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3 years ago

Why is it important to have a good besiness background?

Business

2 answers:

fomenos3 years ago

6 0

Answer:

So people will want to join your business or invest in it.

Explanation:

Komok [63]3 years ago

4 0

So people would be interested in your business and want to work or buy from you! :)

You might be interested in

Which of the following is a fixed asset for a business?

stellarik [79]

Answer:

D. Motor lorry for delivery of goods

Explanation:

Business assets are valuable used to generate revenue for the business. Assets can be classified as either current or fixed assets. Currents assets can be converted to cash with relative ease.

Fixed assets have a lifespan exceeding one year. Usually, a business will not dispose of its fixed assets in the current financial period. Fixed assets remain constant in a period and are used in the production process.

From the list provided, lorry is the fixed asset. It is being used to deliver goods, hence assisting in generating revenue. The lorry has a lifespan exceeding one year and is not meant for sale.

4 0

3 years ago

Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers ar

saw5 [17]

Answer: See explanation

Explanation:

a. This is not a loss contingency. A loss contingency occurs when the value of an asset is reduced because of an occurence on the future. This isn't the case here as a separate sales transaction occured.

b. To account for it, we have to defer the revenue as a liability and then we will use the straight line basis to calculate the warranty expense.

2. Dr Cash $412,000

Cr Unearned revenue - extended warranties $ 412,000

(To record the sale of extended warranty)

Dr Unearned revenue - extended warranties. $57937.50

Cr. Revenue - Extended Warranties $57937.50

(To record revenue earned on extended warranty)

3 0

3 years ago

Susan wants to prepare a presentation that will calculate the total cost of ownership for the system. What financial analysis to

Temka [501]

Personal Trainer, Inc. owns and operates fitness centers in a dozen Midwestern cities. The centers have done well, and the company is planning an international expansion by opening a new “supercenter” in the Toronto area. Personal Trainer’s president, Cassia Umi, hired an IT consultant, Susan Park, to help develop an information system for the new facility. During the project, Susan will work closely with Gray Lewis, who will manage the new operation. Background

During data and process modeling, Susan Park developed a logical model of the proposed system. She drew an entity-relationship diagram and constructed a set of leveled and balanced DFDs. Now Susan is ready to consider various development strategies for the new system. She will investigate traditional and Web-based approaches and weigh the pros and cons of in-house development versus other alternatives.

Susan wants to prepare a presentation that will calculate the total cost of ownership for the system.

What financial analysis tools are available to her, and what are the advantages (and possible disadvantages) of each tool?

Answer:

The answer is below

Explanation:

The financial tools available to her,

NPV: Net Present Value

1. It is the total value benefit minus the total value of the costs.

2. It adjusts the value of future costs and benefits to account for the time value of money.

3. The systems can be compared more accurately and consistently.

ROI: Return On Investment.

Advanatge

1. It is a % rate that compares total net benefits received from a project to the total costs of the project.

2. Companies set a minimum ROI that all projects must match or exceed.

3. Disadvantage of this tool is that it expresses only an overall average rate of the return. It is not accurate for a given time period

PAY BACK ANALYSIS

1. It determines the time it takes for an information system to pay for itself.

2. Total development and operating costs are compared with total benefits.

3. Disadvantage of this method is that pay back analyzes on costs and benefits incurred at the beginning of a system’s useful life.

8 0

3 years ago

When a company leases an asset, the party that owns the asset is referred to as the____ and the party pays for the right to use

vazorg [7]

Answer:

Lessor; Lessee

Explanation:

When an asset is leased, the ownership of the asset is retained with the original owner before the lease arrangement. This party is known as the Lessor and he receives regular lease payments for the use of his property by the other party.

The other party to whom the asset is leased and who uses the property is know as the Lessee. The Lessee pays the lease payments to the Lessor for the use of the property. Once the lease arrangement ends, the Lessee stops his use of the property.

4 0

4 years ago

A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 27,100 uni

neonofarm [45]

Answer: 64.47%

Explanation:

Units produced in October = 17470

Units production in the most efficient way = 27,100

Therefore, the capacity utilization rate in October for the factory will be:

= Units produced in October / Units production in the most efficient way

= 17470 / 27100

= 0.6447

= 64.47%

The capacity utilization rate in October for this factory is 64.47%.

7 0

3 years ago

Why is it important to have a good besiness background? ​

Why is it important to have a good besiness background?