Challenge #7 - BNAY

The Financial plan

1. I will start by getting a loan of $9,880 from Ulnooweg youth business loans.

Furniture	$3000
Rent (First month)	$1000
Equipment	$5000
Business name registration & License	$130
Advertising	$750
TOTAL	$9,880

   2.  Financing

Loan Amount (minus 10%)	$8,880
Interest Rate	8.5%
Amortization	3 Years
Payment frequency	Monthly
Payment per month	$280.32

 3. Income Statement

Income for 1st month	$20,000
Loan repayment	-$280.32
Down payment	-$1000
Power bill	-$1000
4 employees (40 hours/wk for month)	-$6624
Executive Chef (40 hrs/wk for month)	-$4166
Total profit/loss	+$6929.68

Challenge #6 - BNAY

Our challenge was to find 2 universities with business schools and describe how one has an advantage over the other. The two universities I picked were The Shannon School of Business and The Rowe School of Business. I was unsure of what to judge these two schools on and have done some research on these two schools and it seems that these two schools are very excellent. I believe that the Rowe school of business has an advantage over the Shannon School of Business mainly because the Rowe School seems to have more awards and the expertise of the teachers and everything else. I was totally unsure of what to base the judging on and may have made a wrong decision but that is what I think.