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1 year ago

a may be dfined as decriptio nof a proposed copmany that explains how it epxects to achieve its marketing

1 answer:

6 0

A business plan may be defined as a description not a proposed company that explains how it expects to achieve its marketing, financial, and operational goals.

<h3>What is a business plan?</h3>

A business plan outlines a company's goals and how it intends to reach them in great detail. A written road map for the company's marketing, financial, and operational goals is provided in a business plan. Business plans are used by both new businesses and established ones.

An essential document aimed at both internal and external audiences is a business plan. For instance, before a business has developed a track record that can be relied upon, a business plan is used to entice investment. Obtaining loans from financial institutions can also be aided by it.

A business plan can also keep the executive team of a company focused on achieving set objectives and on the same page about strategic action items.

To know more about 'Business plan', visit: brainly.com/question/1958071

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Toggle Company reported sales of $310,000 and cost of goods sold of $180,000 for 20X2. During 20X2, Toggle’s accounts receivable

kiruha [24]

Answer:

Cash Received from customers = $293,000

Cash payments to suppliers = $167,000

Cash flows from operating activities = $460,000

Explanation:

<u>Cash Received from customers is calculated as follows :</u>

Sales $310,000

Less Increase in accounts receivable ($17,000)

Cash Received from customers $293,000

<u>Cash payments to suppliers is calculated as follows :</u>

Cost of goods sold $180,000

Decrease in Inventory $8,000

Decrease in Payable ($21,000)

Cash payments to suppliers $167,000

<u>Cash flows from operating activities is calculated as follows :</u>

Cash Received from customers $293,000

Cash payments to suppliers $167,000

Cash flows from operating activities $460,000

7 0

3 years ago

Windsor, Inc. just began business and made the following four inventory purchases in June:

alisha [4.7K]

Answer:

c. the average cost method.

Explanation:

Windsor INC. purchased inventory during the month of June as follows:

June 1 129 units at $890

June 10 172 units at $1340

June 15 172 units at $1440

June 28 129 units at $ 1140

and at the end of the period, there are 180 units on hand.

In order to get highest gross profit the closing sock should be the highest, accordingly the value of inventory at hand should as as follows under different method explain below:

Under FIFO method the inventory first enter into the enterprise is available for sale at first so the inventory of 180 units at end should be values at the last price mentioned in the question i.e $1140, therefore the value amounts to $1140*180 units=$205200

Under LIFO method, likewise the last entered inventory will be available for sale and the inventory at the end of period will be valued at the price at which the inventory first bought i.e $890, therefore the value amounts to 180 units*$890=$160200

Under Average cost method the effect of differential price is distributed over the quantity bough during a period so that the company remains in ineffective condition during the period from the price change

Average cost per unit= (129*$890 +172*$1340+ 172*$1440+129*$1140)/602 units

=$1229.29

and for the 180 units the value amounts to 180*$122.29=$221271.429

so, as per explanation given above, it is certain that the highest value will be in average cost method.

The correct option is - c. the average cost method.

5 0

2 years ago

When hope springs purchases refillable bottles for its water, it submits its orders directly from its computer system to its sup

Ipatiy [6.2K]

Answer:Electronic data interchange (EDI)

Explanation:

Because manual operation in business tend to cause sluggish processing of documents, Electronic data interchange (EDI) is adopted which is the use of standard electronic format to replaces paper-based documents like purchase orders or invoices, postal mail, fax so that business operations and recordings can flow straight through to the appropriate application.

Using a standard format like ANSI, EDIFACT etc for EDI documents is necessary so that computers in use understands each piece of information is and in what format it should document so as to pass relevant information to a receiver.

Because the exchange of EDI documents is typically between business partners, Electronic Data Interchange is important because it helps to eliminates manual data entry errors ,Streamline transaction processing leading to Increases productivity because it easier and more cost-effective since business do not require more staff.

6 0

3 years ago

In the summer, ben often jogs during the middle of the day. when he exercises in these conditions, he sweats heavily. the recomm

stira [4]

In order for Ben to maintain his fluid balance, he should take huge amounts of liquid, and the best liquid that he should take is water. He should take and drink water when jogging, in order to keep himself hydrated as he sweats a lot and when he does not consume water with this behavior, he would likely be dehydrated as he loses the balance of maintaining liquid in his body.

3 0

3 years ago

The monthly demand q for a monopolist firm's product in a certain market (measured in 1000s of units) is related to the price pe

Gnesinka [82]

Answer: (b) -3.08

Explanation:

The relationship between the demand(q), price per unit product(p) and the disposable income,yd is given by the expression below;

q= 20ln(7yd-2p).

From the expression above, the marginal demand,

∂ q/∂ p is the differential of the equation of relationship between the demand, price and disposable income.

This involves considering the demand,q as the dependent variable and the price per unit product,p as the independent variable and the disposable income,yd is considered constant.

Therefore ,

∂ q/∂ p= (-40)÷(7yd-2p)

By substitution of

yd =$3000÷1000= $3

and p= $4

∂ q/∂ p= (-40)÷((7×$3)-(2×$4))

∂ q/∂ p= -40÷13= 3.08

Please see the attachment for knowledge on how ∂ q/∂ p was obtained.

7 0

2 years ago