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3 years ago

What is the first thing you should do when you begin writing your business plan?

Business

2 answers:

miv72 [106K]3 years ago

6 0

Identify your target audience and needs

MrRa [10]3 years ago

4 0

Identify who your talking to (audience) and what your target is ( what you are planning on doing and how you wanna do it). Hope this helps!!! :)

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The before-tax income for Culver Co. for 2017 was $101,000 and $84,100 for 2018. However, the accountant noted that the followin

valentina_108 [34]

Answer:

Corrected income before tax year 2017 = $65,690

Corrected income before tax year 2018 = $102,467

Explanation:

According to the scenario, computation of the given data are as follow:-

Particular Year 2017 ($) Year 2018 ($)

Income before tax 101,000 84,100

Corrections

1. In 2017, unearned sales -36,200

Sales added in 2018 36,200

2. In 2017, understated ending inventory 9,500

In 2018, overstated opening inventory -9,500

3. Add-wrongly charged interest expenses 13,800 13,800

Less-actual interest expenses

In 2017 ($230,000-$14,000)×7%=$216,000×7% -15,120

In 2018, bond of carrying amount

=$216,000+($15,120-$13,800)=$217,320

In 2018, Actual interest expense=($217,320×7%) -15,212

4 Add-wrongly charged depreciation expenses

In 2017=($8,100×10%) 810

In 2018,=($8,100-$810)×10%+$8,500×10% = 1,579

Less-actual expenses for repairs -8,100 -8,500

Corrected income before tax 65,690 102,467

4 0

3 years ago

External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.

Lerok [7]

Answer: how a job’s pay rate in one company compares to the job’s pay rate in other companies

Explanation: External equity refers to the situation when a company's pay rate differs from the market's pay rate to the employees of the organisation. It is also termed as matching strategy.

It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.

From the above explanation we can conclude that the correct option is A.

4 0

3 years ago

True or false? if prospects can get the answers to their questions and see themselves as characters in your story, they’ll be mo

Alexxx [7]

This is a <u>true</u> statement. If you can imagine yourself as a prospect who can get answers to your questions and as a character in a business story, you'll be more likely to buy from them rather than a business to which you can't relate.

To effectively tell your company's story, you must have a mission and supporting values that your prospects can relate to.

Your content's narrative conflict should be driven by the needs, problems, and buyer's journey stage of your prospects.

Always keep in mind that every story needs three storytelling components, such as characters, conflict, and resolution, so make sure yours is accurate and relatable.

Learn what appropriate questions a prospective buyer should ask about the operation of the business when buying an existing business: brainly.com/question/25211092

#SPJ4

7 0

1 year ago

A few years ago, Toyota found that consumers wanted cars to last longer and be more environmentally friendly. GM, however, enjoy

Allushta [10]

Answer:

General Motors had more of a Production Orientation

Explanation:

The company which is production oriented focuses on the production and company's production processes and runs campaigns to sell the product produced or the product they are producing. General motors produced the products which it is good in producing the products and won the market against great giants like Ford, Toyota and German auto companies. Whereas Toyota was developing market which is newly born and started pricing their products on the basis of products that were desired (environmentally friendly products) and lost the market because of lost of market share as this market was in introduction phase and Toyota left a market which was at maturity. Then it is obvious that Toyota has revenue losses due to leaving its concentration and marketing of products to mature market and was busy in developing environmentally free products market in US.

7 0

3 years ago

Payback Period Payson Manufacturing is considering an investment in a new automated manufacturing system. The new system require

MrRissso [65]

Answer:

a. 4 years

b. 5 years

Explanation:

The payback period is the time taken for the cash inflows from an investment to equal to the initial cash outflow or amount invested. To get this, the cash inflow are deducted from the outflows until the net is zero.

Considering both expected cash flows (all amounts in $);

Period Initial out flow Inflow Balance Inflow Balance

Year 0 (1,200,000) 0 (1,200,000) 0 (1,200,000)

Year 1 300,000 (900,000) 150,000 (1,050,000)

Year 2 300,000 (600,000) 150,000 (1,050,000)

Year 3 300,000 (300,000) 400,000 (1,050,000)

Year 4 300,000 0 400,000 (1,050,000)

Year 5 100,000 (1,050,000)

From the table above, with an inflow of $300,000 yearly, the inflows would equal the total outflow in 4 years while the annual cash flows: $150,000, $150,000, $400,000, $400,000, and $100,000 would make the inflows equal to the outflows in 5 years.

3 0

3 years ago

Read 2 more answers