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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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QUESTION 1 To what does tax progressivity refer? (5 points)

galben [10]

Tax progressivity refer to a system in which individuals earn more pay higher taxes.

United States taxation system is considered tax progressive, individuals who earned up to $ 8,375 fell to the 10% tax bracket, meanwhile those who earn more than $ 373,650 fall to the 35 % tax bracket

8 0

2 years ago

Matt's Machine Company has borrowed $10 million for four months at 5.5% APR, using inventory stored in a field warehouse as coll

Mnenie [13.5K]

Answer:

The Matt's EAR is 7.24%

Explanation:

The money borrowed by the company (L) = $10 million

Time period for the loan (T) = 4 months

Rate given (APR) = 5.5%

Per Month rate R=5.5%/12=0.46%

The fee of warehouse that is paid at the starting of the loan = 0.5%

Now we have to calculate the Matt’s EAR.

Warehouse fees =0.5%

So Fees F= 0.5% × L = 0.5% × $10 = $0.05 millions

Therefore, the Net amount we get N = L – F = 10 - 0.5 = $9.95 millions

Assume r be the per month EAR

N*(1+r)^4 = L*(1+R)^4

9.95*(1+r)^4 = 10*(1+0.46%)^4

r=0.58%

EAR =(1+r)^12-1= (1+0.58%)^12-1 = 7.24%

8 0

3 years ago

Stockholders' equity:________A. Is equal to assets minus liabilities B. Represents the interest of the owners in the assets of a

marshall27 [118]

Answer:

D. All of the above

Explanation:

Stockholder equity is also known as shareholders' equity. The shareholder's equity is composed of their capital contribution plus the retained earnings. In the balance sheet, the value of shareholder equity equals assets minus liabilities.

Stockholder equity is the amount that shareholders will receive if the assets of a company are to be liquidated after liabilities have been settled. It is the shareholder interest in the company.

5 0

2 years ago

A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years and a residu

WITCHER [35]

Explanation:

The computation of the depreciation expense for the first year and the second year is shown below:

a) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($3,900 - $300) ÷ (4 years)

= ($3,600) ÷ (4 years)

= $900

In this method, the depreciation is same for all the remaining useful life

So, in year 2 the depreciation expense is also $900

(b) Double-declining balance method:

First we have to find the depreciation rate which is shown below:

= One ÷ useful life

= 1 ÷ 4

= 25%

Now the rate is double So, 50%

In year 1, the original cost is $3,900, so the depreciation is $1,950 after applying the 50% depreciation rate

And, in year 2, the $1,950 × 50% = $975

3 0

3 years ago

Match the terms with their descriptions. Customer Inquiry Quotation Customer Purchase Order A. An agreement to purchase the stat

REY [17]

Answer:

matched as below

Explanation:

A. An agreement to purchase the stated material, for the stated price, under the stated terms...Customer Purchase Order.

A purchase order represents instructions contained in an order document given out by a customer to business to deliver the goods specified in the order. The customer has committed to buy the goods stated in the order. A customer will prepare a Customer purchase order based on a quotation provided by a business.

B. It spells out the availability and prices of the materials specified in the inquiry. It is prepared by the sales department. ..Quotation.

A quotation is a document prepared by a company detailing the availability of specified good or services and their prices. A quotation will be issued in response to an inquiry from a customer. The sales department prepares the document in consultations with the stores department.

C. A request for information about the availability and prices of the products that a customer is interested in...Customer Inquiry.

A Customer Inquiry is a document that specifies items or services that customer would wish to buy from the business. The customer seeks to know if the company deals with specific products, their prices and availability.

5 0

2 years ago