Using enjoy living company 1.What are your monthly sales? Provide supporting calculations for how you reached your sales figure, and assure the calculations are realistic. For example, you might expect 100 visitors to your store the first month, 150 the second (and so forth) and they will each spend an average of $20. For the year, that might total $100,000. 2.Pick your top five expenses. How have you determined your expenses? Be specific, and back up your assumptions with research. For example, if you will be renting, what are the going rates for rentals? How much will electricity and other utilities cost? What salaries will you pay and what perks will you give employees? What is your salary or intended draw from the company?
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Financial Projection – Sales
Its is anticipated that Enjoy Living will receive an average of 5 patients daily, which translate to 150 patients a month. For the service and products, each patient will be charged $1000 per visit. This means that the earning will averaging $150,000 per month; (150*$1000 = $150,000)(Johnson & Skjold, 2014). The general outlook of the industry showed that a starting company will receive 3 to 5 patients in the first month, but the number increases based on the marketing strategy adopted by the company. Therefore, in the second month, Enjoy Living anticipate to increase the number of patients to 10 per day. This means that the sales of the company will increase to $1000 per day and $300,000 per month. The first five leading expenses are salaries ($21,285.83), Rent ($60,000), outside service ($12,000), Repairs and Maintenance ($6,850), and Accounting and Legal (6,480). These expenses weredetermined based on the number of workforces the company will employ in the first month and the number of patients the company will receive per month as well as the facilities needed to provide high quality services(Johnson & Skjold, 2014). For example, the company will be renting three building each at $20,000. per month. Research showed that rent rates in midtown Manhattan, New York is averaging $1000 per…………………………………………………………………………………………………
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