You and several classmates are studying for the next accounting examination. They ask you to answer the following questions: If cash is borrowed on a $67,200, 11-month, 10% note on August 1. how much interest expense would be incurred by December 31? 1. 2. 3. The cash register total including sales taxes is $46,410, and the sales tax rate is 5%. What is the sales taxes payable? If $46,410 is collected in advance on November 1 for 6-month magazine subscriptions, what amount of subscription revenue should be recognized on December 31? $ TA I
Answers
If cash is borrowed on a $67,200, 11-month, 10% note on August 1, then the interest expense incurred by December 31 can be calculated as follows:Step 1: Find the total interest payable on the note.
The interest payable can be calculated using the formula: Interest payable = (Principal × Rate × Time) ÷ 12Here, the principal is $67,200, the rate is 10% per annum, and the time period is 11 months. We need to convert the time period to years by dividing it by 12. Interest payable = ($67,200 × 10% × 11/12) ÷ 100 Interest payable = $6,960Step 2: Calculate the interest expense incurred by December 31.
We know that the note was taken on August 1 and the interest is payable for 11 months. So, the interest expense incurred by December 31 is calculated by multiplying the total interest payable with the proportion of the time period for which the interest is payable. Interest expense = Total interest payable × (Time period for which interest is payable ÷ Total time period)We need to find the time period from August 1 to December 31.
This is 5 months. Interest expense = $6,960 × (5/11). Interest expense = $3,163.64. Therefore, the interest expense incurred by December 31 is $3,163.64.
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Related Questions
in property law, a(n) _____ is an interest in real property, ranging from absolute dominion and control to bare possession.
Answers
In property law, a(n) Estate is an interest in real property, ranging from absolute dominion and control to bare possession.
What is an Estate in Property Law?In property law, the term estate refers to an individual's interest in property, which might be either personal or actual. The term "real estate" is used to describe a person's legal interest in a piece of real property.The distinction between personal property and real property is that personal property refers to any movable objects, such as automobiles, cash, stocks, and bonds, while real property refers to land and anything attached to it, such as homes, buildings, and other structures.Estate is an interest in real property, ranging from absolute dominion and control to bare possession. The term estate is used to describe a person's legal interest in a piece of real property. Real property refers to land and anything attached to it, such as homes, buildings, and other structures. Estate, as an interest in property, might be either personal or actual.A personal estate is an estate in property that refers to the owner's right to use, own, or dispose of it. Personal estate refers to a person's rights and responsibilities to an item of property. The right to own, control, and utilize the property is included in this.Estate can be described as an actual estate or a vested estate, which is a present right to ownership. An actual estate can be divided into two categories: freehold and leasehold estates. An estate in land is either a freehold or a leasehold estate, with the difference being the length of time the property may be held.Main AnswerAn estate in property refers to an individual's interest in property, which might be either personal or actual. Real property refers to land and anything attached to it, such as homes, buildings, and other structures. Estate is an interest in real property, ranging from absolute dominion and control to bare possession. The right to own, control, and utilize the property is included in this. Estate can be described as an actual estate or a vested estate, which is a present right to ownership.
The concept of an estate in property is important in property law because it refers to a person's legal interest in real property. An estate can be either personal or actual, and it gives the owner specific rights and responsibilities concerning the property. The estate's characteristics determine the owner's control and interest in the property.
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Davidson company has sales of $100,000, variable cost of goods sold of $40,000, variable selling expenses of $15,000, variable administrative expenses of $5,000, fixed selling expenses of $7,000, and fixed administrative expenses of $9,000. What is davidson’s contribution margin?.
Answers
Davidson’s contribution margin for the sale of goods would be : $40,000
What is contribution margin?Contribution margin is a business' sales revenue less its variable costs. The resulting contribution margin can be used to cover its fixed.
