the shoe co. manufactures and sells two lines of shoes. during the most recent accounting period, the black line and the brown line sold 15,000 and 2,000 units, respectively. the company's most recent financial statements are shown below: black brown sales $ 900,000 $ 240,000 less cost of goods sold: unit-level production cost 600,000 135,000 depreciation, production equipment 125,000 50,000 gross margin $ 175,000 $ 55,000 less operating expenses: unit-level selling and administrative costs 40,000 65,000 corporate-level facility expenses (fixed) 36,000 36,000 net income (loss) $ 99,000 $ (46,000 ) based on this information, the company should: a. keep the brown line because it contributes $55,000 to total profitability. b. eliminate the brown line because it is operating at a loss. c. keep the brown line because it contributes $40,000 to total profitability. d. it is impossible to determine with the given information.

Answers

Answer 1

Based on the given information, the company should, eliminate the brown line because it is operating at a loss. Option b is correct.

Based on the financial statements provided, the brown line of shoes incurred a net loss of $46,000, while the black line generated a net income of $99,000. This indicates that the brown line is not contributing positively to the company's profitability and is operating at a loss.

Therefore, it would be advisable for the company to eliminate the brown line. By doing so, the company can reduce its expenses associated with the brown line, such as unit-level selling and administrative costs and corporate-level facility expenses, which are fixed regardless of the number of units sold.

Eliminating the brown line allows the company to focus its resources and efforts on the more profitable black line of shoes, which has a gross margin of $175,000. This strategic decision can help improve the company's overall financial performance and profitability. Option b is correct.

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Related Questions

for which of the following to work must both parties be online at the same time, and the receiver of a message be willing to accept messages?

Answers

In instant messaging, both parties are online at the same time, and the receiver of a message is willing to accept the messages.

A message is a discrete unit of conversation intended with the aid of the supply for intake by way of a few recipient or group of recipients. A message can be added by numerous way, along with courier, telegraphy, service pigeon and digital bus. A message can be the content material of a broadcast. An interactive change of messages bureaucracy a communication. One instance of a message is a press release, which may additionally range from a quick document or assertion launched by using a public business enterprise to industrial exposure cloth.

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a pet supply company offers a base price reduction for a retail buyer who purchases a prearranged amount of pet merchandise. this deal aids the pet supply company to keep the retail buyer as a repeat customer. which type of discounting strategy did the pet supply company use?

Answers

Considering the situation described in the question above the type of discounting strategy the pet supply company use is "quantity discounting strategy."

This is because a quantity discounting strategy is a type of strategy whereby e seller offers appealing sale deals to buyers such that the buyers buy at greater quantity but pay lesser at a reduced cost per unit of goods or materials when compared to when buying a smaller quantity.

This is a strategy that makes the buyers buy more at a reduced price per unit while the sellers make more sales in the long run.

Hence, in this case, it is concluded that the type of discounting strategy the pet supply company use is the "quantity discounting strategy."

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proper marking on cargo as it is shipped is important because proper marking. true or false

Answers

True, proper marking on cargo as it is shipped is important.

Proper marking on cargo as it is shipped is indeed important. Accurate and clear marking helps ensure efficient handling, identification, and tracking of the cargo throughout the shipping process.

It provides essential information such as the nature of the goods, handling instructions, destination, and other relevant details.

Proper marking helps prevent misplacement, damage, and delays in delivery.

It also assists in compliance with regulatory requirements and facilitates smooth coordination among the various parties involved in the shipping process, including shippers, carriers, and customs authorities.

Overall, proper marking plays a crucial role in enhancing logistics operations and maintaining the integrity of the shipment.

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can you guys help me with this pleaseee is due for tomorrowww thank uuu

can you guys help me with this pleaseee is due for tomorrowww thank uuu

Answers

Nakumatt had 65 locations as of December 2015 throughout the African Great Lakes nations of Kenya, Uganda, Rwanda, and Tanzania.

What is the nation?

Although the phrases nation, state, and country are sometimes used interchangeably, there is a distinction between them. A state is a self-governing political entity (notice the capital "S"). Country and State are both interchangeable terms. However, a nation is a closely-knit community of people who share a culture.

