ACC_302_Final_Project_Handout__V2

ACC_302_Final_Project_Handout__V2 - ACC 302 Final Project...

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ACC 302 Final Project 1 04/13/11 ACC 302 Final Project Project Orientation and Overview Every year at the state fair your parents have run a pretzel booth. Over the years you have experimented with new pretzel recipes, and many have been successfully incorporated into the selection of pretzels now offered each year at the state fair. Your parents are ready to retire and turn the business over in your name. You want to capitalize on your parents’ success and expand by offering pretzels at a store location. In order to expand, you will need to secure a bank loan to cover expansion costs and overhead. To consider your proposal, the banker will want to see a business plan, specifically a master budget. Your task for this final project is to prepare and present all the necessary documents so that you can ask for that loan. This task is broken down into four parts: Part 1: Mission Statement and Partial Business Plan, due at the end of Week Five Part 2: Budgets, Financial Statements, and Analysis, due at the end of Week Six Part 3: Complete Business Plan and Cover Letter, due at the end of Week Seven Part 3: Business Plan Presentation, due on Day 1 of Week Eight Part 1 – Mission Statement and Partial Business Plan, due Week Five Review the following chapters: o Chapter 18: The Changing Business Environment: A Manager’s Perspective o Chapter 19: Cost Concepts and Cost Allocation o Chapter 23: Cost Behavior Analysis Complete the Mission Statement Template Handout to record information about your pretzel company, its mission, and its featured product. Use the tables and information in Exhibit 1 on the next page to calculate the costs of running your business and to complete the short answer section of the Mission Statement Template Handout .
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ACC_302_Final_Project_Handout__V2 - ACC 302 Final Project...

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