There are six types of business plans:
<span>1. </span><span>Start-up – details the steps to start a new business.</span>
<span>2. </span>Internal - targets an audience within the business
<span>3. </span>Strategic - details company’s goals and how to achieve them, lays out a foundational plan for the company
<span>4. </span>Feasibility - describes the need for the product or service, makes recommendations
<span>5. </span>Operations - are internal plans that consist of elements related to company operations
<span>6. </span>Growth plans.- are expansion plans written for internal or external purposes
If a plan sets long-term goals for an organization it is strategic planning.
Answer:
Journal entry
Explanation:
The journal entry is as follows
Cash $1,323
Service charge expense ($1,350 × 2%) $27
To Sales Revenue $1,350
(Being the cash is recorded)
for recording this transaction we debited the cash and expenses as it increase both balances while at the same time the sales revenue is also increased so it is credited
Answer:
occurs when the goal is challenging but not impossible.
Explanation:
A goal can be defined as the desire to meet specific targets over a period of time.
Generally, there are different types of goals and these includes;
1. Short-term goal: this type of goal are usually actualized (achieved) in a week, months or within a year.
2. Intrapersonal goal: a goal that is personal and fixed. This type of goal is peculiar to an individual and might include an action plan or desire to stop a behavior, start a task, improve on an aspect of your life, etc.
3. Normative goal: it's dependent on the achievement of others. It is typically based on an evaluative standard.
4. Long-term goal: it's to be achieved in the distant future. This type of goal are usually in a long period of time such as five (years) and more.
The optimal level of difficulty of a goal occurs when the goal is challenging but not impossible.
Answer:
Sales less variable production, variable selling, and variable administrative expenses.
Explanation:
On a contribution margin income statement the variable administrative and variable selling are considered as variable cost and used to determinate the contribution margin.
Contribution margin =
sales revenue - total variable cost
the fixed cost are listed below the contriution,
once subtracted from the contribution, the rest is the net income.
