RFID Testing Center 23
Bibliography
“A Revolution in Automatic Data Recognition” http://www.addict3d.org/index.php?page=viewarticle&type=news&ID=1634 (Accessed May 28, 2005)
“AIDC Technology” December 2001 http://www.mobileinfo.com/AIDC/RFID.htm (Accessed May 18, 2005)
Athens Chamber of Commerce http://www.athenschamber.org/ (Accessed May 22, 2005)
Baker, Pam “CIO Bob DeRodes on Digitizing Home Depot” May 11, 2005 http://news.yahoo.com/s/nf/20050511/tc_nf/34568 (Accessed May 22, 2005)
“Bugle Forklift Sales & Rentals LTD.” http://www.bugleforklift.com/cgi-bin/listman/exec/search.cgi?search=1&perpage=10&lfield1_keyword=Electric&sort_order=7%2C123%2Cforward&pagenum=2 (Accessed May 24, 2005)
Collins, Jonathan “Red Prairie Launches RFID Bundle” May 18, 2004 http://www.rfidjournal.com/article/articleview/947/1/14/ (Accessed May 20, 2005)
Daniels, Tom, May 23, 2005 Interviewed by Ryan Hartley
“Department Stores & Discount Stores Industry Profile” http://www.firstresearch.com/Industry-Research/Department-Stores-and-Discount-Stores.html (Accessed May 24, 2005)
“Ernst & Young Analyzes the Top 100 Global Retailers” http://opsandfulfillment.com/advisor/EY-global-retail/ (Accessed May 24, 2005)
Gilmore-Kramer Company http://www.gilmorekramer.com/more_info/hytrol_transnorm_belt_curve_conveyor/hytrol_transnorm_belt_curve_conveyor.shtml (Accessed May 24, 2005)
Hartzel, Chris May 25, 2005 Interviewed by Lauren Janning
“Home Improvement & Hardware Retail Industry Profile” http://biz.yahoo.com/ic/profile/rthome_1539.html (Accessed May 21, 2005)
http://www.accusort.com/rfid/rfid_faqs.html (Accessed May 18, 2005)
http:// www.expedia.com
http://www.ibm.com/us/ (Accessed May 25, 2005)
http://reservations.conventioncenterhotelsguide.com/nexres/reservations/availability.cgi?hotels_id=11280383&ses=68bb6e5d4adc38b16b33dd8ec89cb8af87520ps&src=1000569
RFID Testing Center 24
2&path=&doa_mm=01&doa_dd=14&dod_mm=01&dod_dd=19&num_adults=1&num_children=0&num_rooms=1&bed_type=NP&num_beds=1&smoking_pref=NSMK&corp_acct_number=&freq_gust_number=¤cy_id=
“Magnetic Stripe Readers Moving Into Other Markets” January 1998 http://www.businesssolutionsmag.com/Articles/1998_01/980110.htm (Accessed May 23, 2005)
“Meeting the Retail RFID Mandate” http://www.atkearney.com/main.taf?p=5,4,1,89 (Accessed May 20, 2005)
“NRF 94th Annual Convention and EXPO” http://nrfannual05.expoexchange.com/ (Accessed May 22, 2005)
Ohio University Police Department , May 23, 2005 Interviewed by Ryan Hartley
“RFID Alliance Lab” http://www.rfidalliancelab.org/index.html#news (Accessed May 20, 2005)
“RFID Alliance Lab to Test RFID Products” September 22 , 2004 http://www.rfidjournal.com/article/articleview/1129/1/1/ (Accessed May 20, 2005)
“RIFD in Electronics Will Spark Use” http://www.rfidjournal.com/article/articleview/1245/1/1/ (Accessed May 23, 2005)
“RFID Journal Live, 2006” http://www.rfidjournal.com/article/articleview/1571 (Accessed May 23, 2005)
“RFID News Roundup” March 11,2005 http://www.rfidjournal.com/article/articleview/1441/1/1/ (Accessed May 19, 2005)
“RFID News Roundup” March 11,2005 http://www.rfidjournal.com/article/articleview/1441/1/1/definitions_off (Accessed May 20, 2005)
“RFID Performance Testing”, Sensormatic, (2004)
“RFID Technology and EPC in Retail” http://www.symbol.com/products/whitepapers/RFID_and_EPC_in_Retail.html (Accessed May 20, 2005)
“RFID Technology ... Opportunity to Improve Working Capital Performance and Supply Chain Service Levels” http://www.infologixsys.com/products/Retail/Benefits/RFID-Wireless-Solutions/default.asp (Accessed May 23, 2005) “RFID Will Bring Great Benefits for Retailers” http://retailindustry.about.com/cs/it_rfid/a/bl_atk111003.htm (Accessed May 21, 2005)
RFID Testing Center 25
“SAMSys Eyes Smart Shelf Market” November 20, 2005 http://www.rfidjournal.com/article/view/118/1/1/ (Accessed May 23, 2005)
Shutzberg, Larry “Scoping Out the Real Cost of RFID” November 1, 2004 http://www.informationweek.com/story/showArticle.jhtml?articleID=51201525&tid=13692 (Accessed May 26, 2005)
“Smart Card Benefits” http://www.ecebs.com/benefits.asp (Accessed May 22, 2005)
“Smart Card Overview” www.smartcardbasics.com/overview.html (Accessed May 20, 2005)
