Answer:
12 months
Explanation:
The fiscal or financial period of a business lasts for 12 months or one year. It means that at the end of that 12 months, the business prepares its financial statement to determine its profitability. The business assesses its growth, success, and failure for the period.
After evaluating performance, planning for the next period of 12 months begins. The entrepreneur prepares a budget for the year, including their compensation. Compensation for the entrepreneur should be budgeted and reviewed every year together with the other budget items.
Answer: The main costs that they would have apart from the personnel, are the training, new purchases of supplements, depreciation for new equipment and advertising expenses.
Explanation: The trainings would be for them to learn how to serve wine and beer, the public will change and demand other types of music, perhaps it has to be live, however the main expense It would be in marketing to tell the usual consumers that not only coffee will be sold in their establishments.
Answer: Negatively related, ceteris paribus.
Explanation:
The Law of Supply and Demand holds that as the Price of a good DECREASES, the Quantity Demanded of that same good INCREASES ceteris paribus (all else being held constant).
This is why the Demand Curve slopes DOWNWARDS.
The lower the price, the more the demand.
In the graph I attached you can see how the Demand Curve slopes down showing that the lower the price, the higher the Quantity Demanded.
Because the earth has finite resources,
The ratio that would help Liam to come with this decisions is what is called the leverage ratio.
<h3>What is the leverage ratio?</h3>
This is the term that is used to refer to the financial measurement that is used to assess the ability of a company to get to its financial needs.
This ratio is used to check if the company is able to meet with its financial obligation or not.
It helps to measure the expenses mix of the company in such a way that they would be able to tell the changes in out put and how it affects the income that was used for operation.
Read more on leverage ratio here:
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