importance of having a business plan to ensure the success of a business
Answer:
The importance of a business plan is to help plan out how you want a business to go and to also show how to get around or through obstacles.
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Answer:
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Explanation:
Human resources development is important because it is an investment in one's employees that will ultimately result in a stronger and more effectiv
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if the supply of a product decreases we would expect
Answer:
The supply wouldn't sell as good because they don't have the product
Explanation:
Nico has a net worth of $150,000. Nico sold all of his assets for cash and used that cash to pay off all debts and obligations. In theory, how much cash would remain with Nico
The cash that should remain with Nico is $150,000.
The following information should be considered:
Net worth represents the wealth of an individual & company.It shows a difference between the assets & liabilities.Given that,
The net worth is $150,000.As the assets are sold for cash and used to pay off the debts.Therefore we can conclude that the cash that should remain with Nico is $150,000.
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It is two weeks before finals and the campus coffee shop is anticipating a rush of student customers looking for their pre-study
caffeine boost starting next week. To prepare, the shop manager has started looking for temporary employees, but she isn't sure how
many to hire. She worries about the diminishing marginal product of each additional hire,
The table below shows a range of possible hires the coffee shop manager could make along with the total output (number of lattes
served per hour) and marginal product of labor that results from hiring each employee.
Following are the description of the marginal product.
The company's marginal product is indeed the additional products produced from more input. It is also known as just a marginal physical product.It improves the total production by providing one extra input unit into production. It measures the number of new units involve in adding an input unit such as materials, work, or overhead.Please find the complete question and its graph file in the attachment file.
[tex]\bold{Employees}[/tex] [tex]\bold{Total \ Out put}[/tex] [tex]\bold{MP \ of\ Labor}[/tex]
[tex]0 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0 \\\\ 1 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 5 \\\\ 2 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 15 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 10 \\\\ 3 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 30 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 15 \\\\ 4 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 42 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 12[/tex]
[tex]5 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 52 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 10 \\\\ 6 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 60 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 8\\\\ 7 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 64 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 4 \\\\ 8 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 64 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 0\\\\ 9 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 60 \ \ \ \ \ \ \ \ \ \ \ \ \ -4[/tex]
[tex]10 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 55 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ -5[/tex]
Barbara is a producer in a monopoly industry. Her demand curve, total revenue curve, marginal revenue curve and total cost curve are given as follows:
Q = 160 - 4P
TR = 40Q - 0.25 img
MR = 40 - 0.5Q
TC = 4Q
MC = 4
How much output will Barbara produce?
a. 0
b. 22
c. 56
d. 72
e. none of the above
At an output level of 50 units per day a firm has average total costs of $60 and average variable costs of $35.
Its total fixed costs are:_______.
A. $925.
B. $1,250.
C. $1,750.
D. $3,000.
What is the LinkedIn Outreach Strategy?
Answer:
Outreach on LinkedIn means reaching out to the best prospects. A LinkedIn outreach strategy involves different steps, LinkedIn automation tools (LinkedCamp), and tactics to reach out to prospects with a proper message so they convert easily.
A perfect LinkedIn outreach strategy includes the following steps:
1. Finding the right prospects
2. Sending personalized messages
3. Building relationships and trust
4. Pitching your product
What is the key to economics? Explain.
Answer:
At the most basic level, economics attempts to explain how and why we make the purchasing choices we do.
Explanation:
this was a answer from my school
Answer:
Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives
Explanation:
Scarcity explains the basic economic problem that the world has limited—or scarce—resources to meet seemingly unlimited wants, and this reality forces people to make decisions about how to allocate resources in the most efficient way.
As a result of scarce resources, humans are constantly making choices that are determined by their costs and benefits and the incentives offered by different courses
For example, there is only so much wheat grown every year. Some people want bread and some would prefer beer. Only so much of a given good can be made because of the scarcity of wheat. How do we decide how much flour should be made for bread and beer? One way to solve this problem is a market system driven by supply and demand.
Supply and Demand
A market system is driven by supply and demand. Taking the example of beer, if many people want to buy beer, the demand for beer is considered high. As a result, you can charge more for beer and make more money on average by using wheat to make beer than by using wheat to make flour.
Hypothetically, this could lead to a situation where more people start making beer and, after a few production cycles, there is so much beer on the market—the supply of beer increases—that the price of beer drops.
Costs and Benefits
The concept of costs and benefits is related to the theory of rational choice (and rational expectations) that economics is based on. When economists say that people behave rationally, they mean that people try to maximize the ratio of benefits to costs in their decisions.
