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4 years ago

Which section of a business plan gives details about a business’s core products and services?

Business

1 answer:

yuradex [85]4 years ago

5 0

Answer:

the executive summary. (more info below)

Explanation:

A strong executive summary is a convincing one. It shows the mission statement of the organization, along with a brief summary of its goods and services. It may also be a smart opportunity to clarify briefly why you are beginning your company and to give specifics about your background in the field that you are joining.These four key sections are what the 4 major sections of a business plan, the executive summary, marketing plan, key management bios, and financial plan.

hope this helped!

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Fixed expenses are $384,000 per month. The company is currently selling 6,000 units per month. The marketing manager would like

allochka39001 [22]

Answer:

A reduction of $12,500 in net operating income

Explanation:

The net operating income/loss is the difference between the sales and the total costs.

The change in the company's net operating income is the net of the increased commission and the total decrease in salaries. The commission is a variable cost that is dependent on the total number of units sold.

Hence the overall effect on the company's monthly net operating income of this change

= $46,000 - ($9 * 6500)

= ($12,500)

6 0

4 years ago

Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the customer. What entry is re

Reika [66]

The entry is required in the company's accounts debit cash ;Credit notes receivable and interest revenue.

If a business frequently trades in goods or services for notes, it would likely add a debit column for notes receivable to the sales book so that the general journal would not need to be used to record these transactions. It is also possible to build a separate subsidiary ledger for notes payable. A corporation should create a separate provision for bad debts account specifically for notes receivable if the quantity of notes receivable is substantial.

A note is considered to be honored when the maker pays it in accordance with the terms written down on it.

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7 0

2 years ago

Digby's product manager is considering lowering the price of the Daft product by $2.50 and wants to know what the impact will be

Dvinal [7]

Answer:

D. 34.00%

Explanation:

The computation of the new contribution margin is shown below:

As we know that

Contribution Margin = Net Sales Revenue - Variable Expenses

where,

Net sales revenue is

= 604 units × $32.5

= $19,630

The variable expense = Total material cost + total labor cost

Total Material Cost = 604 units × $14.36 = $8,673.44

Total Labor Cost = 604 units × $7.09 = $4,282.36

So, the variable expense is

= $8,673.44 + $4,282.36

= $12,955.8

Now

Contribution margin = $19,630 - $12,955.8 = $6,674.2

And,

Contribution margin ratio = Contribution margin ÷ net sales

So, Contribution margin = $6,674.2 ÷ $19,630

= 34.00%

4 0

4 years ago

Muhares, which uses a process-costing system, adds material at the beginning of production and incurs conversion cost evenly thr

Lapatulllka [165]

Answer:

c). 60%

Explanation:

Calculation for what the ending work-in-process inventory's stage of completion is:

First step is to calculate the Units in process

Units in process = 8,000 - 6,500

Units in process= 1,500 units

Second step is to calculate Equivalent units of conversion for in process

Equivalent units of conversion for in process = 7,400 - 6,500

Equivalent units of conversion for in process= 900

Now let calculate the ending work-in-process inventory's stage of completion

Ending work-in-process inventory's stage of completion=900 / 1,500

Ending work-in-process inventory's stage of completion= 0.60*100

Ending work-in-process inventory's stage of completion=60%

Therefore the the ending work-in-process inventory's stage of completion is:60%

4 0

3 years ago

A type of taxation in which people and businesses with higher income pay higher taxes is known as _______. A. regressive taxatio

Airida [17]

The answer is B. Progressive taxation.

4 0

3 years ago

Read 2 more answers