It had a gross yearly revenue of more than US$450 million and employed over 5,500 people. It planned to open more stores in the nations where it already had a presence and to expand into additional African nations at that time.

Therefore, the Great Lakes nations of Kenya, Uganda, Rwanda, and Tanzania.

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In the course of one’s readings, the researchers will face an
enormous number of materials. What are the certain considerations
in selecting materials that will be integrated to one’s research
pap

Answers

In the course of one's readings, researchers are faced with a large number of materials. For a research paper, selecting the right materials is important. The following are some important considerations when selecting materials for a research paper:

1. Relevance: The material should be relevant to the research question. It should provide valuable insight and support the argument presented in the research paper.2. Reliability: The sources of the material should be reliable and trustworthy. The information should come from credible sources that are known to be accurate.3. Currency: The material should be current. If the research paper is on a topic that is constantly changing, it is important to use materials that are up-to-date.4. Authority: The authority of the author should be considered.

5. Accessibility: The material should be easily accessible. If the material is difficult to obtain or requires extensive research, it may not be worth including in the research paper.6. Diversity: The material should be diverse. Including a variety of perspectives and sources can help to strengthen the research paper.7. Originality: The material should be original.s important for creating a successful research paper. By considering these factors, researchers can ensure that the materials they select are relevant, reliable, and valuable.

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1. There are many places to put your money in order to grow your wealth. Identify two examples of interest-bearing options and two examples of investments. (8 points)

Answers

Interest bearing options include stocks, certificates of deposits and anything that you can make a percentage of your money grow.
for the first example, real estate! it is one of the few things that will continuously go up in value. And what is meant by that is that in reality the house you live in is not an asset it's a liability but if you own many rental properties then it will pay for its self and for you to live if you do it correctly. the Second example of an investment would to build a collection, it doesn't have to be something super high dollar but after a while and if what you chose to collect becomes largely sought after you can double or even triple your money when the right buyer comes along.

1. Should a cover letter be a lengthy document?

2. What should be the “tone” of an informal thank you letter?

Answers

1. It actually depends; but usually it's like a three paragraph essay

2. The tone of an informal thank you letter is something like saying 'thank you so much' and a compliment sentence, like 'You are the best!'

Hope this helps! Have a great day!

Total cash receipts equal $20,000, total cash payments equal $14,000, beginning cash equals $10,000 and ending cash equals $22,000. The total cash available is:

Answers

The total cash available is $32,000.  To calculate this, you need to add the beginning cash to the total cash receipts, and then subtract the total cash payments and ending cash.

Beginning cash: $10,000
Total cash receipts: $20,000
Total cash payments: $14,000
Ending cash: $22,000
$10,000 + $20,000 - $14,000 - $22,000 = $32,000
So, the total cash available is $16,000.

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Scenario #1
You get a weekly allowance of $30 from your parents that is automatically transferred into your checking account. Tomorrow you are going to see a movie with your best friend which you often do. Your movie ticket and snacks cost $22, What is the best payment option for this scenario?

Questions:
Will you use cash, check, Prepaid card, Debit card, Credit card or P2P?
Why did you choose that payment option?
What are other possible payment decisions you can make?

Answers

I will use a debit card because my parents add my allowance to my checking account. Other possible payment decisions I can make are to use a check.

The correct option in the given scenario is to use the debit card because the interest rate in the checking accounts is low, and the another method to another method for payment is checks.

What is debit card?

A debit card is a kind of credit card. Means that the money can be withdrawn or the cost of acquisitions pay off straight from the holder's bank account without any payment of interest.

It is used in the checking accounts for the withdrawing of money, without giving the payment of interest. It is the simple and more quick way to make payments in comparison to the another cards and instruments.

The payment can be made by the other possible payment decisions like checks.

Therefore, debit card is mostly used by the checking account holders.

