How math makes you money!

Phase 1:

1. You will be assigned a partner (or two- no more than 3 in a group)
2. You and your partner need to pick a business, yet come up with your own name
3. In this business, your partner and you need to pick a product (one product- keep it simple yet creative), your product should have its own name
4. Your business partner and you are EQUALS. Therefore, you share the same responsibilities, debt, and profits in the company. 
5. Below are review links of what we learned in class.
6. Please use a real company as an example for your numerical data gathering. This will help you when graphing your costs and profits. It is important to use real pricing points and sales pricey for accuracy. 

https://www.youtube.com/watch?v=ZihWEVWCJYk - Whats the break-even point?

https://www.readyratios.com/reference/analysis/break_even_point.html - A break down of the formulas used

Phase 2:

1. Now that your company is established, you must determine a price point for your product. For example if you are selling lemonade- Each cup of lemonade would retail for $1.00.
2. Research the costs that are implied towards your product. For the cup of lemonade, you would add up how much sugar, ice, lemon and water if would cost to make one cup. Do not get overwhelmed, there is plenty of online examples that show you a cost breakdown for a single product. This is why you must base your product off a real item and a real company so avoid any discrepancies. 
3. The cost of your good should not be more than your price- otherwise you are losing money. Adjust your price accordingly. 
4. Research how many products you can sell in a day, week, month and year. This will help with your timeline presentation portion.
5. Create a break-even point equation. 
6. How many goods do you need to sell in order to break-even?
7. How many goods do you need to sell to make a profit?
8. How long would it take to reach the break-even point based on research?
9. Is this product profitable?
10. Graph you break even point formula(s) accordingly. Use a computer application, poster, or paper. Please make sure this is legible. 
11. Your numerical data collection is now complete.

Phase 3:

1. Create a presentation that shows your findings. This should include:
2. Business Name
3. Product Name
4. Product Price
5. Product Costs
6. Break-even Formula
7. Break-even Point Graph
8. Profit and Loss Equations
9. Data analysis
10. Timeline of profit
11. Product profitability analysis
12. Resources used / Company used as reference
13. The presentation may be in power point, poster format, prezi, and or handwritten with visuals. As long as the questions are displayed and answered, you will receive credit.
14. You will also need to submit an individual page report about your findings.