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2 years ago

Why is a business plan considered a living document?

Business

1 answer:

steposvetlana [31]2 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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Washburn Company produces earbuds. During the year, manufacturing overhead costs are estimated to be $216,000. Estimated machine

Snezhnost [94]

Answer:

1. Predetermined Overhead Rate = Manufacturing overhead costs / Machine Hours

Predetermined Overhead Rate = $216,000/2,700 hours

Predetermined Overhead Rate = $80 per machine hour

2. Allocated overheads =Predetermined Overhead Rate * Machine hours used by Job 551

Allocated overheads = $80 * 90 machine hour

Allocated overheads = $7,200

3. Date Description Debit Credit

15/01 Work In Progress Inventory $7,200

Manufacturing overhead $7,200

(To record allocation of overheads towards Job 551)

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2 years ago

What is the economic theory that is the opposite of capitalism? Answer command economy market economy socialism competition

Archy [21]

A command economy would be an economic system that is the opposite of capitalism. A command economy could exist in a socialist system as well, whereby the state controls major businesses in an economy and provides close economic planning for a country's industries rather than allowing private ownership and free markets under capitalism.

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2 years ago

The net income as shown on the common-size income statement of Omega industries for the past three years increased from 3% to 6%

vlada-n [284]

Answer:

See explanation section

Explanation:

Req. A & B

If there is an increase in the net income over the year, the company is in profitability condition. As Omega industries are getting increased net income, it suggests their profitability.

EVM or enterprise value multiplier allows a company to compare the capital structure that the company uses. It is commonly used for valuing a business.

Req. C, D & E

In a financial plan, if the sales increase, it should be because of increasing working capital and fixed assets. We know, additional assets can generate more revenues.

A firm can collect approximately 8% of its annual sales at any given time. It can be found through the following way-

since the days' sales in receivables for 30 days in a year, the percentage of annual sales = (30 ÷ 365) × 100 = 8.22% or 8%

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3 years ago

Charles Zimmerman owns an acre of swampy land just off the interstate. He would like to pave the surface and build a gas station

blagie [28]

B. legal and regulatory requirements

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2 years ago

Identify a transition moment you could use to implement a new savings plan.

murzikaleks [220]

A typical transition moment one could use to implement a new savings plan is when we get an increment in salary or wages.

<h3>What is a Transition moment?</h3>

A transition moment is used to described a moment between an initial state and a final state.

<h3>What is savings plan?</h3>

A saving plan is any type of financial plan which aims to encourage saving of money or value for future use.

Hence, a typical transition moment one could use to implement a new savings plan is when we get an increment in salary or wages.