Depreciation of truck is at 10% straight line method 2.50 vending machines were purchased 3. The selling price and the purchase prices do not change over the five years 4. On the third year we replaced 10 vending machines that were vandalized 5. The purchase price for meals, snacks and drinks are 4$, 0.75$ and 0.75$ respectively 6. The selling price for meals, snacks and drinks are 5$, 1$ and 1$ respectively 7. After every 6 months we increased purchases by half of the previous period up to the third year. For the fourth year and fifth year, the purchases were 400 units, 2000 units and 2000 units per month for meals, snacks and drinks respectively. 8. On the beginning of the fourth year were acquired a new truck for delivery. It is to be depreciated at 10% straight line method. A detailed description on how to plan the startup requirements I conducted an analysis of the places to start the business. This are places where people require fast foods and drinks. I located ten sites and for each site five vendor machines are to be placed. The starting capital of the business is 300k, 100 from the team and 200 from outsiders. This amount is to be distributed equally among assets, labor, and maintenances among other expenses. Vending machine being the most important asset is the first to be purchased. A vendor machine cost 200 and purchases for fifty machines were made and distributed at each location. Products provide are; meals, drinks and snacks at each vendor. As I begin, drinks are bought at four dollars and sold at five dollars realizing a profit of a dollar per drink. Meals are bought at .75 and sold at a dollar similarly to snacks realizing a profit of a .25 dollar per meal and snack. The units per the product served rise at a half percent in semiannual basis during the five year period. After every 6 months we increased purchases by half of the previous period up to the third year. For the fourth year and fifth year, the purchases were 400 units, 2000 units and 2000 units per month for meals, snacks and drinks respectively. This help account for business growth and development of the business. At the starting periods many variable assets are inclusive thus the reason of lower starting stock, as progress is made profits are realized within the period thus on the third year we replaced 10 vending machines that were vandalized. CASHFLOW STATEMENT YR 1 Sources of fund Equity 100 Investors 200 Capital available 300 Sales 2205 Reserves 180 Expenditures Vending machines 100 Truck 10 CCTV cameras 10 Purchases 1725 Balance sheet after year 5 NON-CURRENT ASSETS Vending machine (50 units) 100 Truck (2 units) 20 Less depreciation 7 13 CCTV for security (50 units) 10 CURRENT ASSETS Bank Cash Stock 45 FINANCED BY Equity 100 Investors 200 Net profit 2901.063 Break analysis chart At the breakeven point revenue=expenditure References Williams Jade (2008). Finance and accounting. Stanford publishers, Canada Hilliard, V. E. (2007). Financial accounting 8th edition. Oxford
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5 pages (1250 words)Assignment
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