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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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In the past year, TVG had revenues of $3 million, cost of goods sold of $2.5 million, and depreciation expense of $200,000. The

beks73 [17]

Answer:

TVG

Times Interest Earned Ratio (TIER) = Earnings Before Interest & Taxes divided by Interest Expense

= $300,000/$$80,000 = 3.75 times

Explanation:

a) TVG Income Statement:

Revenue $3,000,000

Cost of goods sold 2,500,000

Gross profit $500,000

Depreciation 200,000

EBIT $300,000

Interest Expense 80,000

Pre-tax Income $220,000

b) TVG's TIER shows the number of times that its earnings before interest and taxes covers the interest expense. It shows the ability of the TVG to settle its maturing debt obligations from current earnings. It is an important financial performance measure which potential investors in TVG will use to gauge the ability of TVG to meet financial obligations from the earnings it generates.

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3 years ago

Samantha, a famous artist, has a contract with Alec to paint his portrait for $6,000. Samantha is very busy and wants to delegat

Svetlanka [38]

Answer:

B. Not honor the delegation because the contract is based on personal skill.

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3 years ago

George, an unmarried cash basis taxpayer, received the following amounts during 2016:Interest on savings accounts$2,000Interest

madreJ [45]

Answer:

c. $3,150

Explanation:

The computation of the gross income is shown below:

= Interest on savings accounts + Interest on a State bond + Interest portion of proceeds of a 5% bank certificate of deposit + Dividends on USG common stock

= $2,000 + $600 + $250 + $300

= $3,150

We do not consider the school bonds as it would not be included in the gross income. So, we ignored it

5 0

3 years ago

When did Toronto pearsonAirport(Canada) start using technology or scanner

mote1985 [20]

Answer:

Canada's busiest airport will soon start to use artificial intelligence- powered technology to detect weapons.
The technology can detect both metallic and non-metallic weapons ranging from guns and knives to explosives, according to Liberty Defense Holdings Ltd., a Vancouver-based company which first marketed the technology. Known as Hex wave, the technology works by capturing radar images, then using artificial intelligence to analyze them for concealed weapons in bags or under clothing.
Liberty's CEO, Bill Riker explained, "radar essentially is emitting this form of energy, it's reflecting off a person and it's identifying any items on a person's body that don't belong on a body."
The technology will start getting deployed at Pearson in the Spring of 2020 in a bid to boost security, according to the Greater Toronto Airports Authority, which runs Pearson.

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2 years ago

Assume that you have already completed a 5-year international assignment working for KPMG as a Tax Consultant in Singapore.

lana [24]

Based on the information, it can be deduced that it's an indication of the uncertainty that exists in the Vietnamese cultural model.

From the complete information, Vietnam has low points in the avoidance index. This implies that they're less associated with their cultural roots and don't have concern for hiring white people.

Some of the solutions that can be applied for training the workers include providing them with ethical and language-based training and also encourage a team culture.

Learn more about model on:

brainly.com/question/25993624

4 0

2 years ago