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aksik [14]
3 years ago
9

In the venture life cycle, moving from the development stage to the startup stage frequently begins with the preparation of a bu

siness plan. The business plan is a written document that describes the proposed venture in all of the following terms except:
a. the proposed product or service opportunity
b. the accounting data for the last five years
c. current resources available to the venture
d. financial projections
Business
1 answer:
OlgaM077 [116]3 years ago
8 0

Answer:

The correct answer is letter "B": the accounting data for the last five years.

Explanation:

A Business Plan is a written document that states how a company will achieve its goals. Few good companies last long without one. Business plans give direction to new companies, while established ones used them to determine new ventures. A business plan should paint a clear picture of the costs and drawbacks that come with each important decision.

<em>Requesting and analyzing accounting data for the last five years is not included in the making of a business plan.</em>

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Answer:

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Explanation:

\left[\begin{array}{ccc}-&$June&$July\\$Units&3,800&4,300\\$Hours per Unit&0.05&0.05\\$Labor Hour&190&215\\$Rate&9.9&9.9\\$Labor Cost&1,881&2,128.5\\\end{array}\right]

We multiply the required units by the time per units

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Next we multiply by the labor rate, giving us the labor cost.

<u>Key -terms</u>

labor rate: the total cost of an employee per hour

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