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.
Steven Ballard has a strategic initiative for East Carolina to be known as the leadership university.
His teaching and research are focused on leadership in the public sector, research and the development and the innovation process. He is also known for his amazing ethics and relentless support for ECU.
Answer:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Explanation:
Giving the following information:
Actual and budgeted fixed overhead $1,092,000
Standard variable overhead rate $27.00 per standard labor hour
Actual variable overhead costs $137,144
We weren't provided with enough information to calculate the direct labor rate variance. But I will provide the formula.
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Actual rate= actual direct labor costs/total actual hours worked
Answer:
11.57% and 9.02%
Explanation:
For computing the before-tax and after- tax cost of debt we use the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $1,050 - $20 = $1,030
Future value or Face value = $1,000
PMT = 1,000 × 12% = $120
NPER = 15 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after solving this,
1. The pretax cost of debt is 11.57%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 11.57% × ( 1 - 0.22)
= 9.02%
Question Completion:
The impact on accounting equation:
Answer:
Assets = Liabilities + Equity
a. Cash +$6,200 = Liabilities + Retained Earnings + $6,200
b. Accounts Receivable +$4,700 = Liabilities + Retained Earnings + $4,700
c. Cash -$1,750 = Liabilities + Retained Earnings -$1,750
d. Cash + $2,350; Accounts Receivable -$2,350 = Liabilities + Equity
e. Cash - $840 = Liabilities + Retained Earnings -$840
Explanation:
The accounting equation states that Assets = Liabilities + Equity. This equation means that every business transaction has effect on either side or both sides of the equation. For every transaction, the Assets are increased or decreased and Liabilities + Equity are increased or decreased. And sometimes, only one side is affected by a transaction. This means that the affected side is increased and decreased by one transaction. Case "d" is typical example.
