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Akimi4 [234]
2 years ago
13

After several years of volunteering to play the piano and sing at a local nursing home, Callie decided the time was right to tap

into the growing elder care market. She started Music and Memories, Inc., a nonprofit corporation that would hire local talent to perform her own music productions directed toward this market. In order to write and produce several productions each year, Callie needed start-up funds. An instructor at the local community college suggested that she begin by ______________, because this effort would serve as her "calling card" for interested investors, as well as government grant applications that Callie might pursue.
Business
1 answer:
Makovka662 [10]2 years ago
3 0

Answer:

The correct answer is preparing her business plan.

Explanation:

A business plan (also known as a business project or business plan) is a document that describes and explains a business to be carried out, as well as different aspects related to it.

Making a business plan allows us to know the viability and profitability of a business before starting it, it serves as a guide to start it and then operate it and, in case of seeking financing, it helps us to achieve it.

However, despite being aware of the importance of making a business plan, many entrepreneurs often overlook this stage because they think that doing one is a complex task reserved only for those who have extensive experience in the subject, or that It is something that consumes too much time.

But the truth is that writing a business plan is not something complex or something that takes too much time, but something that any of us can do in a few days, as long as we know the business we want to start and other aspects related to this , such as the market in which it will operate.

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A firm has 4,250 shares of stock outstanding with a market value of $16.65 a share, $64,800 of long-term debt with an interest r
liraira [26]

Answer: 1.50

Explanation:

Baeed on the information given in the question, the enterprise value multiple would be calculated as:

= [(4,250 × 16.65) + 64,800 - 5,200] / (213,000 - 126,200)

= 130,362.5 / 86,800

= 1.50 times

6 0
2 years ago
New Body, a gym, bought new exercise equipment on credit. The purchase price was $10,438.88. They secure the loan with a financi
LiRa [457]

Answer:

b. $524.94

Explanation:

We need to solve for the PTM of a 6 year annuity with quarterly payment discount for 6.25% compounding quarterly as well:

PV \div \frac{1-(1+r)^{-time} }{rate} = PTM\\

PV $10,438.8800

time 24 (6 years x 4 quarter per year)

rate 0.015625 8 ( 0.0625 / 4 )

The payment every quarter will be for:

10438.88 \div \frac{1-(1+0.015625)^{-24} }{0.015625} = PTM\\

PTM  $ 524.942

4 0
2 years ago
Eastern europe has become successful at manufacturing automobiles and ________ products.
pshichka [43]
<span>Eastern Europe has become successful at manufacturing automobiles and Electronic products. In actuality, Central and Eastern Europe (CEE) have emerged as a global leader in the electronics industry. Hungary has been the area to experience the most growth in the electronics world.</span>
5 0
3 years ago
Larned Corporation recorded the following transactions for the just completed month.
Galina-37 [17]

Answer and Explanation:

The journal entries are shown below:

Raw materials inventory $76,000  

   To Accounts payable $76,000

(being the raw material purchased on account)

Work in process inventory $65,000

Manufacturing overhead $9,000

      To Raw materials inventory $74,000

(Being the work in process and overhead is recorded)

Work in process inventory $101,500

Manufacturing overhead $21,500

      To Cash $123,000

(being cash paid is recorded)

Manufacturing overhead $195,000

        To Accumulated depreciation-Equipment $195,000

(being the manufacturing overhead is recorded)

7 0
3 years ago
Sabv Corporation's break-even-point in sales is $840,000, and its variable expenses are 75% of sales. If the company lost $34,00
zhuklara [117]

Answer:sales must have amounted to:$704,000

Explanation:

Contribution ratio = Sales ratio - Variable cost ratio

= 100%- 75%

=25%

Sales to break even = Fixed expenses / Contribution margin ratio

Therefore,

 Fixed expenses = Sales to break even   x  Contribution margin ratio

=$840,000 x 25%

=$210,000

Contribution margin can also be calculated as

Fixed expenses- Operating loss

=$210,000 -$34,000

=$176,000

Sales = Contribution margin/ Contribution ratio

= $176,000/25% =$704,000

5 0
2 years ago
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