busmanag_business_strategy_part4 and extra

busmanag_business_strategy_part4 and extra - Balance Sheet...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Balance Sheet Assets Current Assets Cash in Bank $150,000.00 Cash Value of Inventory $30,000.00 Prepaid Expenses (insurance) $20,000.00 Total Current Assets $200,000.00 Fixed Assets Machinery & Equipment $12,000.00 Furniture & Fixtures $5,000.00 Real Estate / Buildings $0.00 Total Fixed Assets $17,000.00 Total Assets $217,000.00 Liabilities & Net Worth Current Liabilities Accounts Payable $20,000.00 Taxes Payable $32,000.00 Notes Payable (due within 12 months) $0.00 Total Current Liabilities $52,000.00 Long-Term Liabilities Bank Loans Payable (greater than 12 months) $0.00 Less: Short-Term Portion $0.00 Total Long-Term Liabilities $0.00 Total Liabilities $52,000.00 Owners' Equity (Net Worth) $165,000.00 Total Liabilities & Net Worth $269,000.00 T RAINING E MPLOYEES What sort of training, if any, will your employees need once they are hired? How will you provide this training? Hint: Refer to the discussion of training in Chapter 10. Will you offer your employees on-the-job
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
training? Off-the-job training? Vestibule training? We will offer on-the-job training in order for the employees to learn the ins and outs of the company first hand. With the testing and research part of the company, the new employees would shadow the current testers and researchers in order to learn the tasks that they perform daily and to get involved with the team early as they will be working together as a group for this portion of the job. Also, the manufacturing jobs will employ on-the-job training as well because this is the only way that the employees can learn to operate the machines and learn the processes involved with the actual making the product.
Background image of page 2
PART 4 Principles of Marketing Target Market Describe your target market in terms of age, education level, income, and other demographic variables .
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 5

busmanag_business_strategy_part4 and extra - Balance Sheet...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online