Understanding Invoice Discount Example for Research and Development

On invoice discount example for Research and Development

[Music] hi guys this is john here in this session we will look at the practical aspect of r d which is research and development and entering this information on the entropedia platform for our company that we are creating which is called enabler okay guys so in the previous section we looked at competition and the next step here is now specifying the rnd cost so the first question you have to ask is are you going to do rnd yes or no if you click on no then there is no information to be put in here but we are assuming in our company enabler that yes we are going to provide rnd so we are going to click on yes now we are going to hire two engineers so we are going to hire two engineers the first engineer will be manohar desai and his monthly salary will be 25 000 rupees the second employee i'm hiring is swapnil and his salary is again 25 000 rupees you can decide what salary you want to give your engineer but i'm just showing you how your cost starts getting calculated okay guys so we need manohara and swapnil at 25000 rupees if you want to add a new employee just click on the plus sign here and enter their information now the next question about r d that we need to ask is how long do we need them for because if you remember in the previous lecture i had discussed in terms of what is the process of rnd and how the r d cost is calculated so here we are assuming for four months we will need swapnil and manohar so they will be working on four months for the product so once you enter this information click on save and next okay so this was a short practical session on how to enter the r d information here on entropedia now in case you want to go back to any section you can go up and click on let's say competition or customer here so you can click on any of these sections instead of clicking previous again and again so let me say for example if i click on competition it takes me right back to the competition stage so you can go back for answers that you have already given but in case you have not given answers in the future sections it will not allow you it will say you cannot navigate to a future question this is just a quick feature i wanted to show you on entrepreneur so let's go back to r d that we've already done and then we will come to our cost of making the product now this i will cover in the next lecture we will go through the different aspects of labor and material which i will explain to you first in theory and then we will look at it from a practical aspect okay guys i hope this practical session was clear for you guys i'll see you guys in the next session thank you