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Harlamova29_29 [7]
3 years ago
5

Why is it important to write a business plan?

Business
2 answers:
Bas_tet [7]3 years ago
7 0

A business plan is a very important strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs to focus on the specific steps necessary for their to make business ideas succeed, but it also helps them to achieve both their short-term and long-term objectives.

sdas [7]3 years ago
4 0

to keep all things sorted :)

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Assume a division of Hewlett-Packard currently makes 12,000 circuit boards per year used in producing diagnostic electronic inst
madam [21]

Answer:

The net benefit is -$26,000

Explanation:

Given the above information,

The total cost of manufacturing 12,000 circuit boards

= 12,000 × $34

= $408,000

Total purchase price

= 12,000 × $34

= $408,000

Fixed overhead cost applied

= 12,000 × $6

= $72,000

The rental income = $46,000

Outsourcing cost

= Total purchase price + Fixed overhead cost applied - Rental income

= $408,000 + $72,000 - $46,000

= $434,000

Therefore, Net benefit

= Total cost of manufacturing - Outsourcing cost

=$408,000 - $434,000

= -$26,000

8 0
3 years ago
The high entry barriers in a given industry​
arlik [135]

Answer:

<em>1</em><em>. </em><em>Economies of scale.</em>

<em>2</em><em>. </em><em>Capital requirements</em><em>.</em>

<em>3</em><em>. </em><em>Product differentiation. </em>

6 0
3 years ago
Raul is a financial analyst who oversees the daily financial expenditures for a major big box retailer. on a typical day, raul d
musickatia [10]

To enhance Raul’s well being at work, his manager should arrange Raul’s schedule in means of reducing the time of his work that will have enough time for him to balance home and work and in a way of maintaining his well being at work and his child at home.

7 0
3 years ago
Metropolis National Bank is holding 2% of its deposits as excess reserves. Assume that no banks in the economy want to maintain
iris [78.8K]

Answer:

Increase in money supply = $200,000

Explanation:

Note: The given question is incomplete, missing part is as follow:

                    Metropolis National Bank

                            Balance sheet

Assets                                              Liabilities

Reserves     $60,000                Deposits          $500,000

<u> Loans           $440,000                                                           </u>

Computation:

Excess reserve hold = 2% × Deposits  

Excess reserve hold = 2% × $500,000

Excess reserve hold = $10,000

Required reserve =  Reserves - Excess reserve hold

Required reserve = $60,000 - $10,000

Required reserve = $50,000

So,

Required reserve ratio = [$50,000 / $500,000]100 = 10%

Multiplier(K) = 1 / Required reserve ratio

Multiplier(K) = 1 / 10%

Multiplier(K) = 10

Total Money = Person deposit +  Excess reserve hold

Total Money = $10,000 + $10,000

Total Money = $20,000

Increase in money supply = Total Money × Multiplier(K)

Increase in money supply = $20,000<u> </u> × 10

Increase in money supply = $200,000

7 0
3 years ago
At the beginning of the current period, Sheridan Company had balances in Accounts Receivable of $203,500 and in Allowance for Do
Dmitrij [34]

Answer:

Sheridan Company

a. Debit Accounts receivable $739,000

Credit Sales revenue $739,000

To record sales of goods on account.

Debit Cash $813,450

Credit Accounts receivable $813,450

To record collections from customers.

b. Debit Allowance for Uncollectible Accounts $7,198

Credit Accounts receivable $7,198

To record the write-off of accounts for the period.

c. Debit Accounts receivable $2,978

Credit Allowance for Uncollectible Accounts $2,978

To record the recovery of the uncollectible account.

d. Debit Bad Debts Expense $22,410

Credit Allowance for Uncollectible Accounts $22,410

To record bad debt expense for the period.

Explanation:

a) Data and Analysis:

a. Accounts receivable $739,000 Sales revenue $739,000

b. Cash $813,450 Accounts receivable $813,450

c. Allowance for Uncollectible Accounts $7,198 Accounts receivable $7,198

d. Accounts receivable $2,978 Allowance for Uncollectible Accounts $2,978

e. Bad Debts Expense $22,410  Allowance for Uncollectible Accounts $22,410

Allowance for Uncollectible Accounts

Account Titles          Debit        Credit

Beginning balance                   $8,620

Accounts receivable $7,198

Accounts receivable                  2,978

Bad debts expense                  22,410

Ending balance        26,810

Totals                    $34,008  $34,008

5 0
3 years ago
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