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Answer:
A business idea is a concept that can be used for financial gain that is usually centered on a product or service that can be offered for money.
Explanation:
Related Questions
Analyze Johnson Stores’ staffing budget for holidaysJohnson Stores is planning its staffing for the upcoming holiday season. From past history, the store determines that it needs one additional sales clerk for each $12,000 in daily sales. The average daily sales is anticipated to increase by $96,000 from Black Friday until Christmas Eve, or 27 shopping days. Each additional sales clerk will work an eight-hour shift and will be paid $14 per hour.a. Determine the amount to budget for additional sales clerks for the holiday season.Holiday staff budget for additional clerks $b. If Johnson Stores has an average 40% gross profit on sales. What is the additional profit generated if a staff is added for the increased sale?Additional profit $
Answers
Answer:
Johnson Stores
Staffing Budget for Holidays:
a. The amount to budget for additional sales clerks for the holiday season is:
= $24,192.
b. The additional profit generated if a staff is added for the increased sale is:
= $1,209.60.
Explanation:
a) Data and Analysis:
Number of sales clerk required for each $12,000 in daily sales = 1
Average sales increase = $96,000
Number of sales clerk required for the $96,000 sales increase = 8 ($96,000/$12,000)
Number of shopping days from Black Friday to Christmas Eve = 27
Sales clerk works a shift per day = 8 hours
Wages per hour = $14
Total hours to be worked by the additional sales clerk = 8 * 27 * 8 = 1,728
Total wages = 1,728 * $14 = $24,192
Average gross profit on sales = 40%
Total gross profit on sales = $24,192 * 40% = $9,676.80
Additional gross profit generated by adding a staff = $1,209.60 ($9,676.80/8)
how might the use of a stakeholder management tool like the power interest grid or the stakeholder assessment matrix differ by methodology chosen?
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Depending on the chosen technique, the process for using a stakeholder management tool, such as the Power Interest Grid or Stakeholder Assessment Matrix, can vary.
According to their power (influence) and interest (degree of involvement) in a project or organization, stakeholders are evaluated using the Power Interest Grid.
On a matrix with four quadrants, stakeholders are represented as high power, high interest, high power, low interest, low power, low interest, and low power, low interest.
A project's or organization's stakeholders are rated according to their level of influence and impact by the Stakeholder Assessment Matrix.
It is crucial to select a methodology that fits the particular requirements of the project or organization, taking into account the level of analysis that will be needed, the data that is at hand, and the intended results.
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what are the two formats for preparing the buisness income statement?
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The financial success of a corporation is summarized in an income statement.
It displays all of the company's earnings and outlays for a given time frame.
An income statement can be presented in one of two ways. Either a (1) single-step income statement or (2) a multi-step income statement may be presented.
Simple to understand is a single step income statement. Following all expenses and losses, all revenues and gains are given. To determine the net income, the difference is computed and taxed.
A multi-step income statement involves a number of steps before we can calculate the net income. We must perform sequential computations for:
Sales - Cost of Sales equals gross profit.
Selling expenses plus administrative costs equal total operating expenses.
Gross profit minus all operating expenses is operating income.
Operating income less other revenues and expenses equals income before taxes.
Income after Tax - Income Tax = Net Income
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what are the three goals of successful businesses? why do these three core goals need to be part of a business plan?
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okay so.
Answer:
Employees, Investments, marketing
Explanation:
these three things need to be part of the business because it will keep it stabilized,on of everything.
Activities would you perform as an entrepreneur?
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Answer:
no. because why it make since to person as an entrepreneur
Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.
Answers
Answer:
this is my own answer
Explanation:
hi
How to Prepare a Comparative Income Statement?
Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.
Step 2: Calculate the absolute change in the items mentioned in the income statement.
Refer to the table. If demand is represented by columns (3) and (1) and supply is represented by columns (3) and (4), equilibrium price and quantity will be.(The graph and answers for the question is in the picture below)
$9 and 60 units.
$10 and 60 units.
$8 and 80 units.
$8 and 60 units.
$9 and 70 units.
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If demand is represented by columns (3) and (1) and supply is represented by columns (3) and (4), equilibrium price and quantity will be option A: $9 and 60 units.
Why is the above at equilibrium price and quantity?Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will be altered.
Therefore, The quantity supplied exceeds the quantity required when the price is above the equilibrium market price because suppliers will be willing to supply more at that price and consumers will be willing to buy less at that price.
Looking at the table, you will see that the quantity demanded at $9 was the quantity supplied (60 units), hence it is at the equilibrium.