Contribution margin is computed as:
= Sales - Total variable cost(Variable cost of goods sold + Variable selling expenses + Variable administrative expenses)
= $100,000 - ($40,000 + $15,000 + $5,000)
= $100,000 - $60,000
= $40,000
Therefore, Davidson’s contribution margin for the sale of goods would be $40,000
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on september 1, year 1, west company borrowed $54,000 from valley bank. west agreed to pay interest annually at the rate of 9% per year. the note issued by west carried an 18-month term. west company has a calendar year-end. what is the amount of interest expense that will be reported on west's income statement for year 1?
Answers
The amount of interest expense that will be reported on west's income statement for year 1 is $1619.838.
What is an expense for interest?The expense of interest is related to the price of borrowing money. The fee incurred by a business for borrowed cash is known as an interest expenditure. Interest expense can be the cost of borrowing money from banks, bondholders, and other sources on the income statement.
Given:
The interest expenses will be charged for 4 month (September 1 to December 31)
Interest expenses = $54,000 × 9% × 4/12
Interest expenses = $54,000 × 0.09 × 0.3333
Interest expenses = $1619.838
So, the amount of interest expense that will be reported on West's income statement for Year 1 is $1619.838
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What percent of adults, nationally, were current on all credit payments in the last year?
Your friend sees your answer to #1 and assumes that each of those people has a high credit score. Why is your friend incorrect?
How does your state’s on-time payment record compare to the national rate?
Find your county within your state. How does your county’s rate compare to your state’s rate of on-time payment?
If you look at the state shading on the map, it seems on-time payment rates are somewhat clumped geographically. What might cause that “clumping?”
Based on prior learning, name two reasons that paying your credit card or loan bill late has serious consequences.
Answers
The percentage of adults, nationally, that were current on all credit payments in the last year is 78.5% .
Your friend is incorrect in assuming that all will have high credit scores. because base on the fact that a lot young adults have no credit experience. They are said to often have a high balance on too many credit card.
The state’s on-time payment record compare to the national rate is known to be Texas who are said to have an on-time payment record of 6.7% that is known to be lower than the national rate.
Miral county’s payment rate is 80%, 10% higher than the state of Texas.
The “clumping may be due to the types of jobs that are available to certain states.
The reasons our credit card or loan bill paid late?The reasons why our credit card or loan bill late said to be late is known to have a lot of serious effects if not managed. It can lead to:
Credit score reduction drastically, that can affect your credit report badly.It can also affect the types of opportunities, etc. that one can get through the credit bureau.learn more about credit payments from
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a job cost record is used to accumulate all of the direct materials and direct labor used on the job, as well as the manufacturing overhead allocated to the job. True or false?
Answers
The given statement "A job cost record is used to accumulate all of the direct materials and direct labor used on the job, as well as the manufacturing overhead allocated to the job" is true.
A job cost record is a document that is used to record and summarize all of the costs associated with a specific job, order, or contract. The main purpose of a job cost record is to help a business or company determine the total cost of a job or order and to provide a record of all the expenses associated with the job.In a job cost record, all the direct and indirect costs are recorded.
Direct costs are the costs that can be directly traced to the production of goods, such as raw materials and direct labor costs, whereas indirect costs include manufacturing overhead and other indirect costs such as insurance, depreciation, and utilities that cannot be directly traced to a specific product or service. Determining the cost of goods sold is critical for a company's profitability.
The job cost record helps companies determine the overall profitability of a job by comparing its revenue to the total costs of direct materials, direct labor, and overhead needed to produce the goods.
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hi thereeeeeeeeeeeeeeeeeeee
Answers
Answer: Hello nice to meet you!!!!!
Explanation:
Answer:
Periotttt yasss queen!!!
Explanation:
Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.
Answers
Answer:
C. Unlimited liability for all partners.
Explanation:
A general partner has unlimited liability to the debts of the business. It follows that in a general partnership business, all partners will have unlimited liability to business debts.
