The Business Plan of an organization should show the following key components: Value Proposition, Operations, Components and Functions, projected revenue, and expenditure.
<h3>What is a Business Plan?</h3>
This refers to a document that spells out the future goals, plans and activities of a business as well as how it plans to achieve goals those objectives.
A business plan is useful for:
- Startups or existing businesses that want to attract investors
- An existing business that is planning to expand, scale up or introduce new products
- An existing business that is looking at a merger and acquisition.
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Answer:
Option (A) is correct.
Explanation:
Cody's undistributed earnings for 2018:
Given that,
Pretax Income = $125,000
Income tax rate for both companies = 30%
Cody declared total dividends = $25,000
Tax = Pretax income × Tax rate
= $125,000 × 30%
= $37,500
Undistributed Earnings = Pretax Income - Tax - Dividends distributed
= $125,000 - $37,500 - $25,000
= $62,500
Answer:
-0.33
Explanation:
The calculation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 80 units - 100 units
= -20 units
And, the average of quantity demanded would be
= (80 units + 100 units) ÷ 2
= 90 units
Change in price is
= P2 - P1
= $2 - $1
= 1
And, the average of the price is
= ($2 + $1) ÷ 2
= 1.5
So, after solving this, the price elasticity of demand is -0.33
"An Inquiry into the Nature and Causes of the Wealth of Nations", or "The Wealth of Nations", written by Scottish economist and philosopher Adam Smith. One of the first collected descriptions of what builds a nation's wealth. Written at the beginning of the Industrial Revolution, it covers division of labour, productivity and free markets. Took 10 years to write with reference to 17 years of notes, based off of observations about economic and societal conditions. Offered more practical information for the time to replace mercantilist and physiocratic theories.
