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geniusboy [140]
3 years ago
7

A ________ is a formal document that states the goals of the business as well as the intended process for reaching those goals.

Business
1 answer:
Digiron [165]3 years ago
3 0
A business plan is a formal document that states the goals of the business as well as the intended process for reaching those goals. This provides a market analysis. This basically provides the investors an idea of how the company will make use of its money and conduct business.
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Michael Company reports the following account balances at the end of the first year of​ operations: Revenues $ 160 comma 000 Cos
professor190 [17]

Answer:

$46,000

Explanation:

The computation of the total liabilities at the end of the first​ year is shown below:

We know that

Total assets = Total liabilities + stockholder equity

where,

Total assets = Cash + land + short term investment

                    = $102,000 + $40,000 + $14,000

                    = $156,000

Stockholder equity = Common stock + net income - dividend paid

                                = $50,000 + 72,000 - $12,000

                                = $110,000

So, the total liabilities would be

= $156,000 - $110,000

= $46,000

Working Note:

The net income is

= Revenue - cost of goods sold - Salaries Expense -  Utilities Expense - Advertising Expense ​

= $160,000 - $46,000 - $21,000 - $11,000 - $10,000

= $72,000

3 0
3 years ago
There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can’t afford
Mars2501 [29]

Answer:

Allow one key employee to operate the bank account personally.

Explanation: Allowing one key employee to operate the bank account personally is a major non compliance in management of business ventures. Two or more persons with TRUSTED INTEGRITY can be assigned especially if they are PERMANENT STAFF and in MANAGEMENT POSITIONS. This two factors will help to Prevent or reduce the chance of any Criminal or fraudulent activities.

8 0
3 years ago
Name four external factors that have an influence on business. Give examples of the ways in which each factor can affect the bus
serious [3.7K]

Answer:

The following are the answer to this question:

Explanation:

The name of four factors can be defined as follows:

  • Economy: The term economy is the most important factor in your business and the volatility of stocks focused on political movements, wars, violence, and changes in currency.
  • Legal: One industry might have been affected by state, local or governmental changes to the law. The court's ruling has continued to suffer for instance from cigarette firms. Also because the jury has helped make certain adjustments, tobacco products weren’t purchased to a child under 18 years old.  
  • Environmental: It is also the external entity, that can affect your organization, as though users produce specific goods, which can create stench and smoke, as well as the impact on the environment, in which the goods are prohibited by authorities.  
  • Political: Some political reasons, which could affect the business, that is also known as the levels of corruption, regulation against secrecy, regulation on discrimination.
7 0
3 years ago
In 2019, selected automobiles had an average cost of $12,000. the average cost of those same automobiles is now $13,200. what wa
maksim [4K]

The rate of increase for these automobiles between the two time periods is  10%

<h3>What is automobiles?</h3>

Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.

In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-

Increased rate = (current value -Initial value )/current value * 100

                         =( $13,200 -  $12,000)/  $12,000 *100

                          =$1200/ 12000 *100

                          = 10%

                           

Therefore, the rate of the increase for these automobile between 2 periods is 10%.

Learn more about increase rate here:

brainly.com/question/20820218

#SPJ1

5 0
2 years ago
List any THREEshopping skill that you will follow.
Viefleur [7K]
1. Comparing prices
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them


There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.
7 0
3 years ago
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