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2 years ago

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A business plan is a document describing the start-up costs and operating expenses of a new business. Please select the best ans

wer from the choices provided T F.

1 answer:

slamgirl [31]2 years ago

4 0

Answer:

<em><u>False </u></em>

Explanation:

<em>A business plan is a </em><em>written</em><em> </em><em>document </em><em>describing</em><em> </em><em>the </em><em>a </em><em>company</em>'s<em> </em><em>of </em><em>core </em><em>business</em><em> </em><em>activities</em><em>,</em><em> </em><em>objective</em><em>s</em><em>,</em><em> </em><em>and </em><em>how </em><em>it </em><em>plans </em><em>to </em><em>achieve</em><em> </em><em>it's </em><em>goal.</em>

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On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be

never [62]

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

3 0

2 years ago

When vulnerabilities have been controlled to the degree possible, there is often remaining risk that has not been completely rem

Varvara68 [4.7K]

Answer:

Residual risk

Explanation:

Risk is generally defined as the likelihood that some harm can happen. In quantitative evaluations, risk is defined as the probability that some negative event happens . Residual risk is the threat that remains after all efforts to identify and eliminate risk have been made. There are four basic ways of dealing with risk: reduce it, avoid it, accept it or transfer it. Since residual risk is unknown, many organizations choose to either accept residual risk or transfer it for example, by purchasing insurance to transfer the risk to an insurance company. Residual risk is the remaining risk that exists after all hazard mitigation measures have been implemented or exhausted in accordance with the applicable safety requirements and the project risk management process.

3 0

2 years ago

Market Corporation owns 100% of Subsidiary Corporation's stock. Market Corporation completely liquidates Subsidiary Corporation,

kykrilka [37]

Answer:

b. $400,000

Explanation:

According to the historical cost principle, the land or fixed assets should be reported in the financial statement with the purchase price or historical price.

In the given situation, the land receiving value is $400,000 and its fair market value or FMV is $500,000 and exchange value is $300,000

So, here the land should be recorded at $400,000. Hence, we ignored the fair market value and the exchanged value

6 0

2 years ago

A shop that makes candles offers a blueberry scented candle which has daily demand of 10 boxes. Blueberry candles can be produce

Lostsunrise [7]

Answer:

E. 115 boxes.

Explanation:

d: 10 boxes/day

p: 36 boxes/day

n: 365 days

s: $60

H: $24 box/year

D: d*n

D= 10*365= 3650 boxes/year

EPQ = $\sqrt{2DS/H} *\sqrt{p/p-d}$

EPQ= $\sqrt{2*365*60/24} *\sqrt{36/36-10}$

EPQ= 158.96 = 159 units

I=Q/P * (p-d)

I=159/36 * (36-10)

I=114.83

115 boxes aproximately

7 0

2 years ago

On January 1, Year 1, the Starshina Company paid $25,000 for a photocopier with an estimated useful life of 4 years, and an esti

maksim [4K]

Answer: The amount of depreciation expense for Year 3 is $3,125.

Explanation: The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($25,000 - $5,000) / 4 years = $5,000 yearly depreciation expense.

Under the double-declining method, 100%/4years = 25%, then 25% multiplied by 2 to give 50%

At Year 1, 50% X $25,000 = $12,500

At Year 2, 50% X $12,500 ($25,000 - $12,500) = $6,250

At Year 3, 50% X $6,250 ($12,500 - $6,250) = $3,125 (the depreciation expense would stop at this stage since the amount falls below the residual value).

7 0

2 years ago