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3 years ago

When should you write the introduction and overview portion of your business plan?

1 answer:

6 0

Typically, a business plan would follow the same format as a thesis or a research paper. You will start with the introduction, the body, and the conclusion, then fill them up with subheadings. So the introduction and overview portion of your business plan will be written before anything else. The introduction or overview of a business plan is usually the industry overview or the background. This will give an idea first of the industry that you want to enter and how your business fits in.

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Pop owns 87% of the common stock of Sugar. On December 31, 2017, Pop's Receivables include $296,880 that Pop advanced to Sugar.

Sloan [31]

Answer: $296,880

Explanation:

Pop owns more than 50% of Sugar which means that Sugar is a subsidiary of Pop's. When this happens, trade between the two are not shown in the consolidated financial statement unless the goods traded have been sold off to a third party.

As these goods have not, and are still considered accounts receivable to Sugar, the entire amount will be removed from the consolidated financial statements.

6 0

3 years ago

On June 1, Oriole Company Ltd. borrows $100,000 from Acme Bank on a 6-month, $100,000, 6% note. The note matures on December 1.

gizmo_the_mogwai [7]

Answer:

<u>Journal Entry :</u>

Bank $100,000 (debit)

Note Payable : Acme Bank (credit)

Explanation:

In Oriole Company Ltd books the following entries must be made :

The assets of cash should be increase (debit) at the same time, the liabilities arising on the Note Payable must also increase (credit).

8 0

3 years ago

Stallion Corporation sold $100,000 par value, 10-year first mortgage bonds to Pony Corporation on January 1, 20X5. The bonds, wh

katovenus [111]

Solution :

a).

Amortization of the bonds premium semi annually = $ 250

Amortization of the bonds premium annually = 250 x 2

= $ 500

Bond premium = 500 x 10

= $ 5000

Par value bond = $100,000

Premium on the bonds = $ 6000

∴ Original price of the bonds = $ 106,000

b).

Original purchase price = $ 106,000

Semi annually periods from 1 Jan 20X5 to 31 Dec 20X7 = 3 yrs x 2 = 6 periods.

The premium amortization till 31st Dec, 20X7 = $ 250 x 6 = $1500

The balance of the bond investment account = $ 106,000 - $1500

= $ 104,500

c).

Event 1

Accounts Debit Credit

Bonds payable $100,000

Bonds premium (6000-1500) $4500

Interest income (5750 x 2) $ 11500

Investment in the Stallion Bonds $104,500

Interest expenses $ 11500

Event 2

Accounts Debit Credit

Interest payable $ 6000

Interest receivable $6000

7 0

3 years ago

Corporations are owned by __________.

USPshnik [31]

C. Stockholders. They buy parts of the company

7 0

3 years ago

Read 2 more answers

The unemployment rate in an economy is 7.5 percent. The total population of the economy is 250 million and the size of the civil

Masteriza [31]

The number of employed workers in this economy is A. 13.5 million

Explanation:

The number of unemployed people in the economy means the percentage of people who are actively seeking employment but cannot find a job for sustenance.

Thus, the ones who are seeking a job are the only ones that can be considered here.

So, the total population cannot be considered and the pool that justifies this demographic is the total labor force which is 180 million.

And the number of unemployed people would be calculated by multiplying the percentage of them with the total labor force which would be

7.5 * 180 = 13.5 million people.

Thus 13.5 people in the force are unemployed.

5 0

4 years ago