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pentagon [3]
3 years ago
9

Shawn is creating a business that provides advertising on public restroom stall doors. He is funding the project from his person

al savings of $5,000 and does not expect to use any outside financing. Should he create a business plan?
Business
1 answer:
Cerrena [4.2K]3 years ago
4 0

Answer:

It will be of very great use for him if he creates a business plan even though he does not expect to use any outside financing.

Explanation:

As we know that a Business Plan is a written document that details how a company will achieve its goals. Few good companies last long without one. Business Plan give directions to new companies while the established ones use them to determine new ventures. A business plan should paint a clear picture of the costs and drawbacks that come with each important decision. Operating a business without a plan is like swinging on a trapeze without a net. It might work but the benefits a plan provides are abundant.

Shawn has a chance to test a service even though he is funding the project himself. Shawn also has the opportunity to think through an idea before sinking too much money into it.

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The Department of Justice and the Federal Trade Commission must define the relevant market when determining whether to allow a m
emmainna [20.7K]

Answer:

The correct answer is letter "B": a price increase results in higher​ profits; otherwise, the market is too narrow.

Explanation:

When firms are interested in acquisitions or mergers they have to determine if the target company is part of a relevant market. The term refers to the competitive conditions that offer the economy where the target company is located. The relevant market also considers the type of product or service the target company offers.

<em>Relevant markets optimal for mergers are those where an increase in prices generates more revenue for firms. If there are too many competitors offering undifferentiated products, the market will not allow organizations to profit from price increases. Those markets, then, are too narrow.</em>

6 0
3 years ago
The predetermined manufacturing overhead rate for 2020 was $4.00 per direct labor hour; employees were paid $5.00 per hour.
erik [133]
Read the excerpt from Queen Elizabeth's Address to the Troops at Tilbury.

I know I have the body but of a weak and feeble woman; but I have the heart and stomach of a king, and of a king of England too, and think foul scorn that Parma or Spain, or any prince of Europe, should dare to invade the borders of my realm; to which, rather than any dishonour shall grow by me, I myself will take up arms, I myself will be your general, judge, and rewarder of every one of your virtues in the field.

In this excerpt, Queen Elizabeth is attempting to persuade troops that she

dislikes most European countries.
has the qualities of a capable leader.
is physically able to fight as a soldier.
will make a fair and virtuous judge.
5 0
2 years ago
Payton, Inc.'s charter authorized 100,000 shares of stock with a par value of $1 per share. Payton issues 100 shares at a market
hoa [83]

Answer:

Common stock and $100

Explanation:

The journal entry is shown below:

Cash Dr $500   (100 shares × $5)

     To Common stock $100  (100 shares × $1)

     To Additional paid in capital in excess of par value - common stock  (100 shares × $4)

(Being the issuance of the common stock is recorded)

For recording this we debited the cash as it increased the assets and credited the common stock and additional paid in capital as it increased the stockholder equity    

6 0
3 years ago
Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,000 to J.D. His
Serjik [45]

Answer:

-$8,600

Explanation:

Data provided in the question:

Distributions = $44,000

Basis = $42,000

Amount of ordinary income allocated = $10,600

Now,

Capital gain from distribution in excess of basis

= Distribution - Basis -  Amount of ordinary income allocated

= $44,000 - $42,000 - $10,600

= -$8,600

here, negative sign depicts there is a capital loss

8 0
3 years ago
Affirmative action focuses on hiring, training, promoting, and protecting class members where they are underrepresented in an or
In-s [12.5K]

Answer:

True

Explanation:

Affirmative action is a way to help a special class of people who were undermined previously. It helps to focus on such people; by promoting them and showing them that they are important too. Affirmative action helps them to get where they belong, by promoting them, and by giving them necessary training. It is necessary is to apply affirmative action in an organisation for job satisfaction and more productivity.

5 0
3 years ago
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