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2 years ago

Why is business plan necessary?

Business

1 answer:

Agata [3.3K]2 years ago

7 0

Answer:

Business plan necessary because:

•It make you aware of your strength or weakness.

•It also creates an effective strategy for growth.

•It helps to determine your future financial needs.

•It also helps to gain a deep understanding of your market.

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Ada signed a simple discount promissory note for $5,500. the discount rate is 12%, and the term of the note is 5 months. what ar

Ivahew [28]

Given that, Promissory note A = 5,500 Discount rate i = 12% i = 12/100 Term n= 5 months we know that, 1 year = 12 months 5 months= 5/12 So we get, A = 5,500 i = 12/100 n= 5/12 To find the ada's proceeds on the loan formula is, Proceeds=A(1+i)^n ........... (1) Put the value of A,i,n in equ (1) Proceeds=5500(1+12/100)^5/12 =5500(1+0.12)^0.417 =5500(1.12)^0.41667 =5500(1.04835) Proceeds=5765.94 Therefore $5765.94 Proceeds on the loan

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3 years ago

Cobe Company has already manufactured 19,000 units of Product A at a cost of $25 per unit. The 19,000 units can be sold at this

Dmitriy789 [7]

Answer:

Incremental net income from further processing is $566,600

Explanation:

First of all, it would be necessary to compute profit from selling the product at cut off point and profit when it is further processed in order to determine whether or not it is worth processing further:

Sales revenue $400,000

cost of production(19,000*$25) $475,000

Loss from selling ($75,000)

Further processing:

sales revenue

Product B(5200*$108) $561,600

Product C(11,000*$55) $605,000

Total revenue $1,166,600

total cost

cost of production ($475,000)

cost of further processing ($200,000)

total costs ($675,000)

Profit $491600

By further processing the incremental net profit is $566,600 ($491,600-(-$75000)

4 0

2 years ago

Suppose that the demand for my new book, Spatulas From Around the World, is such that the demand curve lies everywhere below the

dsp73

Answer:

C. Shut down the presses printing my book

Explanation:

Since the average variable cost of producing the book is above the demand curve, the best course of action is to shut down the printing (production) of more books. The author would lose less money by shutting down operations rather than continuing production at a variable cost higher than the demand he's receiving for the books.

In economics, when profit is less than the average variable cost, firms are advised to stop production in the short run and incur economic loss on fixed inputs. This is because with continued operations, total revenue would not only be lower than total cost, but rather, would also be less than total variable cost.

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3 years ago

Grace is the editor of her school newspaper. Which feature of a word processing program would she use to make her changes visibl

gogolik [260]

the answer is A TRACK CHANGES . autocorrect is wrong it deletes the answer and changes it to the right one . but track changes shows all the changes you have made to the paper hope this helps.

8 0

3 years ago

Read 2 more answers

When a single broker represents both parties in a real estate transaction, a _______ agency may exist.

Nataliya [291]

Answer:

Dual

Explanation:

real estate transaction,which is used to convey ownership of a particular property to the buyer whereby there is a mutual agreement on some terms. The contract may be long it in shirt time.the end process is usually reffered to as “closing,” and this is a term that explains that both parties need to fulfill all terms and conditions that is associated with the exchange.

It should be noted that When a single broker represents both parties in a real estate transaction, a dual agency may exist.

7 0

2 years ago

Why is business plan necessary?​

Why is business plan necessary?