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3 years ago

What is the best way to put together a business plan ?

1 answer:

7 0

The best way to put together a business plan is first to do a comprehensive research on the type of business you are going to set up and study the industry you would like to enter into. The business plan should consist of the following key elements:

1. Company overview that includes the company’s mission and vision, products or services, unique characteristic of the product and the business opportunities.

2. Study of the business environment that includes industry, market, competition and target market analysis

3. Company description that introduces the management team, technology used, operations, products or services and distribution

4. Company strategy which is the roadmap to achieving the company’s targets and goals

5. Financial review that shows the condition of the company that includes, the financial statements such as the balance sheet, income statement, cash flow statement and projections

6. Detailed action plan that is doable, realistic and can work within a specific time frame

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Under AICPA rules, which statement best describes the period of the professional engagement as it applies to a three-year engage

gizmo_the_mogwai [7]

Answer: The correct answer is "D. It begins when the engagement letter is signed and continues until the report for the third year is issued unless the relationship is terminated sooner.".

Explanation: The statement "It begins when the engagement letter is signed and continues until the report for the third year is issued unless the relationship is terminated sooner." best describes the period of the professional engagement as it applies to a three-year engagement to audit client's financial statements since this type of professional commitment begins with the signing of the document that formalizes the commitment and is in force until the issuance of the last report unless the relationship is resolved beforehand by another circumstance.

4 0

3 years ago

What does pito mean kids said i look like a pito

Drupady [299]

In Spanish or in what

Cause if it’s in Spanish you don’t wanna know

7 0

3 years ago

Read 2 more answers

In order to motivate our sales force to increase sales, we decided to increase our commissions and salaries and increase marketi

algol [13]

Answer:

Sales Revenue - Inconsistent

Cost of Goods Sold - Inconsistent

Commission - Consistent

Shipping expense - Inconsistent

Bad debt expense - Unexplained

Salaries - Consistent

Lease of distribution center - Consistent

Depreciation of fleet and equipment - Inconsistent

Advertising - Consistent

Office rent, Phone, Internet - Inconsistent

Explanation:

The increase in selling price will result in change in the revenue figure. The cost of distribution is increased due to handling the addition volume. This will result in an increase in shipping expense and cost of goods sold. Salaries and commission of the staff will remain consistent as there will be no change due to increase of selling price.

8 0

3 years ago

The Seattle Corporation has been presented with an investment opportunity which will yield cash flows of $30,000 per year in Yea

Sergio [31]

Answer:

payback period = 4.86 years

Explanation:

given data

cash flows year 1 = $30,000 per year

cash flows year 5 = $35,000 per year

cash flows year 10 = $40,000 per year

investment cost = $150,000

to find out

payback period for this investment

solution

we get here accumulated inflows will be

accumulated inflows year 4 = $30,000 × 4

accumulated inflows year 4 = $120,000

and

accumulated inflows year 5 = $120,000 + $35,000 = $155,000

and Initial investment = $150,000

so payback period will be

payback period = 4 years + (150,000 - 120,000) ÷ 35,000 × 365 days

payback period = 4 years and 313 days

payback period = 4.86 years

3 0

3 years ago

Conversion and direct materials are generally both added at the end of the production process. true or false

dlinn [17]

This statement is false.
Conversion and direct materials are generally both not added at the end of the production process. As a matter of fact, they are either added at the beginning, or in the middle of the process, but definitely not at the end because then it would be too late.

6 0

3 years ago