Accounting

7
SFS company Flowe r Seed s Sun Members of the company: Pablo Augusto & David Garcia de Castro

Transcript of Accounting

SFS company

Flower SeedsSun

Members of the company: Pablo Augusto & David Garcia de Castro

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

Investment in Big Bags

€30

Total of Big Bags 30 Big Bags

Investment in Small Bags

€10

Total of Small Bags 28 Small Bags

8.Units we hope to sell

We hope to sell all the units

Projected Profit

Big Bags €60

Small Bags €26.96

Total €86.96