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Unformatted text preview: collect cash on a daily basis and pay our expenses at the end of each month. All cash in the registers at the end of the day will be collected and deposited in our account the next morning. While at the bank, all checks will be cashed, along with any money charged on credit. Any purchases of materials will be paid for in advance. Employees will receive their salaries at the close of every work week. Break-Even Analysis In order to break-even, our company will have to make a minimum of $50,000 a month. Most of this will go towards purchasing supplies, which will cost around $30,000. The remainder will be used to pay expenses and salaries for the employees. This remainder will more than likely be 40% of sales. This will be divided equally as such; 20% for expenses; 20% for salaries....
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- Fall '10