Other expenses are based on management's estimates and industry averages.
2.3 Start-up Summary Our Start-up expenses are based on the costs involved with the build-out improvements of the planned space (an historic structure that needs upgrading), and for the marketing and operational expenses needed to get up and running for the first couple months until we get on our feet financially through programming, retail, and services income.
Expenses are based on the following assumptions: Loan repayment is estimated at $163,000 total borrowing, at 8.5% with 6 year term, equaling payments of $2897 per month (principal repayment listed in the Cash Flow, and interest expenses in the Profit and Loss, below).
Housing expense is based on on-campus and off-campus options.
Once a decision has been made to ensure data will be retrievable after a disaster, the main expense is based on the tools implemented.
Rental Expense is based on leasing 2,000 square feet at $12.50 per square foot.
Originally, the expenses were based mostly on revenues (with caveats).
"The rapidly softening economy directly impacted our revenues, and left us with expenses that were based on previously planned, higher growth rates," Tod Johnson, the chairman and chief executive of Jupiter Media Metrix, said yesterday.
In 2003, then, expense allocations were based on revenues, but the "freeze" froze the percentage of expenses for the year 2001.
