Reference no: EM131093843

You are considering starting a new business, the XYZ day care facility (make up a name for the business) for children under the age of 5. You have looked at a space with building that you can purchase for about $200,000. The exact price may change upon negotiation. You will have to spend $XX,XXX.XX (make up a 5 digit dollar figure with two decimals for cents) to make modifications, like adding a playground set. You also have several other expenses to consider. There will be an annual advertising expense of $XX,XXX.XX. Initial supplies for the daycare, including toys, teaching materials, office supplies, bathroom supplies, etc., amount to $XX,XXX.XX. There must also be a budget for monthly replenishment of those same supplies ($XX.XX per child - make up a number between 10 and 15 dollars per child). Legal fees to set up the corporation to do business will cost you ($X,XXX.XX). You have to provide milk and snacks for the children, and that costs you $100 per month for every 5 children enrolled (for example, if you have 6-10 children, the cost is $200). Utilities cost $150 per month.