A general partnership is not a separate entity from its owners. Assets and liabilities of the business will be treated as those of the partners. Should the business fail in paying its debts, the partners' personal properties may be sold to clear the debts.
Danielle has to send a message to her manager. It is taking her extra time to draft the message because of the number of edits she has to make. What type of communication is Danielle carrying out?
Answers
The type of communication that Danielle is carrying out is written communication. She is editing the written message to be sent to her manager.
What is Written Communication?A 'Written Communication' refers to the process of sending messages, orders, or commands in writing thru letters, circulars, manuals, reports, telegrams, workplace memos, bulletins, and many more.
It is a proper approach to conversation and is much less flexible in nature.
Therefore, The type of communication that Danielle is carrying out is written communication. She is editing the written message to be sent to her manager.
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Answer:
written communication
Explanation:
Written communication involves writing the message that you want to communicate. A written message can be edited and rectified before sending it to the receiver.
Steiner entered into negotiations with Mobil Oil Company for a contract to buy gasoline from Mobil for a ten-year period. Mobil agreed to give Steiner a competitive allowance of $0.14 per gallon. When Steiner received the offer from Mobil with the competitive allowance provision, Mobil had sent its standard contract offer that included a clause permitting Mobil to revoke the competitive allowance at any time during the contract. Stiner objected and insisted on the competitive allowance for the life of the contract. Mobil agreed to this in a letter, but when assembling the numerous agreements that made up the contract, the letter guaranteeing the competitive allowance was left out. Mobil then revoked the competitive allowance as per its standard form that Steiner had signed. Steiner objects and sues to maintain the discount.
Who wins(why)?
What are the main issues in this case and what rules would apply here?
Answers
Likely, Steiner wins. The main issue is whether Mobil's letter guaranteeing the discount is legally binding. The rule is promissory estoppel.
In this case, the main issue is whether Mobil is allowed to revoke the competitive allowance during the contract, despite having initially guaranteed it for the duration of the ten-year period. Steiner objected to Mobil's standard contract offer, which included a clause allowing for the allowance to be revoked at any time. Mobil then sent a letter to Steiner guaranteeing the allowance for the life of the contract, but this letter was later left out of the final contract. Mobil then revoked the allowance, which led to Steiner suing to maintain the discount.
The rule that would apply here is the doctrine of promissory estoppel. This legal principle prevents a party from reneging on a promise if the other party relied on it to their detriment. In this case, Steiner relied on Mobil's guarantee of the competitive allowance in their decision to enter into the contract. Removing the allowance would cause Steiner financial harm, which is why they are objecting to its revocation. While Mobil may argue that the letter guaranteeing the allowance was not included in the final contract, this may not be enough to void the guarantee. Therefore, it is likely that Steiner would win this case.
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The Big Hotel Brand has instituted a coaching program. What are the likely results?
The expenses for coaching will be higher than that of other types of training, but it is worth it.
Managers will find coaching too time consuming in the long run.
Productivity will be diminished because employees work less.
The hotel will develop a deep bench of talent.
Answers
Answer:
The expenses for coaching will be higher than that of other types of training, but it is worth it.The hotel will develop a deep bench of talent.Explanation:
The essence of coaching is to develop and support individuals to maximize their potential. In coaching, an more competent and experienced person, the coach, offers instructions and guidance that helps the learner unlock their abilities.
Coaching empowers individuals by developing their soft and interpersonal skills. It prepares them for bigger responsibilities in an organization. Coaching is costly in terms of budgets and the time-off that employees and managers require for the activities. However, the benefits of more competent and efficient employees outweigh the costs. Coaching ensures a company has a readily available pool of talents to take up higher positions or fill any vacancies should they emerge.
For both articles, what can you tell me about the values of Harvard and Entrepreneur?
Answers
The article referenced is "If you want to be an entrepreneur, don't go to Harvard.
