location,
competition,
profitability,
and
decision-
making
but the
information
is
incomplete
or
irrelevant
provided,
and the
information
is
complete
and
relevant
provided, and
the
information is
complete,
relevant, and
supported by
substantial
detail
Cost Analysis = 15.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Perform a
startup cost
analysis to
examine
items
related to
the cost for
starting the
business
Analysis is not
provided
Analysis is
provided
but lacks
detail or
contains
inaccurate
information
Analysis is
provided;
goes into
detail
about
costs with
adequate
detail with
information
that is
complete
and
accurate
Analysis is
provided; goes
into detail
about costs
with
substantial
detail with
information
that is
complete,
accurate, and
logically
connected
15
Cost/Benefit Analysis = 15.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Perform a
cost/benefit
analysis that
examines
advantages
and
disadvantages
of the
business
through a
SWOT
analysis
Analysis is not
provided
Analysis is
partially
provided
but lacks
supporting
detail or
contains
inaccurate
information
Analysis is
adequately
provided
and
contains
supporting
detail and
accurate
information
Analysis is
substantially
provided and
contains
thoughtful
detail and
accurate and
logically
connected
information
15
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Breakeven Analysis = 10.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Perform a
breakeven
analysis to
look at how
much
revenue is
needed to
cover basic
operational
costs
Analysis is not
provided
Analysis is
partially
provided;
does not
contain a
graph
showing
findings or
the
calculations
contain
errors
Analysis is
adequately
provided;
contains a
complete
graph
showing
findings
and
calculations
with no
errors
Analysis is
substantially
provided;
contains a
complete
graph showing
detailed
findings and
calculations
with no errors
10
Cost-Volume-Profit Analysis = 10.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Perform a
cost-
volume-
profit
analysis
with at
least 2
outside
factors to
see how the
breakeven
point will
change
Analysis is not
provided
Analysis is
partially
provided;
does not
contain a
graph
showing
findings or
the
calculations
contain
errors
Analysis is
adequately
provided;
contains
outside
factors, a
complete
graph
showing
findings,
and
calculations
with no
errors
Analysis is
substantially
provided;
contains well-
described
outside
factors, a
complete
graph showing
detailed
findings, and
calculations
with no errors
10
Financial Statements = 15.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Create pro-
forma
financial
Pro-forma
financial
statements are
Pro-forma
financial
statements
Pro-forma
financial
statements
Pro-forma
financial
statements are
15
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statements,
showing
income
statement,
statement
of cash
flows, and
balance
sheet, and
project out
for 3 years
not provided are
partially
provided
or contain
inaccurate
information
are
adequately
provided
with
accurate
and
relevant
information
substantially
provided with
accurate,
relevant, and
logically
connected
information
Summary = 10.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Summarize
findings
and
possible
outcomes
derived
from the
analyses
performed
Summary is not
provided
Summary
is partially
provided
but
contains
explanation
that does
not
logically
connect to
the
analyses
performed
Summary
is
adequately
provided
and
contains
explanation
that
logically
connects
to the
analyses
performed
Summary is
provided with
detailed
examples and
contains
explanation
that logically
connects to
the analyses
performed
10
Articulation, APA Format, & Referencing = 10.0%
EVALUATION
ITEM
UNSATISFACTORY
0 – 69% 70 – 79% 80 – 89%
OUTSTANDING
90 – 100% POINTS
Articulation There are multiple
writing convention
errors that
severely impede
comprehension of
the work
There are
multiple writing
convention
errors that
somewhat limit
comprehension
of the work
There are
some writing
convention
errors, but they
do not impede
comprehension
of the work
There are no
detectable
writing
convention
errors
5
APA format
and
referencing
No attempt to cite
resources in APA
format is evident
The source
citations have
multiple APA
formatting
errors
The source
citations have
some APA
formatting
errors
Either the
source
citations
follow APA
formatting
5
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guidelines with
no detectable
errors, or no
source citation
was required
for this
submission
Final Project
Managerial Accounting
© 2015. Any unauthorized reproduction or distribution of this material is prohibited without
express written permission. Students are expected to maintain the integrity of the assignment by
refraining from reproducing or posting the assignment or their completed work where it can be
viewed by current or future students.
