M2A2: Calculating Revenue

Assignment 2: Calculating Revenue

Tramaine Ashford posted Oct 12, 2017 5:56 PM

Subscribed Subscribe

This page automatically marks posts as read as you scroll.

Adjust automatic marking as read setting

Quantity of Service Sold	Dollar Amount Charged	Total anticipated revenue	Sales by the month	Annual Total
10 Individual Clients/Full Coverage	$150.00	$1500	150 x 10	$18,000.00
5 Military Veterans/Full Coverage	$135.00	$675	135 x 5 ( Discount Already included)	$8,100.00
3 Elderly/Disabled Clients- Full Coverage	$135.00	$405.00	135 x 3 ( Discount Already included)	$4,860.00
2 Students/ Liability	$99.00	$198.00	99 x 2 ( Discount Already included)	$2,376.00

                                                                                                                                                      Total = $33, 336.00 Annually  The company in which I selected to start up was an insurance company. So the service I will be offering to my clients are automobile insurance. This ranges from any type of vehicle from a single -individual client to an entire company. 

Depending on the make model and year and package the client picks, will decides the rate of insurance per month. The liability insurance of course, will differentiate from full coverage, along with gap insurance. Also I will have discounts for full time college students, military and the elderly/disabled, which will be 10% off the monthly rate of purchase, as well as if a loyal member purchases their insurance in bulk for every 6 months they will receive an additional $250.00 off the total cost. 

As we all may know, when starting a business in the first year can be rough and very challenging. In my first year I anticipate that my company will bring in revenue of $33,336.00 until I can get  the word out by word of mouth and established to bring in more revenue to advertise and promote the company. Therefore, I anticipate by starting up this will be the total overall revenue in my