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andrew11 [14]
3 years ago
6

Write the importance of a business operating plan​

Business
2 answers:
Leviafan [203]3 years ago
8 0

Answer:

importance of  a business operating plan

Explanation:

whether you're starting small business or exploring  ways to expand an existing one, a business plan is an important tool to help guide your decisions.Think of it as a roadmap to success,providing greater clarity on all aspects of your business,from marketing and finance to operations and product/service details

sorry po kung mali

Serjik [45]3 years ago
5 0

Explanation:

Whether you're starting a small business or exploring ways to expand an existing one, a business plan is an important tool to help guide your decisions.

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Meat Puppets Company purchased equipment for $7,200 on December 1. It is estimated that annual depreciation on the equipment wil
Arte-miy333 [17]

Answer:

b. Debit Depreciation Expense, $150; Credit Accumulated Depreciation, $150.

Explanation:

The adjusting entry is as follows

Depreciation expense Dr - Equipment

            To Accumulated depreciation

(Being the depreciation expense is recorded)

The computation is shown below:

= $1,800 ÷ 12 months

= $150

We simply debited the depreciation expense and credited the accumulated depreciation for $150 so that the proper posting could be done

3 0
3 years ago
Which of the following statements about the Federal Application for Student Aid (FAFSA) is TRUE?
dangina [55]
Using the FAFSA form, you can apply for federal student loans and the federal work-study program. The IRS Data Retrieval Tool allows you to view and transfer your tax information directly into your FAFSA form. Federal Student Loan is the way to pay for your higher education that will require you to pay back the money you receive.
7 0
3 years ago
Read 2 more answers
Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal a
Marrrta [24]

Answer:

The interest payable on the loan is $5,000,option C

Explanation:

The interest is the cost incurred by the company for borrowing the $500,000 since no one is willing to part with their cash in loan agreement except that they have something in return.

The company has taken custody amount for 2 months (from November 1 2021 to 31 December 2021),hence it should recognized an interest payable for 2 months,which is computed thus:

interest payable=$500,000*6%*2/12=$5,000

7 0
3 years ago
Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
spayn [35]

Answer and Explanation:

The computation is shown below

1. The adjusted balance in the retained earning is shown below:

= beginning balance of retained earning + adjusted net income

where,

beginning balance of retained earning is $860,000

And, the adjusted net income is

= $68,000 × (1 - 0.35)

= $44,200

So, the adjusted balance in the retained earning is

= $860,000 + $44,200

= $904,200

2. Now the journal entry is

Inventory $68,000

      To Retained earning $44,200

      To Tax payable $23,800   ($68,000  × 35%)

(Being the adjustment of ending inventory is recorded)

It increased the inventory and along with it it also increased the equity and liabilities so the respective account is debited and credited

6 0
3 years ago
Marcus, feeling stressed out from work, decided to search for a meditation app for his phone that would help him relax during th
sweet-ann [11.9K]

Answer: a. It merely conducted some activity outside of Alaska and that activity took place through a website.

Explanation:

CalmDown can use the defence that all it did was to conduct an activity through it's website and this happened to be outside Alaska.

As such the company is still bound by the state that it is registered in which in this case would seem to be in Alaska. They are not to be bound by the laws of another jurisdiction from the one they are registered to if the activity was done on the internet.

Marcus should therefore try to bring action against them in Alaska if he can.

7 0
3 years ago
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