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3 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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Meredith inc. is a manufacturer of art supplies. the company has announced plans to enter into an equity strategic alliance with

iren2701 [21]

Answer:

D. Either Meredith or JaZz will own a majority equity stake, but we do not know which one based on the announcement.

Explanation:

Given the information/announcement on strategic alliance, it difficult to point out which of the two company will have a majority equity stake. So either the art company or the paper company will own majority equity stake but we cannot point out which of the two companies based on the announcement that was made concerning the alliance.

5 0

2 years ago

Read 2 more answers

To follow is information about the units produced and total manufacturing costs for Pine Enterprises for the past six months. Mo

sweet [91]

Answer:

The monthly fixed manufacturing cost is $7500.

Explanation:

Variable cost per unit = change in total cost / change in no of units

= 6900-5000/8000-4200

= 0.5 per unit

Fixed cost = Total manfacturing cost - variable cost at a 4200 level

= 5000 - (4200*0.5)

= 5000 - 2100

= $2900

If company produces 9200 units:

Total manfacturing costs = fixed costs + 9200*variable cost per unit

= 2900 + (9200*0.5)

= $7500

Therefore, The monthly fixed manufacturing cost is $7500.

4 0

2 years ago

Alex Smith rents storage space to college students who go home for the summer but do not want to haul all of their property home

Alenkinab [10]

Answer:

d) variability

Explanation:

Variability is the quality of a service that does not follow a fixed, or predictable pattern, following instead a changing (or variable), or unpredictable pattern.

Seasonality is a type of variability that occurs when a business is subject to very rigid time constraints: in some periods of time it booms, and in other periods, it busts.

Alex's business is seasonal because it only becomes profitable during the summer months, while the other three seasons represent a net loss for him.

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3 years ago

Why is accounting a service industry?

Y_Kistochka [10]

Hi there.

I recently learned in Social Studies that services are usually intangible services. They have value, but you cannot physically touch them.

I'm also using the process of elimination. With that, I give you my best guess:

A. Because it provides support but no tangible goods.

Hope this works out for ya!

3 0

3 years ago

Read 2 more answers

Jordan has the following assets and liabilities:-Two Cars $10,000-House $200,000-Mortgage $100,000-Cash $1,000-Car Loans $3,000-

Ilia_Sergeevich [38]

Answer:

The correct option is B. $109,000; $213,000; $104,000

Explanation:

For computing the wealth, first, we have to compute the assets and liabilities value

So, the assets = Cars + House + cash + checking account balance

= $10,000 + $200,000 + $1,000 + $2,000

= $213,000

So, the liabilities = Mortgage + car loans + credit card balance

= $100,000 + $3,000 + $1,000

= $104,000

we apply the accounting equation which equals to

Assets = Liabilities + shareholder equity

And, the wealth equal to

= Assets - Liabilities

= $213,000 - $104,000

= $109,000

Hence, Jordan's wealth is $109,000, the value of Jordan's assets is $213,000, and the value of Jordan's liability is $104,000.

Therefore, the correct option is B. $109,000; $213,000; $104,000

3 0

2 years ago