Read the mini-case study from Katz and Green's Entrepreneurial Small Business (2011): Phionia's Finicky Feline Gourmet Cat Dinners.
In a well-written paper, answer the following case study questions, providing an answer of at least 200 words for each question, as well as ample explanation for each subsection.
Questions:
Prepare the following budgets for the period, January through June:
- Sales budget in dollars.
- Production budget in units.
- Direct materials purchases budget in pounds.
- Direct materials purchases budget in dollars.
- Direct manufacturing purchases budget in dollars.
Comment on the viability of this business and the advisability of the investor making a $50,000 investment to get it started.