Answer:
In the question, collection of sales is not given which is credit sales are collected 25% in the month of sale,50% in the month after sale,16% after two month of sale and 9% are never collected.Keeping in mind these pattern of collection of credit sales,the working is attached for ready reference
Explanation:
The answer to the question is (D) it does not explicitly consider the time value of money.
Payback means the amount of money a company will receive after a project has been completed over a certain amount of time. Its disadvantage lies in the fact that cash flows received during the early years of a project gets a higher weight than cash flows received in later years.
Caleb should put as many promising ideas to test and encourage creativity among his employ.
<h3>Does encourage mean support?</h3>
Encourage is defined as to give someone hope, confidence or support.
<h3>What makes a person encouraging?</h3>
Once we understand what the issue is, an important part of encouraging someone is to validate their feelings, and try to understand why they feel that way. I personally find that one of the least effective ways to encourage someone is to just say something like 'it'll be fine' or 'don't worry, you'll be great'.
Learn more about encourage creativity here:
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brainly.com/question/12702673</h3><h3 /><h3>#SPJ4</h3>
Answer:
(A) Kleiner Merchandising Company:
Goods available for sale = $24,500
Cost of goods sold = $17,900
Gross profit = $3,600
Net income = $1,550
(B) Krug Service Company:
Net income = $16,300
Explanation:
(A) Kleiner Merchandising Company:
Goods available for sale:
= Beginning inventory + Net purchases
= $11,000 + $13,500
= $24,500
Cost of goods sold:
= Goods available for sale - Ending inventory
= $24,500 - $6,600
= $17,900
Gross profit = Net sales - Cost of goods sold
= $21,500 - $17,900
= $3,600
(b) Kleiner Merchandising Company:
Gross profit = $3,600
Net income = Gross profit - Expenses
= $3,600 - 2,050
= $1,550
Krug Service Company:
Net income = Revenues - Expenses
= $26,000 - $9,700
= $16,300
Answer:
it assists in organising the resources needed for the new business
Explanation:
A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.
A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.
