Steps for business planning:
Step 1: Establish your mission. In essence, your mission statement explains why your business exists. ...
Step 2: Analyse your SWOT. ...
Step 3: Develop a plan. ...
Step 4: Create a budget. ...
Step 5: Put it in writing. ...
Step 6: Make it a living document.
Steps for planning
1] Recognizing Need for Action. ...
2] Setting Objectives. ...
3] Developing Premises. ...
4] Identifying Alternatives. ...
5] Examining Alternate Course of Action. ...
6] Selecting the Alternative. ...
7] Formulating Supporting Plan.
The Centers for Disease Control and Prevention (CDC) defines a healthy sleep duration
to be at least seven hours per day. The CDC reports that the percentage of people who
report a healthy sleep duration varies by marital status. The CDC also reports that in
2018, 67% of those who are married report a healthy sleep duration; 62% of those who
have never been married report a healthy sleep duration; and 56% of those who are
divorced, widowed, or separated report a healthy sleep duration. The file Sleep Habits
contains sample data on the sleeping habits of people who have never been married
that are consistent with the CDC's findings. Use these data to answer the following
questions. Click on the datafile logo to reference the data,
DATA file
a. Develop a point estimate and a 95% confidence interval for the proportion of those
who have never been married who report a healthy sleep duration,
Point estimate
(to 4 decimals)
to
Confidence interval
(to 4 decimals)
4
b. Develop a point estimate and a 95% confidence interval for the mean number of
hours of sleep for those who have never been married.
(to 4 decimals)
Point estimate
to
Confidence interval
(to 4 decimals)
c. For those who have never been married, estimate the number of hours of sleep per
day for those who report a healthy sleep duration (to 4 decimals).
a. The point estimate of the married people that sleep well is = 0.6299. The confidence interval for the mean hours of sleep for those that have never been married but report good sleep is 0.6186, 0.6412
b. The point estimate of the number of hours for people that have never been married = 7.2257
95% confidence interval for the mean number of hours of sleep for those who have never been married = 7.2065, 7.2447
c. the estimated number of sleep for those that have never been married = 7.729 hours
a. The point estimate
[tex]P=\frac{Xp}{n}[/tex]
[tex]Xp = successes\\n = sample size\\[/tex]
Those who have never been married n = 7044
Xp = those who sleep for 7 hours at least
To get Xp, the excel function
Countif(range, criteria)
Countif(A:A, >=7)
This gives Xp = 4437
Point estimate =
[tex]\frac{4477}{7044}[/tex]
= 0.6299
The point estimate of the married people that sleep well is = 0.6299
At 95% interval of confidence,
α = 1-0.95 = 0.05
α/2 = 0.05/2 = 0.025
Z0.025 = 1.96 ( Use the standard probability normal table)
Margin of Error
=[tex]M.E = 1.96\sqrt \frac{0.6299(1-0.6299)}{7044} \\\\= 1.96\sqrt{0.000033} \\\\1.96*0.0057[/tex]
= 0.0113
The 95% confidence interval
= 0.6299 - 0.0113 , 0.6299 + 0.0113
= 0.6186, 0.6412
The confidence interval for the mean hours of sleep for those that have never been married is 0.6186, 0.6412
b. Sample mean
x = ∑x/n
x = number of sleep of the never been married
Mean is calculated using excel function
Average(range)
Average(a:a)
This gives the sample mean = 7.2257
The point estimate of the number of hours for people that have never been married = 7.2257
Standard deviation using excel =
Stdev(A:A) = 0.8211
[tex]Margin of error =1.96*\frac{0.8211}{\sqrt{7044} }[/tex]
= 0.0192
The confidence interval =
= 7.2257-0.0192, 7.2257+0.0192
= 7.2065, 7.2447
95% confidence interval for the mean number of hours of sleep for those who have never been married = 7.2065, 7.2447
c. From the available data, the mean number of sleep per day that is gotten from the 4437 people that are unmarried and sleep healthily for at least 7 hours = 34295.1
Mean = 34295.1/4437
= 7.729
the estimated number of sleep for those that have never been married = 7.729 hours
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Stock options ______. (Check all that apply.) Multiple select question. are stock dividends in which additional shares equal to more than 20-25% of the shares outstanding are issued provide the holder with the option to purchase stock at a specified price during a specified period of time are often given to employees as part of their compensation are a corporation's option to issue both preferred and common stock
Statements that describes stock options are:
provide the holder with the option to purchase stock at a specified price during a specified period time.