If demand for beer is high, breweries will hire more employees to make more beer, but only if the price of beer and the amount of beer they are selling justify the additional costs of their salary and the materials needed to brew more beer. Similarly, the consumer will buy the best beer they can afford to purchase, but not, perhaps, the best-tasting beer in the store.
Everything Is in the Incentives
If you are a parent, a boss, a teacher, or anyone with the responsibility of oversight, you've probably been in the situation of offering a reward—or incentive—in order to increase the likelihood of a particular outcome.
Economic incentives explain how the operation of supply and demand encourage producers to supply the goods that consumers want, and consumers to conserve on scarce resources. When consumer demand for a good increases, then the market price of the good rises, and producers have an incentive to produce more of the good because they can receive a higher price. ON the other hand, when the increasing scarcity of raw materials or inputs for a given good drive costs up and producers to cut back on supply, then the price they charge for he good rises, and consumers have an incentive to conserve on their consumption of that good and reserve it's use for their most highly valued uses.
In the example of a brewery, the owner wants to increase production so they decide to offer an incentive–a bonus–to the shift that produces the most bottles of beer in a day. The brewery has two sizes of bottles: one 500 milliliter bottle and a one-liter bottle. Within a couple of days, they see production numbers shoot up from 10,000 to 15,000 bottles per day. The problem is that the incentive they provided focused on the wrong thing—the number of bottles rather than the volume of beer. They begin receiving calls from suppliers wondering when orders of the one-liter bottles are going to come. By offering a bonus for the number of bottles produced, the owner made it beneficial for the competing shifts to gain an advantage by only bottling the smaller bottles.
describe two benefits you enjoy because of free market system
(A) lower prices for goods and services.
(B) higher-quality goods and services for the consumer.
Normally, if interest rates rise, the value of Master Limited Partnership (MLP) units will also rise in value.
a. True
b. False
As leaders, it is our responsibility to those we work with and to ensure we provide them with the tools they need to succeed.
a. True
b. False
WILL GIVE BRAINLIST
Macroeconomics looks at long-run economic problems while microeconomics examines short-run economic problems.
O true
O false
Answer:
true
Explanation:
have a good day !!!!!!
When several parties or individuals can reach similar values in financial statements by using similar methods, the information is said to be: Multiple Choice comparable. understandable. verifiable. timely.
When several parties reach similar values in financial statements then the information is said to be comparable.
When two or more companies use same methods of accounting then their values and financial figures can be comparable.
There are accounting standards which provides a base for the accounting treatment for transactions.
There can be analysis if their performance based on their financial figures.
The correct answer is a. Comparable
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what are some sales channels for detailing cars (service)?
Answer:
make me Brainlist
There are basically four types of marketing channels:
Direct selling;
Selling through intermediaries;
Dual distribution; and.
Reverse channels.
Management accounting guidelines. For each of the following items, identify which of the management accounting guidelines applies: cost-benefit approach, behavioral and technical considerations, different costs for different purposes.
1. Analyzing whether to produce a component needed for the end product or to outsource it.
2. Deciding whether to compensate the sales force by straight commission or by salary.
3. Adding the cost of store operations to merchandise cost when deciding on product pricing, but only including the cost of freight and the merchandise itself when calculating cost of goods sold on the income statement.
4. Considering the desirability of purchasing new technology.
5. Weighing the cost of increased inspection against the costs associated with customer returns of defective goods.
6. Deciding whether to buy or lease an existing production facility to increase capacity.
7. Estimating the loss of future business resulting from bad publicity related to an environmental disaster caused by a company's factory in the Philippines, but estimating cleanup costs for calculating the liability on the balance sheet.
Key guidelines on accounting management allow accounting professionals can deliver value to their company's strategy and operational judgment. The criteria for key management accounts are:
Employing an approach to costs and benefits:Helps accounting examine allocation decisions such as buying
and buying; buying vs. buying.
Considerations of compliance and technology:Technical considerations allow managers to take perv financial
choices through the dissemination of data in the required format;
behavioral factors allow managers to give their colleagues
thorough information to guide people in improving their skills.
Various costs in various applications:In certain scenarios, management accountants will explore
adopting alternative ways to cost computing. The rationale is
because cost concepts are interpreted differently relying upon the
end-use purposes.
Approach to cost advantages:This can be a useful tool for visualizing the impact and effects
of the action.