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which of the following is an example of business related financial information:
pay stub
school-loan document
accounts recievable record
sales reciept from purchasing a new mattress
Answers
Answer:
accounts recievable record
Explanation:
Accounts receivable record shows the amount of money customers owe a business. It arises when a company sells goods or services to customers on credit. Accounts receivable is a financial record, as it records commercial transactions between a firm and its customers.
Accounts receivables are treated as assets in the financial records of a business.
Stanley receives his degree from OCC. Stanley leaves his job at Trump Organization, paying him $100,000 a year. Stanley uses his life saving of $250,000 that he had deposited at Wells Fargo at an annual rate of 5% to start his own clean-energy company. Stanley’s first year revenue and expenses are as follow, Rent $23,000 Salary 57,000 Utility 22,000 Others 13,000 _________ Total 115,000 _________ Revenue for the year $180,000 11. Stanley’s explicit costs for the year is Group of answer choices $215,000 $112,500 $180,000 $216,250 $115,000
Answers
Stanley’s explicit costs for the year is $115,000.
Using this formula
Explicit costs=Rent+ Salary+ Utility+ Others
Where:
Rent=$23,000
Salary=$57,000
Utility=$22,000
Others=$13,000
Let plug in the formula
Explicit costs= $23,000+$57,000+$22,000+$13,000
Explicit costs=$115,000
Inconclusion Stanley’s explicit costs for the year is $115,000.
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what is the fastest way to grow your account (in followers and likes) on social media? this doesn't have to be "right" just say what has helped you grow on social media
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Answer:
I think is just be nice like thier pics leave nice comments cause if ur nice to them they might think Oh that was nice I'm gonna follow them and just put cute pics and things that are trendy so people will see them and always stay nice and polite
Explanation:
Prompt What is globalization?
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Answer:
companies operating on a global scale
Sheridan Company produces a product that requires 2.6 pounds of materials per unit. The allowance for waste and spoilage per unit is 0.3 pounds and 0.1 pounds, respectively. The purchase price is $2 per pound, but a 2% discount is usually taken. Freight costs are $0.10 per pound, and receiving and handling costs are $0.07 per pound. The hourly wage rate is $12.00 per hour, but a raise which will average $0.30 will go into effect soon. Payroll taxes are $1.20 per hour, and fringe benefits average $2.40 per hour. Standard production time is 0.5 hour per unit, and the allowance for rest periods and setup is 0.5 hours and 0.4 hours, respectively. The standard direct labor hours per unit is
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Answer:
$15.90
Explanation:
Standard direct labor rate per hour = Hourly wage rate per hour + Average raise in the hourly wage rate + Payroll taxes per hour + Fringe benefits per hour
Standard direct labor rate per hour = $12.00 + $0.30 + $1.20 + $2.40
Standard direct labor rate per hour = $15.90
This answer wasn't correct last time sadly so I'm not sure how to correctly do the problem. Here's the screenshot detailing it
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Based on the benefits that John Cotton receives from his employer, the taxable benefits for 2021 will be $0.
Which benefits are taxable?Personal protective equipment are tax exempt because they are treated as Medical expenses.
Employer-provided cell phone allowances are not taxable if used for business purposes. Meals are also tax exempt when the employer provides it inside business premises.
No benefit is therefore taxable.
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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
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Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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If Pertino Inc. has a debt ratio of 40 percent, it means that for every $1 in _____, the firm has 40 cents in _____.
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If Pertino Inc. has a debt ratio of 40 percent, it means that for every $1 in asset , the firm has 40 cents in debt.
What is the debt ratio?The debt ratio is an example of a solvency ratio. Solvency ratios use information that has been provided in the balance sheet to measure and determine the amount of debt capital relative to equity capital.
The debt ratio is the ratio of total debt to total asset. It is determined by dividing total debt by total asset. The higher debt ratio is, the higher the financial risk and the weaker the solvency of the company is. If the debt ratio of a company is higher relative to those of contemporary firms, it is a negative indicator.
Debt ratio = total debt / total asset
0.4 = 0.4 / 1
This means that debt has a value of 0.4 and asset has a value of 1.
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What’s the best way to find the load capacity of a crane?
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The load capacity of a crane can be found by checking the load chart, calculating the effective load, calculating the capacity at the working radius, and checking the stability of the crane.
The load capacity of a crane refers to the maximum weight that it can lift and transport safely without any damage to the crane. The maximum load capacity of a crane is determined by its design and other specifications. The best way to find the load capacity of a crane is by checking the manufacturer's load charts and calculating the effective load that the crane can lift in various positions and operating conditions. Below are the steps to find the load capacity of a crane.
Step 1: Check the load chartThe load chart provides information about the crane's capacity in various conditions and configurations. It shows the maximum weight that can be lifted at different radii and boom lengths. The load chart also indicates the crane's stability in different positions. The load chart should be specific to the crane's model, and it should be available from the manufacturer or the crane supplier.