are often given to employees as part of their compensation.
stock option can be regarded as right to buy a specific number of shares from a company that sells stock at a pre-set price.This stock option offer holders options so they can purchase stock at a specified price. This option can also be given to employee as part of their compensation.Learn more at:
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Lansing Company’s current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $ 130,200 Expenses Cost of goods sold 53,000 Depreciation expense 17,500 Salaries expense 29,000 Rent expense 10,100 Insurance expense 4,900 Interest expense 4,700 Utilities expense 3,900 Net income $ 7,100 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Prior Year Accounts receivable $ 6,700 $ 8,000 Inventory 3,080 2,090 Accounts payable 5,500 6,800 Salaries payable 1,100 810 Utilities payable 440 270 Prepaid insurance 370 500 Prepaid rent 440 290
Required:
Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method.
From the computation that was done, the value of the cash flow from operating activities will be $30430.
Net income = $7100
Add: Interest expense = $4700
Add: Depreciation = $17500
Account receivable = $8000 - $6700 = $1300
Inventory = $2090 - $3080 = - $990
Prepaid insurance = $500 - $370 = $130
Prepaid rent = $290 - $440 = -$150
Utilities payable = $270 - $440 = -$170
Accounts payable = $6800 - $5500 = $1300
Salaries payable = $810 - $1100 = $290
Cash flow from operating activities = $30430
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Companies use esg integration to create new forms of
It's about using ESG integration to create new forms of competitive advantage. And since it involves fundamental strategic and operational choices, it can't be left entirely to the investor relations team or the sustainability department.
Describe ESG integration?Environmental, social, and governance (ESG) integration is the practice of integrating significant ESG data into the investment process with the goal of enhancing the long-term financial performance of our clients' portfolios.
Why are ESGs integrated by businesses?The examination of corporate actions that impact operational effectiveness, future course, and boosted risk-adjusted returns and long-term viability can be supported by ESG integration. ESG integration supports the evaluation of possibilities and risks in organizations and portfolios.
What are the uses of ESG?ESG, or environmental, social, and governance, is a phrase used to describe an organization's corporate financial interests, which primarily concentrate on ethical and sustainable outcomes. Capital markets utilize ESG to assess businesses and forecast their financial prospects.
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sample of event proposal
Tanong nyo po Kay Jollibee
Can anyone help me with this accounting question? Im confused with the question
Answer:
what the heck
Explanation:
is this englesh
What is the advantage and disadvantage of air transport in tourism industry
Answer: Air transport is an important enabler to achieving economic growth and development. Air transport facilitates integration into the global economy and provides vital connectivity on a national, regional, and international scale. It helps generate trade, promote tourism, and create employment opportunities.
Explanation:High Costs: Air transport is a costly service. Its operational costs are too high. Middle class and poor people can not affect its cash.
More Risks: Air transport is prone to accidents. A small mistake can be very dangerous for passengers. ...
Huge Investments:
This settlement made history, but not in a good way. It was both the largest criminal fine and the largest settlement of civil healthcare fraud charges ever paid. Shareholders filed a derivative suit against the Pfizer board and top executives. Defendants responded with a motion to dismiss on the grounds that shareholders had not made demand on the board. Is demand necessary
Answer:
maf
Explanation:
3.
Just before the accident, Falicia actually reduced her policy from $50,000 to $25,000.
a.
How much does Alicia have to pay?
b. How much does her insurance pay?
Answer:25,000
Explanation: Falicia actually reduced her policy from $50,000 to $25,000. so that's how i came up with my answer here.
$50,000 - $25,000 = $25,000
and there u go!
Answer:
Alicia will pay $15,500
Her insurance will pay $24,500
Explanation:
8
Tracy has heard about government bonds before, but she isn't sure what they are. She is very conservative by nature and is really hesitant
about trying new things. What can you tell her about government bonds that might actually convince her to invest?
OA. They always have a very high Interest rate.
OB. They are extremely difficult to find.
O c. They allow you constant access to your investment Income.
OD. They are relatively risk-free.
Reset
Next
Answer: They are relatively risk-free.
Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in the lemon-lime soft drink market and ranks fourth among all soft drinks worldwide. Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime drink, PepsiCo would continue to earn a $200 million profit and Coca Cola would continue to earn a $300 million profit.
