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Dahasolnce [82]
3 years ago
10

Which of the following is not a component included in a standard business plan?

Business
2 answers:
vovangra [49]3 years ago
6 0

Answer: Which of the following is not a component included in a standard business plan?

  • b. employee summary.

Explanation:

The standard business plan is usually not very extensive. It covers the needs of a specific business plan that can be presented to a bank, a potential investor, a seller, ally, partner or even an employee.

The standard business plan begins with a<em> summary and includes sections or chapters that cover the company, the product or service it sells, the target market, the strategy and its implementation, milestones and goals, the management team and the financial forecast.</em>

Nimfa-mama [501]3 years ago
5 0

A standard business plan will not include an employee summary.

All of the other options are always included in a business plan to assess the feasibility of the venture.

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b. The journal entries for the employer-provided fringe benefits is the following:

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Salaries expenses (Fringe benefit account)    $63,000

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a. The journal entries for the employee salary expense, withholdings, and salaries payable are the following:

                                                       Debit                           Credit

Salaries expenses account    $2,100,000

    Federal Income tax payable                                       $315,000

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   FICA social security tax payable                                 $160,650

   Blue shield payable                                                       $21,000

  Cash account                                                               $1.472.1000

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Payroll Tax expense account    $290,850

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