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3 years ago

Preparing a budget is a simple six-step process.

Business

1 answer:

Lostsunrise [7]3 years ago

7 0

Record income. List everything you expect to earn in the coming year. ...

Identify expenses. ...

Pay yourself first. ...

Track results. ...

Adjust As you go. ...

Banish debt.

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One study showed that for a recent period of 11 years, there was a strong correlation (or association) between the numbers of pe

telo118 [61]

<span>This statement does imply that there is a correlation between increasing power from nuclear power plants and drowning deaths in swimming pools. However, the logic is faulty. The reason a correlation exists is through random coincidence. It is completely feasible that the number of drowning deaths increased due to the number of pool ownership increasing. So the study may show a correlation, but is false due to inconsistent logic and missing data.</span>

7 0

3 years ago

How do debt and self financing affect the financial statement

zalisa [80]

Debt in any form worsens the financial position of the company as it is money that the company does not really have and will eventually have to be repaid. if self financing is the same as introducing capital then this would improve the financial standing of the company as this money does not have to be repaid but is the company's to use

6 0

4 years ago

The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $ 451 comm

KonstantinChe [14]

Answer:

(1) $1,230,000

(2) 110,000 customers

Explanation:

Given that,

Fixed cost = $451,000 per year

Average sales check per customer = $ 8.20

Average cost of food and other variable costs for each customer = $ 4.10

Income tax rate = 30%

Target net income = $114,800

(1) Contribution margin ratio:

= (Selling price - Variable price) ÷ Selling price

= ($ 8.20 - $ 4.10) ÷ $ 8.20

= 0.5

Income before tax:

= Net income ÷ (1 - Tax rate)

= $114,800 ÷ (1 - 0.3)

= $164,000

Desired revenue (dollars):

= (Fixed cost + Income before tax) ÷ Contribution margin ratio

= ($451,000 + $164,000) ÷ 0.5

= $1,230,000

(2) Customers are needed to break even:

= Fixed cost ÷ contribution per unit

= $451,000 ÷ ($8.20 - $4.10)

= $451,000 ÷ $4.10

= 110,000 customers

8 0

3 years ago

What are the documents required by the department of trade and industry when registering a private company

damaskus [11]

If this is in relation to South Africa then my answer is:

THREE DOCUMENTS REQUIRED BY THE DTI South Africa.
These forms should be completed and submitted with corresponding attachments.

1) NLA 1 - Part of Application for Registration or Application to transfer Registration or Notice of Review.
Attach the following requirements:
a) business zoning certificate (industrial) or consent letter (municipality)
b) comprehensive written representation in support of the registration
c) any determinant, consent approval or authority required
d) valid proof that the required application fee has been deposited in dti's bank account
e) valid certified copy of IDs or passports of applicant/s
f) trading business permit (foreign applicant)
g) SAPS police clearance issues within 3 months from date of application
h) valid copies of registration from CIPC (juristic person applicant)
i) valid tax clearance certificate from SARS issued with 12 months from date of application (juristic person applicant)
j) verification certificate issued in compliance to B-BBEE Act.

2) NLA 9 - Registration Certificate

<span>3) NLA 7 - Consent to or refusal of proposed conditions of registration.</span>

6 0

3 years ago

XYZ has 400,000 shares of common stock outstanding, a P/E ratio of 8, and $500,000 in net income. The board of directors has jus

alexira [117]

Answer:

$1,000

Explanation:

If total earnings are $500,000 and there are 400,000 shares, the original price per share is determined by:

$P=\frac{P}{E}*E\\ P=8*\frac{\$500,000}{400,000} \\P=\$10\\$

The value of your invest will be same before and after the split, what will change is the number of shares and their individual price.

If you owned 100 shares at $10 each, the value of your investment is:

$I = \$10*100\\I=\$1,000$

Total value of your investment will be $1,000.

4 0

3 years ago