Answer: e
Explanation :
A balance sheet is a statement of the financial position of a business that lists the assets, liabilities and owner's equity at a particular point in time. In other words, the balance sheet illustrates your business's net worth.
The balance sheet may also have details from previous years so you can do a back-to-back comparison of two consecutive years. This data will help you track your performance and will identify ways to build up your finances and see where you need to improve.
A balance sheet reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure . the balance sheet is divided into two sides (or sections). The left side of the balance sheet outlines all a company’s assets. On the right side, the balance sheet outlines the companies liabilities and shareholders’ equity. On either side, the main line items are generally classified by liquidity. More liquid accounts like Inventory, Cash, and Trades Payables are placed before illiquid accounts such as Plant, Property, and Equipment (PP&E) and Long-Term Debt. The assets and liabilities are also separated into two categories: current asset/liabilities and non-current (long-term) assets/liabilities.
<span>Having fewer customers in a business market can be a positive, since it allows for the business to get to know those customers they do serve more closely and allows them to better cater to their needs. However, it can also be a negative because it makes every transaction with a customer vital to the overall bottom line and the vitality of the business.</span>
The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the Environmental and industry analysis.
<h3>
What is a business plan?</h3>
A business plan is a formal written document that outlines the objectives of the company, how those objectives will be attained, and when they will be accomplished. The nature of the company, background information on the organization, financial estimates for the organization, and the techniques the organization plans to use to meet the stated goals are also covered. This document functions as a road map (a plan) that gives the company direction when taken as a whole.
Written business plans are frequently necessary in order to apply for a bank loan or another type of financing. Using templates and guidance, like those offered by the Small Business Administration in the United States, can make it easier to create a business plan.
To know more about a business plan visit:- brainly.com/question/15826604
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Answer:
$79,247
Explanation:
Installment includes the interest and principal as well to be paid on equal proportion. It need to be separated to report in the financial statement. Installment amortization is used to calculate the principal portion and interest portion of each years installment.
Installment Sale Schedule
Year Balance Payment Principal Interest
1 $947,700 $250,000 $155,230 $94,770 ( 947,700 x 10% )
2 $792,470 $250,000 $170,753 $79,247 ( 792,470 x 10% )
Interest of $79,247 should be included in Melton's 2015 income statement.
Answer:
b. First movers have an advantage because their customers avoid switching costs.
Explanation:
First movers have an advantage because their customers avoid switching costs is a FALSE statement among provided statement.
