act 102.docx - ACT102 Name Samiul Mahmud Student ID 308651 Introduction to Accounting ACT 102 Nowadays it has been seen that the demand of food store is

act 102.docx - ACT102 Name Samiul Mahmud Student ID 308651...

This preview shows page 1 - 3 out of 8 pages.

ACT102 Name: Samiul Mahmud Student ID: 308651 Introduction to Accounting ACT 102 Nowadays, it has been seen that the demand of food store is increasing dramatically. In developed country most of the time people like to eat food outside. A multi food eatery is
Image of page 1
proposed to be begun in Sydney, a multicultural city. Eatery business offers a scope of administrations to a socially expanded client base. Being a multi cooking eatery, the eatery will have the capacity to provide food the expanded customer base with the diverse culture sustenance. This eatery will likewise fuse a bar in it. Boasted chicken, pot meal, steaks and pork slashes along with great ground sirloin sandwiches, wraps and liberal servings of mixed greens are all on the menu. It will offer strength determinations including a lighter choices and littler segments for the kid’s menu. To start the business, I need to rent a 3,500 square foot space situated at West Field Shopping Centre, a current retail focus situated in Hurstville, a suburb in Sydney, New South wales. The site was already rented as a Chinese Restaurant. Although the area was before and used as an eatery, the previous inhabitant expelled most of the furniture, installations and gear which should be supplanted. The area will likewise require some extra remodel to refresh the toilets and increment table space in the eating zone. The style will include wood emphasized seats with blue and white checked table materials. Supper style tables will be encompassed by wooden seats with open to seating pads. However, the Mission is to give a remarkable and unwinding feasting knowledge – like eating at home. We will endeavour to accomplish this objective firstly by giving menu things joining quality fixings at sensible costs, and secondly, we will be aware of the prosperity of our clients and staff and finally treating each and everybody with poise and regard – simply like they would at their own house(Anon, 1948). The legal form of this ownership will be organized as a sole proprietorship wholly owned by me. The cost to open the eatery is $360,000. Most of the costs are in furniture apparatuses and hardware absolutely $115,000. The area requires some form out and remodel absolutely $60,000 and will require roughly 30 days to finish. I will sub-get the work myself. $185,000 of the start-up expenses will be financed by the proprietors. The proprietor's wellspring of assets is a blend of fluid resources and attractive securities, basically from their current providing food business. Though, it has some disadvantages but the reason behind setting up sole proprietorship business is that I am the only boss, I can keep all the profits, start-up cost is relatively lower than other business, I can have most extreme security, it is easy to change my legitimate structure later if conditions change and I can easily breeze up my business.
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 8 pages?

  • Three '17
  • maria

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors