Estimate and evaluate the current profit figures

Assignment Help Accounting Basics

Reference no: EM133538005

Case: As yoga grew in popularity in Singapore, there were many new yoga studios set up in attempts to tap into this growing service industry. Space & Light Studios Pte Ltd was one of them. A small and medium enterprise set up in December 2012, it differentiated itself by offering yoga classes that emphasized on the optimal alignment of the body. This case study explores the entrepreneurial journey of the owners of Space & Light Studios and examines the viability of this yoga business utilizing Cost-Volume-Profit analysis - a management accounting tool.

1.Estimate and evaluate the current profit figures of SLS from December 2012 to May 2013 to evaluate the viability of the business.

2.Examine SLS's break-even point for May 2013.

3.Estimate the profitability of conducting each type of yoga class - i.e. group classes, private classes, and "salt cave" classes.

4.Conduct sensitivity analyses based on different scenarios of rental costs, fees paid to yoga teachers and pricing.

5.Recommend a plan of action for the owners of SLS.

Reference no: EM133538005

Questions Cloud

Identify the needs of your chosen family : Identify the needs of your chosen family. Research an evidence-based intervention you could apply to your selected family and justify why you would choose this

What are internal accounting controls : What are internal accounting controls? Multiple Choice Policies and procedures that are meant to speed up the accounting process

Discuss public health concern : Briefly discuss a public health concern. Summarize the major steps in that type of research.

How do you compare cost submitted by tenderers : How do you compare cost submitted by tenderers, please provide useful comparison accounting phrases

Estimate and evaluate the current profit figures : Estimate and evaluate the current profit figures of SLS from December 2012 to May 2013 to evaluate the viability of the business

How might sociologists explain the causes of the rising rate : How might sociologists explain the causes of the rising rates of obesity and what solutions would they propose? Apply the sociological imagination to go beyond

Budget for essential equipment : You are close to implementation of your plan, and you realize that you failed to budget for essential equipment. Discuss how you could reallocate

What characteristics may be more predictive of children : What characteristics may be more predictive of children's academic performance in their first grades of school, excluding their cognitive skills or family

Discuss some of the ways that we measure crime : Discuss some of the ways that we measure crime? Which of these methods seem to be the most useful in reaching and understanding crime/criminal behaviors?

User Account

All Pages