This document is known as Business plan. A business plan stands as a formal written document including the objectives of a business, the strategies for attaining those goals, and the time frame for the attainment of the goals.
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What is business? </h3>
Business exists as the activity of creating one's living or earning money by producing or buying and selling products. It stands also for "any activity or enterprise joined into for profit.".
A business exists described as an organization or enterprising entity encountered in commercial, industrial, or professional activities. Businesses can be for-profit entities or non-profit organizations. Business classes range from limited liability businesses to sole proprietorships, corporations, and partnerships.
A business plan stands as a formal written document including the objectives of a business, the strategies for attaining those goals, and the time frame for the attainment of the goals. Good business plans should contain an executive resume and sections on products and services, marketing strategy and research, financial planning, and a budget.
A business plan stands as a very significant and strategic tool for entrepreneurs. A good business plan not only allows entrepreneurs to focus on the specific actions essential for them to create business concepts succeed, but it also enables them to achieve short-term and long-term purposes.
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Answer:
The supervisors represent the company on a day-to-day basis.
Explanation:
Craig said that the supervisors take employee relations as part of their jobs.
The option that buttresses this is that supervisors represent the company on a day-to-day basis. Meaning the supervisors as owners of the company, and as if they have a stake. Supervisors taking ownership presupposes they perform tasks like handling employee relations to ensure the business and the employee work harmoniously.
Answer:
Revenues to be understated.
Explanation:
The accrual basis says that revenues are recognized when earned and expenses are recognized when incurred.
In this case, if the legal services have been rendered at the end of the accounting period and no adjusting entry is made there is a situation of understated revenue.
When an accountant says that an amount is understated, it means two things: The amount is not the correct amount, and the amount is less than the true amount.
The adjusting entry that should be done is:
Debit to the liability account Unearned Service Revenue, and a credit to the revenue account Service Revenue.
Answer:
correct option is $37 million
Explanation:
given data
net operating loss = $74 million
pretax accounting and taxable income = $210 million
income tax rate = 38%
reducing the rate = 27%
to find out
Fama's income tax payable for the current
solution
we know here net taxable income that is express as
net taxable income = pretax accounting and taxable income - net operating loss ...................1
put here value we get
net taxable income = 210000 - 74000
net taxable income = $136000
and tax is here = 27 % of $136000
tax = 0.27 × $136000
tax = $36720 = 37000
So correct option is $37 million
Answer:
Assets would increase by $ 2897
Explanation:
Total Assets = Liabilities + Owner's Equity
Decrease in Liabilities = $ 27,137
Increase in Owner's Equity = $ 30,034
Total Change =$ 30,034 - $ 27,137= $ 2897
As the assets must equal the liabilities and owner's equity so the total change in liabilities and owner's equity must equal the change in assets.
In the above question the liabilities and owner's equity in total increase by $ 2897 so the assets must increase by $ 2897.
