Assignment: Administrative Costs
You are now ready to add administrative costs to your budget. Please discuss the types of administrative costs that will be required for your business.
• Will you need to rent a building or will your business be home-based?
• Will you need to advertise?
• Will you require electricity and other utilities?
• Will you need a manager to oversee the business?
Think about any administrative costs that will be required to get the business started and to operate over the first year. Add these costs to your spreadsheet in the next category called selling and administrative expenses. Once you have added these costs, you are ready to calculate your projected net income for each month and for the year. Add that as the final amount on your spreadsheet. Include your table as an attachment to your initial discussion response.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.