What are the values of the Harvard Graduate viz a- viz that of the Entrepreneur?Regardless of the size of the organization, "Core Values" should be prioritized. Values direct the path of business, influencing strategy and decision making. Essentially, basic principles serve as the foundation around which we develop our firm. Core Values provides several advantages to the firm.
Students at Harvard have access to classes, research institutions, and faculty mentors from around the university. It's the ideal location to explore your favorite and yet-to-be-discovered academic interests, with world-renowned teachers, cutting-edge resources, and personalized training.
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according to this information, what will sivar's ebit be if sales actually turn out to be $720,000 rather than $800,000
what will be EPS be?
Answers
Without knowing Sivar's specific financials, it's impossible to determine exactly what their EBIT and EPS would be with a change in sales. However, we can make some general assumptions based on the relationship between these terms.
EBIT (earnings before interest and taxes) is a measure of a company's profitability that takes into account revenue and expenses, but does not include interest payments or taxes. EPS (earnings per share) is a measure of a company's profitability that takes into account net income (which includes interest and taxes) and divides it by the number of outstanding shares.
Assuming that Sivar's expenses remain constant, we can estimate that their EBIT would be lower if sales were $720,000 instead of $800,000, since they would be generating less revenue. Similarly, their EPS would also be lower, since their net income (which includes interest and taxes) would also be lower.
However, it's important to note that these estimates are based on simplified assumptions and may not reflect the specific financials of Sivar or any other company. It's always best to consult a financial advisor or accountant for personalized advice.
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answers for question 11!!!!
Answers
Answer:
C!!
Explanation:
Two Major Types of Markets • Consumer Market -- All the individuals or households that want goods and services for personal use and have the resources to buy them. Business-to-Business (B2B) -- Individuals and organizations that buy goods and services to use in production or to sell, rent, or supply to others.
Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?
Pete is responsible and will pay the loan back on time.
Pete is responsible but will not pay the loan back on time.
Pete is irresponsible but will pay the loan back on time.
Pete is irresponsible and will not pay the loan back on time.
im mad at brainly so ima mark the best answer brainiest
Answers
Answer:
Pete is irresponsible and will not pay the loan back on time
Explanation:
Credit scores range from 300 to 850. In general, borrowers are categorized according to their credit scores as below
A score between 300- 629... bad
630-689 ... fair
680-719 ...good
720- 850... excellent
Pete has a bad credit score as per the above classification. He surely has a bad history when it comes to repaying loans. Lenders will consider him a high-risk borrower likely to default on his loan repayment.
Answer:
The correct answer is D. Pete is irresponsible and will not pay the loan back on time
Explanation:
That is the most likely way Pete's lender will view his credit score
Hopefully this helps :3 sorry if wrong :( Plz mark brainiest if correct :D Your bootiful/handsome! Have a great day luv <3 (I know Im like almost a year later but yayyyyyyy- Hopefully you passed your quiz/test :D)
-Bee~
Role of risk committee and their members
Answers
Answer:
The Risk Committee (the “Committee”) is an independent committee of the Board of Directors that has, as its sole and exclusive function, responsibility for the oversight of the risk management policies and practices of the Corporation's global operations and oversight of the operation of the Corporation's global risk ...
Explanation:
sna makatulong:)
Explain why experience is such a critical factor in improving driver safety. Select one: a. Studies show that drivers with experience recognize hazards more rapidly, regardless of age b. The question is misleading: in fact, studies show that experience does not improve driver safety c. Experience as a driver improves the motor skills and vision essential to sale driving
d. Experience is only beneficial to driver safety because older drivers are safer; older drivers with less experience are safer than younger drivers with more experience
Answers
It is believed that experience is such a critical factor in improving driver safety. Studies show that drivers with experience recognize hazards more rapidly, regardless of age. Thus, the correct answer is option A.
The awareness of the driver is the key element of the driver safety. As awareness requires being cognitively and perceptually engaged with the driving job and the surrounding environment, it is essential for driver safety.
