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aliya0001 [1]
3 years ago
14

Connie stepped in to assist her friend Fred conduct his research plan for his business. He is trying to see where he should open

his next tie boutique. Connie first reviews the plan and then begins checking out potential geographic regions large enough to support this type of boutique. She also looks at census data for what the overall locations look like demographically. Now that she has conducted the secondary research, what should be her next step?
Business
1 answer:
Illusion [34]3 years ago
5 0

Connie's next step should be

Not - go back and revisit her plan objectives

Maybe - Conduct primary research and analyze Fred's current customers.

<h3><u>Explanation:</u></h3>

It is very essential for an entrepreneur who decides to start a new business to have a business plan that helps him in setting up the businesses in the right track and usage of funds in an effective manner. A business plan acts as a blue print of a new business and the objectives and resource utilization.

In the scenario give, Fred decides to start a new boutique and has conducted researches geographic locations and the type of boutiques supported by the demography. She must not then go back and review her plan objectives as she has decided to start it with a good plan and she may conduct a primary research about the  current customers of him.

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Process costing would be most likely used by a A. salsa company. B. soft drink manufacturer. C. cereal company. D. all of the ab
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Answer:

All of the above would use process costing.

Explanation:

Process costing can be defined as a method of assigning manufacturing costs whereby the cost of each unit produced is assumed to be the same cost for every unit.

Process costing is most commonly applied when goods are produced in large numbers and when the costs linked to individual units cannot be easily differentiated from each other.

Under process costing, costs rise over a fixed period of time, and are then assigned to all the units produced throughout that period.

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3 years ago
If the government for the state of Washington collects $65.8 billion in tax revenues in 2013 and total spending in the same year
MatroZZZ [7]

Answer:

D a budget deficit.

Explanation:

A budget deficit is when government spending exceeds income from taxes.

The State of Washington spent a total of $74.8 billion and had a total income of $65.8 billion. Spending exceeds income from taxes by $9 billion. The State of Washington has a budget deficit.

A budget surplus is when income from taxes exceeds government spending.

I hope my answer helps you.

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3 years ago
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3 years ago
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On December 1, 2016, Insto Photo Company purchased merchandise, invoice price $25,000, and issued a 12%, 120-day note to Ringo C
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Answer:

See explanation section

Explanation:

Requirement A

                            Insto Photo Company

                                  Journal Entries

Date                             Accounts Name                    Debit          Credit

December 1, 2016     Inventory                              $25,000

                                           Notes payable                                 $25,000

<em>Note</em>: As the merchandise company issued a note for the credit purchase of merchandise inventory, notes payable is used instead of accounts payable.

Dec. 31, 2016             Interest expense                      $250

                                               Interest payable                             $250

<em>Note: </em>Adjusting entry is needed as the fiscal year is ended on 31st December, therefore, there will be an accrued interest expense to be paid for one month. The calculation of interest expense = $25,000 × 12% × (30 ÷ 360) [assuming  1 year = 360 days, 1 month = 30 days]. = $250 for one month's accrual.

Requirement B

March 31, 2017           Interest expense                     $   750

                                   Interest payable                      $   250

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                                                      Cash                                      $26,000

<em>Note:</em> At the end of the maturity date, the buyer will pay all the bills of the notes plus interest. Interest payable becomes debit as it did not pay by the buyer on 31st December, 2016. The remaining interest = $25,000 × 12% × (90 ÷ 360) = $750. Total cash will be paid after the maturity = $25,000 + $250 + $750 = $26,000.

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Answer:

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Explanation:

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