1. Find a good business idea
A good business idea isn’t just one that turns a profit. It’s one that’s a good fit for you personally, for your target market, and for your location. You’re going to be in business for the long haul, so you really should pick something you can live and breathe.
<span><span>Identify your strengths and weaknesses <span>Conduct a SWOT analysis<span> on yourself </span></span></span><span><span>Come up with a business idea </span>that caters to your strengths </span><span><span>How to start inventing things </span>(or how to find something to invent)</span>Define what success looks like for you <span><span>Do your research: </span><span>What are popular businesses today?</span></span></span>
Answer:
C) examination of supporting documents
Explanation:
<em>Examination of supporting documents</em>, is a type of supporting schedule, which is designed to show detailed tests performed, does not tie into the general ledger, but must state a positive or negative conclusion about the objective of the test.
Answer:
The answer is A.15.12%.
Explanation:
Please find the below for explanation and calculations:
We have EBIT = Pretax profit /0.7 = Net profit / (0.6 x 0.7) = 0.42 x Net Profit
=> Net profit / Sales = Profit margin = 0.42 x EBIT/ Sales = 0.42 x Return-on-sales = 2.52%;
Leverage ratio = Asset/ Equity = 1.5;
Sales / Asset = asset turn over ratio = 4;
Apply the Dupont model we have:
Return on Equity = Leverage ratio x Profit Margin x Leverage ratio = 2.52% x 1.5 x 4 = 15.12%.
Thus, the answer is A. 15.12%.
Answer:
Follows are the solution to the given points:
Explanation:
In point a:
This business of plastic containers is increasing its Lunchbox Product Signature price around $3.00 and $4.00. The volumes produced consequently declined around 20,000 to 15,000.
The price elasticity also becomes unitary
In point b:
U.S. economic theory states that the elasticity of fuel demand is 0.5 because prices would be less than 1 and so are non-elastic.
In point c:
The capital Metro agrees and add $2.00 to $2.21 also for bus fares. Consequently, with an average of 70,000 drivers a days to both a daily average 61,000 drivers, its passenger numbers who take the bus in Austin falls.
The value being higher than 1 is elastic.