“Tell-Tale Tags” http://retailtrafficmag.com/mag/retail_telltale_tags/ (Accessed May 25, 2005)
“Top 100 Retailers Rankings” http://retailindustry.about.com/od/sales_retailers/a/2004_top100_nrf.htm (Accessed May 23, 2005)
“Trade Show Tips and Pointers” http://www.gapent.com/seminars/trade_shows_faq.htm (Accessed May 25, 2005)
“UW E- Business Institute” http://www.uwebi.org/RFIDConference/default.shtml (Accessed May 21, 2005)
RFID Testing Center 26
Appendix A:Interview Notes
On May 26th, 2005 Lauren Janning and Tim Keiser met in 401a Copeland Hall with Hugh Sherman to discuss the Voinovich Center.
Ohio University sponsors about 50 centers with sponsored research contracts. The President of the University strives for 57-100 million dollars for research. The Voinovich Center is the Universities largest outreach center
o $6 million budgeto 60 full time staff o Business development group
o aids in providing jobso touches over 500 businesses per yearo mass engaged in about 40 of them
Proposals for startup money can be executed through John (Jack) Bantal, VP for research.
Voinovich Center works with Adena Ventures which is a localized, for-profit organization.
o OU founded and OU research invested $2 million in the joint company. o OU helps Adena qualify for New Markets Venture Capital Fund
o Together raised $12 million from local banks and OH and WV governments
o Applied for technical assistance dollars and received dollar for dollar grant on the federal level
o Stipulations associated with the numerous grants are harmful to the company, forcing them to be avoided when possible
Voinovich Center works autonomouslyo The university will only interfere when budgets and stipulations are not
meto The university controls all legal affairs and liabilityo University gives three things to any of its centers
1. University title2. Start up dollars3. Tuition wavers for grad students
40% of revenue goes to Ohio University Research Fund o Half to research accounto Half to cover overhead costs
60% of revenue goes back into the center for executiono Expense of grants and all direct costs
RFID Testing Center 27
Appendix B:SWOT Analysis
Strengths
The proposed RFID testing center will be in close proximity of Ohio University and will be affiliated with the University. This means the testing center will receive instant credability by being affiliated with an institution of higher learning.
Todd Myers will be heavily involved with the testing center. He is highly knowledgeable of RFID technologies and other Auto ID technologies. His knowledge and expertise will be a huge benefit to the RFID center.
Since the RFID testing center will be located near Ohio University it will have the ability to obtain graduate students to work in the facility. Graduate students will provide an inexpensive way of staffing the RFID testing center.
The RFID testing center plans to offer very objective information to its clients. Since most of the RFID centers competitors will most likely have partnerships with RFID technology providers, these testing centers will not be able to offer objective information to their clients.
The testing center will work closely with The Ohio University College of Business, who houses a strong MIS department. This knowledge could be very beneficial to testing and developing proper software used in the RFID systems.
Weaknesses
The proposed testing center will be located in Athens, Ohio. Athens is a rural area with little recognition in the business and technology sectors.
RFID technology is very expensive and it would take a large amount of capital funding to develop an RFID testing center.
Since the RFID center will be located in Athens, Ohio it will be difficult for representatives from major companies to travel to the testing center and therefore decrease their likelihood of becoming a client of the testing center.
Given that the proposed RFID center does not plan to engage in any partnerships with RFID technology providers, the testing center will be limited in the amount of funding it can accept.
Opportunities
There is currently no testing center exactly like the one being proposed. The proposed RFID testing center will be distinct when compared any other testing center.
