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3 years ago

How to writ introduction to a business plan

Business

1 answer:

Sergeu [11.5K]3 years ago

4 0

Answer:

The plan which is prepared by manager or owner for their business to attain the certain objectiveis known as business plan

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Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the m

Nookie1986 [14]

Answer:

White Division Gross Profit = $72,200

Grey Division Gross Profit = $247,700

Explanation:

White Division Grey division

Sales (net) $270,000 $540,000

Less: Cost of goods sold $135,000 $202,500

Gross Margin $135,000 $337,500

Less: Salary Expenses $37,800 $64,800

Rent $25,000 $25,000

Gross Profit $72,200 $247,700

The White Division occupies 25,000 square feet in the plant. The Grey Division occupies 25,000 square feet. Hence, the rent expenses will be shared equally. Rent = $50,000 hence, both division will pay $25,000 each for rent

7 0

3 years ago

A business owner makes 1,000 items a day. Each day she contributes eight hours to produce those items. If hired, elsewhere she c

Olin [163]

Answer:

Accounting profit=$300,000

Explanation:

Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred.

It is the difference between the total revenue and the total explicit costs. Explicit costs are those transaction cost incurred to generate revenue . E.g the cost of the material , labour, expenses e.tc.

On the other hand, economic profit includes accounting profit plus opportunity cost. Opportunity cost is the value of the benefits sacrificed in favour of a decision.

Accounting profit = Sales revenue - Explicit cost

Sales revenue = Price × units sold= $15× 1000× 30 = $450,000 1

Explicit cost = $150,00

Accounting profit = $450,000- 150,000 = $300,000

Accounting profit=$300,000

Note we ignore the amount she could have earned because it is an implicit cost

4 0

4 years ago

Flo enters into a contract with Global Shipping Ltd. to insure and ship a painting from France to the United States for a certai

Colt1911 [192]

Answer:

b. Allow the parties to rescind the contract

Explanation:

Flo enters into a contract with Global Shipping Ltd. to insure and ship a painting from France to the United States at a certain amount mentioned in the contract. However, Global Shipping Ltd. makes a mistake in calculating the costs. As a result, a contract price is equal to the amount that is $1,000 less than the true cost. Most likely, a court would allow the parties to rescind the contract.

Option b. is correct.

7 0

3 years ago

Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $13,600 of unpaid and unrecord

lyudmila [28]

Answer:

Salaries expense A/c Dr $34,000

To Cash A/c $34,000

(Being the salary is paid for cash is recorded)

Explanation:

The journal entry is shown below:

On January 3

Salaries expense A/c Dr $34,000

To Cash A/c $34,000

(Being the salary is paid for cash is recorded)

Since salary is paid so we debited the salary expense account and the cash is reduced so cash account should be credited.

The options which are given are not correct. So, ignored it

6 0

3 years ago

Hollis, an individual, makes a cash contribution to Orchestra Y, a nongovernmental not-for-profit organization, unrestricted as

FromTheMoon [43]

Answer:

Operating activities

Explanation:

Operating activity of a business is the function that a business performs that is directly related to provision of goods and services to customers. It is the core business activity.

For example a car production company has manufacturing as its core operating activity.

In this scenario Hollis, an individual, makes a cash contribution to a nongovernmental not-for-profit organisation and is considered as an investment in the cultural future of the city where Orchestra Y is located.

Since the contribution is for investment in the community and this is a core function of the NGO, it can be reported as cash flow from its operating activities

5 0

3 years ago