1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergeinik [125]
3 years ago
7

Jeffery wants to start his own small business, however he needs to persuade lenders and/or investors to back his new venture wit

h capital. What should he do as a preliminary step in beginning his new business?
Business
1 answer:
Alex3 years ago
8 0

Answer:

The correct answer is: to start a business plan.

Explanation:

To begin with, if Jeffery is looking forward to start a new business and with that he needs to persuade lenders or investors then he must start a business plan with enough information and strategies that can show to those people the fact that the business has a solid background and more than that it will show also that Jeffery is a serious person and will compromise to pay all the lends he take. That is why, the preliminary step in beginning his new business will be to make a plan where he state all the information necessary to start.

You might be interested in
A company acquires a subsidiary and will prepare consolidated financial statements for external reporting purposes. For internal
NemiM [27]

Answer:

It is a relatively easy method to apply.

Explanation:

When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.

But here, the parent company uses, initial value method for internal reporting.

Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.

There is no statutory requirement to follow such initial value method for internal reporting.

The correct reason therefore, is:

It is a relatively easy method to apply.

7 0
3 years ago
HELPPPPPPPPPPPPPPPPPPPPPPP
Rashid [163]
Answer 2 is the best choice
3 0
3 years ago
Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250).
Yanka [14]

Answer:

Ending Inventory  $ 64,000

Explanation:

To define the final inventory of the company it's necessary to find the cost of good of the period.  

As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.  

Total Sales Revenue had to be the net value after returns and discounts as it's detailed.  

Income Statement  

Sales revenue        $ 300,000  

Cost of goods sold  -$ 171,000  

Gross Profit            $ 129,000 43%

Beginning Inventory  $ 60,000

Purchases                  $ 175,000

Cost of goods sold  -$ 171,000

Ending Inventory    $ 64,000

7 0
3 years ago
Which statement below is​ FALSE? A. ​Mintzberg's notion of​ "crafting" strategies embodies the artistic​ model, which suggests t
OlgaM077 [116]

Answer:

D

Explanation:

3 0
3 years ago
What is meant by liquidity?
BartSMP [9]

Answer:

Liquidity is the term which is stated as the degree to which the asset or the security of the company which can be quickly sold or bought in the market at the price which states its intrinsic value.

In general term, it is defined as ease of converting the asset or security into cash.

Explanation:

The most liquid asset is cash as it is universally accepted and considered to be the standard for liquidity because it is quickly and easily be convertible  into other assets., while the other tangible assets like collectibles, real estate are all relatively illiquid.

Liquidity is of different types:

1. Market liquidity - Which refers to the extent of market like stock market, real estate market.

2. Accounting liquidity - It evaluates the ease with which the company or individual could meet or fulfill the financial obligations with the liquid assets which are available to them.

The accounting liquidity is measured with following ratios - Cash ratio, Quick ratio and Current ratio.

3 0
3 years ago
Other questions:
  • The exponential smoothing forecasting technique slowly responds to changes in the mean level of demand when A. a small alpha val
    7·1 answer
  • Baker Corporation has provided the following production and total cost data for two levels of monthly production volume. The com
    15·1 answer
  • For a resource to provide a firm with the potential for a sustainable competitive advantage, it must have four attributes. Which
    13·1 answer
  • Which career professional would be considered part of the Human Resources pathway of the Business, Management, and Administratio
    15·2 answers
  • Based on current dividend yields and expected capital gains, the expected rates of return on portfolios A and B are 9.1% and 12.
    8·1 answer
  • Legal obligations that carry punishments, if not followed, are ____?
    12·1 answer
  • Alex Guadet of Nashville, Tennessee, has been renting a two-bedroom house for several years. He pays $900 per month in rent for
    6·1 answer
  • Jim has a choice between two jobs. Job A would pay him $15 an hour with certainty, and the job B is commission based where he co
    6·1 answer
  • A raise in the price of a product
    5·1 answer
  • Which of the following is not a correct way of calculating a liquidity ratio?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!