COURSE OBJECTIVES
Upon successful completion of this course, the student will be able to:
1. Evaluate how managerial accounting relates to business
decision-making
2. Apply cost estimation, analysis, and planning techniques for an organization
3. Assess budgets and financial documents in organizational planning, controlling, and
decision-making
BACKGROUND INFORM ATI ON
In today’s economy, businesses are forced to make financial decisions that can have a direct
impact on operations and the ability to successfully compete in the marketplace. This is why it is
imperative for a business to prepare certain forms for analysis, especially in managerial
accounting.
PROJECT INSTRUCTIONS
For this project, you will create the accounting portions of a business plan using an assortment
of tools presented in the course. You will select a business that is of interest to you or that you
would like to start. You may use an existing business as long as you concisely discuss its
founding process. Your paper should be in APA format and include at least one quality
reference (suggested length: 10-15 pages).
Note: Wikipedia, blogs, and social media do not qualify as academic resources.
To start, write 1-2 pages that describe:
Why you selected this business
Some basic information about the business’s market, location, and competition
Why you think this business would be profitable
How your financial decisions will affect the business
After this introductory portion, you will create the financial plan. Requirements for your final
project are as follows:
1. Startup Cost Analysis
In this section, you will include a detailed list of how much it will cost to start the
business. This should include most, if not all, of the following: cost of property, buildings,
Final Project
Managerial Accounting
© 2015. Any unauthorized reproduction or distribution of this material is prohibited without
express written permission. Students are expected to maintain the integrity of the assignment by
refraining from reproducing or posting the assignment or their completed work where it can be
viewed by current or future students.
machinery, equipment, planning, legal fees, consulting fees, and one year of operational
costs.
2. Cost/Benefit Analysis
In this section, you will perform an analysis of the advantages and disadvantages of the
business. Determine if your business is a sound investment decision
(justification/feasibility) by conducting a SWOT analysis, and compare the total expected
cost (disadvantages) of each against the total expected benefits (advantages) to see
whether the benefits outweigh the costs and by how much.
3. Breakeven Analysis
In this section, you will perform a basic breakeven analysis. Estimate basic variable and
fixed costs that will accrue in operations, and then compare this to how much revenue
(units that need to be sold) is needed to cover these costs. This should include your
basic operational costs (e.g. salaries, rent, utilities, product costs, etc.). Be sure to
include calculations and a graph showing your breakeven analysis.
4. Cost-Volume-Profit (CVP) Analysis
In this section, you will perform a CVP analysis and investigate the outside factors that
may influence your breakeven point. Identify 2-4 qualitative factors that can vary
between your base case (the breakeven analysis) and changes to this base case. You
also need to weigh the pros/cons of each of the outside factors. These outside factors
can include changes of location, changes in competition, or changes in outside market
factors (e.g. stock market, oil prices, commodities, or anything that can affect revenue
for your business). Be sure to include calculations and graphs for CVP analysis.
5. Pro-Forma Financial Statements
In this section, you will create pro-forma financial statements in which you will estimate
the financial operations of your business. This will include a pro-forma income
statement, pro-forma statement of cash flows, and a pro-forma balance sheet. For each
of these, project out for three years (all three years can be listed on one statement).
Although these values are estimations, they can help predict how successful the
business will be.
6. Discussion
Based on the results of your analyses, discuss whether the business will be as profitable
as you first expected. Briefly explain why (or why not) and what can be done to improve
the possible outcome.
Final Project
Managerial Accounting
© 2015. Any unauthorized reproduction or distribution of this material is prohibited without
express written permission. Students are expected to maintain the integrity of the assignment by
refraining from reproducing or posting the assignment or their completed work where it can be
viewed by current or future students.
PROJECT SUBMISSION
1. A title page is not required for project submissions. Because evaluators do not see student
names when reviewing student work, it is important that students not include any personal
identifiers in their project submissions.
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like www.youtube.com, www.photobucket.com, or another free web hosting site. The
following website maintains a list of video hosting sites: http://www.videohostings.com. In
the written materials that you submit as part of the assignment, you should include the title
of the video and a link for the evaluator to use to grade your submission. Please make sure
that the privacy settings on your video are set to allow third parties to view it.
3. When you are ready, click on the Upload Files button in the Project tab of your course to
submit your assignment. Your project should be graded within 7 days. Please contact your
instructor if this is not the case.
4. Your assignment will not be returned to you, so keep a copy for your files.
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Formatting
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