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( RTO 90982 CRICOS 02599C ) Lecture Assessment 1 Individual Case Study Project Unit: BSBSMB402 Plan small business finance Qualification: BSB42615 Certificate IV in New Small Business Training Package: BSB15 Business Services Due Date: Week 5 Assessment Type: Individual Case Study Project Student Name: Student No: By submitting this Assessment, I acknowledge my understanding of plagiarism Plagiarism All work must be done individually. Copied work will not be accepted and could lead to an “academic non-performance” rating. Plagiarism by a student will result in an automatic ‘NYS’, and as well as being recorded, may result in further disciplinary action such as a student’s exclusion from a course. Plagiarism is presenting and using someone else’s work, writings or ideas as your own with or without their consent. Assessment submission rules and conditions I have read and agree to the assessment guidelines conditions below. 1. The purpose of this activity is to assess your knowledge and skills of the unit. 1. If you have any considerations that may affect your performance in the assessment please inform your assessor immediately. Your assessor will provide you with a suitable alternative to complete this assessment. 1. To gain competency for this assessment, demonstrate competency in activity tasks by the due date. 1. Student downloads the assessment through Moodle. 1. Student completes the assessment cover page ensuring they have written their name and student number. Online submission opens one week prior to the due week and cut off date is set on Saturday at 11:55pm in the week of due date. 1. In case of late submission, the student is only able to submit the assessment with permission. The Student is first required to see student services and make late submission fee payment before submitting the assessment after due date. The student service officer issues the receipt and student is required to see their Trainer to submit the assessment. The trainer will grant an extension on Moodle for the student to re-submit their assessment. 1. The student will receive results within 2 weeks from the due week, resulting in a determination of Satisfactory (S) or Not Yet Satisfactory (NYS) for the task and this result will be displayed on Moodle. 1. In case of ‘NYS’ (not yet satisfactory) result of the assessment, the student is given an opportunity to re-attempt and submit the assessment by an agreed date with their assessor or as soon as possible within the duration of the unit. The trainer will grant extension on Moodle for the student to re-submit their assessment, cut off date of re-submission is Saturday at 11:55pm in week 8. Re-attempted assessments submitted during the term will not incur penalty. 1. The re-attempted work must address the specific performance tasks beyond doubt for the assessor to issue a satisfactory (S) result. The system allows the student to re-attempt online twice within the duration of the unit. The Student is required to meet their assessor before submitting the third re-attempt. The assessor will grant extension manually only by request. A repeat NYS outcome could lead to an administration fee. 1. Any re-submission or late submission occurring during week 8, the student is required to see their trainer before submitting the late or re-assessment. The trainer will grant an extension on Moodle by request only and the submission will be closed on Saturday at 11:55pm in week 8. 1. Any re-submission or late submission occurring during week 9, the student is required to see their trainer before submitting the late or re-assessment. The trainer will grant extension on Moodle by request only for 15 minutes. Therefore students should be ready to submit their assessment before going to see the trainer. 1. All work must be done individually. Copied work will not be accepted and could lead to an academic "non-performance” rating. See below about Plagiarism. Plagiarism Plagiarism by a student will result in an automatic ‘NYS’, and as well as being recorded, may result in further disciplinary action such as a student’s exclusion from a course. Plagiarism is presenting and using someone else’s work, writings or ideas as your own with or without their consent. Some examples of plagiarism as follows 1. Presenting work by another individual as one’s own unintentionally 1. Handing in assessments markedly similar to or copied from another student 1. Handing in assessments without the sufficient acknowledgement of sources used, including assessments taken totally or in part from the Internet 1. Appeal process - If you feel the decision made by your assessor was incorrect please refer to your Student Handbook for information on assessment appeals for the required steps to appeal this decision. Download the assessment you want to appeal and complete the appeal box in Feedback Evaluation Sheet by signing as to whether you wish to appeal. You are required to hand the hard copy in to student services. Submission requirements If an assessment is not submitted in accordance with the submission requirements then it will be deemed as being non-compliant. Non-compliant submissions result in pending on being marked and /or recorded NYS. · All submissions must be done by PDF file. The Student is required to convert word file assessments, PowerPoint presentation and other attachments to PDF before submitting unless the evidence is required to submit its original format (eg. word or excel). · The first page in the file must be cover page. Both the cover page must contain student name and student number. · The Student is allowed by default to upload up to five documents on each submission. You must upload each file separately. You must not upload zip file. · Submissions from overseas are not allowed as students are required to be in Australia to attend their regular classes. Late submission Late submission arises in two cases. 