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2 years ago

Why should mary ann and nana create a business plan?

1 answer:

8 0

Why should mary ann and nana create a business plan is to enables the aim and objective of their business to be realistic.

Mary ann and Nana should create a business plan due to the following reasons:

Creating a business plan will help them to achieve their core business goals.

Business pan will help both mary ann and nana to determine the strategy they need to achieve their aims.

Creating a business plan will help to highlights all the vital information concerning the business so as to make their business succeed.

Creating a business plan will help in maximizing their profit or in managing their cash.

Inconclusion why should mary ann and nana create a business plan is to enables the aim and objective of their business to be realistic.

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Although most people want maximum attainment of every economic goal, there is the operating reality of ________________________

bixtya [17]

Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.

<h3>What is Opportunity Cost?</h3>

Opportunity cost is a concept in economics and it refers to the cost of something that has to be given up to enjoy something better. This can be for example the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).

It is the amount or benefits an individual or organization get when they choose a particular products over another one.

The advantage could be monetary benefits.

Therefore, we can conclude that Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.

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8 0

1 year ago

Which one of the following types of disclosure costs is the cost of disclosing the company’s pricing strategies? A. Political co

Gnesinka [82]

Answer:

The correct answer is C

Explanation:

Competitive disadvantage is the described as the situation or circumstance which is unfavourable and it causes the firm or business to under perform the industry .

The competitive disadvantage cost is the cost or an expense which cost the firm or industry or the business to under form because of disclosing the pricing strategies of the company or business. Therefore, it as an competitive cost or an expense of disadvantage.

3 0

3 years ago

The Higgins Company has just purchased a piece of equipment at a cost of $120,000. This equipment will reduce operating costs by

Maru [420]

Answer:

B. 2.8 years

Explanation:

Initial investment = -120,000+ 8,000 = -112,000

Yr 1 cash inflow = 40,000, hence net CF = 40,000-112,000 = -72,000

Yr 2 cash inflow = 40,000, hence net CF = 40,000- 72,000 = -32,000

Yr 3 cash inflow = 40,000, hence net CF = 40,000-32,000 = 12,000

Payback period = last year with negative net CF + (absolute net CF that year/ total CF the following year)

= 2 + (32,000/40,000)

= 2 + 0.8

= 2.8 years

3 0

3 years ago

On January 15, the end of the first pay period of the year, North Company’s employees earned $26,000 of sales salaries. Withhold

Contact [7]

Answer: Please see the explanation column

Explanation:

Journal entry to record North Company’s salaries expense and related liabilities.

Date Particulars Debit Credit

Jan, 15 Sales salaries expense $26,000

To FICA Social Security taxes

payable at 6.2% $1,612

To FICA Medicare taxes

payable at 1.45% $377

To federal income taxes payable $2,000

To employee medical insurance payable $429

To employee union dues payable $180

Sales Salaries Payable $21.402

Working :

FICA Social Security taxes = 6.2% x $26,000 = $1,612

FICA Medicare taxes = 1.45% x 26,000 = $377

Salary payable =Sales salaries expense -(FICA Social Security taxes payable + FICA Medicare taxes payable + federal income taxes payable+medical insurance payable +employee union dues payable ) = 26,000 - (1612+377+2000+429+180)=$21,402.

6 0

3 years ago

A government agency has assigned a staff member to investigate complaints about employment discrimination at XYZ Corporation. Fo

lapo4ka [179]

Answer:

EEOC

Explanation:

The staff probably work for Equal Employment Opportunity Commission (EEOC), an agency designed to analyse the implementation of federals laws. The agency is liable to visit corporations to investigate the discrepancies, and to ensure that the laws are implemented. They enforced the laws, and investigate the complains of the general public regarding employment discrimination.

5 0

3 years ago