Assignment Instructions The charity Help the Children has decided to sell 1,000 toy clowns as a charity fundraiser with at least $10 profit per clown with a selling price of $25. Henry Tamble, Chair of the Board of Directors for Help the Children has asked you and your volunteer team to decide whether you should make the clowns or buy them. Assume that ALL the clowns will be sold. COST Considerations o Make 1,000 clowns ? Materials: $5,000 ? Storage: $500 ? Volunteer coordination: $500 ? Volunteer labour: $0 ? Volunteer recognition: $100 o Buy 1,000 clowns ? Purchase 1000 clowns including shipping: $9,500 ? Storage: $500 ? Volunteer labour: $0 ? Volunteer recognition: $100 OTHER Considerations o Clowns ? The clowns will be soft, plush, cuddly toys that will appeal to children under the age of five. o Volunteers ? Help the Children volunteers are dedicated and enthusiastic and are very proud of helping the children. ? Many of the volunteers work and/or have young families so they have limited time available. ? A few volunteers are skilled sewers. o Who will buy the clowns ? Families with small children ? Grandparents o Timeline ? You have three months to complete the project. Prepare and submit a one to two page memo (Word document) addressed to Henry Tamble, Chair of the Board of Directors for Help the Children. Format your memo as described in How to Write a Business Memo with these sections. 1. Introduction (no heading) 2. Cost Considerations (heading) 1. a table with three columns entitled “Item”, “Make”, “Buy” and a row for each of the following items 1. Total Cost 2. Profit if you sell all the clowns 3. Number of clowns you need to sell to break even (Hint: Calculate all the costs and divide by the selling price.) 2. Answer the question “If cost were the only factor, would you make or buy the clowns? 3. Recommendation (heading) 1. One or two sentences saying that cost is not the only consideration. 2. Given what you know about the clowns, the volunteers, the market for the clowns and the timeline, make a recommendation to make or buy. Include your rationale. 4. Closing sentence(s) indicating how Henry Tamble can contact you if he has questions. 5. References (separate page)
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