1. Student does not submit the assessment in time because of their own fault. In this case, the student is required to make late submission fee of $50 before submitting the assessment after the due date. 2. Student has approved leave. In this case, the student is exempted from the late submission fee payment. The student is required to show their deferment approval letter from the college to their trainer. The trainer will re-open the submission on Moodle for the student. I have read and agree to the assessment guideline conditions above. Task Instructions Read the following scenario and answer all questions. This scenario assesses your ability to prepare components of a financial plan for a business. Scenario You are a student at AAC College. The college has decided to open a coffee shop on the ground floor that will be run by AAC students allowing them to apply knowledge and skills learnt in classroom to practice and gain some valuable work experience. The coffee shop will target students at AAC as their major customer and will attempt to attract staff working for other companies within the building. Based on the hours of operation (Monday to Friday only) it was decided that the coffee shop will have to employ 1 full time manager that will take care of all the admin, operational and bookkeeping duties and 3 part-time student employees. AAC coffee shop will be similar to its four main competitors in the area for price and products offered, however, it will distinguish itself by being the coffee vendor that is open till late, has the best atmosphere, and offers the most promotions to its customers. The coffee shop will provide coffee, tea, hot chocolate only. Market research identified one significant trend in the last fifty years – an increase in coffee consumption amongst young (18-24) people. Coffee is no longer just seen as a morning drink while the parents read the newspaper, instead has developed its own culture throughout the different age groups. This coffee culture has changed the design of coffee shops today. Coffee shops today offer more than just hot/cold drinks they also serve as a place for customers to relax, socialise, or even a place to work. Positioning strategy: AAC Coffee shop will distinguish itself from other coffee shops by being a shop that opens till late, has the best atmosphere, and runs a number of promotions for its customers. The coffee shop will be run by AAC students which will increase the chances of winning other students as major customers. The coffee shop will be the best in the business for being able to understand what their customers desire. In addition to its prime location, the coffee shop offers its guests an environment ideal for studying and meeting with group members. The shop is designed to have a relaxing atmosphere with small and large tables for individuals and groups. The AAC coffee shop will offer its customer’s re-usable coffee mugs. If a customer uses its re-usable coffee mug that the shop distributes they will receive 10% discount on their beverage. The goal of this promotion is to support environmentally friendly practices, save money on one time use cups, and increase awareness of the coffee shop from advertising the brand name on the coffee mugs. “AAC coffee Bucks” “AAC coffee Bucks” are coupons that the shop will introduce, customers will be able to save one dollar on their purchases. The shop manager in cooperation with the AAC trainers will be in charge of distributing “AAC coffee Bucks” to all faculty members on the AAC College Campus. “The AAC coffee Bucks” are to be handed out to students rewarding them for their hard work or good deeds done in the classroom (i.e. getting a good grade on a test, participating, or helping others). This promotion will not only drive sales and awareness of the coffee shop, but also develop a positive brand attitude with its customers and make students feel good. Price The coffee shop will provide small, regular and large coffee, tea and hot chocolate only, with the average unit price being $3.5 and the average unit variable cost being $0.49. Staff The AAC coffee shop will employ one full-time manager (yearly salary is $55,000 plus super) and part-time staff: 3 baristas (yearly salary is 23,500 plus super each). Other expenses look as follow: · Rent $2,000 to be paid monthly and bond of $4,000 (already paid) · Advertising and promotion $200 to be paid monthly · Supplies (stock - in – trade) $3,100 to be paid monthly · Telephone $300 to be paid monthly · Other utilities (electricity, gas, etc.) $500 to be paid monthly plus a bond of $400 (already paid) · Insurance $300 to be paid monthly · Miscellaneous (including cleaning materials) $250 to be paid monthly · Interest $460 to be paid monthly · Legal and Professional fees (including accounting) $250 be paid monthly · Fixtures and Fittings comprising of desks, chairs, couches, a sink and counter - $15,000