By the due date assigned, submit your assignment to the Submissions Area.

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Now you need to sell your product or service. You need to convince prospective lending sources that you can achieve your dreams and build a profitable enterprise.

Prepare an executive summary and a three-page paper, in APA format, selling your business idea to the lending source of your choice. Remember, you need to be both factual and persuasive.

Describe your business.

Explain your expenses.

Specify your financial needs for the first year.

How will you use the lender’s money to create profit and repay the loan?

Use your budget as support for your claims. In your supporting evidence you should include a break-even calculation in dollars to strengthen your repayment plans discussion.

Be sure to format your paper and cite any sources using APA style.

You may use this APA Citation Helper as a guide.

This APA formatting handout will help you set up your essay using APA style.

Save your paper as a Microsoft Word document named LastnameFirstInitial_ACC202_M5A2. Submit your document to the Submissions Area by the due date assigned.

Assignment 2 Grading CriteriaMaximum PointsExecutive summary20Break-even calculation40Master budge70Written analysis80Conclusion20Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources using APA style; displayed accurate spelling, grammar, and punctuation.20Total:250
Running head: SERVICES COMPANY 1

SERVICES COMPANY 4

A-Plus Accounting Services Company

Student’s Name

Instructor’s name

Course

Date

A-Plus Accounting Services Company

There is growth in the small business sector and more people are looking for financial and accounting services. A-Plus Accounting Services Company will be a service based company focused mainly on management accounting and tax. The company will also provide investment and bookkeeping services and its main focus will be on individuals and small businesses. The goal of the company will be to offer clients a full-service menu on accounting services while maintaining affordable and sustainable prices for small businesses. A-Plus Accounting Services Company will assist clients to guarantee their compliance with tax laws and assist them to make important future financial decisions.

The main source of operating revenue for A-Plus Accounting Services Company will be from tax and bookkeeping accounting services to small businesses and individuals. The company will have the ability to offer accounting services to small businesses and individuals will less than $3 million in annual revenues. The main target market will be companies in the service and manufacturing industry and some farmers.

Anticipated expenses for A-Plus Accounting Services Company are utilities, salaries and wages, utilities and rent. The company will also have accounts payables for office computers and another for office furniture. A-Plus Accounting Services Company does not require an inventory to deliver services; therefore, direct costs of labor will be accounted for as the cost of services or cost of revenue (Kieso & Weygandt, 2015). The company will have no direct material costs but it will have labor costs from salaries paid to professional delivering the company’s services and cost of delivering the services, for example, travel time and gasoline. The direct and indirect costs can be reported as expenses on the income statement because the company will not need to carry an inventory. The costs of sales account will be separate from the expenses account in the income statement.

Reference Kieso, D. E., & Weygandt, J. J. (2015). Financial & managerial accounting. John Wiley & Sons.
Sheet1
Month Column1 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
No of Children-Full-time 8 10 12 10 12 14 15 12 15 17 18 15
No of Children – Part-Time 2 1 2 5 1 3 5 2 3 5 4 1
Total No of Children 10 11 14 15 13 17 20 24 18 22 22 16
Amount Charged ($)
Registration Fee $25
Full -Time $200 $250 $300 $250 $300 $350 $375 $300 $375 $425 $450 $375
Part-Time $50 $25 $50 $125 $25 $75 $125 $50 $75 $125 $100 $25
Tuition Fee $36 $360 $396 $504 $540 $468 $612 $720 $864 $648 $792 $792 $576
Total Revenue $610 $671 $854 $915 $793 $1,037 $1,220 $1,214 $1,098 $1,342 $1,342 $976
Annual Total Revenue $12,072
Expenses
Direct Material Costs 8,850
Direct Labor Costs 17,850
Overhead Costs
Total expenses 26,700
Selling and Administrative Expenses
Electricity $1,500
Water $420
Advertisment expenses $320
Total $2,240
Sheet2
Sheet3