The proposed testing center will be unlike any other RFID testing center, in that it will offer unbiased recommendations concerning what type of RFID would be best for the client.
RFID technology is only recently becoming popular. In the near future many companies will want to implement RFID technology into there operations.
RFID Testing Center 28
Currently, Wal-Mart is requiring its’ top 100 suppliers to include RFID tags on shipping crates and pallets. Starting January 1st 2006 it will require its top 200 suppliers to include RFID tags. This will create a demand for RFID testing, as Wal-Mart’s suppliers will want to benefit from RFID technology.
The proposed RFID testing center will provide a large boost to the local economy and thus area investors might be more likely to investment in the testing center.
Threats
Currently many companies use a bar code system to do many of the same tasks that RFID would do. Some companies might not have the need or inclination to switch to RFID.
There are many consumer privacy groups that are currently trying to enact legislation against RFID technology. Any legal measure taken to limit RFID technology’s effectiveness will only discourage companies from using RFID technology.
There is the possibility that eventually a new technology would be developed, making RFID obsolete.
If the proposed RFID testing center is not developed soon enough, many companies will have already implemented RFID technology into their business and not require the service of the RFID center.
There are regulations that affect RFID technology and the proposed testing center will have to abide by these regulations. However, regulations are not standardized across the board and this could prove troublesome for the testing center.
RFID Testing Center 29
Appendix C:Calculations for Promotion
Drive to Airport
$.09/mile of gas + time and mileage =$.35per mile * 74.67 Miles from OU to Columbus ~$27 *2 for there and back = $54
Todd Myers Pay
Avg 40 hrs/wk * 52 wks=2080 hrs/yr worked40hrs needed of his time / 2080 hrs per yr= 1.9% of salary
Will be paying Myers $1055
All other costs were found via the internet. Variable costs are a guess.
RFID Testing Center 30
Appendix D:Screenshot of Mockup Homepage
RFID Testing Center 31
Appendix E:IBM’s Pricing Model
RFID Testing Center 32
RFID Testing Center 33
Source: www.IBM.com
RFID Testing Center 34
Appendix F:IT Consulting Prices
Oracle Developers Consulting Prices
Burleson Oracle Systems Developers are among the best in the world and can perform virtually every Oracle programming & development task remotely. These rates are for a Certified Oracle Professional developer consultant with extensive real-world Oracle developer experience.
If you require on-site system developers, you can quickly have an OCP Certified Developer for a $50/hr premium, plus travel time and expenses.
Remote Oracle Consulting Rate
Four days minimum $130 / hour
1 Week - 3 Weeks $125 / hour
1 Month - 3 Months $120 / hour
4 Months + $110 / hour
Source: http://www.dba-oracle.com/consulting_prices.htm#oracle
RFID Testing Center 35
Appendix G:Potential Federal Loan Information
SBA GUARANTY LOAN 7 (A)
Type Partial loan guarantee
Eligible Businesses: Retail, commercial, manufacturing, distribution or service
Size Standards Must have fewer than 500 employees
Use Working capital; acquisition of supplies, inventory or fixed assets; financing
of contracts
Maximum $750,000 guaranteed at 75% (80% if total loan is $100,000 or less)
Term 5 to 10 years for working capital; up to 25 years for fixed assets (not to
exceed life of equipment)
Rates Negotiated, up to prime rate plus 2.75%; may be fixed or variable
Equity Start-ups must have 20% to 30% equity investment; more is required on
higher risk businesses; requires a personal guarantee
Bank Loan Required; application is submitted through a private lender
Contact:
U.S. Small Business Administration
Federal Building, U.S. Courthouse
85 Marconi Blvd., Room 512
Columbus, OH 43215
phone: 614-469-6860
RFID Testing Center 36
USDA BUSINESS & INDUSTRY LOAN GUARANTEES
Type Partial loan guarantee
Eligible
Businesses:
Most for-profit businesses; exceptions and ineligible purposes include charitable
institutions, churches and fraternal organizations, lending and investment
institutions, insurance companies, race tracks, golf courses and revolving lines of
credit
Use Up to 80% loan guarantee for acquisition of real estate, machinery and equipment
or term working capital
Maximum $10,000,000; $25,000,000 under limited circumstances
