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In this assignment I am opening a tuck shop in the school grounds and outside of the normal school system. I decided to open a tuck shop because there was no there was no tuck shop in the school grounds so there was a market opportunity.

Extracts from this document...

Introduction

In this assignment I am opening a tuck shop in the school grounds and outside of the normal school system. I decided to open a tuck shop because there was no there was no tuck shop in the school grounds so there was a market opportunity. In this assignment I have to find out different types of cost before we open the tuck shop. I will carry out primary research by making and using questionnaire. I will be carrying a questionnaire so we can find out what customers want so we can get exactly what most customers want and satisfy their needs. I will go to different sweetshops which surround Langdon School and find out how much they sell their goods for. So I will reduce the price slightly so the customer will come to my tuck shop because of the price. Business plan Business name: SNACK BAR Business address: Langdon School, Sussex road East Ham London E6 Tel: 020 8471 2411 Name: Vipan Lal Owner: There will be only one person working in the tuck shop which will be me. And I will be a sole trader. Business Activity: In my business activity I will be selling the goods to my customers. Aims and Objective: My long-term aim is to be successful in the future and to be here for a very long time making profit. My Objective is to buy more and more different types of snacks so the customers will have more variety to choose from and at a reasonable price so the customer will keep on coming to this tuck shop. I have done market research a questionnaire. I have done a questionnaire because I wanted to find out what the customers want in the tuck shop so I can get exactly what most customers want and provide it in my tuck shop. I have to make a table telling me what do I need for my start up cost and running cost before I open my Tuck shop. ...read more.

Middle

Crisps = 15p Drinks = 20p Chocolates = 17p Total = 52p Average cost = 52p/3 = 17.3333p (rounded to 18p) Revenue (selling price) Crisps = 45p Drinks = 70p Chocolates = 40p Total = �1.55 Average cost = 155p/3 = 51.333p (rounded to 51p) To work out my Break even I need to use a formula which is: Fixed cost Selling price - Variable cost �2160.60 �2160.60 = = 6354 customer to break even 51p- 17p 34p This Table here will allow me to make a first break even Chart. fix cost Variable costs (p) Sales Revenue (p) total cost 0 2160.6 0 0 2160.6 2000 2160.6 340 1020 2500.6 4000 2160.6 680 2040 2840.6 6000 2160.6 1020 3060 3180.6 8000 2160.6 1360 4080 3520.6 10000 2160.6 1700 5100 3860.6 12000 2160.6 2040 6120 4200.6 14000 2160.6 2380 7140 4540.6 16000 2160.6 2720 8160 4880.6 18000 2160.6 3060 9180 5220.6 20000 2160.6 3400 10200 5560.6 Break even Working out stage #3 Fixed costs Rent = �2500 per anum Bills = �300 per anum Total fixed cost = �2800 anum Variable costs Stock (crisp, dinks, and chocolates) Crisps = 15p Drinks = 20p Chocolates = 17p Total variable cost = 52p Average cost = 52p/3 = 17.3333p (rounded to 17p) Revenue (selling price) Crisps = 35p Drinks = 45 Chocolates = 30p Total revenue = �1.10 Average cost = 110p/3 = 36.666p (rounded to 37p) To work out my Break even I need to use a formula which is: Fixed cost Selling price - Variable cost �2800 �2800 = = 14000 customer to break even 37p- 17p 20p Break even Working out stage #4 Fixed costs Rent = �1000 per anum Bills = �200 per anum Total fixed cost = �1200 anum Variable costs Stock (crisp, dinks, and chocolates) Crisps = 15p Drinks = 20p Chocolates = 17p Total variable cost = 52p Average cost = 52p/3 = 17.3333p (rounded to 17p) ...read more.

Conclusion

On some software packages it is impossible to cancel a wrong entry - the entry must be adjusted by making an opposite entry. This is required for the audit report which you should think of as a type of security check on all the entries that have been made. * The computer allocates every customer with a number. This is useful if there are a few regular customers, but may be inconvenient if there are thousands of casual customers. * Staff using a computer system may fail to check their work. For instance, someone might key in 230 units instead of 23, and not notice. They assume it will be correct! * It is easy to miss-key or transposes figures. The computer will simply accept the information on most systems - and process it. * Printing out very large numbers of documents, e.g. invoices, can tie up a printer for several hours, causing inconvenience to other users who share it. SNACK BAR Langdon School, Sussex road East Ham London E6 PURCHASE ORDER TO O VAT Registration Number 2924781 CHETAN WHOLESALERS LTD 47/49 RIVER ROAD BARKING ESSEX IG11 0DA TEL: 020 8594 8985/8907/1812 FAX: 020 8594 7335 INVOICE To CHETAN WHOLESALERS LTD 47/49 RIVER ROAD BARKING ESSEX IG11 0DA TEL: 020 8594 8985/8907/1812 FAX: 020 8594 7335 DELIVERY NOTE To Received By Date SNACK BAR GOODS RECEIVED NOTE Name and Address of Supplier Received by .................................... Date ........................ CHETAN WHOLESALERS LTD 47/49 RIVER ROAD BARKING ESSEX IG11 0DA TEL: 020 8594 8985/8907/1812 FAX: 020 8594 7335 CREDIT NOTE TO Reason for Credit SANCK BAR Tel: 020 8471 2411 E-Mail: v.lal@talk21.com Langdon School, Sussex road East Ham London E6 REMITTANCE ADIVCE To: CHETAN WHOLESALERS LTD 47/49 RIVER ROAD BARKING ESSEX IG11 0DA TEL: 020 8594 8985/8907/1812 FAX: 020 8594 7335 STATEMENT OF ACCOUNT To: CHETAN WHOLESALERS LTD 47/49 RIVER ROAD BARKING ESSEX IG11 0DA TEL: 020 8594 8985/8907/1812 FAX: 020 8594 7335 RECEIPT Customer: PETTY CASH VOUCHER Cheque GNVQ Unit 3: Business Finance Vipan Lal ...read more.

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