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What are six resources for helping you decide what type of business to start and how to start it

zaharov [31]

1. Find a good business idea

A good business idea isn’t just one that turns a profit. It’s one that’s a good fit for you personally, for your target market, and for your location. You’re going to be in business for the long haul, so you really should pick something you can live and breathe.

Identify your strengths and weaknesses Conduct a SWOT analysis on yourself Come up with a business idea that caters to your strengths How to start inventing things (or how to find something to invent)Define what success looks like for you Do your research: What are popular businesses today?

8 0

3 years ago

Local playground equipment company plans to operate out of its current factory, which is estimated to last 30 years. all cost de

OLEGan [10]

All cost decisions it makes during the 30 year period is,

are zero because the cost decisions were made at the beginning of the business

6 0

3 years ago

Exercise 1-11 Incomplete manufacturing cost data for Horizon Company for 2020 are presented as follows for four different situat

timofeeve [1]

Answer:

DM DL MO Total Cost Beginning Ending COGM

118,600 144,900 92,800 (A)356,300 35,100 26,500(B) 364,900

118,200(C) 201,500 136,000 455,700 60,900(D) 42,900 473,700

84,900 103,300 81,700(E) 269,900 63,200 81,900 251,200(F)

75,000 142,600(G) 76,000 293,600 49,600 68,400(H) 274,800

Explanation:

(A) Total cost will be the sum of the three cost component:

DM + DL + MO

(B) the ending WIP will be the beginning + cost added less the complete and transferred

(C) from the total cost we subtract the DL and MO to get the material added

(D) similar to B the beginning will be Ending WIP + COGS - cost added

(E) total cost less DM and DL will be the amount of overhead applied

(F) teh cost of goods manufactured is the beginning WIP plus cost added less the ending WIP

(G) direct labor used will be total cost added less DL and MO

(H) same as B

6 0

3 years ago

What distinguishes open-ended credit from closed-ended credit?

KiRa [710]

Open-ended credit is credit that can be used repeatedly.

Example: A credit card

Close-ended credit is credit that has to be paid in full by a certain date

Example: A house loan (mortgage)

6 0

2 years ago

Read 2 more answers

At the cinemas, diet cola and peppy soda are the two most popular brands of cola sold to customers through vending machines. thi

Mekhanik [1.2K]

Based on the description above, it is an example called automated retailing. This is being described as a self-service category in which individuals are likely to buy products from a machine that sells products in a way that they reach the customers in a more innovative and a non-traditional technique that makes it more appealing to the public.

7 0

2 years ago