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3 years ago

How important is a business plan?

Business

2 answers:

zubka84 [21]3 years ago

8 0

Answer: Hewo, There! your Answer is Below

A business plan is a very important and strategic tool for entrepreneurs.

the purpose of a business plan is to help articulate a strategy for starting your business.

Explanation:

Hope this Helps you!!

Have a great day!!

A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed

Agata [3.3K]3 years ago

5 0

Answer:

Hey mate.....

Explanation:

This is ur answer.....

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. 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.

Hope it helps!

Brainliest pls!

Follow me! ;)

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Maggie’s mom agrees to let Maggie buy small gifts for some of her friends. Each gift costs $4. Maggie’s mom gave her a budget of

solmaris [256]

Maggie can buy 3 gifts

Solution:

Total budget $19

Each gift costs $4

Shipping fee $7

a. Total budget — Shipping fee = $19 - $7 = $12

Maggie’s got $12 more

Each gift costs $4

Number of gifts that Maggie can buy = $\frac{12}{4}$ =3

b. Let x represent the number of gifts.

19 = 7 +4x

Subtract -7 from both sides

19 - 7= 7 + 4x - 7

Now Simplify,

12 = 4x

Divide both sides by 4

$\frac{12}{4} = \frac{4x}{4}$

x = 3

5 0

3 years ago

If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ t

GuDViN [60]

Answer:

greater; higher than

Explanation:

Here is the complete question

If the supply of aisle seats equals the supply of middle seats on an airplane, and the demand for aisle seats is _____________ than the demand for middle seats, then the equilibrium price of aisle seats will be ______________ the equilibrium price of middle seats

.a. greater; higher than

b. less; higher than

c. greater; lower than

d. less; the same as

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If the demand for aisle seats exceeds the demand for middle seats, it means that equilibrium price for aisle seat would exceed equilibrium price

3 0

3 years ago

Amount Number of units sold 11,000 Selling price per unit $ 16 Variable selling expense per unit $ 1 Variable administrative exp

german

Traditional income statement : Net operating income $47,000

Contribution income statement : Net operating income $25,000

Traditional Income Statement

Sales (11,000 x $16) $176,000

Cost of goods sold

(9,000 + 87,000 - 25,000) ($71,000)

Gross Margin 105,000

Selling and administrative expenses:

Selling expense

(11,000 x 1) + 22,000 $33,000

Administrative expense

(11,000 x 1) + 14,000 $25000

Net operating income $47,000

Contribution format income statement

Sales $176,000

Variable expenses:

Cost of goods sold 71,000

Selling expense 11,000

Administrative expense 11,000 ($93,000)

Contribution Margin $83,000

Fixed expenses:

Selling expense 33,000

Administrative expense 25,000 (58,000)

Net operating income $25,000

Learn more about preparation of income statement here : brainly.com/question/24498019

3 0

3 years ago

The rules of debit and credit for expense accounts are the same as the rules for asset accounts. true or false

zepelin [54]

True hope this helps!!

8 0

4 years ago

Cost classifications For each of the following costs, check the columns that most likely apply (both variable and fixed might ap

Vanyuwa [196]

Answer:

A. Particular Direct Indirect Variable Fixed

1 Wages of Assembly Yes No Yes No

2 Deprecation of plant & No Yes No Yes

Machinery

3 Glue & Thread No No Yes No

4 Outbound Shipping Cost No Yes No Yes

5 Raw Material Handling Cost Yes No Yes No

6 Salary Of Public Relations No Yes No Yes

manager

7 Production Run Setup Costs Yes No Yes No

8 Plant Utilities Yes No Yes No

9 Electricity cost of retail stores No Yes Yes No

10 Research and development No Yes No Yes

expense

B. Product-Costing

i. Manufacturing Cost Per Machine Hour = Total Manufacturing overhead / Total Machine Hours

Manufacturing Cost Per Machine Hour = 359,520.00 / 21,400.00

Manufacturing Cost Per Machine Hour = 16.80

ii. Particular Amount

Raw Material $6,240

Direct Labor Cost $9,165

$15,405

Manufacturing overhead $13,104

(780 hours* $16.80)

Total Cost of 3900 Hats $28509

Thus, the Cost of One hat = $28509 / 3900 hat = $7.31 per hat

iii. Total Hats made During the Month Of April 3,900

Less: Closing Inventory 1,050

Sold During the month of April 2,850

Cost Of Hats Sold During the month of April

= 2,850 * $7.31

= $20,833.5

Cost of Closing Stock (1,050 hat) = 1,050 hat * $7.31 = 7675.5

8 0

3 years ago

How important is a business plan?​

How important is a business plan?