FINANCIAL PLAN
The proposed financial status of LBJ and Associates is represented as a 12-month cash flow from the period September 2004 to June 2005; the Cash Flow was developed using an average price.
The main source of income for the Institute would be generated from the number of students enrolled on a termly basis. Hence if the Institute accommodates approximately 60 students sequentially, then the termly (which consists of three (3) months) income could be structured as follows: -
CAPE Unit I 20 x 5.00 = 100.00
CAPE Unit II 20 x 5.00 = 100.00
Form 5 P.O.A. 30 x 5.00 = 550.00
Form 5 P.O.B. 10 x 5.00 = $ 3 850.00
Form 5 (combined 2 subjects)10 x 5.00 = $ 6 750.00
Form 5 (combined 3 subjects) 5 x 00.00=$ 5 000.00
Form 4 P.O.A. 10 x 0.00 = $ 3 500.00
Form 4 P.O.B. 10 x 0.00 = $ 3 500.00
Form 4 (combined 2 subjects) 5 x 0.00 = $ 3 000.00
Form 4 (combined 3 subjects) 2 x 0.00 = $ 1 800.00
TOTAL 150.00
After direct expenses are deducted, this will yield an estimated profit.
If we calculate the Break Even Point on a termly quota of students or an estimate of revenue in value, the overall expenditure can be covered for the management of the Institute.
The breakdown of the Cash Flow is as Follows: -
- The total estimated expenditure comprises direct, operational, administrative and financial expenses (includes outsourcing of additional staff for CXC Mathematics and the Easter Revision Package)
- The financial payment of 0,000.00 at a payment of ,500.00 per month for monies borrowed
- The operational and administrative expenses will vary with with the quantity of students.
The Institute does not anticipate any sizeable profit in the first year of its operations since it is expected to pay the loan within one year of its operation.
APPENDIX Management Team
1) Lystra B.Stephens James I.C.I.A (Chairman)
- Trained teacher
- 23 years teaching experience (Full Time and Part Time)
- Teacher at Holy Faith Convent, Couva – Advanced and Ordinary Level Business and Accounts
- Professional Qualifications: -
– B.A Business Administration
– Diploma Accounting
– Diploma Business Management
– Accredited member – Industrial Commercial and Institutional Accountant
- Assisted in the editing/publishing of the textbook “The Accounting Cycle” by Lennox Francis and other Accounting textbooks
- Trained C.X.C O’ Level Principles of Accounts Examiner and C.A.P.E A’ Level Accounts Assistant Examiner.
2) Kirk Philip
- 7 years teaching experience (Full Time and Part Time) Advanced and Ordinary Level Business and Accounts
- Teacher at Holy Faith Convent, Penal –Advanced Management of Business, Principles of Business and Principles of Accounts
- B.Sc Management/Sociology
3) Russell Babwahsingh
- Accountant at Cascadia Hotel
- Level 1I A.C.C.A qualified
- Currently pursuing A.C.C.A Level III
- 5 years teaching experience (Part Time LBSJ and Associates – C.A.P.E Accounting and Ordinary Level Principles of Business)
Credit:ivythesis.typepad.com
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