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which is am example of labeling

Answers

Answer: A reduced price tag

Explanation:

All of the following are examples of the food and beverage industry
except
-school cafeteria
-McDonald's inside a Walmart
-restaurant inside a shopping mall
-travel agency

Answers

Answer:

-travel agency

Explanation:

The food and beverage industry is made up of establishments whose core business is preparing meals, snacks, and beverages as per customers' orders for immediate consumption in or off the premises. A school cafeteria, McDonald's inside a Walmart, and restaurant inside a shopping mall will fit into the food and beverage industry's definition.

A travel agency is best placed in the tours and travels industry.

The balance sheet reports the company's assets, liabilities, and stockholders' equity at a specific point in time. The ______ state describes the revenue and expense items that affected net income over an interval of time.

Answers

The stability sheet presents an overview of assets, liabilities, and shareholders' fairness as a photo in time. The income declaration specially focuses on a company's revenues and expenses throughout a specific period.

An earnings announcement indicates a company's revenues, expenses and profitability over a duration of time. It is additionally on occasion referred to as a profit-and-loss (P&L) assertion or an profits statement.

What is income announcement and example?

An profits declaration is a monetary statement that indicates you the company's income and expenditures. It also suggests whether a enterprise is making income or loss for a given period. The income statement, along with balance sheet and cash glide statement, helps you apprehend the economic fitness of your business.

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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36

Answers

Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.

To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:

The flat-rate disability amount is $496.36 per month.

The maximum monthly disability benefit is $1362.30.

Krishna's entitlement to a CPP retirement benefit is $660 per month.

To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:

The disability benefit will be the lesser of:

The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.

Let's calculate the disability benefit based on the above formula:

Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)

= min($660, $496.36 + $660 - $496.36)

= min($660, $660)

= $660

Therefore, Krishna will receive a disability benefit of $660 under the CPP.

Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.

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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36

You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)

Answers

Answer:

$14.28

Explanation:

you will have a couple of cents left over at the end because you cant evenly divide 400 by 28

The overriding goal of a control system is to enable the ____ and ________ of the business.
A) Improvement, diversification
B) Process, development
C) Survival, long-term success
D) Invention, entrepreneurship

Answers

C) Survival, long-term success. The primary purpose of a control system is to ensure that the business is able to survive in the short-term while also achieving long-term success by identifying and managing risks, maintaining financial stability, and monitoring performance.

A control system is a set of procedures and tools used to manage and monitor the performance of an organization. It includes policies, processes, metrics, and reporting mechanisms that enable management to identify problems, assess risks, and make informed decisions to improve the overall performance of the business.

The primary objective of a control system is to ensure that the organization is able to achieve its strategic goals and objectives, while also mitigating risks and maintaining compliance with regulatory requirements. By providing visibility into key performance indicators and other metrics, a control system enables management to make data-driven decisions that can improve the efficiency, effectiveness, and profitability of the business over the long term.

While improvement, diversification, process, development, invention, and entrepreneurship are also important considerations for a successful business, the primary focus of a control system is to ensure the survival and long-term success of the organization.

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Having a corporate code of ethics that prohibits employees from accepting gifts from customers or vendors is an example of which component of internal control?.

Answers

Having a corporate code of ethics that prohibits employees from accepting gifts from customers or vendors is an example of control environment.

Employees perform unique responsibilities and duties for employers in change for compensation. commonly, they paintings in a full-time, element-time or brief potential. personnel satisfy sure job obligations and roles, most usually described within the task listing. The dictionary definition of “employee” says succinctly that an worker is “someone who works for any other in return for economic or different compensation.”three underneath that definition, independ- ent contractors would seem like personnel. An enterprise is an enterprise, organization, authorities entity, organisation, employer, professional offerings firm, nonprofit association, small business, shop, or man or woman who employs or places to work, a person who's called an employee or a team of workers member.

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Why might it be disadvantageous to receive a large refund instead of a smaller one?.

Answers

It will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.

What is a large tax refund?

A large tax refund is received because a taxpayer had more tax withheld from his/her paychecks all year than was necessary to cover what you owe.

What is a small tax refund?

A small tax refund usually occur because the taxpayer have overpaid only by a little amount.

In conclusion, it will be a disadvantage to receive a large refund instead of a smaller one because its look like the taxpayer loaned the U.S. government their money without making interest.

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PLZ HELP I AM TIMED!!!!!!

