Entrepreneurial Small Business 4th Edition by Jerome Katz ,Richard Green

Exercise 6

Either by yourself or in a group of your fellow students, select a business that you could reasonably expect to be able to start and run right now. (This could be as simple as a T-shirt company.) Using the techniques learned in exercises 2 and 3, above, develop a set of estimates of (1) sales, (2) variable cost of product or service and (3) the amount of other costs (rent, electricity, transportation, etc…) that you would expect to incur. Using these estimates, create a set of budget schedules through the schedule of Cost Of Goods Manufactured And Sold.