Introduction To Accounting And Finance Assignment Homework Help
- October 3, 2017
- Posted by:
- Category: Accounting QA
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NEW HAIR CARE PRODUCT
SCENARIO:
You have developed a new hair care product, which you believe could revolutionise the hair care market.
Following on from the Dragon’s Den success of Levi Root’s Reggae Reggae Sauce – (search the internet if you are unfamiliar with this story), you have decided to make a pitch to a small group of potential investors.
You know that any potential investor will expect you to have a good knowledge of how much your product will cost to produce and also of the expected level of sales and profit your product is predicted to make.
REQUIRED
1.Prepare a marginal costing cost statement for your product on a ‘per unit’ and 12 months sales/production basis.
2.Produce the following financial documents for the first 12 months of trading:
a.Cash Budget(month by month)
b.Forecast Income Statement(for the year)
c.Forecast Balance Sheet(for the year)
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3.Write a 1,000 word ‘pitch’ explaining the costing and financial data from tasks 1 and 2 above, to your potential investors.
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