Kendra’s level of education is a high school diploma. Which careers could she work in? Check all that apply.

Planning Clerk
Production Worker
Mechanical Engineer
Hand Packer
Operating Workers
Industrial Engineering Technician

Answers

Answer:

b,d,e

Explanation:

these are correct

Production Workers, Hand Packers, and Operating Workers careers could work. Thus, option A is correct. b,d, and e.

What is education?

Education is portrayed as a learning cycle for the individual to accomplish data and perception of the greater unequivocal things and express. Schooling influences the possibilities of work for individuals. A profoundly instructed individual is presumably prone to find a decent line of work.

In this instance as Kendra’s level of education is a high school diploma. This was to represent that the job and the project will be different. Also, there will be a specific low line of work that she can acquire to work on. This line of work will be Production Workers, Hand Packers, as well as  Operating Workers.

Therefore, option b, d, and e is correct.

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If a local company were to break contract with a retailer and no deliver the products requested, what type of law would be broken?

Answers

If a local company were to break the contract with a retailer and not deliver the products requested, Civil law would be broken.

When one party doesn't carry out their obligations as stated in the contract, there is a breach of the agreement. That could involve anything trivial like making a payment a few days late or something more significant.

What is the most common breach of contract?

The most frequent remedy for contract violations is this one. When compensatory damages are granted, a court requires the party who violated the contract to give the victim enough money to fulfill their contractual obligations elsewhere.

A breach of contract occurs when a promise that is a component of a contract is not kept without a valid justification. This includes failing to perform in a way that complies with industry standards or any express or implicit warranty requirements, such as the implied warranty of merchantability.

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Using a loan could help with the purchase of which of the following?a) A new televisionb) A dream weddingc) A housed) Airline tickets to your dream vacation

Answers

Using a personal loan could help with the purchase of   A house .Option C is correct .

What does the term "personal loan" mean?

When someone borrows money for a personal need, such as investing in a business, it is referred to as a personal loan (also known as a consumer loan).

What is an example of a personal loan?

A personal loan is a sum of money that you can borrow and use for a number of things. For instance, you may utilize a personal loan to pay off debt, finance home improvements, or finance your ideal wedding. Online lenders, credit unions, and banks can all provide personal loans.

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one thing a company's mission statement should capture is _____?

Answers

One thing a company's mission statement should capture is the overarching purpose and direction of the organization.

A company's mission statement should capture its core purpose, values, and goals. It should outline what the company does, who it serves, and how it operates. A well-crafted mission statement can serve as a guiding light for the company's overall strategy and decision-making processes while also providing clarity and focus for its employees.

The mission statement should reflect the company's unique identity and differentiate it from competitors, creating a sense of purpose and direction. It should articulate the company's commitment to its customers, employees, and stakeholders, embodying the company's values and culture. Furthermore, it should provide a clear framework for the company's strategic planning, indicating the direction for future growth and development.

Ultimately, a mission statement should inspire and motivate employees, as well as create a sense of purpose and pride in their work. It should also create a strong sense of loyalty among customers and help build and reinforce the company's brand image. In sum, the mission statement should be a powerful tool that communicates the essence of a company's reason for being and encapsulates the organization's unique value proposition.

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PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE

What is the main reason companies offer free or promotional items and services?




to get rid of bad products




to lure in new customers willing to spend money




to reveal their new products to their competition

Answers

Answer:

lure in customers; so the middle option

Answer:

to lure customers

Explanation:

Hey everyone, I just thought you all should know that...
you are AMAZING
you are BEAUTIFUL
you are SMART
you are KIND
you are NOT going to give up on your FIGHT
and you better stay ALIVE!!! <33

Answers

Answer:

thanks lol

you too-

Which city served as the most important railroad hub, connecting the east and the west?

Answers

The city that city served as the most important railroad hub, connecting the east and the west is Chicago. Chicago has a function as a city that served as the gateway between the farm and ranch country of the Great Plains and eastern markets.

Based on the economic market, especially in the United States, Chicago generally can be defined as the most important railroad center in North America. Chicago railroad has a function as the important interchange point for freight traffic between the nation's major railroads and it is the hub of Amtrak. Carl Sandburg gives a iconic poem that imagine a Chicago as a “Hog Butcher for the World”.

