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3 years ago

As a businessperson planning to open a new small business, you know that the business plan should not contain

Business

1 answer:

lana66690 [7]3 years ago

3 0

Answer:

Pages and pages of detailed facts and figures

Explanation:

Endless pages of detailed fact and figures are not necessary for a new small business a concise and financial information should suffice.

There are three primary parts to a business plan:

The first is the business concept, where you discuss the ibusiness you are in to, your business structure, your particular product or service, and how you plan to make your business a success.

The second is the marketplace section, in which you describe and analyze potential customers (target market): who and where they are, what makes them buy and so on. Your unique niche and selling point Here, you also describe the competition and how you'll position yourself to beat it.

The financial section contains your income and cash flow statement, balance sheet and other financial ratios, such as break-even analyses. This part may require help from your accountant and a good spreadsheet software program.

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Comparing Investment Criteria Consider two mutually exclusive new product launch projects that Nagano Golf is considering. Assum

andreyandreev [35.5K]

Answer:

⚡️?

Explanation:

⚡️ nothing has a problem with the battery and the battery is a bit annoying and the battery is a bit annoying

8 0

3 years ago

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $36 million. Ameen uses strai

vfiekz [6]

Answer:

1.31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable $11.00

Cr To Deferred tax liability $1.50

2.$37.50 million

Explanation:

1. Preparation of the appropriate journal entry to record Ameenâs 2021 income taxes. Assume an income tax rate of 25%.

Depreciation as per books for 2021 = $30 - $28 Depreciation as per books for 2021= $2 million

Depreciation as per tax for 2021 = $20 - $12

Depreciation as per tax for 2021 = $8 million

Taxable income = $50 + $2 - $8

Taxable income = $44 million

JOURNAL ENTRIES - Ameen Company (In million)

31-Dec-21

Dr Income tax expense $12.50

Cr To Income taxes payable ($44*25%) $11.00

Cr To Deferred tax liability ($6*25%) $1.50

(To record income tax expense)

2. Calculation to determine What is Ameenâs 2021 net income?

Ameen's 2021 net income = $50 - $12.50

Ameen's 2021 net income = $37.50 million

Therefore Ameen's 2021 net income is $37.50 million

6 0

3 years ago

What two health risk behaviors were singled out in the text as being related to an unstable employment history and shorter durat

IrinaVladis [17]

<span><span>- Physical inactivity and stress. </span>

- </span>Smoking and alcohol consumption.

5 0

3 years ago

Irina's personal-use residence was destroyed in a fire in 2020. The fire was deemed a federally-declared disaster, but it is not

Fofino [41]

Answer:

The answer is the casualty loss deductible is $44,900

Note: Kindly find an attached copy of the complete question stated above

Sources: the complete question was researched from Course hero site

Explanation:

Solution

Given that

Home purchased by Irina =$250,000

House worth before fire incident = $500,000

Worth of house after fore incident =$200,000

The proceeds received from insurance = $200,00

Now what amount an Irina deduct in 2020 as a result of her loss

Thus

Irina has to be allowed casualty loss deduction:

Personal

(1) Adjusted basis before disaster $250,000

(2) FMV before casualty $500,000

FMV after damage $200,000

(3) Decrease in EMV $300,000

Loss smaller a line $250,000

Less insurance proceed $-200,000

Less: $100 floor for each asset -$100

Less: 10% of AGI (500000 * 10%) -$5000

The casualty loss deductible $44,900

Hence the casualty loss deductible is $44,900

Note:

FMV =Fair market value

AGI =Adjusted gross income

EMV =Ending market value

3 0

3 years ago

Owen Company's unadjusted book balance at June 30 is $11,400. The company's bank statement reveals bank service charges of $80.

kipiarov [429]

Answer:

Cash Balance = $12610

Explanation:

We can calculate the adjusted or true cash balance of Owen by making adjustments in the book balance using the transactions that only appear on the bank statement and are missing from the book balance calculation.

1. The bank service charges are a deduction that bank has made from the bank account of Owen. This, they should be deducted from the book balance.

2. A collection of $1170 made by the bank on Owen's behalf will increase the account balance of Owen. Thus, it should be added to the book balance.

3. The interest earned by Owen is also an addition to the bank balance and should be added in the unadjusted book balance.

The new or true cash balance of Owen will be,

Cash Balance = 11400 - 80 + 1170 + 120

Cash Balance = $12610

5 0

3 years ago