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4 years ago

Why should all small business owners develop business plans even if they are not required to obtain financing?

1 answer:

4 0

A business plan would help small business owners to know how to operate the business, achieve goals and what activities need to be conducted in case they missed anything out. It helps a business to plan out and conduct business operations.

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A cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that caus

blondinia [14]

Answer:

The correct answer is True.

Explanation:

This statement, a cost object is anything for which management desires a separate tracking of costs, while a cost driver is the factor that causes the cost object to increase or decrease, is correct.

These terms are mostly used in activity based costing (ABC) system.

Examples of Cost Object are material procurement costs, quality control costs, materal handling costs, line set up costs e.t.c.

Example of Cost drivers are number of purchase orders, number of inspections, numbers of set-ups e.t.c.

6 0

3 years ago

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabil

BARSIC [14]

Answer:

center of gravity.

Explanation:

The part of an industry's value chain that is most important to a company and the point where its greatest expertise and capabilities lie is called the company's center of gravity.

Generally, the center of gravity of a company is usually the point at which it started business. The center of gravity of a company defines its strengths, success, achievement and dominant operations.

For any successful business, there is always a center of gravity. This is the point or stage where all of the strategic decisions, greatest expertise, risks management and capabilities lie.

<em>Hence, should there be an error, disagreement or disarray at the center of gravity, then the company is headed for losses and bankruptcy. </em>

8 0

3 years ago

Farrow Co. expects to sell 150,000 units of its product in the next period with the following results. Sales (150,000 units) $ 2

BabaBlast [244]

Answer:

Accept

Explanation:

The computation of the combined total net income is shown below:

Normal Volume Additional Volume Total

Sales $2,250,000 $180,000 $2,430,000

(15,000 × $12)

Costs and expenses:

Direct materials $300,000 $30,000 $330,000

Direct labor $600,000 $60,000 $660,000

Overhead $150,000 $22,500 $172,500

($150,000 × 15%)

Selling expenses $225,000 $225,000

Administrative expenses $385,500 $64,500 $450,000

Total costs and expenses $1,660,500 $177,000 $1,837,500

Incremental income (loss) from new business $589,500 $3,000 $592,500

Therefore, the company should accept the offer

6 0

3 years ago

What are labor laws designed to do? *

Lapatulllka [165]

Answer:

The most sweeping federal law that restricts the employment and abuse of child workers is the Fair Labor Standards Act (FLSA). Child labor provisions under FLSA are designed to protect the educational opportunities of youth and prohibit their employment in jobs that are detrimental to their health and safety. Explanation:

Daddy google.

8 0

3 years ago

I WILL GIVE BRAINLIEST

yan [13]

Answer:

b account payable is your answer.....

Explanation:

B. Accounts Payable

5 0

3 years ago

Read 2 more answers