Company overview Choose a type of jelly bean we will be manufacturing and justify why we choose to go with this flavor/type of jelly bean. competitive analysis. It’s a group project and this is my par

Company overview Choose a type of jelly bean we will be manufacturing and justify why we choose to go with this flavor/type of jelly bean. competitive analysis. It’s a group project and this is my par
ACCT621 Accounting for Managers Group Project You have just graduated from the MBA program from University Canada West (UCW) and are so excited about the upcoming graduation ceremony. Unfortunately, due to the current situation in the world, thankful to COVID-19, your aged parents and your siblings will not be able to come from overseas. After several years of hard work and study at UCW, you feel very proud of yourself and more than ever ready to implement your business knowledge and your own ideas into practice. You are very confident that the knowledge your professors transferred to you, will be very useful and you cannot wait to put it in action. You have always dreamed, even as a young kid, to have your own business, a business that will produce jellybean candies. You have been talking to your friends about your business idea and many of them did not understand why you have such a strong desire to become a manufacturer of jelly beans. The answer to their question brings you to your childhood where your parents told you that candies are not good for you and never bought you any. You had a very happy childhood full of books, toys, friends, however, not candies. You feel now is the right time to think about your dream and to put it into action, and to open your own jellybean factory. Your destiny that you were dreaming about for so many years, could become a reality. However, you are aware that opening a business in Canada is easy but staying in business and being successful could be very challenging. You remember from your accounting and other business courses that sale is a very crucial factor and without sales and customers your business will not be able to survive for long. You decided to give it a try and start your jellybean business this year. Required: Think of your proposed business and answer the following questions following the six-step process. Before you start working on the project, read an article “SCENARIO PLANNING – Applying A Six-Step Process to Your Organization” by David A.J. Axson. For your quick reference, the link is provided below: CPA Canada – Planning, Budgeting and Forecasting – Scenario Planning: Applying a Six-Step Process to Your Organization. Retrieved from https://www.cpacanada.ca/en/business-and-accounting-resources/management-accounting/planning-budgeting-and-forecasting Questions: What will be your business strategy? Product differentiation or low-cost provider? How much money do you have for investing in your business and how much money you need? How do you plan on raising cash needed for your business? What will be your selling price per one jellybean bag of 200 grams? What factors you need to take into considerations when pricing the product? What variable costs will incur once you start operations? What will be your fixed costs? Think of them on an annual basis. To simplify your analysis, think about producing only one product, a mixed jellybean bag of 200 grams. Based on your selling price per bag, unit variable cost, and total fixed costs, perform a break-even analysis to compute how many bags you need to sell to cover all costs from your revenue and generate zero income. What do you think, is it feasible to break-even in the first year in operations? Briefly explain. You are now curious to know how many jellybean bags you need to sell to earn an income of $100,000 Canadian Dollars. What do you think, is it feasible in first, second, or third year? Briefly explain your findings. Note: During your quantitative and qualitative analysis, be reasonable and objective. Do not consider only costs but other factors as well.
Company overview Choose a type of jelly bean we will be manufacturing and justify why we choose to go with this flavor/type of jelly bean. competitive analysis. It’s a group project and this is my par
ACCT621 Format for a Group Project Your assignment report should include the following: Title Page Executive Summary Report Table of Content Introduction The Main Body Conclusions and Recommendations Reference List Appendices Assessment of your group project will be based on: Subject Matter Organization & Critical Thinking Style & Mechanics (APA, Grammar/Punctuation/Spelling & Readability/Style) Guidelines: Use the APA styles, 7th edition. Title page required. Times New Roman font, 12 point. One-inch margins on all sides. Paginate your paper in the header. Always double-space. Indent every paragraph. Avoid very long (1 page) and very short (1-2 sentence) paragraphs. Use headings; this makes the paper more readable. Include both an Introduction and a Conclusion of half a page (15 lines) at most. Referencing should be entered in a formal manner in the body of the paper and listed at the end of the paper along with any bibliography. The title page should contain the course name and number, student’s first and last name, the project name and due date, and the instructor’s name as well as the word count (excluding title page and references). The lists of references and/or bibliography as well as the title page are in addition to word count specified for the body of the paper. Marks for APA style, spelling, grammar, and word count are applied to all papers. (See grading rubric). For advice on writing and referencing, students should refer to the 7th edition of APA writing available on MyUCW’s library portal. All papers should be submitted in Turnitin, UCW’s plagiarism checker. Citations are limited to no more than 10% of the paper. Provide the word count on the title page. Word Count does not include the title page, table of content and the bibliography (references). Maximum word count 2000. Include at least 4 valid references in your papers.