Approach to cost advantagesApproach to cost advantagesConsiderations of compliance and technologyLearn more:
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Barbara, a change manager , has political skills, she has built a range of relationships across and outside the organization. These characteristics of Barbara are an example of ____________ dimension political skill.
a. networking ability
b. apparent sincerity
c. interpersonal influence
d. social astuteness
You are the sales manager for a company that sells many types and sizes of rock and gravel to construction, landscaping, and retail clients. Because the profit margins are razor-thin, you need to ensure that you are getting the very best prices from the quarries. When reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. To enact the controlling management function, what would you do next?
Answer:
Redirect the strategic goals of the business to begin selling power tools
Explanation:
We must make an inspiring message to inspire the workforce to enhance her efforts throughout the comparative offering procedure to perform the controlling managerial functions.
To inspire staff to enhance efforts to make competitive tenders need, according to my view, be accomplished as more than just a consequence of financial outcome since the profitability is small. It must be based on slack perceptions of workers.Management seems to have the obligation to encourage workers, to somehow be actively involved, and to recognize the significance of competitiveness offering.
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Which statement is an example of effectively managing diversity
The statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
The following information is not relevant:
If there is an increase in the no of families that are the single parent so it does not decrease the health benefits.In order to decrease workplace diversity, the company does not require all employees to speak in English.Companies does not recognize the Americans that shows poor demographic group.Therefore we can conclude that the statement that shows an example of effectively managing diversity is that change the signs, brochures & the website that involved the other languages from the local government to the legal & illegal immigrants.
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A home equity loan can be risky because
Answer:
Because the lender can foreclose if they don't make your payments.
Crane Company had these transactions during the current period.
June 12 Issued 79,500 shares of $1 par value common stock for cash of $298,125.
July 11 Issued 3,650 shares of $105 par value preferred stock for cash at $113 per share.
Nov. 28 Purchased 3,200 shares of treasury stock for $8,800.
Prepare the journal entries for the Crane Company transactions shown above.
Answer:
c
Explanation:
never start a project unless all resources are available
A wedding party hired a sole proprietorship to cater their wedding. In this situation, the sole proprietorship is a corporation and the employee who handled the job is a partner. If the sole proprietorship is a corporation and its employee poisons the cake, the corporation's board of directors would not be liable.
false
true
what an example of current Marketing situation of a business or service
Your daughter will be going to college in three years. Tuition fees are estimated at
$30,000 million a year for four years, payable at the beginning of each year. To estimate whether you have set aside enough money, you ignore possible inflation in tuition payments and assume that you can earn 8 percent annually on your investments. Suppose you would like to have enough money to fund her 4-year education at the time she starts college, how much should you set aside now to cover these payments?
Answer:
107312.91 million
Explanation:
[tex]30000*(1.08)*(\frac{1-(1+.08)^{-4}}{.08})=107312.9096[/tex]
Lauren was accepted at three different graduate schools, and she must choose one. Elite U costs $50,000 per year and did not offer Lauren any financial aid. Lauren values attending Elite U at $60,000 per year. State College costs $30,000 per year and offered Lauren an annual $10,000 scholarship. Lauren values attending State College at $40,000 per year. NoName U costs $20,000 per year and offered Lauren a full $20,000 annual scholarship. Lauren values attending NoName at $15,000 per year. Lauren's opportunity cost of attending State College is
The opportunity cost of attending state college is $20,000.
The computation is given below:
Surplus arise from Elite U:= $60,000 - $50,000
= $10,000
Surplus arise from state college:= $40,000 + $10,000 - $30,000
= $20,000
Surplus arise from no name:= $15,000 + $20,000 - $20,000
= $15,000
So, the opportunity cost of attending state college is $20,000.
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If you do not balance your accounts, you run the risk of
and receiving
Answer:
being overdrawn and receiving NSF fees
Explanation:
Sensitivity analysis is concerned with determining how much variation in financial data, the decision maker can have to affect the economic decision.
A. True
B. False
plz help what is the difference between deposite and installment in paragraph
Answer:
deposit refers to the savings deposit method where the customer specifies the savings term when opening an account and deposits the principal in installments, and will withdraw the principal and interest in lump sum at maturity. installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different times, the amounts and times (often equal namely regular, eg mensual)
Explanation:
Compared to the equilibrium price and quantity sold in a competitive market, a monopolist will charge a ________ price and sell a ________ quantity. Group of answer choices higher; smaller lower; smaller higher; larger lower; larger none of these options is correct.
Answer:
Will charge a higher price
Dell a smaller higher
