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3 years ago

What are four importance of a business plan

1 answer:

3 0

-avoid mistakes/disasters (lack of teamwork, pricing, etc)
-setting objectives
-helps with development and growth
-create marketing strategy

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Consider the following financial statement for Heir Jordan Corporation. HEIR JORDAN CORPORATION Income Statement Sales $ 48,500

sp2606 [1]

Answer:

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................41,400

Taxable income $ 14,000...............16,800

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................10,920

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Explanation:

Consider the following financial statement for Heir Jordan Corporation.

HEIR JORDAN CORPORATION

Income Statement

Sales $ 48,500 * 120%....................58,200

Costs 34,500 * 120%........................41,400

Taxable income $ 14,000...............16,800

Taxes (35%) 4,900 ...........................5,880

Net income $ 9,100 ........................10,920

Dividends $ 2,900 ..(31.87%)..........3,480

Former Addition to retained earnings 6,200

New Addition to retained earnings 7,440

Pay out ratio is 31.87% of Net income which is derived by Dividends/Net Income

4 0

3 years ago

TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The purchaser paid $75,000 cash at

statuscvo [17]

Answer:

Explanation:

Amount realized on sale:

Cash $75,000

Purchaser’s note 675,000

$750,000

Adjusted basis (535,000)

Gain realized on sale $215,000

b. $215,000 gain realized ÷ $750,000 contract price = 28.67% gross profit percentage.

Cash received in year of sale:

Cash at closing $75,000

August principal payment 33,750

$108,750

Gain recognized (108750*28.67%) $31,179

A. Book gain $215,000

Tax gain (31,179)

Book/tax difference $183,821

B. $183,821 × 35% = $64,338 deferred tax liability

The excess of book gain over tax gain is a favorable difference.

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3 years ago

The equilibrium between possible threats and prospective compensation is known as ________.

stiv31 [10]

The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.

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2 years ago

Is a business cycle a type of recession? yes or no?

Kruka [31]

Answer:

The Answer is gonna be Yes

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3 years ago

Help me to answer thi Q! Thanks!

cestrela7 [59]

Divide the numbers on the first graph by 1’s and you get your answer

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3 years ago