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Strike441 [17]
3 years ago
13

Frederick is about to start a small manufacturing business soon. He has asked some of his friends, who are entrepreneurs, for ad

vice. They have told Frederick that he needs to have a business plan in place. Frederick wants to know why a business plan is so important. Which of the following statements would be true?
A. A business plan will help Frederick attract and persuade investors.
B. A business plan will help Frederick guarantee profits in the future.
C. A business plan will help Frederick trick potential customers.
D. A business plan will help Frederick choose the type of product his business should manufacture.
Business
2 answers:
NemiM [27]3 years ago
7 0

A business plan will help Frederick attract and persuade investors.  A business plan is primarly used to explain the business to potential stakeholders like investors.

adell [148]3 years ago
7 0

Correct answer is Option A, A Business Plan will help Frederick attract and persuade investors.

Frederick is an entrepreneur. He is starting a new business. Many of his friends are entrepreneurs. He asked them for the advice. They told Frederick that he needs to have a business plan. Frederick wants to know why business plan is so important. So the importance of business plan is inevitable. Your business plan determines the future of your business. If your business plan is influential, it will attract investors. Investors will see the potential in your business through your business plan and they will want to invest in your business. So a business plan is very much important while starting a business.

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Subject: Accounting
prisoha [69]

Answer:

D) $1120

Explanation:

The goods Sally purchase were $1440, and with the 25% discount, she would have paid $1080, because 25% of $1440 is $360. Since she returned 1/3, she would have only spent $720, because $1080/3 is also $360. $720+$400 from the beginning would be $1120

7 0
3 years ago
Read 2 more answers
Match each of the categories of inventory with the right supported function. Production maintenance, repair, and other activitie
Mice21 [21]

Answer:

1. spare parts  - Repair, and other activities

2. work-in-process  - Production maintenance

3. indirect materials - Customer Service

Explanation:

The manufacturing cost which is directly affected by the units produced is direct cost and the manufacturing cost which is not affected by the units produced is indirect cost.

Material used for Customer service is indirect material

Work in process is part of production maintenance

Spare parts are required to complete repair activities.

6 0
3 years ago
Hillary can invest her family savings in two assets: riskless treasury bills or a risky vacation home real estate project on an
galina1969 [7]

Answer:

The expected return on her portfolio is B) 11.8%

Explanation:

Hi, the expected return of a portfolio can be found by multiplying the weight of each of the assets times each of its expected return, that is:

E(portfolio)=E(Tbills)*Weight(Tbills)+E(other)*Weight(other)

So everything should look like this

E(portfolio)=0.04*0.70+0.3*0.3=0.118

The expected return of the portfolio is 11.8%, that is option B)

Best of luck.

7 0
3 years ago
The State of Chiapas, Mexico, decided to fund a program for literacy. The first cost of $250,000 now and an updated budget of $9
timama [110]

The perpetual equivalent annual cost is - $35013

<h3 /><h3>The perpetual annual cost calculation</h3>

interest i = 10%

Period = n = 7 years

Formula

A/F = i/(1+i)^n-1

= 0.1/(1+0.1)^7-1

= 0.1054

The perpetual annual cost

= -250000*0.1-95000(0.1054)

= -25000-10013

= - 35013

Therefore the perpetual equivalent annual cost is   $35013

8 0
2 years ago
BI represents a bold new paradigm in which the company's business strategy must be aligned to its business intelligence analysis
nikdorinn [45]

The answer is, False.

  • A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions.
  • BI is a tool for achieving goals, not a goal in and of itself.
  • BI is a crucial tool since technology is advancing quickly and steadily.
  • For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years.
  • Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.

<h3>What do you mean by business intelligence?</h3>
  • Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.

<h3>What is business intelligence give examples?</h3>
  • BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition.
  • Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.

Learn more about  business intelligence here:

brainly.com/question/13339276

#SPJ4

4 0
2 years ago
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