Being aware of the road, identifying potential risks, keeping situational awareness, and being sensitive to shifting traffic patterns and other cars are all examples of driving awareness.
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What is advertising??
Answers
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
Pizza hearth is in the process of deciding on the mode of entry into countries of eastern europe. which phase of the international planning process is pizza hearth currently in?
Answers
Pizza Hearth is currently in the phase of market entry in the international planning process. This phase involves deciding on the mode of entry into countries of Eastern Europe.
The international planning process consists of several phases, and market entry is a critical step in expanding a business into new markets. Pizza Hearth is specifically focusing on Eastern Europe as its target market.
To determine the mode of entry, Pizza Hearth needs to consider various factors such as market characteristics, competition, legal and regulatory requirements, cultural differences, and resource availability. There are several modes of entry that Pizza Hearth could consider, including:
1. Exporting: Pizza Hearth could choose to export its products from its existing facilities to Eastern European countries. This mode allows the company to reach new markets without setting up physical operations in each country.2. Licensing or Franchising: Another option for Pizza Hearth is to license its brand or franchise its operations to local partners in Eastern Europe. This allows Pizza Hearth to expand its presence while leveraging the local knowledge and resources of its partners.3. Joint Ventures or Strategic Alliances: Pizza Hearth may also consider forming joint ventures or strategic alliances with local companies in Eastern Europe. This mode of entry allows Pizza Hearth to share resources, risks, and profits with its partners.
4. Direct Investment: Lastly, Pizza Hearth could opt for direct investment by setting up its own facilities, such as production plants or restaurants, in Eastern European countries. This mode provides Pizza Hearth with complete control over its operations but requires significant investment and commitment.Each mode of entry has its advantages and disadvantages, and Pizza Hearth needs to carefully analyze the market conditions and its own capabilities before making a decision.
Overall, Pizza Hearth is currently in the phase of market entry in the international planning process, specifically focusing on the mode of entry into countries of Eastern Europe.
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A bag of snack food says, "walmart's corn chips." this is an example of a(n) ________ brand.
A) family
B) generic
C) manufacturer's
D) co-brand
E) private
Answers
The Private brand (also known as private label or store brand) refers to products that are manufactured by one company but sold under another company's brand name.
In this case, Walmart's corn chips are manufactured by a company but sold under the Walmart brand name. This is different from a manufacturer's brand, which is a product that is manufactured and sold under the same brand name, or a generic brand, which is a product that is sold under a general category name (e.g. "corn chips") without any specific brand name attached to it.
A bag of snack food that says "Walmart's corn chips" is an example of a private brand. Private brands are owned and managed by retailers such as Walmart and are often created to compete with manufacturer's brands.
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An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in ________.
A. Hedge funds
B. Bonds
C. Mutual funds
D. Saving accounts
Answers
The investor whose highest priority is getting the largest gains possible would invest in hedge funds. (option A)
What are hedge funds?Hedge funds are alternative investments that pool the financial resources of different high net worth people together in order to invest in different ventures. Hedge funds are known to invest in different risky and illiquid investments. This increases the rate of their returns relative to other options.
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michelle works in retail and cant decide what products to include i the stores front window display what is the first step she should take to solve this problem
Answers
The available options are:
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
State the problem.
Explanation:
In a situation like this, it is expected that the first step to take to solve the problem is that Michelle should understand the reason, she wants to put the product on the window display. This includes knowing what she will benefit by placing the product on the window display and which product she wants to display. This process which is the first step in the problem-solving technique is known as STATE THE PROBLEM.
Hence, the right answer is State the Problem.
Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2016 (its fourth year), Massa's T-account balances were as follows. Dollars are in thousands.
Required:
(a) Using the data from these T-accounts, amounts for the following on January 1, 2016, were:
Assets = Liabilities Stockholders' Equity $
Answers
On January 1, 2016, Massa Company had total assets worth $120,000, liabilities worth $40,000, and stockholders' equity of $80,000. To determine the amounts for Assets, Liabilities, and Stockholders' Equity on January 1, 2016, we need to analyze the given T-account balances. The T-account balances represent the financial position of Massa Company at the start of its fourth year.
