All categories

3 years ago

You are creating a budget for your new buissness what should you include

1 answer:

6 0

There are a lot of things that need to be included in a budget, but the two basics are income and liabilities. The reason for a budget is to ensure that you have enough money coming in to pay all your liabilities (aka bills) and have enough to reinvest into your business. You will need to include all your expected income for the budget period and all expenditures such as rent, utilities, payroll, taxes, etc.

Once you have established your budget, it is important for you as a business owner to stick to it.

You might be interested in

Leader Corporation Company uses a job-order costing system with a single plantwide pre-determined overhead rate based on machine

taurus [48]

Answer:

Selling price per unit= $196

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (400,000 / 50,000) + 6

Predetermined manufacturing overhead rate= $14 per machine hour

Now, we can allocate overhead and calculate the total cost:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 14*100= $1,400

Total cost= 1,400 + 750 + 2,750

Total cost= $4,900

Finally, the selling price per unit:

Unitary cost= 4,900/40= $122.5

Selling price= 122.5*1.6

Selling price= $196

3 0

3 years ago

What what is a good way to improve your marketability to employees

Vesnalui [34]

Low price.discount sale improve market.

4 0

3 years ago

If a company's current ratio increases from 1.2 to 1.4 from one year to the next, and its acid test ratio decreases from 0.20 to

Trava [24]

Answer:

The inventory has been reportedly increased and it should be checked.

Inventory management should be further examined.

Explanation:

Current Ratio = Current Assets/ Current liabilities

An increase in the current ratio means that there is an increase in the current assets or decrease in the current liabilities.

Acid test Ratio= Current Assets - Inventory / Current liabilities

If the acid test ratio is decreased it means that there is an increase in current liabilities or the current assets have decreased.

If we carefully look at the two formulas we find that inventory has increased and deduction of inventory from current assets reduces the amount of current assets and increases the current liabilities giving a bigger acid test ratio.

The inventory has been reportedly increased and it should be checked.

Inventory management should be further examined.

5 0

3 years ago

What process involves reducing the number of employees on the payroll to cut costs and increase profits?

Hatshy [7]

This is the defnition of downsizing

3 0

3 years ago

As chobani seeks to build its brand, it opened aunique retail store in new york city: chobanisoho. why did chobani do this?

AnnyKZ [126]

Innovative yoghurt recipes from Chobani SoHo are delivered in stunning glass jars.
Customers can choose from a wide range of combinations that start with Plain Chobani as the base and include components like Pistachio + Dark Chocolate and Cucumber + Olive Oil.
Prices are acceptable while being more than those for normal Chobani Greek Yogurt in order to draw in imaginative customers. Chobani SoHo has these three significant potential long-term benefits.

Customers can try new product ideas with various additive combinations to see if they might end up as a staple flavour in the Chobani line.
Examples of these additive combinations include flavour pairings and savoury components.

Giving consumers the opportunity to engage physically with the brand rather than just picking something up off the shelf, which increases customer loyalty and word-of-mouth advertising.

<h3>Who is Chobani?</h3>

Food manufacturer Chobani is on a mission to improve communities, improve the health of the global population, and increase access to wholesome food for all.

Learn more about marketing here:

brainly.com/question/13414268

#SPJ4

4 0

2 years ago