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BigorU [14]
2 years ago
12

Explain the importance of having a business plan

Business
1 answer:
kobusy [5.1K]2 years ago
4 0

It'll help you set your priorities, and your main focus on what you'll be doing or where you'll be going in the near future.

You might be interested in
Which collaboration tool allows project managers to create a shared workspace that becomes the one-stop resource for a project,
zubka84 [21]

Answer:

C. An electronic bulletin board

Explanation:

ELECTRONIC BULLETIN BOARDS. Electronic bulletin boards (also known as message boards or computer forums) are communication systems online where one can share, request, or discuss information on just about any topic.

Electronic bulletin boards (also known as message boards or as computer forums) are online communication systems where one can share, request, or discuss information on just about any subject. E-mail is a way to converse privately with one or more people over the Internet; electronic bulletin boards are public.

3 0
3 years ago
Suppose that the price of a cupcake is $4. At this price, 50 cupcakes will be demanded. If the price rises to $5 per cupcake, co
Serggg [28]

Answer: fall by less than $50.

Explanation:

The options are:

• fall by more than $50.

• fall by less than $50.

• rise by less than $50.

• rise by more than $50.

Expert Answer

Consumer surplus, is referred to as the economic measure of the excess benefit that a customer gets. The consumer surplus is the difference between the amount that the customer is willing to pay and the amount that he or she eventually pays.

Based on the question, the total Price paid is: 50 × $4 = $200

Total Revised Price = 50 × $5 = $250

Therefore, there will be a fall by $50 that's ($250 - $200).

5 0
3 years ago
Gilda has an idea that would streamline​ operations, reduce​ costs, and increase profits. Her idea requires the cooperation of s
Jet001 [13]

Answer:

Evidence based.

Explanation:

Evidence: It is something that furnishes proof or testimony or something legally submitted to ascertain in the truth of matter.

Evidence basedis the conscientious (effort), explicit (clarity) and judicious (critical of quality) use of the best available evidence from multiple sources to increase the likelihood of a favourable outcome.

Characteristics:

- It’s about the process

- It’s not about certainties (this will work)

- It’s is about probabilities and likelihoods

- It is about reducing uncertainty (given our context this is more likely to lead to the outcome we want than doing something else or doing nothing)

7 0
3 years ago
Assume you have an AMEX card which pays a 2% cash rebate on all purchases, and a VISA card which pays a 1% cash rebate on all pu
Fiesta28 [93]

Answer:

The gas at station A is $0.02 per gallon more expensive

Explanation:

Data provided in the question:

Cash rebate provided by the AMEX card = 2%

Cash rebate provided by the VISA card = 1%

Price of the gas = $2.00 per gallon

Now,

Amount of rebate provided by the AMEX card per gallon = 2% of $2.00

= 0.02 × 2.00

= $0.04

Amount of rebate provided by the VISA card per gallon = 1% of $2.00

= 0.01 × 2.00

= $0.02

Since station A does not accept AMEX card

Therefore, VISA card will be used at station A

Thus,

Rebate at station A =  $0.02

And rebate at station B = $0.04

Difference in rebate = $0.04 - $0.02

= $0.02

Hence,

The gas at station A is $0.02 per gallon more expensive

8 0
4 years ago
The reported net incomes for the first 2 years of Sarasota Products, Inc., were as follows: 2020, $155,500; 2021, $188,100. Earl
Phoenix [80]

Answer:

Dr retained earnings($21,600+$15,800) $37,400.00

Cr  accumulated depreciation                                         $21,600

Cr inventory                                                                       $15,800

Explanation:

The errors that require adjustment are the overstatement and understatement of depreciation expense as well as the December 2021 overstatement of inventory.

The understatement of inventory in 2020 would have self-corrected itself in 2021 since closing inventory in 2020 deducted from costs of goods available  for sale would be introduced as opening inventory in 2021.

net effect of depreciation=understatement -overstatement=$37,500-$15,900=$21,600.00

hence retained earnings would reduce by $21,600.00

for the overstatement of inventory,retained earnings would reduce by $15,800

5 0
3 years ago
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