Here are the T-account balances provided:
- Cash: $40,000
- Accounts Receivable: $20,000
- Supplies: $10,000
- Land: $50,000
- Accounts Payable: $30,000
- Notes Payable: $10,000
- Common Stock: $40,000
- Retained Earnings: $40,000
1. Add up all the asset accounts (Cash, Accounts Receivable, Supplies, Land) to determine the total assets.
- Cash + Accounts Receivable + Supplies + Land = $40,000 + $20,000 + $10,000 + $50,000 = $120,000
The total assets on January 1, 2016, were $120,000.
2. Add up all the liability accounts (Accounts Payable, Notes Payable) to determine the total liabilities.
- Accounts Payable + Notes Payable = $30,000 + $10,000 = $40,000
The total liabilities on January 1, 2016, were $40,000.
3. Calculate the stockholders' equity by adding the Common Stock and Retained Earnings.
- Common Stock + Retained Earnings = $40,000 + $40,000 = $80,000
The stockholders' equity on January 1, 2016, was $80,000.
This is the residual interest in the assets of the company after deducting liabilities. It comprises common stock and retained earnings, with balances of $40,000 each. Stockholders' equity represents the owners' claim on the company's assets. In summary, Massa Company had total assets worth $120,000, liabilities worth $40,000, and stockholders' equity of $80,000 on January 1, 2016.
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Which of the following describes interest compound on the principle, excluding previously earned interest?
a- future value
b- present value
c- simple interest
d- compunding
Answers
Answer:
c- simple interest
Explanation:
Simple interest is the interest attained on the principal amount only. It is expressed as a percentage of the principal amount. Because the principal amount does not change, and the interest rate remains constant, the simple interest amount is a constant figure throughout the investment life.
Simple interest contrast compound interest that earns interest on previously earned interest.
how
has covid 19 affect sickle cell with hospital financial
strain
Answers
The financial strain caused by the COVID-19 pandemic has had an impact on the management and treatment of sickle cell disease in hospitals.
Hospitals have faced resource constraints, including limited staff, equipment, and funding, which can affect the quality and accessibility of care for individuals with sickle cell disease. This may lead to challenges in providing timely and comprehensive treatment, monitoring, and support services for patients with sickle cell disease, potentially impacting their overall health outcomes. The financial strain on hospitals has highlighted the need for continued investment and support in healthcare systems to ensure the provision of adequate care for individuals with chronic conditions like sickle cell disease.
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Bring an example of Positioning, explain how marketers
plan to position their products in their customer's mind, and how
B2C is different form B2B when positioning products.
Answers
B2C and B2B marketers use different approaches to positioning products, with B2C focusing on emotional appeals and B2B focusing on rational and functional benefits.
An example of positioning is the iPhone by Apple. Apple positions its iPhone as a premium and innovative smartphone that offers a seamless user experience, cutting-edge technology, and a sleek design. Through its marketing efforts, Apple creates a perception of exclusivity, sophistication, and status associated with owning an iPhone.
When planning to position their products, marketers typically conduct market research to understand their target audience, identify their needs and preferences, and determine the unique value proposition of their product. They then create marketing messages, branding elements, and experiences that align with the desired positioning. This can involve emphasizing specific product features, highlighting benefits, leveraging brand associations, and crafting a compelling brand story.
In the B2C (Business-to-Consumer) context, positioning often focuses on emotional appeals and connecting with consumers on a personal level. Marketers aim to create emotional connections, evoke desire, and tap into consumers' aspirations, lifestyles, and identities. The messaging is often tailored to resonate with the target audience's emotions, values, and desires.
