Assignment 2 Calculating Revenue

Assignment 2 Calculating Revenue

By the due date assigned, respond to the following in the Discussion Area below:

Before identifying costs in a new business, it is necessary to calculate revenue. All costs will be based on your anticipated revenue because costs are generated based on what it takes to produce the product for sale. This module you are going to think about your new business and determine what the first year in sales looks like.\

Describe what product or service you will be selling.
How much will you charge for your product or service?
How many units of the product or service do you anticipate being able to sell over the first year?
This is a good time to dream, but also to be realistic. The beginning period in any company is challenging and realistic planning is crucial for success. Based on your estimates, build a table, in Microsoft Excel, showing the quantities sold of each item or service, the dollar amount charged for each, and the total anticipated revenue. Your table should reflect sales by the month and then an annual total. Include your table as an attachment to your initial discussion response.
Remember, the information you gather in this assignment will contribute to your final project due in Module 5.
Assignment 2 Grading Criteria
Maximum Points
Initial Response
20
Discussion Participation
20
Writing Craftsmanship and Ethical Scholarship
10
Total:
50

Assignment 2 Calculating Revenue

Assignment 2: Calculating Revenue

For any business to be successful, proper planning and forecasting are important strategies that help the owner/management to predetermine the operational and functional expenses of the business venture (Kieso & Weygandt, 2015). This help to make informed decisions as to whether the business idea is worth undertaking or not. There is an escalating growth in the small business industry and more people are looking for services relating to cyber and PlayStation business.

As such, Royal Services limited will be a service based company focusing mainly on printing of books and exams, filing of tax returns, binding, and providing FIFA/NFS games. The aim of the company will be to offer customers diverse services to meet their needs and guarantee satisfaction. In addition, Royal Services limited will be guided by care values such as acco……….