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3 years ago

What common business mistake can cost you everything?

Business

2 answers:

disa [49]3 years ago

8 0

Answer:

Failure to buy adequate business insurance

Explanation:

velikii [3]3 years ago

5 0

<h3>Hello there!</h3>

Your question asks what is the common business mistake that can cost you everything.

<h3>Answer: Failure to buy adequate business insurance</h3>

The reason why "Failure to buy adequate business insurance" is the correct answer because anything can happen in a business, and if you don't have coverage for it, then you could lose the business and everything with it.

Owning and/or running a business is very time consuming and rough, and if you don't have the right coverage for the business, everything can go down the wrong path. From losing the building, to getting sued, a business could get shut down easily without insurance.

There are many different types of coverages/premiums that business owners could get for there business.

Coverages/Premiums:

Liability
Property Insurance
Compensation for workers
Etc.

Liability is a very important premium for a business, due to the fact that anyone in the business could cause some sort of damage to their or other's property. Therefore, they need coverage in order to be able to pay for those damages. If a business doesn't have this insurance, and someone damages something from someone else or their own, then that will be a huge financial cost for the business, and could possibly shut them down.

Property insurance is also another important thing for a business to have. This is important because you don't know if the property could one day burn down to the ground, and you would need insurance to cover those expenses. If you don't have this insurance, and something happens to the property, you could lose part of or the whole property, and that will cause a fortune for the business, maybe causing the business to shut down.

Compensation for workers is especially a very important premium for a business, since there might be a chance someone could get hurt while at work. If someone gets hurt at work, and you don't have insurance to cover their injuries, then they could sue the business for a lot of money due to the fact that they got hurt on the job, and it would be hard for the business to use their well-owned money to pay someone's hospital bill, and hospital bills are expensive, therefore it could lead the business to shutting down.

<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3>

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Bird Brain Co. reported net income of $46,300 for the year ended December 31, 2018. January 1 balances in accounts receivable an

Galina-37 [17]

Answer:

d. $52,100

Explanation:

Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $46,300

Adjustment made:

Add: Decrease in accounts receivable $2,200 ($23,800 - $21,600)

Add: Increase in accounts payable $3,600 ($24,500 - $28,100)

Total of Adjustments $5,800

Net Cash flow from Operating activities $52,100

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4 years ago

In handling the ethics problem in his class, Professor Quinn acted as an ethical leader by supporting and enforcing the ethical

BaLLatris [955]

Answer:

The correct answers are letters "B" and "D": Punishing the entire class when an ethical violation occurred; Providing ethics training only to students who admitted to cheating.

Explanation:

By <em>punishing the entire class when an ethical violation occurred</em>, Professor Quinn is not acting objectively. In such cases, only the students at fault should be punished for their actions. If the rest of the students acted ethically there is no reason for them to be punished. In remorse, those students could start to act unethically since they know even acting correctly they will be punished anyway.

Besides, <em>providing ethics training </em><u><em>only </em></u><em>to students is inappropriate</em>. The unethical action must serve as an example for <u><em>all </em></u>students in a class as an act that must not be replicated. Thus, all of them should be instructed on what to do to avoid such situations.

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3 years ago

Mission: To create events that are awesome and classy.

NikAS [45]

Raven can communicate the new company mission statement & goals, as well as the new department goals and action plans to employees through:

a visual aid at the employee meeting
a update mission statement and goals document.

<h3>What is a mission statement?</h3>

This is the document that outlines the overall purpose of an organisation and its reason for existing.

It contains the concise explanation of the organization's reason for existence, purpose and its overall intention. It is structured to supports the vision and serves to communicate purpose and direction to employees, customers, vendors and other stakeholder

However, Raven can communicate the new company mission statement & goals, as well as the new department goals and action plans to employees through a visual aid at the employee meeting and a update mission statement and goals document.

Missing words "How can Raven communicate the new company mission statement and goals, as well as the new department goals and action plans to employees? Provide at least two specific examples of actions she can take."

Read more about mission statement

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2 years ago

Aikman Company paid dividends of $2,410, $0, $1,570 and $1,060 over the first four years of the company's existence, respectivel

Alenkasestr [34]

Answer:

C. $3,685

Explanation:

Total dividends paid in first 4 years

= $2,410 + $0 + $1,570 + $1,060

= $5,040

Retained Earnings ending balance is the net of the total income earned over the years less the total dividend paid through the years.

Retained Earnings ending balance = Total income - total dividend paid

$9,700 = Total income - $5,040

Total Income = $9,700 + $5,040

= $14,740

Average annual amount of net income (loss) over the first four years for Aikman

= $14,740/4

= $3,685

Option C.

3 0

3 years ago

It is based on perceived characteristics such as style, fashion or peer acceptance.

Yuliya22 [10]

Answer:

Consumer buying behavior

Explanation:

Due to various factors that affect consumer's purchase decision, crucial among them is emotional factors.Thus, many consumer marketing put more efforts in creating a stimulating discretionary buying behavior through catchy and enticing advertisement to create and increase demand.

Hence, considering that often times consumer goods are discretionary products people may want but don’t necessarily need, such as entertainment services and vacation travel, it can be concluded that CONSUMER BUYING BEHAVIOR is based on perceived characteristics such as style, fashion or peer acceptance.

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3 years ago