On the other hand, in the B2B (Business-to-Business) realm, positioning primarily revolves around rational and functional benefits. B2B marketers focus on showcasing the practical value, cost-effectiveness, efficiency, and reliability of their products or services. The messaging is more fact-based, emphasizing features, performance metrics, return on investment, and how the product or service addresses specific business challenges.
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Why is a brand important to a business?
Answers
Which of the following is used to calculate income elasticity of demand? O A. % change in quantity of labor supplied % change in the wage rate O B. % change in quantity demanded % change in income OC. % change in quantity of Y demanded % change in price of X OD. % change in quantity supplied % change in price
Answers
B. % change in quantity demanded % change in income
Income elasticity of demand measures the responsiveness of the quantity demanded of a product to changes in consumer income. It is calculated by dividing the percentage change in quantity demanded by the percentage change in income.To calculate income elasticity of demand, the percentage change in quantity demanded is divided by the percentage change in income. This ratio provides a measure of how much the quantity demanded changes in response to a change in income.By analyzing income elasticity of demand, businesses and economists can determine whether a product is a normal good (positive income elasticity) or an inferior good (negative income elasticity). It also helps in predicting consumer behavior and making informed decisions regarding pricing, marketing, and product development strategies based on income fluctuations and income levels of target markets.
Therefore, option B) % change in quantity demanded % change in income is used to calculate income elasticity of demand.
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A business plan example
Answers
-My Example-
Answer:
Mia's Glazed Donut Shop
Explanation:
1. Business Description
Mia's Glazed Donuts specializes on gluten-free donuts. There is no chance of cross-contamination for anyone with celiac illness or gluten allergies because we only sell gluten-free donuts.
2. Company Description
The bakers who make the dough, fry, and glaze the donuts are the most important personnel. Customers' orders are handled by the cashiers at the cashier register. The store manager ensures that the store runs efficiently and that each transaction receives high-quality customer service.
3. Target Market
Individuals with celiac disease or gluten allergies are the target market for Mia's Glazed Donut Shop. There are few gluten-free breakfast alternatives in the Boston region, especially one that serves donuts. It's challenging to make gluten-free donuts with a fluffy consistency and texture. We've mastered our doughnut recipe and 10 different glaze formulations in our gluten-free kitchen.
4. Products and Services Line
We have ten different glaze options for gluten-free donuts. Our donuts are $2.10 each, and our freshly brewed coffee is $3.05.
how suppliers and producers can also be consumers
Answers
Answer:
They can also be consumers because the product they sell may be a necesity such as food, or basic clothing.
Explanation:
Needs are basic things needed to live which is why a supplier or producers may be a consumer to their own product. Also consumption could also just be resurculation of what they got paid.
Answer:
As a producer, create an ad promoting an item you produced. As a consumer, create a list of goods and services you would get to throw your friend a birthday party. Explain how a consumer and producer rely on each other. You have been given the opportunity to produce an item to sell at a local flea market.
Explanation:
Best Coffee Enterprises is dealing in a variety of coffee like Expresso, Cappuccino, and Caffe latte etc. It has several outlets in the city. It has a good financial standing and enjoys a good reputation in the market. It purchases high-quality coffee beans from Global Traders and pays them at a future date. Briefly explain the source of finance given by Global Traders to Best Coffee Enterprises.
Answers
Different sources of finance exist operated by various companies. Global Traders exist offering Trade Credit as a source of finance to the Best Coffee enterprises. Trade credit exists as a business-to-business (B2B) arrangement in which a customer can buy goods without spending cash up front, and delivering the supplier at the latest scheduled date.
What are the features of trade credit?It exists referred to as the payment holds authorized by the creditor for a specified period for their raw material.It exists usually comprehended as an instant source of finance.It usually occurs in B2B businesses where the payees exist and desired to pay within their established deadline.Trade credit exists as a business-to-business (B2B) arrangement in which a consumer can buy goods without spending cash up front, and paying the supplier at a later scheduled date. Usually, companies that work with trade credits will give customers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.
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