Tattoo Ink Business Plan

By creating a budget this facility will be better prepared in knowing how much money they spend and

A Career in the tattoo industry has always been a fantasy of mine, I’ve had a lot of dreams for what I want to do when I’m all grown up and I can honestly say that a tattoo artist will always be one of them. Ever since I could remember I’ve had a talent for anything art wise. My favorite hobby has always been drawing. As a kid I enjoyed looking at and hearing about everyone’s tattoos. They’re just permanent drawings on someone’s body. Your body is like a temple for your soul, and I think that tattoos are just decorations. They tell the souls story, and make the body look like a beautiful book of life. It’s like a unique way of telling your story, through the art all over your temples walls. Every tattoo has a meaning and a story behind it.

Issue: Decide how to account for the funding of the R&D and royalty payments. Identify the authoritative literature applicable to this funding arrangement and discuss the appropriate accounting for the agreement in accordance with that guidance.

* If we surmise that the company’s specialist’s predictions of 4% on market growth along with renewing current and or adding more customer contracts then the profits should be as follows:

Lucky Bella Tattoo Studio is a full-service tattoo studio that is located in North Little Rock, Arkansas. Lucky Bella Tattoo Studio has got the award winning artists such as Brooke Cook and Ryan Cook. The average prices for their medium to large tattoo sessions are said to range about $250 to $800. The smaller tattoos are priced at $80 to $200. Lucky Bella Tattoo Studio considers the time consumed in doing this art. So as when they work for a longer time, the more complex the tattoo turns out to be. Lucky Bella Tattoo Studio does the designs based on the budget the customers declared to have, if the price is a major factor to them. Lucky Bella Tattoo Studio works on with the budget their customers are comfortable with. Their tattoos have been

The rise in revenue was rapid starting from the year of operations. The key period of business was from April to September were revenues were equal to 65% of total revenue as the product was seasonal. The basis of forecasting for the year 1981 & 1982 is the expectations of sales by Mr. Turner & Mr. Rose. It is given that total sales were $ 15.80 million in first half of year 1981 and the total sales in 1981 to reach $ 30 million. Profit after tax was expected to be $ 1 million for 1st half and we assumed for the next half, profit will be in proportion to first half & expected to be amounting to $ 0.90 million. For year 1982, the sales expectation by Mr. Rose was around more than $ 71 million &

The project must be completed prior to the end of this financial year (30 June 2015) as funding is available from current budget.

4. Describe who and how many individuals will be served by the project for which funding is sought.

The investment requested is £12 million. Strategic and operating benefits were summarized in our previous memo to you. We have made, however, some changes to our investment analyses, which appear below.

1. In the last five years the growth in sales for the company has been around 10% per annum, except for the 1997, the growth was 18.78%. In the case, nothing is mentioned that company has made any drastic changes in its strategy to grow faster. In such a scenario, projected a consistent growth of 20% per annum for the next 5 years is too optimistic.

The start-up funding for TempShadow Ink will consist of the Research & Development (R&D) that will be needed to develop the temporary tattoo ink. The company plans to hire the R&D Company Cargill. The contract states that an ink will need to be developed within 6 months of the starting date, January 2015. Once the tattoo ink is developed, TempShadow Ink will begin a two-year testing phase with volunteer test subjects. This will happen from mid-2015 through mid-2017. The start-up funding will last about two and a half years. At that time, the goal is to have the ink distributed to tattoo parlors around the United States. The company estimates it will need approximately $600,000 to make this happen.

Budgets and Planning. To begin with, the program, like the organization, fosters an open and collaborative environment for the process to take place. In this regard, it is, therefore, impossible for any one space or environment to be able to accommodate every conceivable project or application that is “thought up”. Therefore, certain perimeters and guidelines need to be established to assess costs with the program and help determine a course of action in future planning. As we are discussing costs, we assume there is a

However, the company expects that its sales will grow 25 percent annually for the next five years. As illustrated in Table 1 the demand after 5 years will be approx.

The United States is the third most populated country in the world. This country holds about 4.5% of the world’s population. The U.S. population is currently estimated to have 308.7 million persons. This number is more than double of the population from 1950. Besides the fact of the population has doubled its size, the population has also become qualitatively different from the one from 1950. As noted by the Population Reference Bureau, “The U.S. is getting bigger, older, and more diverse.” The growth of the population is the result of the trends over time in the relationship of increased births, decreased deaths, and increased net immigration.

2. Use the projections provided in the case to compute the incremental cash flows for the PCB project. Provide a reasonable estimate for cash flows after 2009 as well.