Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Chapter 14, Problem 14.14A
Summary Introduction
To determine: The sources where a company can acquire the skills which it needs for its IS development and implementation and also include the anticipated cost of developing an information system in the company’s financial plan.
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Assuming you are already working and earning money for your self how would you spend your hand earned money? In your answer sheet indicate how many percent of your income you would allocate for each of the following.
Plan for potential investors for 39 Storage
https://www.39storage.com/ (This Company)
Cover these points below
Identify the problem to be solved.
Introduce your solution to the problem.
Discuss your beginning traction for getting sales.
Identify the target market.
Explain the costs of acquiring customers in your target market.
Communicate the value proposition relative to competitors.
Describe the basics of the revenue model.
Provide financial projections, along with the assumptions.
Sell the team.
Identify your funding needs, and explain the use of the funds (the investment price must be stated)
Describe possible exit strategies—how the investors may be able to cash out.
End on a high note—remind investors why your product/service/team is so great.
With the success of your business, you are ready to establish a storefront. However, you do not have the necessary funds to acquire the building and pay the necessary rent. You are considering borrowing a short-term note from a bank for $130,000.
Required part B.
Research the lending practices of a local bank.
Determine the interest rate charged for a $130,000 loan.
What collateral does the bank require to secure the loan?
Determine your overall payback amount if you were to repay the loan in less than one year. Choose either a payback with periodic payments or all at the end of the loan term and compare the outcomes.
After conducting your research, would you consider borrowing the money?
What positive and negative outcomes accompany borrowing the money?
Instead of borrowing on a short-term note, you are thinking on borrowing $130,000 and signed a 5-year, note payable with a 12% interest rate. Each annual payment is in the amount of $34,920 and payment is due each Dec. 31. What is…
Chapter 14 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 14 - Prob. 14.1QRCh. 14 - Prob. 14.2QRCh. 14 - Prob. 14.3QRCh. 14 - Prob. 14.4QRCh. 14 - Prob. 14.5QRCh. 14 - Prob. 14.6QACh. 14 - Prob. 14.7QACh. 14 - Prob. 14.8QACh. 14 - Prob. 14.9AECh. 14 - Prob. 14.10AE
Ch. 14 - Prob. 14.11ACh. 14 - Prob. 14.12ACh. 14 - Prob. 14.13ACh. 14 - Prob. 14.14ACh. 14 - Prob. 14.15ACh. 14 - Prob. 14.16TECh. 14 - Prob. 14.17TECh. 14 - Prob. 14.18TECh. 14 - Prob. 14.19TECh. 14 - Prob. 14.20TECh. 14 - Prob. 14.21EECh. 14 - Prob. 14.22EECh. 14 - Prob. 14.23EECh. 14 - Prob. 14.24CCh. 14 - Prob. 14.25CCh. 14 - Prob. 14.26CCh. 14 - Prob. 14.27CCh. 14 - Prob. 14.28CCh. 14 - Prob. 14.29CCh. 14 - Prob. 14.30CCh. 14 - Prob. 14.31CCh. 14 - Prob. 14.32CCh. 14 - Prob. 14.33C
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