Fillable KeikiCo Contest Finance Worksheet Bank for Education Savings (American Savings Bank Hawaii)

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KeikiCo Contest Finance Worksheet Bank for Education Savings (American Savings Bank Hawaii)

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Savings Bank
KeikiCo Contest
Finance Worksheet
Bank for Education
The first thing you want to do is figure out how many sales you think you will make each week.
Multiple that number by 52 (52 weeks in a year) to equal the number of sales you are projecting for
your first year.
Base your startup costs on having that many sales.
How to figure
out your startup
costs:
Figure out what items you will need to make your product/service for one year and how much
each item costs.
ITEM # OF ITEM PRICE
ITEM # OF ITEM PRICE
STARTUP COSTS
x=
x=
x=
x=
x=
x=
x=
x=
x=
x=
The total cost of items needed: A.
x=
x=
x=
x=
x=
The total cost of marketing: B.
Figure out what items you will need for marketing and how much each item costs.
Add up the total cost of all the items you will need for your product/service and marketing.
Formula: A + B = C. _____________________ (Your Total Startup Costs)
KeikiCo Contest Finance Worksheet . 2
How to figure out
your cost per unit
To get the cost of all the items you will need to make your product or service,
use your answer for letter A.
Figure out how many units you can make out of those items.
D. _______________ (Number of Units)
COST PER UNIT
Formula: A ÷ D = E. __________________ (Cost Per Unit)
How to figure out
your profit per unit
Decide how much you want to sell your product or service for.
F. _______________ (Number of Units)
Subtract your cost per unit from your price per unit.
PROFIT PER UNIT
Formula: F – E = G. __________________ (Profit Per Unit)
How to figure
out your sales
projection for
1 year:
Decide how many units you think you will sell per week.
H. _______________ (Sales Per Week)
Multiply the number of sales per week by 52 weeks in a year.
SALES PROJECTION FOR 1 YEAR
Formula: H x 52 = I. _________________ (Estimated # of Units/Sales Your First Year)
How to figure out
how much you will
charge customers in
1 year:
Multiply the number of units/sales for the first year by the price per unit.
Formula: I x F = J.
___________________ (Total Amount You Will Charge Customers Your First Year)
How to figure out
how much it will cost
you to produce
enough product/
service for 1 year:
Multiply the number of units/sales for the first year by the price per unit.
Formula: I x E = K. ___________________ (
Amount it Will Cost You to Produce Enough Product/Service Your First Year
)
How to figure out
your total estimated
profit for 1 year:
Subtract the amount it will cost you to produce enough product/service your first year
from the amount you will charge customers your first year.
Formula: J – K = L. ___________________ (Total Estimated Profit for Your First Year)
KeikiCo Contest Finance Worksheet . 3
A. __________ Total cost of items needed to make enough product/service for 1 year.
B. __________ Total cost of marketing.
C. __________ Total startup costs.
D. __________ Number of units/sales you can make out of the total items purchased.
E. __________ Cost per unit.
F. __________ Price per unit.
G. __________ Profit per unit.
H. __________ Estimated sales per week.
I. __________ Estimated number of units/sales you will have your first year.
J. __________ Amount you will charge customers your first year.
K. __________ Amount it will cost you to produce your product/service for your first year.
L. __________ Total estimated profit for your first year.
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KeikiCo Contest Finance Worksheet Bank for Education Savings (American Savings Bank Hawaii)

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Completed 29 July 2020

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