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Alina [70]
3 years ago
9

How can you know if it's a good time to start your business?

Business
1 answer:
Sonbull [250]3 years ago
6 0

Answer:

The  good time to start your business is when When the economy is strong

<u>Explanation:</u>

Beginning a business is like starting a relationship; the appropriate time to establish a business is the point at which you have the opportunity to give your consideration about the business. The best time for beginning a company should not be affected by one’s age.

Individuals of all ages can start a business, and you might be astounded to realize that most entrepreneurs in the US are more seasoned; 51% of proprietors of independent companies have many years of operations and still successful.

You might be interested in
Routine, day-to-day business processes and interaction with customers occur at the ________ level of a firm.
Setler79 [48]

Answer:

Operational level

Explanation:

The operational level is the bottom level in an organization and it is at this level that <u>daily business operations and activities, that connect the organization directly with customers, take place.</u>

Examples of such activities include; manufacturing, marketing and selling.

8 0
3 years ago
If a company had a contribution margin of $1,000,000 and a contribution margin ratio of 40%, total variable costs must have been
dolphi86 [110]

Answer:

$1,500,000

Explanation:

Data provided in the question:

contribution margin of the company = $1,000,000

Contribution margin ratio = 40%

Now,

The sales = (contribution margin) / (Contribution margin ratio)

thus,

Sales = \frac{1,000,000}{0.40}

or

sales = $2,500,000

Therefore,

Variable cost = Sales - Contribution margin

or

Variable cost = $2,500,000 - $1,000,000 = $1,500,000

8 0
3 years ago
Airline F leases all its aircraft under finance leases. Airline O leases all its aircraft under operating leases. Assuming that
Usimov [2.4K]

Answer: e. Airline O has less lease assets at the inception of the lease

Explanation:

With operating leases, the entity leasing the asset or the lessee, does not get the rights to ownership of the asset being leased but instead simply pay a fee or sort of rent for leasing the asset.

With a finance lease however, ownership is passed to the lessee for the lease period and the lessee would have to depreciate the asset and record it in its books.

Airline O will therefore not record any assets but Airline F will. This means that Airline F will have more assets than O because it had to record its assets but O did not.

5 0
3 years ago
A useful way of standardizing financial statements is to choose a _______ year and then express each item relative to that amoun
liberstina [14]

A useful way of standardizing financial statements is to choose a base year and then express each item relative to that amount.

Below, this is further discussed.

<h3>Financial statements: What are they?</h3>

Financial statements, in general, are official records of the financial activity and condition of a company, an individual, or another organization. Structured and simple-to-comprehend presentations of pertinent financial data are made.

In summary, Selecting a base year and then expressing each item according to that sum is a helpful method for standardizing financial reporting.

Explore more about Financial statements

brainly.com/question/14951563

#SPJ1

6 0
1 year ago
A company has budgeted direct materials purchases of $210000 in July and $390000 in August. Past experience indicates that the c
Alja [10]

Answer:

$486,000

Explanation:

According to the scenario, computation of the given data are as follow:-

                          Budgeted Cash Disbursements for August

Particular                                                           Amount ($)

Direct material purchase for July ($210,000 × 30%) 63,000

Direct material purchase for August ($390,000 × 70%) 273,000

Add-wages paid 50,000

Add: Office equipment purchase 62,000

Add: Selling and administrative expenses 38,000

Total                                                           486,000

The depreciation is a non cash expense and the same is not relevant. Hence, ignored it

7 0
3 years ago
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