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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

What is the drawback of carrying more inventory than is needed?

lbvjy [14]

Answer:

One of the most important disadvantages of excess inventory is the loss of revenue. Products depreciate over time and lose their initial value. So the longer you hold a product, the cheaper it gets.

7 0

3 years ago

Read 2 more answers

Blue Vibrance Company sells a product used in many manufacturing processes. The sales activity involves three activity areas: Ac

hjlf

Answer:

The answer and procedures of the exercise are attached in a microsof excel document.

Explanation:

After a research on internet I found the exercise and the questions better explained. The correct formulation is attached as an image. Please let me know that we are looking to the same exercise.

Please consider the data provided by you. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx

3 0

3 years ago

Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products ar

Murrr4er [49]

Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.

Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.

Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high. Also, when substitute of a product is available in the market, the buyer power increases.

Hence, most prevailing switching costs are monetary in nature.

To learn more about switching costs here:

brainly.com/question/15561738

#SPJ4

7 0

2 years ago

5. The Bureau of Economic Analysis reported that, in real terms, overall consumer spending increased by $345.8 billion in 2015.

ikadub [295]

Answer & Explanation:

a. MPC = 0.50; Change in consumption spending = $345.8 billion

According to multiplier formula,

Change in real GDP/ Change in consumption spending = 1/(1-MPC) = 1/(1-0.5) = 1/0.5 = 2

So, Change in GDP = Change in consumption spending*2 = (345.8)*2 = $691.6 billion

Change in GDP = $691.6 billion

b. Change in investment = -$100

According to multiplier formula,

Change in real GDP/ Change in investment = 1/(1-MPC) = 1/(1-0.5) = 1/0.5 = 2

So, Change in GDP = Change in investment*2 = (-100)*2 = -200

So, total change in GDP = 691.6 - 200 = $491.6 billion

Change in real GDP = $491.6 billion

c. Percentage change in real GDP = (Change in Real GDP/GDP at the end of 2014)*100 = (491.6/15,982.3)*100 = 3.08%

7 0

3 years ago

Assume F&S offers a deal whereby enrolling in a new membership for $700 provides a year of unlimited access to facilities an

barxatty [35]

Answer:

a. There are two separate performance obligations in the contract. Gym membership is one performance obligation and the providing 25% discount on yoga classes is another performance obligation.

b. The standalone selling price of annual membership is $720. Therefore, F&S will allocate $28*((700*(30/720+30))$ of 700 contract price to the discount voucher on yoga course and the remaining $672 will be allocated to membership.

C. solution is in the image attached.

Explanation:

b. F&S offers a 10% discount on yoga classes to all customers as part of promotional strategy. Therefore a 25% discount voucher provides a customer with an incremental value of 15% (25%-10%). Thus, the estimated stand alone selling price of the discount voucher provided by F&S is $30 ($500 * 15% incremental discount * 40% likelihood of the vouchers being redeemed).

8 0

3 years ago