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What is the ground clearance of the Nissan GT-R?

Answers

Answer:

110 mm

Explanation: The Nissan GT-R has a 110 mm ground clearance.

Business executive and current international fugitive Carlos Ghosn was, at the time of his initial arrest in November 2018, chairman of an alliance among three automakers (as well as chairman of each individual company). Mitsubishi was one of the three. Name both of the other two?

Answers

The two other automakers that were part of the alliance that Carlos Ghosn chaired at the time of his arrest were Nissan and Renault. Ghosn's leadership of the alliance, which was formed in 1999, was considered a model for cross-border cooperation and cost-saving measures in the automotive industry. However, his arrest in Japan on charges of financial misconduct and his subsequent escape to Lebanon have caused turmoil within the alliance and raised questions about its future.

Ghosn, who has denied the charges against him, has accused Nissan and Japanese prosecutors of conspiring against him in order to prevent a merger between Nissan and Renault, which he had long championed. The fallout from his arrest has also highlighted tensions between the Japanese and French sides of the alliance, as well as concerns about the future of Mitsubishi, which has struggled in recent years.

Despite these challenges, the alliance remains one of the largest and most powerful in the automotive industry, with a combined annual revenue of over $190 billion and operations in more than 190 countries. The ongoing drama surrounding Ghosn's case underscores the high stakes involved in international business and the complex relationships that can develop between companies and their leaders.

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Two friends want to open a clothing consignment store. Individuals bring clothing to the consignment store and if the clothes sell, the consignment shop earns 60% and the customer receives 40% of the sale. What are the advantages of this type of business over other retail stores? Explain the advantages and disadvantages of operating this business as a sole proprietorship and a partnership

Answers

Answer:Some advantages of a consignment store are that if your your item sells both you and the business benifit. A disadvantage of a consignment store is that if the item doesnt sell the business doesnt profit and neither does the person who brought in the item. At other retail stores even if your item doesnt sell you still get the money but you dont get the item back so that could be an advantage or disadvantage.

Explanation:Some advantages of being a proprietorship and owning a consignment store is that you would get to keep all of the 60% sold of all profits.

A dsadvantage of being in a partnership and owning a consignment store would be that you would you would have to spilt the 60% with who ever you are partners with.

When given an Income Statement, Balance Sheet, and Cash Flow Statement, how would you calculate the following in excel:

DuPont Analysis. Break down your company’s Return on Equity, ROE, into the 3-part DuPont Equation for each year. Comment on what factors caused changes in your company’s ROE over the time period.

Answers

To calculate the DuPont Analysis and break down a company's Return on Equity (ROE) into the three-part DuPont Equation in Excel, you need to analyze the company's Income Statement, Balance Sheet, and Cash Flow Statement. The three components of the DuPont Equation are Profit Margin, Asset Turnover, and Equity Multiplier. Analyzing changes in each component over time can help identify factors influencing the company's ROE.

To perform DuPont Analysis in Excel, follow these steps:

Retrieve the necessary financial statements, including the Income Statement, Balance Sheet, and Cash Flow Statement, for each year of analysis. Calculate the Profit Margin by dividing Net Income by Total Revenue. This ratio measures how efficiently the company generates profits from its sales.

Calculate the Asset Turnover by dividing Total Revenue by Average Total Assets. This ratio indicates how effectively the company utilizes its assets to generate sales. Calculate the Equity Multiplier by dividing Average Total Assets by Average Shareholders' Equity. This ratio shows the leverage or financial structure of the company.

Calculate the ROE by multiplying the Profit Margin, Asset Turnover, and Equity Multiplier. The formula for ROE is: ROE = Profit Margin x Asset Turnover x Equity Multiplier.

By analyzing changes in each component of the DuPont Equation over time, you can identify factors influencing the company's ROE. For example, an increase in Profit Margin may indicate improved cost management or pricing strategies. An increase in Asset Turnover may suggest increased efficiency in utilizing assets. Changes in the Equity Multiplier can be influenced by factors such as debt financing or stock buybacks.