Suppose that by introducing a new lemon-line soft drink, one of two possible strategies could be pursued : (1) PepsiCo could trigger a price war with Coca-Cola in both lemon-lime and cola markets or (2) Coca-Cola could acquiesce and each firm maintains its current 50/50 split of the cola market and split the lemon-lime market 70/30 in favor of Coca-Cola. If Pepsi introduced a lemon-lime drink and a price war resulted, both companies would earn profits of $100 million. Alternatively, Coca-Cola and PepsiCo would earn $275 million and $227 million, respectively, if PepsiCo introduce a lemon-lime drink and Coca-Cola acquiesced and split the markets as listed above.
Diagram this situation using the extensive or tree-form of a game.
How you can convince your colleagues that introducing the new soft drink is the most profitable strategy by explaining the reasoning and theoretical analysis?
The introduction of the new soft drink is the most profitable strategy because it'll be in Coca-Cola's bad interest if a price war is started.
It should be noted that in a perfectly competitive market that is, a market where the producers and consumers possess full and symmetric information, a price war would not occur.
However, the soft drink industry is a monopolistically competitive industry since Coca-Cola and PepsiCo control the majority of the market share.
Therefore, the introduction of the new soft drink will be a profitable solution because it'll be in Coca-Cola's bad interest if a price war is started with PepsiCo.
In conclusion, a price war shouldn't be started.
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Rogers Company completed the following transactions during 2011. The annual accounting period ends December 31, 2011.
Jan. 8 Purchased merchandise for resale on account at an invoice cost of $14,860; assume a periodic inventory system.
Jan. 17 Paid January 8 invoice.
Apr. 1 Borrowed $35,000 from National Bank for general use; executed a 12-month, 12 percent interest-bearing note payable.
June 3 Purchased merchandise for resale on account at an invoice cost of $17,420.July 5 Paid June 3 invoice.
Aug. 1 Rented a small office in a building owned by the company and collected six months' rent in advance amounting to $6,000. (Record the collection in a way that will not require an adjusting entry at year-end.)
Dec. 20 Received a $100 deposit from a customer as a guarantee to return a large trailer "borrowed" for 30 days.
Dec. 31 Determined wages of $9,500 earned but not yet paid on December 31 (disregard payroll taxes).
1. Prepare journal entries for each of these transactions.
2. Prepare all adjusting entries required on December 31, 2011.
3. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31, 2011.
4. For each transaction, state whether cash flow from operating activities is increased or decreased or whether there is no effect.
Answer:
my bad i really need help
Explanation:
This year you earned 75,500. Last year you earned 72,400. What was the rate of change on your earnings since last year? A. 4.28% B. 4.68% C. 4.92% D. 5.12%
Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you a recent OM graduate to divide these item into ABC classification. Fill in the blanks and then answer the following questions. round dollar volume to the nearest number and percentage of dollar volume to two decimal places.
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 ___ ___
BB 4000 12 48,000 4.89
CT 1500 45 67,500 6.60
D1 6000 20 _____ _____
E9 1000 20 20,000 1.95
F3 500 500 ____ _____
G2 200 1500 300,000 29.34
H2 600 20 12,000 1.17
I5 1750 10 ____ ___
J8 2500 5 12,500 1.22
Based on the percentages of dollar volume, Item A2 should be classified as _____.
1. The blanks are filled with the correct values and each item classified according to the ABC classification as follows:
A - outstandingly important
G2 200 1500 300,000 37.62%
A2 3500 50 175,000 21.94%
D1 6000 20 120,000 15.05%
B - of average importance
CT 1500 45 67,500 8.46%
BB 4000 12 48,000 6.02%
C - relatively unimportant
F3 500 500 25,000 3.13%
E9 1000 20 20,000 2.51%
I5 1750 10 17,500 2.19%
J8 2500 5 12,500 1.57%
H2 600 20 12,000 1.50%
2. Item A2 is classified as A - outstandingly important.
Data and Calculations:
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 175,000 21.94%
BB 4000 12 48,000 6.02%
CT 1500 45 67,500 8.46%
D1 6000 20 120,000 15.05%
E9 1000 20 20,000 2.51%
F3 500 500 25,000 3.13%
G2 200 1500 300,000 37.62%
H2 600 20 12,000 1.50%
I5 1750 10 17,500 2.19%
J8 2500 5 12,500 1.57%
Total Dollar Volume 797,500 100%
Percentages of dollar = Dollar Volume/Total Dollar Volume x 100
Thus, based on the percentages of dollar volume, Item A2 should be classified as A - outstandingly important.
