Our sales paid for by credit card will be deposited in our business checking account within 48 hours. Since most of our personnel are part-time, the first year only the Owner/Manager Rebecca Autumn will receive benefits. Our business checking account will be with National City, in Royal Oak. They have reported the approximate current interest rates as those below.
The following chart shows the Benchmark figures for Bra~vo.
The following table and chart show our Break-even Analysis. Fixed costs are based on operating expenses in the first year.
The following table will indicate projected Profit and Loss.
The following chart and table will indicate projected cash flow.
Deborah Summers will keep our financial reports current, Chris Hamill our accountant will make a quarterly visit to review the reports and offer suggestions on business development.
Business ratios for the years of this plan are shown below. Industry profile ratios based on the Standard Industrial Classification (SIC) code 5632, Women's Accessory and Specialty Stores, are shown for comparison.
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