Research the different methods of business decision making. Present the best method you have found. Develop a business financial problem and use the method you have chosen to analyze your dilemma and come up with a solution based on the method you chose to implement. Present your problem to your classmates on the Discussion Board, how you worked through the issue, and the conclusion you reached. Make sure to show all of the steps and calculations you have used to make your decision. Provide two replies to other student posts. These replies should be at least 2-3 sentences and should be written to further the discussion. The Discussion Board is where you post your responses to the Discussion topics and share your experiences in completing exercises and applying the concepts of this course. You will need to post an initial response that thoroughly covers the topic(s). You will also need to respond substantially to at least two of your classmates’ posts.
These replies should be at least 2-3 sentences that further the discussion (remark on something specific from the post, tactfully point out mistakes, ask questions about the post, etc.). You should post throughout the unit to get assistance on problems with which you may be having issues. This will also to give your classmates the opportunity to respond to your ideas. Unit 10 focuses on using financial methods and statistical data to inform alternative selection within business decisions. For this Assignment you will create a PowerPoint® presentation based on your “purchase” of a restaurant. The following information is to be used to create this presentation. Your presentation is required to have at least one reference from a reliable source. This means that you cannot use sites like Wikipedia, Ask.com®, and Yahoo® answers and that only references from reliable sources will earn points. All resources should be cited both as an in-text citation as well as being listed on a reference slide in APA format.
All Assignments are due by Tuesday at 11:59 PM ET of the assigned unit. You have always wanted to own a restaurant and have now decided to go into business, purchase a building, and open an Italian Bistro. The items listed below provide information regarding the purchases you will need to make to start your business. 500 each for 6 tops. 35 each. You need to purchase three times the number of planned seats for turn-around and breakage. 6.86 for the Italian restaurants in your area. The research also suggests that tables are turned over for new customers between 13 and 21 times a day in your area, and that restaurants have between 40% and 60% occupancy fill rate each day. You mission is to create a financial business plan explaining the initial outlay of funds this business venture will cost. Create a PowerPoint Presentation for this business venture. The following is an outline of how your slides should be presented. Slide 1: This is your title page.Include your name, project title, the course and section number and the assignment due date. Slide 2: This slide is your introduction slide.
This slide should summarize your new business venture, describe your restaurant concept (i.e. casual dining, bight atmosphere, etc.) and provide other helpful information. For example, restaurant name, what types of appetizers, salads, soups, entrees, beer and wine availability, and desserts you might serve, and hours of operation. Highlight what makes you restaurant special. Slide 3: This is your building and real estate summary slide. This slide should include a small picture or building plan drawing of the building, and summarize the purchase price, down payment, and amount financed. The picture of the building can be obtained from a real estate website, or from a building plan drawing available on the Internet (be sure to cite this). This slide should also list the annual tax and insurance amounts. It should also include the monthly mortgage payment including principal, interest, taxes and insurance (PITI). The slide notes (section below the slide in PowerPoint) should contain the steps you took to calculate the monthly mortgage payment.
Slide 4 to 6: These slides should include your start up expenses. On these slides you would list the cost of purchasing all of the items listed in items 3, 4, 5 above (tables, place setting, kitchen equipment, etc.). Here you can have fun and include pictures of items, or include graphs of the cost. Be sure to list the total start up expense required to open the restaurant somewhere. Slide 7: This is your revenue slide. Create revenues and food costs from your first 6 days of serving food. Present the average receipt total per person, the average cost per meal, number of times a table is sat or turned over, and fill rate or occupancy rate to estimate your restaurants revenues. This is another place where a graph could help illustrate your revenue potential. Slide 8: Conclude your presentation with the “wrap up” of the concept and any final thoughts you might want to include. Slide 9: List any resources you have used for this project.