Term Maximum is 7 years for term working capital; 15 years for machinery and
equipment; 30 years for real estate
Rates Fixed or variable
Equity Minimum is 10% tangible balance sheet; Start-ups should have tangible book
equity of 20% - 25%
Job Creation Goal is $40,000 of loan guarantee for each job created or retained
Bank Loan Collateral: Must be sufficient to protect the interest of the lender and USDA;
generally personal guarantees are required
Fees A one-time guarantee fee, equal to two percent (2%) of the guaranteed portion of
the loan is due at the time the guarantee is issued
Contact:
James Cogan
U.S. Department of Agriculture, Rural Development
Federal Building, Room 507
200 North High Street
Columbus, OH 43215
phone: 614-255-2420 · fax: 614-255-2562
Source: http://www.athenschamber.com/fdifederal.html#504
RFID Testing Center 37
Appendix H:Potential State Loan Information
OHIO MINI-LOAN PROGRAM
Type Partial loan guarantee
Eligible
Businesses
Retail, commercial, manufacturing, distribution or service; targeted 50%
allocation to businesses owned by minorities and women
Size Standards Must have 25 or fewer employees
Use Fixed assets and equipment for small businesses or start-up operations
Maximum Projects up to $100,000
Term Maximum term is set by lender, not to exceed life of assets
Rates Interest rate of the state guarantee of the loan is currently 5.5%, and may be
fixed for 10 years; the un-guaranteed portion will be set by the lender
Equity Determined by lending institution
Bank Loan State guarantees up to 45% of an eligible bank loan
Contact:
Ohio Department of Development
Minority Development Financing Commission
77 South High Street, PO Box 1001
Columbus, OH 43216
phone: 614-644-7708 · 1-800-848-1300
Source: http://www.athenschamber.com/fdifederal.html#504
RFID Testing Center 38
Appendix I:Research and Development Tax Exemptions
RESEARCH AND DEVELOPMENT TAX EXEMPTION
Type In order to reward companies that make a commitment to research and development, the
Ohio legislature, as part of the 1993 Job Creation Act, approved the Research and
Development Tax Exemption.
The exemption sets two basic standards: 1. It applies only to equipment, and 2. the
equipment must be used in qualified research and development activities.
"Qualified" research covers both "pure" (scientific and technical) research work and
"directed" research, that which is aimed at designing, creating or formulating new or better
products, equipment or processes.
Under the Research and Development Tax exemptions, companies in Ohio have an
incentive to produce and perfect the technologies and products that will command the
marketplace in the century ahead.
Contact:
Contact: Ohio Department of Development
Office of Financial Incentives
77 South High Street
PO Box 1001
Columbus, OH 43216-1001
614-466-5420 · 1-800-848-1300
Source: http://www.athenschamber.com/fdifederal.html#504
RFID Testing Center 39
Appendix J: Training Information
OHIO INDUSTRIAL TRAINING PROGRAM
Type The Ohio Industrial Training Program (OITP) is part of the Economic Development Division
of the Ohio Department of Development and is administered through the Governor's
Economic Development Regional Offices throughout the State.
By providing training dollars from the Ohio Department of Development, the program may
be able to reduce the financial burden of meeting employee training needs that occur due
to the addition of new employees, new equipment acquisition, new business start-up,
expansion of current operations, or employee up-grading due to new product introduction
and-or use of new technology.
Generally, the program may reimburse for up to one-half of the project's eligible training
costs, excluding wages of the trainees. The OITP provides funds on a first-come, first-
served basis during each fiscal year.
Note: Based upon the somewhat limited availability of OITP funds, by being located in
Appalachia Ohio, Funds for Appalachian Industrial Retraining (FAIR) is also available to
help off-set the cost of training new employees.
Contact:
Bernie Murphy, OITP Training Coordinator
Ohio Department of Development - Regions 10 & 11
2146 Southgate Parkway
Cambridge, OH 43725
phone: 740-439-4238
Source: http://www.athenschamber.com/fdifederal.html#504
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Appendix K:Building Floor Plan
The Original Plans of the 1st Floor of Central Classroom Building
The Remodeled version of what the 1st Floor of Central Classroom Building would look.
