Hot Pot Simulation

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Recommended: Conceptual Review of Inventory Control Management

The original prices for the simulation was between a dollar to a dollar 75 after several days of low income I decided to bump it up at 7 to increase the amount for the ice cream cones and cups. The ice cream I gave the vanilla originally ice cream cone at the rate of 3.25 . Finally at the end assimilation up to $4.49 and up to $5 therefore increasing the revenue of two or more $829,298 for 2 year and 9 months. Hot pot prices are higher not as high as Melvin's prices we were maybe ten fifteen cents cheaper than him but nevertheless we're in the high range on prices for ice cream. The cost of the operations for the business profits are sufficient to cover the day-to-day operations. Hot Pot has a business loan that is to cover …show more content…

The higher amount on the purchase of the cone to say the cup gives the company profitability and it allows it to flourish. Target customers based on the research consumer research that gives us a target market people who will most likely purchase and protective service dad's Hot Pot. I took out a small loan for about $80,000 and to open the business with seed money. the loans covered most of the opening bills Why the company gained popularity and more clients tell. Also was for Bill purposes Working capitalFor employee Wages And utilities. As long the payments made on time And current is given the business excellent credit. And actually the business credit has increased the credit line each of our vendor accounts. Overtime the prices for Hot Pot Changed in order to compensate For profit margins, and the ability to self sustained, The bills, and the overhead of the company. Actually it's been very profitable for the business As far as the inventory. We've been able to increase the inventory Because of the credit lines that the vendors have given us. Therefore we have Enough product within the facility Dilemma inspiring good other than that we have several weeks before actually going to get additional …show more content…

The next Financial report that was helpful For me to gather financial information in Forecast The financial Stability of the company Was the Balance sheet. FinallyThe sales sheet For the products shows how much Product was purchased As well as how much product we have actually sold. This allows me to know at one time, a large amount of prop what what time the large amount of product needs to be stored and when there should be a short period of product In the facility.

Cash flow chart

Day In. Out. Total. Balance
1. $65,707. $54,775. $10,000. $10,932
2. 0. 0. 0. $10,932
3. 0. 0. 0. $10,932
4. $338. 0. $338. $11,320
5. $33. 0. $33. $11,353
6. 0. 0. 0. $11,353
7. 0. 0. 0. $ 11,353
8. $496. 0. $496.

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