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Amanda Has Recently Decided to Pursue Her Dream of Opening

Question 117

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Amanda has recently decided to pursue her dream of opening a small online store where she will sell her handmade jewelry. Amanda would eventually like to open a brick-and-mortar location, but she will need to save at least $2,000 in order to afford a place of her own. Her goal can be achieved over time by implementing a zero-based budget. Her monthly business expenses include the following: Supplies to make Jewelry, $100; Phone, $30; Domain for Website, $40; Internet Access, $80; and Shipping and Packaging Materials, $150; She projects that she will sell 100 pieces of Jewelry per month with an overall revenue of $1,000. Assuming these numbers remain consistent, use a zero-based budget to determine how many months will it take Amanda to achieve her savings goal of at least $2,000 so she can open her brick-and-mortar location?

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It will take Amanda 4 months to achieve ...

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