RFID Testing Center 41
Appendix L:Trans-norm Conveyor Belt Pricing
PRICES
Conveyor Surface Width 11" 13" 15" 17" 19" 21" 23" 25" 27" 29"
Overall Frame Width 16-1/2" 18-1/2" 20-1/2" 22-1/2" 24-1/2" 26-1/2" 28-1/2" 30-1/2" 32-1/2" 34-1/2"
45° $4,704 $4,704 $4,704 $4,752 $5,753 $5,753 $5,753 $7,172 $7,172 $7,172
60° $5,160 $5,160 $5,160 $5,160 $5,789 $6,232 $6,232 $6,232 $7,904 $7,904
90° $5,372 $5,372 $5,372 $5,372 $5,447 $6,425 $6,425 $6,425 $8,270 $8,270
180° $8,472 $8,472 $8,472 $8,472 $8,537 $9,727 $9,727 $9,727 $12,402 $12,402
Conveyor Surface Width 31" 33" 35" 37" 39" 41" 43" 45" 47" 49"
Overall Frame Width 36-1/2" 38-1/2" 40-1/2" 42-1/2" 44-1/2" 46-1/2" 48-1/2" 50-1/2" 52-1/2" 54-1/2"
45° $7,172 $7,172 $7,265 $7,265 $9,205 $9,205 $9,205 $9,205 $9,205 $9,205
60° $7,904 $7,904 $7,941 $7,941 $10,211 $10,211 $10,211 $10,211 $10,211 $10,211
90° $8,270 $8,270 $8,368 $8,368 $10,730 $10,730 $10,730 $10,730 $10,730 $10,730
180° $12,402 $12,402 $12,577 $12,577 $16,420 $16,420 $16,420 $16,420 $16,420 $16,420
Source: <http://www.gilmorekramer.com/more_info/hytrol_transnorm_belt_curve_conveyor/hytrol_transnorm_belt_curve_conveyor.shtml>
RFID Testing Center 42
Appendix M:Horizontal Conveyor Belt Pricing
Belt Widths
10" 12" 14" 16" 18" 20" 22" 24" 28" 30" 34" 36" 42" 48"
Between Rail Widths
13" 15" 17" 19" 21" 23" 25" 27" 31" 33" 37" 39" 45" 51"
Overall Frame Widths
SIZE TO
ORDER
Overall
Length "A"
Bed Length "L" 16" 18" 20" 22" 24" 26" 28" 30" 34" 36" 40" 42" 48" 54"
12' 10’ $2,47
9 $2,53
8 $2,59
4 $2,65
3 $2,71
1 $2,76
9 $2,82
6 $3,05
3 $3,17
0 $3,22
5 $3,34
1 $3,399 $3,572 $3,745
17' 15’ $2,71
8 $2,78
8 $2,85
7 $2,92
8 $2,99
8 $3,06
7 $3,13
9 $3,37
8 $3,51
9 $3,58
8 $3,73
0 $3,799 $4,009 $4,221
22' 20’ $2,91
1 $2,99
6 $3,07
6 $3,16
1 $3,24
3 $3,32
6 $3,40
8 $3,66
0 $3,82
7 $3,90
8 $4,07
5 $4,156 $4,404 $4,653
27' 25’ $3,14
7 $3,24
3 $3,33
7 $3,43
4 $3,52
9 $3,62
3 $3,72
0 $3,98
2 $4,17
5 $4,26
9 $4,46
1 $4,555 $4,841 $5,127
32' 30’ $3,34
1 $3,45
1 $3,55
6 $3,66
6 $3,77
4 $3,88
0 $3,98
9 $4,26
5 $4,48
3 $4,58
8 $4,80
6 $4,912 $5,235 $5,560
37' 35’ $3,57
9 $3,70
1 $3,81
8 $3,94
0 $4,06
2 $4,17
9 $4,30
2 $4,58
9 $4,83
3 $4,95
1 $5,19
5 $5,312 $5,674 $6,034
42' 40’ $3,77
3 $3,90
9 $4,03
7 $4,17
3 $4,30
6 $4,43
8 $4,57
1 $4,87
1 $5,14
0 $5,27
0 $5,53
9 $5,669 $6,068 $6,467
47' 45’ $4,00
9 $4,15
6 $4,29
9 $4,44
7 $4,59
3 $4,73
5 $4,88
3 $5,19
5 $5,49
0 $5,63
1 $5,92
6 $6,068 $6,504 $6,942
52' 50’ $4,20
4 $4,36
4 $4,51
8 $4,67
8 $4,83
9 $4,99
2 $5,15
3 $5,47
7 $5,79
7 $5,95
1 $6,27
0 $6,425 $6,899 $7,374
57' 55’ $4,44
1 $4,61
4 $4,78
0 $4,95
3 $5,12
6 $5,29
2 $5,46
5 $5,80
1 $6,14
7 $6,31
3 $6,65
9 $6,825 $7,337 $7,849
62' 60’ $4,63
5 $4,82
2 $4,99