In conclusion, DuPont Analysis allows for a comprehensive breakdown of a company's ROE by analyzing the Profit Margin, Asset Turnover, and Equity Multiplier. Examining changes in these components over time can provide insights into the factors impacting the company's ROE, including profitability, asset utilization, and financial leverage.

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Cash Budgeting Dorothy Koehl recently leased space in the Southside Mall and opened a new business, Koehl's Doll Shop. Business has been good, but Koehl frequently runs out of cash. This has necessitated late payment on certain orders, which is beginning to cause a problem with suppliers. Koehl plans to borrow from the bank to have cash ready as needed, but first she needs a forecast of how much she should borrow. Accordingly, she has asked you to prepare a cash budget for the critical period around Christmas, when needs will be especially high. Sales are made on a cash basis only. Koehl's purchases must be paid for during the following month. Koehl pays herself a salary of $4,600 per month, and the rent is $1,800 per month. In addition, she must make a tax payment of $13,000 in December. The current cash on hand (on December 1) is $750, but Koehl has agreed to maintain an average bank balance of $7,000 - this is her target cash balance. (Disregard the amount in the cash register, which is insignificant because Koehl keeps only a small amount on hand in order to lessen the chances of robbery.) The estimated sales and purchases for December, January, and February are shown below. Purchases during November amounted to $150,000. Sales Purchases December $120,000 $35,000 January 46,000 35,000 February 66,000 35,000 Prepare a cash budget for December, January, and February. Do not round intermediate calculations. Round your answers to the nearest dollar. Negative values, if any, should be indicated by a minus sign. Collections and Purchases: December January February Sales (Collections) $ $ $ Purchases $ $ $ Payments for purchases $ $ $ Salaries $ $ $ Rent $ $ $ Taxes $ --- --- Total payments $ $ $ Cash at start of forecast $ --- --- Net cash flow $ $ $ Cumulative cash balance $ $ $ Target cash balance $ $ $ Surplus cash or loans needed $ $ $ Suppose that Koehl starts selling on a credit basis on December 1, giving customers 30 days

Answers

The preparation of cash budgets for December, January, and February for Koehl's Doll Shop are as follows:

Koehl's Doll Shop

Cash Budget

                                                    December       January      February

Sales                                             $120,000        46,000        66,000

Total payments                            $169,400       $41,400       $41,400

Cash at the start of the forecast        $750            ---                   ---

Net cash flow                               ($49,400)       $4,600      $24,600

Cumulative cash balance           ($48,650)     ($51,050)    ($33,450)

Target cash balance                      $7,000        ($7,000)     ($7,000)

Surplus cash or loans needed  ($55,650)      $58,050    ($40,450)

What is a cash budget?

A cash budget is a projection of cash receipts and payments for a period.

Cash budgets may be prepared weekly, monthly, quarterly, or yearly, as required.

Management prepares cash budgets to guide its cash flow activities and decisions, readying to invest excess cash, request loans, or generate sufficient revenue to meet its short-term obligations.

Purchases for November = $150,000

                      Sales    Purchases

December $120,000   $35,000

January         46,000     35,000

February       66,000     35,000

Other cash payments:

Koehl's salary is $4,600 monthly

Rent is $1,800 monthly

Tax $13,000 in December

Thus, preparing a cash budget enables Dorothy Koehl to appreciate the timing of cash flows.

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Michael owns a small but profitable tech company. He has been approached by a larger company that wants to purchase his business. In which business life cycle stage is Michael

Answers

A business that has a single owner is known as a sole proprietorship. The owner has all control, the business is simple and affordable to start, and the earnings are all kept by the owner.

What are the five primary types of ownership in small businesses?

single-person business. A sole proprietorship is simple to set up and offers you total management over your company.

Partnership. The simplest form of joint ownership for two or more people is a partnership.

Corporation that is a limited liability company (LLC).

Cooperative.

Which of the following is an important aspect in a small business's success?

Money, Marketing, and Product will always be the three most crucial success factors for expanding businesses, even if each is equally important. Most companies produce a decent enough product or service to be successful, so that part of their business is taken care of.

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