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zarasiato24, I couldn't give Brainliest so I am posting a new question so I can give you Brainliest
Answer:
im here
Explanation:
List of biodegradable products?
Please give good answers! 100 points!
Answer:
food scraps and coffee grounds, paper towels, toilet paper, newspapers, junk mail, paper plates and cups, clothing and towels
I hope that if you graduate, what can you do for this company better?
Answer:
I be confident for your company
which of the following sentence ls use active voice
Answer:
Where is the picture
Explanation:
A decrease in the discount rate causes employment to
Answer: A decrease in discounts for employees causes employment to decrease as well
Explanation:
Why an emergency saving fund is important ?
Answer:
.
Explanation:
your emergency fund covers you in the event of an unexpected financial blow and can help prevent you from going into debt. It also provides peace of mind if you lose your job, become too ill to work, or have to cover a major car or home repair.
what are books of prime entry?
Answer:
A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system.
Along with a complete shut down or even jail time for its principals, what other possible result can occur if a business violates federal regulations?
A. The business may be fined for its infractions.
B. The business may be sanctioned and employees asked to resign.
C. The principal owners would be asked to leave the country
no links please
Answer:
The answer is "yes".
By definition they regulate them, which means restraining some of the actions they might otherwise take that are perceived to harm others or have other greater negative impacts on society.
That being said, they also benefit them by generally fostering an environment of stability in the markets, which is the first thing that commerce needs in exploiting opportunities. When a business knows what to expect, it is able to develop effective strategies that optimize profits for the circumstances.
Explanation:
Integrating 160 different nationalities into one
corporation, such as The Emirates Group, has
challenges and opportunities. What challenges
do you see? What opportunities come from this
diverse workforce?
Answer:
6/7okay
hi
288+287299(
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The integration of different nationalities in a corporation, such as The Emirates Group, can have the advantages of increasing knowledge and innovation.
The disadvantages of this type of commercial integration can be related to cultural and adaptive differences among workers.
What are the challenges of a multicultural environment?Globalization has tightened social and economic relationships between nations, making work environments multicultural, which is positive for increasing creativity, but there are several challenges that must be managed such as:
Language barriersEthicIndividual valuesTherefore, it is essential that in a multicultural corporation, there is a focus on promoting cultural skills and ethics as guides for actions in micro and macro environments.
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1. Explain the role of values in the making of business ethics. How these can be incorporated in working out business strategy?
Answer:
A company's values would guide its employees on how they will do their job or conduct business (i.e., business ethics). Organizations like Xerox are including "living our values" as one of their performance objectives. The values are being accompanied by specific objectives and performance measures, which are anchored on the organization's strategy.
Explanation:
The source I used is https://www.strategy-business.com/article/05206?gko=987a9.
What Do You Need To Know About Taxi To Heathrow?
Stone Age Surfboards is a small manufacturer of two types of popular high-tide surfboards, the Rockwell and the Limestone models. The manufacturing process consists of two departments: fabrication and finishing. The fabrication department has 15 skilled workers, each of whom works 5 hours per day. The finishing department has 5 workers, who also work a 5-hour shift. Each pair of Rockwell surfboards requires 3 labor hours in the fabrication department and 1.5 labor hours in finishing. The Limestone model requires 4.5 labor-hours in fabrication and 2 labor-hours in finishing. The company operates 6 days a week. It makes a per-unit profit of $60 on the Rockwell model and $75 on the Limestone model. Approximately 4.1 Rockwell models and 8.4 Limestone models are produced per day. What is the total number of hours used for the finishing operation
Based on the information given, the total number of hours that will be used for the finishing operation will be 22.95 hours.
The total number of hours that will be required for finishing 4.1 Rockwell models will be:
= 1.5 × 4.1 = 6.15 hours.
The total number of labor hours that'll be required for finishing 8.4 Limestone models will be:
= 2 × 8.4 = 16.8 hours.
