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3 years ago

Why is a business plan considered a living document?

Business

1 answer:

steposvetlana [31]3 years ago

3 0

Answer:

Explanation:

A Living Document. A business plan is often referred to as a “living document”. This is because a these plans are constantly changing. Whenever new developments in competition, marketing tools, the legal factors which relate to an industry, or others change a business plan must be updated so as to keep relevant.

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A credit card issuer charges an apr of 13.50%, and its billing cycle is 30 days long. what is its periodic interest rate?

Serga [27]

Let’s just say that the entire year is 365 days. So, we need to divide the APR (13.50%) to 365. This gives us a value of 0.037% and since the the billing cycle is 30 days, we need to multiply 0.037% to 30 to get it’s periodic interest rate. Therefore, the periodic interest rate is 1.11%.

8 0

3 years ago

Read 2 more answers

Sadie sold 10 shares of stock to her brother, George, for $500 16 months ago. Sadie had purchased the stock for $600 two years e

wlad13 [49]

Answer:

there is gain and receive is $100 long term gain

Explanation:

given data

Sadie sold = 10 shares

Sadie sold shares of stock = $500

time = 16 year ago

Sadie purchased the stock = $600

time = 2 year earlier

George sells stock = $700

to find out

amount and character of his recognized gain or loss in the current year

solution

we know that George receives dual basis in the stock

his loss = $600 - $500 = $100

and

if we consider stock is sold at a gain

then George receives a carryover basis = $600

and

if we consider stock is sold at a loss

then George receives = $500

also here his sister basis and holding period is transfer to her brother

so we can say there is gain

and receive is = proceed - carryover basis

receive is = $700 - $600

receive is $100 long term gain

5 0

3 years ago

The Laffer curve shows the relationship between tax rates and ____________ and depicts the benefits of cutting taxes when tax ra

MrMuchimi

Answer: tax revenue

Explanation:

The Laffer Curve was developed by Arthur Laffer and it depicts the relationship that exists between the tax rates and tax revenue.which the government collects.

The curve is typically used to show that there can be an increase in the total revenue for an economy when the tax rate is reduced.

7 0

3 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

Verdich [7]

Answer:

Total Period cost for the month= $427,400.00

Explanation:

Under variable costing,

Period costs are fixed costs

Fixed Manufacturing Overhead= $298,700.00

Fixed selling & Admin costs= $128,700.00

Total Period cost for the month= $427,400.00

5 0

3 years ago

On January 1, ABC, Inc., issued $100,000 of 10%, 5-year bonds, for $92,280. Interest is due semiannually. When ABC records the f

Rina8888 [55]

Answer:

A. The debit to Interest Expense will be greater because the market rate is greater than the stated interest rate.

Explanation:

The effective interest rate is the market rate which is real rate of interest payment after incorporating the compounding effect. When the effective interest rate is greater than the stated the bond will sell at discount. The stated interest rate determines the amount of interest borrower will have to pay. The effective interest rate lead to higher returns than stated interest rate.

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3 years ago