In the components of a business plan, the section which contains a detailed description of the company, the problem/opportunity, proposed solution to be offered, and your competitive advantage is "Financial Projections section"
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What is Financial Projections?</h3>
Financial predictions forecast your company's future revenues and expenses using existing and estimated financial data.
They frequently contain many scenarios so you may see how adjustments to one part of your finances (for example, increased sales or reduced operational expenses) may affect your profitability.
Financial predictions are an important tool for business planning for a variety of reasons.
- Financial predictions assist you in setting your beginning budget, determine when you may anticipate the business to be become profitable, or set benchmarks for meeting financial goals if you're starting a business.
- If you currently have a firm, making annual financial projections can assist you in setting goals and keep on target.
- Both startups and current firms will require financial estimates when seeking outside finance to convince investors and lenders of the business's development potential.
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Lots of ways pick a subject and try hard.
Answer:
This indicates that
d.the company has a net loss of $9,575 for the period.
Explanation:
a) Data and Calculations:
Total debits of the balance sheet (assets) = $28,480
Total credits of the balance sheet (liabilities + equity) = $38,055
Difference (net loss) = $9,575 ($38,055 - $28,480)
b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal. This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.
Answer:
200% of direct labor cost
Explanation:
The computation of the company overhead application rate is shown below;
But before that overhead cost would be determined
GIP = Direct material + Direct labor + Overhead
$4,400 = $2,000 + $800 + Overhead
So,
Overhead = $4,400 - $2,000 - $800
= $1,600
Now the overhead application rate is
= overhead ÷ direct labor cost
= $1,600 ÷ $800 × 100
= 200%
The AS curve shifts to the left.
The Consumer Confidence Index is an economic indicator published by various organizations in several countries. Simply put, rising consumer confidence is an indication of the economic growth that consumers are spending and an increase in consumption.
When the latest index exceeds 100, consumers will be more confident than in 1985. Below 100, consumers are less confident than they were then.
Consumer confidence is an economic indicator. It measures how confident consumers are about the general state of the economy. It also measures how confident people are about income stability. Their self-confidence influences not only their financial decisions but their spending activities.
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