Accounting
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Transcript of Accounting
2.Description of the product
We’ve decided to sell sunflower seeds. The product would be in small bags, each bag will have a determine price, and there will bags of different sizes. Two main sizes: small and big:
-We’ve thought that we would buy the sunflowers from Spain. Due to in Spain they are quite cheap, and they’re very popular. In the beginning we would buy bags of 3 different flavours.
3.Choosing of the product
We’ve choose this product because it would be something new for the Irish people, as Irish people aren’t used to consume this product. That’s why we believe it would have a good demand.
4.The Capital
We are going to start-up with our own money, we have some money save. As well our parents are going to invest in our company. If everything works the way is meant to be we will give our parents their money back.
5.Costs
-The investment cost will be €40, each partner will
invest a 50% of the investment, €10 each
partner.
-Our parents will invest €20 in the company.
-The wages will be distributed between the two partners each one a 50%, due to the fact that each one will invest the same amount of money.
-For the adversity we will invest 5€ for the printing of an advertising poster from the company
6. Cost of the Units
-In our company we will sell two sizes of bags of
sunflower seeds.Small bag:
• Price in Spain: 35cent
• Our price:€1.05
Big bag:
• Price in Spain: €1
•Our price: €2
Price in Spain
Big Bag €1
Small Bag €0.35
Our Price
Big Bag €2
Small Bag €1.05
We think this is a very reasonable price due to the transfer from Spain to Ireland and because we wish to get a acceptable income.
7.Selling Price