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3 years ago

Marketing plans are important only for big companies. True or False

Business

2 answers:

Alexxandr [17]3 years ago

8 0

False :))))))))))))))))))))

Lady_Fox [76]3 years ago

5 0

Thats a big FALSE because the only reason those big companies got big is because they had marketing plans when they were little companies. Marketing plans are important for ALL businesses, big or little.

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Aleks [24]

Name the device that are to measure volume of a liquid

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3 years ago

Covent Gardens Inc. is considering two financial plans for the coming year. Management expects sales to be $300,000, operating c

Dominik [7]

Answer:

Assets = $200,000

For Plan A

25% debt = 200,000 * 25% = 50,000

75% equity = 200,000 * 75% = 150,000

The debt will generate 8.8% interest expense. Interest expense = 50,000 * 8.8% = 4,400

Income for the expected project under Plan A

Sales revenue 300,00

Operating cost 265,000

EBIT 35,000

Interest expense 4,400

EBT 30,600

Income tax 10,710

Net income $19,890

Times interest earned = EBIT /interest expense = 35,000 / 4,400 = 7.95. So, it achieve the requirement of 4.5 or above.

ROE for plan A = Net income / Equity = 19,890/150,000 = 0,1326 = 13.26%

Under Plan B

We will take as much debt as we can until Times interest earned = 4.5

EBIT / interest expense = Times interest earned

35,000/Interest expense = 4.5

Interest expense = 35,000/4.5

Interest expense = 7.777,78

Net income = (EBIT - interest) x (1- tax-rate)

Net income = (35,000 - 7,777.78) x (1-35%)

Net income = 17.694,443

Interest expense = Debt * Rate

Debt = Interest expense / Rate

Debt = 7,777.78/0.088

Debt = 88.383,86

Asset = Debt + Equity

200,000 = 88,383.86 + Equity

Equity = 200,000 - 88,383.86 =

Equity = 111,616.14

ROE for Plan B = Net income/ Equity = 17,694.443 / 111,616.14 = 0,15852943 = 15.85%

So, we compare both ROE

Plan A = 13.26%

Plan B = 15.85%

Difference = 2.59%

So therefore, using the Plan B will increase the ROE for 2.59%

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3 years ago

Eyan is giving a seminar on environmental conservation efforts in a local factory. Which qualities is Eyan using when writing an

alexgriva [62]

Answer: critical-thinking skills and knowledge of environmental regulations

Explanation:

Since Eyan is giving a seminar on environmental conservation efforts in a local factory, the quality that Eyan is using when writing and presenting his seminar will be critical-thinking skills and knowledge of environmental regulations.

Eyan should possess critical thinking skill as he should be able to think clearly and at the same time should also have knowledge of environmental regulations.

7 0

3 years ago

Read 2 more answers

The change in period-to-period operating income when using variable costing can be explained by the change in the

wolverine [178]

Answer:

Unit sales level multiplied by a constant unit contribution margin.

Explanation:

The change in period-to-period operating income when using variable costing can be explained by the change in the Unit sales level multiplied by a constant unit contribution margin.

Hope this helps!

6 0

4 years ago

Easy ways to learn BRS

Furkat [3]

Answer:

BRS is a Bank Reconciliation Statement:

1. COMPARE THE DEPOSITS

Match the deposits in the business records with those in the bank statement. Compare the amount of each deposit recorded in the debit side of the bank column of the cashbook with credit side of the bank statement and credit side of the bank column with the debit side of the bank statement. Mark the items appearing in both the records.

2. ADJUST THE BANK STATEMENTS

Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.

Deposits in transit are amounts that are received and recorded by the business but are not yet recorded by the bank. They must be added to the bank statement.

Outstanding checks are those that have been written and recorded in cash account of the business but have not yet cleared the bank account. They need to be deducted from the bank balance. This often happens when the checks are written in the last few days of the month.

Bank errors are mistakes made by the bank while creating the bank statement. Common errors include entering an incorrect amount or omitting an amount from the bank statement. Compare the cash account’s general ledger to the bank statement to spot the errors.

3. ADJUST THE CASH ACCOUNT

The next step is to adjust the cash balance in the business account.

Adjust the cash balances in the business account by adding interest or deducting monthly charges and overdraft fees.

To do this, businesses need to take into account the bank charges, NSF checks and errors in accounting.

Bank charges are service charges and fees deducted for the bank’s processing of the business’ checking account activity. This can include monthly charges or charges from overdrawing your account. They must be deducted from your cash account. If you’ve earned any interest on your bank account balance, they must be added to the cash account.

An NSF (not sufficient funds) check is a check that has not been honored by the bank due to insufficient funds in the entity’s bank accounts. This means that the check amount has not been deposited in your bank account and hence needs to be deducted from your cash account records.

Errors in the cash account result in an incorrect amount being entered or an amount being omitted from the records. The correction of the error will increase or decrease the cash account in the books.

4. COMPARE THE BALANCES

After adjusting the balances as per the bank and as per the books, the adjusted amounts should be the same. If they are still not equal, you will have to repeat the process of reconciliation again.

Once the balances are equal, businesses need to prepare journal entries for the adjustments to the balance per books

Explanation:

4 0

3 years ago