Therefore, the total labor hours that will be required will be:
= 6.15 hours + 16.8 hours
= 22.95 hours
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When a change in the price level leads to a change in the interest rate and thus a change in the quantity of aggregate demand, it is called the:
Answer:
interest rate effect
Explanation:
Grady, Inc. manufactures model airplane kits and projects production at 650, 500, 450, and 600 kits for the next four quarters. Direct materials are 4 ounces of plastic per kit and the plastic costs $1 per ounce. Indirect materials are considered insignificant and are not included in the budgeting process. Beginning Raw Materials Inventory is 850 ounces, and the company desires to end each quarter with 10% of the materials needed for the next quarter’s production. Grady desires a balance of 200 ounces in Raw Materials Inventory at the end of the fourth quarter. Each kit requires 0.10 hours of direct labor at an average cost of $10 per hour. Manufacturing overhead is allocated using direct labor hours as the allocation base. Variable overhead is $0.20 per kit, and fixed overhead is $165 per quarter. Prepare Grady’s direct materials budget, direct labor budget, and manufacturing overhead budget for the year. Round the direct labor hours needed for production, budgeted overhead costs, and pre-determined overhead allocation rate to two decimal places.
Refer to the budgets prepared. Determine the cost per kit to manufacture the model airplane kits. Grady projects sales of 100, 150, 100, and 200 kits for the next four quarters. Prepare a cost of goods sold budget for the year. Grady has no kits in beginning inventory.
Grady, Inc.'s Direct Materials Budget, Direct Labor Budget, and Manufacturing Overhead Budget for the year are as follows:
Direct Materials Budget
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Projected production 650 500 450 600 2,200
Ounces of plastic per kit 4 4 4 4 4
Total materials required 2,600 2,000 1,800 2,400 8,800
Ending materials inventory 200 180 240 200
Raw materials available 2,800 2,180 2,040 2,600
Beginning materials inventory 850 200 180 240
Purchases of raw materials 1,950 1,980 1,860 2,360
Cost of materials purchased $1,950 $1,980 $1,860 $2,360 $8,150
Direct Labor Budget
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Projected production 650 500 450 600 2,200
Hours per kit 0.10 0.10 0.10 0.10 0.10
Total direct labor hours reqd. 65 50 45 60 220
Average cost per hour $10 $10 $10 $10 $10
Total direct labor cost $650 $500 $450 $600 $2,200
Manufacturing Overhead Budget:
Variable overhead $130 $100 $90 $120 $440
Fixed overhead $165 $165 $165 $165 $660
Total manufacturing o/h $295 $265 $255 $285 $1,100
Manufacturing overhead/unit $0.45 $0.53 $0.57 $0.475 $0.50
Cost per Kit:
Direct materials cost per unit = $4.00
Direct labor cost per unit $1.00
Manufacturing overhead $0.50
Cost per kit = $5.50
Cost of goods sold budget for the year:
Quarter 1 Quarter 2 Quarter 3 Quarter 4 Total
Quarter Sales 100 150 100 200 550
Cost per unit $5.50
Cost of goods sold $550 $825 $550 $1,100 $3,025
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The purpose of the cash flow statement is to:
To give a detailed breakdown of key items shown in the primary financial statements
Show where the business's cash has come from and where it has been spent
Show, at a particular date, the sources of funds provided to a business by shareholders and others and how these funds have been used
Show the revenues, expenses and operating profit for the financial year
The purpose of the cash flow statement is to show where the business's cash has come from and where it has been spent.
What is a cash flow statement?A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific time period to cover investments and business expenses.
The financial statements of a firm give investors and analysts a picture of all the business transactions that take place, where each transaction helps the company succeed. Because it tracks the cash generated by the business in three key ways—through operations, investments, and financing—the cash flow statement is seen to be the most understandable of all the financial statements.
The cash flows from operating activities (CFO) portion of the cash flow statement contains transactions from all operational business activities. The net income is the starting point for the cash flows from operations segment, which subsequently reconciles all non-cash items to cash items comprising operational activities. In other words, it is the business's net income, but expressed in cash.
The cash flows from investing (CFI), which are the outcome of investment gains and losses, are examined in the second section of the cash flow statement. Cash spent on real estate, machinery, and equipment is also included in this part. In this section, analysts search for variations in capital expenditures.
The cash flow statement's final section is titled cash flows from financing (CFF). An overview of how cash is used in business finance is given in this section. It gauges the movement of money between a business's owners and creditors, and its funding typically comes from debt or equity. When the cash flow from finance is positive, more money is coming into the business than is leaving it. If the number is negative, it could indicate that the business is repurchasing stock or paying down debt.
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Identify a current trending topic on Yahoo! or Twitter. Why do you think this particular topic is currently trending? How long do you think this topic will remain popular? Can you connect the trending topic to any of the cultural values and behaviors discussed in your readings?
Answer:
I am pro of free fire
Explanation:
124 5
