Answer:
The answer is option B) without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
Explanation:
The financial plan of an organization also known as financials is a record used to determine how a business will afford to achieve its strategic goals and objectives.
The Financial Plan collates each of the activities, resources, equipment and materials that are needed to achieve these objectives and specify time frames involved.
A financial plan contains a sales forecast, expense budget, cash flow statement, income projections, asset and liabilities, depreciation table, break even analysis and pre-operating costs. It shows whether the firm is making profit or running at a loss.
It is usually prepared in a spreadsheet.
This plan is what the bank and investors will need to evaluate your business.
Without a carefully calculated financial plan, a firm has little chance for survival, regardless of its product or marketing effectiveness.
Based on the sales revenue that the ice cream manufacturer got and the cost of goods sold, the total gross profit on ice cream sales is $300,000.
<h3>How is the total gross profit calculated?</h3>
This can be found as:
= Sales revenue - Cost of goods sold
Sales revenue:
= 200,000 x 4.70
= $940,000
Cost of goods sold:
= Total production cost / Total units produced x Units sold
= 665,600 / 208,000 x 200,000
= $640,000
Gross profit:
= 940,000 - 640,000
= $300,000
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Answer:
$4.4 million
Explanation:
The ending retained earnings of Lambert incorporation increases by $1.8 million
The net income earned during the year is $5.4 million
Therefore the amount of dividend declared and paid by Lambert incorporation can be calculated as follows
= $5.4 million - $1.8 million
= $4.4 million
Answer:
D. are used up in production
Explanation:
Raw materials can be seen as the "ingredients" required to produce a good and, thus, are consumable (used up in production). Physical capital refers to lasting goods that are assist the production process like buildings or machinery and are not consumable.
This effect is called the interest rate effect.
<h3>What is interest rate effect?</h3>
- The loan cost impact alludes with the impact of an increment or decline in total interest in an economy because of changes in loan costs set by the national bank of a country.
- Loan fees have an opposite relationship with total interest. At the point when rates are high, request is low and bad habit versa. Because higher loan fees mean higher getting costs, individuals will ultimately begin spending less.
- The interest for labor and products will then drop, which will make expansion fall. Likewise, to battle the rising expansion in 2022, the Fed has been expanding rates over time.
To learn more about interest rate effect from the given link
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