The financial analysis component of a business plan is to describe _____.

1 answer:

8 0

The financial analysis component of a business plan is to describe the viability, stability and profitability of a business, sub-business or project.
It is an aspect of the overall business finance function which includes the examining historical data to acquire information about the current and future financial health of a company, business or project.

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Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger sc

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Answer:

fostering competition

Explanation:

By deciding to focus on a particular niche these smaller firms in effect foster competitions among other larger firms.

For example, if in a market for shoes, a small firm A, that is newly established decides to focus only on selling shoes for children after recognizing they cannot match up with an existing larger company B that sells a variety of shoes (both children and adult shoes). At a point in time when a number of small businesses are operating in this manner, the larger companies would recognize and account for their influence on the market.

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In performing accounting services for small businesses, you encounter the following situations pertaining to cash sales. 1. Ivan

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Answer:

Requirement: Prepare the entry to record the sales transactions and related taxes.

1. Date Account Titles and Explanation Debit Credit

Apr. 10 Cash $30,975

Sales Revenue $29,500

Sales Tax Payable $1,475

(To record Cash sales along with sales tax)

2. Date Account Titles and Explanation Debit Credit

Apr. 15 Cash $18,530

Sales Revenue $17,000

Sales Tax Payable $1,530

(To record Cash sales along with sales tax)

Workings

- Total Sales along with sales tax = $18,530, Sales Tax Rate = 9%. Sales Tax Amount = 18530*(0.09/1.09) = $1,530

- Sales Without Sales Tax = $18,530 - $1,530 = $17,000

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Holding everything else constant, a decrease in the price of bicycles will result in a. a decrease in the quantity of bicycles d

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d. an increase in the quantity of bicycles demanded.

Explanation:

For this question, the law of demand applies.

According to the law of demand, when the price of the good increases the quantity demanded of that good would be decreased keeping other things constant and when the price of the good decreases the quantity demanded of that good would be increased keeping other things constant.

It reflects the inverse relationship between the price and the quantity demanded of the good.

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Explanation:

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