9 $5,18
6 $5,37
1 $5,54
9 $5,73
5 $6,08
3 $6,45
5 $6,63
2 $7,00
4 $7,182 $7,731 $8,282
67' 65’ $4,87
1 $5,06
9 $5,25
9 $5,45
9 $5,65
7 $5,84
7 $6,04
7 $6,40
6 $6,80
4 $6,99
4 $7,39
0 $7,581 $8,169 $8,755
72' 70’ $5,06
6 $5,27
7 $5,47
9 $5,69
1 $5,90
2 $6,10
5 $6,31
6 $6,68
8 $7,11
1 $7,31
3 $7,73
6 $7,938 $8,563 $9,188
77' 75’ $5,30
3 $5,52
7 $5,74
0 $5,96
5 $6,18
9 $6,40
4 $6,62
9 $7,01
3 $7,46
1 $7,67
5 $8,12
4 $8,338 $9,000 $9,664
82' 80’ $5,49
7 $5,73
5 $5,96
1 $6,19
8 $6,43
4 $6,66
1 $6,89
8 $7,29
5 $7,76
9 $7,99
5 $8,46
8 $8,695 $9,396 $10,09
7
87' 85’ $5,73
4 $5,98
2 $6,22
1 $6,47
2 $6,72
0 $6,96
0 $7,20
9 $7,61
8 $8,11
7 $8,35
6 $8,85
6 $9,094 $9,832 $10,57
0
92' 90’ $5,92
7 $6,19
0 $6,44
1 $6,70
4 $6,96
5 $7,21
7 $7,47
8 $7,90
0 $8,42
5 $8,67
5 $9,20
0 $9,451 $10,22
7 $11,00
3
97' 95’ $6,16
5 $6,44
0 $6,70
2 $6,97
8 $7,25
2 $7,51
6 $7,79
1 $8,22
4 $8,77
4 $9,03
8 $9,58
8 $9,851 $10,66
5 $11,47
9
102' 100’ $6,35
9 $6,64
8 $6,92
2 $7,21
1 $7,49
8 $7,77
3 $8,06
1 $8,50
7 $9,08
3 $9,35
8 $9,93
3 $10,20
8 $11,05
9 $11,91
1
Source: <http://www.gilmorekramer.com/more_info/hytrol_transnorm_belt_curve_conveyor/hytrol_transnorm_belt_curve_conveyor.shtml>
RFID Testing Center 43
Appendix N:Income Statements
RFID Testing CenterIncome Statement
Year 1
Revenues 450,000.00$
Operating Expenses
Salary/Wage Expense 245,440.00$ Security Expense 2,500.00$ Rent Expense 40,000.00$ Promotion/Marketing Expense 17,394.00$
Total Operating Expenses 305,334.00$
Income 144,666.00$
RFID Testing CenterIncome Statement
Year 2
Revenues 550,000.00$
Operating Expenses
Salary/Wage Expense 245,440.00$ Security Expense 2,500.00$ Rent Expense 40,000.00$ Promotion/Marketing Expense 17,394.00$ Deperciation Expense 13,338.33$
Total Operating Expenses 318,672.33$
Income 231,327.67$
RFID Testing Center 44
RFID Testing CenterIncome Statement
Year 3
Revenues 600,000.00$
Operating Expenses
Salary/Wage Expense 245,440.00$ Security Expense 2,500.00$ Rent Expense 40,000.00$ Promotion/Marketing Expense 17,394.00$ Deperciation Expense 13,338.33$
Total Operating Expenses 318,672.33$
Income 281,327.67$
RFID Testing CenterIncome Statement
Year 4
Revenues 650,000.00$
Operating Expenses
Salary/Wage Expense 245,440.00$ Security Expense 2,500.00$ Rent Expense 40,000.00$ Promotion/Marketing Expense 17,394.00$
Total Operating Expenses 305,334.00$
Income 344,666.00$
RFID Testing Center 45
Appendix O:Return on Investment and Payback Period
Year 1 ROI = 0.144666 Year 3 ROI = 0.657321144,666.00$ 657,321.34$
1,000,000.00$ 1,000,000.00$
Year 2 ROI Year 4 ROI = 1.001987375,993.67$ = 0.375994 1,001,987.34$
1,000,000.00$ 1,000,000.00$
Payback Period = 3.992066 years
1,000,000.00$ 250,496.83$