Step 2: Calculate the effective loadThe effective load is the weight of the load plus any rigging gear, such as slings, shackles, and hooks. The effective load should be calculated for every lift to ensure that the crane is not overloaded. The effective load is calculated by adding the weight of the load to the weight of the rigging gear. The weight of the rigging gear should be included in the load chart or specified by the manufacturer.
Step 3: Calculate the capacity at the working radiusThe working radius is the distance from the center of rotation of the crane to the center of gravity of the load. The capacity of the crane is affected by the working radius. The closer the load is to the crane, the higher the capacity. The capacity at the working radius is calculated by multiplying the effective load by the load radius factor, which is provided in the load chart. The load radius factor takes into account the boom length, the angle of the boom, and the crane's capacity. It varies for different radii and boom lengths.
Step 4: Check the stability of the craneThe stability of the crane should be checked to ensure that it can lift the load safely without tipping over. The crane's stability depends on the configuration, the location of the load, and the position of the crane. The load chart provides information about the crane's stability in different positions and configurations. If the crane is unstable, the load should be repositioned or a more stable crane should be used.
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what are business letters
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This chapter is all about trade--imports and exports and the balance of payments.
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How did the Mughal and Ottoman military systems differ from one another- What was the policy behind each administrations choice of a military system?
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The Ottoman military system was highly centralized and bureaucratic. The sultan, who was both the political and military leader of the empire, had direct control over the military, and all soldiers were ultimately loyal to him. The Ottomans relied heavily on the use of Janissaries, a corps of elite soldiers who were trained from a young age and were highly disciplined and loyal to the sultan. The Janissaries were supported by a large standing army, which was composed of soldiers from all parts of the empire.
In contrast, the Mughal military system was more decentralized and relied more heavily on local rulers and nobles to provide troops and resources for the military. The Mughals had a large standing army, but it was not as centralized or as highly disciplined as the Ottoman military. Instead, local rulers and nobles were given significant autonomy in how they raised and commanded their troops.
The policy behind each administration's choice of a military system was based on their respective geopolitical situations. The Ottomans were facing constant threats from their neighbors and had to maintain a strong, centralized military to protect their borders and maintain control over their vast empire. The Mughals, on the other hand, faced more internal threats from local rulers and nobles who often rebelled against imperial authority. To manage these threats, the Mughals relied on a more decentralized military system that gave local rulers and nobles a vested interest in the success of the empire.
Overall, while both the Ottoman and Mughal military systems were effective in their own ways, they reflected the unique geopolitical circumstances and strategic considerations of each empire.
The following data relate to direct labor costs for the current period:
Standard costs
9,000 hours at $5.50
Actual costs
8,500 hours at $5.75
What is the direct labor rate variance?
Answers
Answer:$2,125 unfavorable
Explanation:
Given
Standard costs 9,000 hours at $5.50
Actual costs 8,500 hours at $5.75
we have two formulas to calculate for direct labor rate variance is:
1ST ----Direct Labor rate variance = (Actual Rate- Standard Rate ) x Actual hour
=( $5.75 -$5.50) x 8,500 = $2,125 unfavorable
2ND----Direct Labor Rate Variance=Actual Direct Labor Cost Incurred - Standard Direct Labor Cost Based on Actual Hours
=Actual Hours x Actual Rate -Actual Hours x Standard Rate
= ($5.75 x 8,500 hours)-($5.50 x 8,500 hours)
$48,875 - $46,750 = $2,125 unfavorable
when the actual rate is higher than the standard rate, the Direct Labor Rate Variance is unfavorable and if the actual rate is lower than standard rate, the variance is favorable.
Do you think it’s better to take out a loan to fund a business or seek out an investor?
Answers
Answer:is better to take out a loan
Explanation:
it is important for a sales person to understand the specific wants and needs of prospective customers and then be able to create and communicate value to them. this is known as a
Answers
Customer strategy, Customer strategy, according to Merkle, is "a data-driven approach to maximizing the financial value of customers, by combining a profound understanding of customer needs
What is customer strategy ?
Customer strategy, according to Merkle, is "a data-driven approach to maximizing the financial value of customers, by combining a profound understanding of customer needs, behaviors, and value with the ability to engage specific customers in the best possible way at various touchpoints across the entire relationship with those customers."
The articulation of the unique value and experience your business will provide to a predetermined group of customers over the course of three to five years, along with the offerings, channels, operating model, and competencies you will need to achieve it, is what we mean by customer strategy.
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BUSN 101 quiz3
Ivy tech community college
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Ivy Tech Community College is a public institution of higher education that serves communities throughout Indiana.
What is Ivy Tech Community College?Generally, 'Established in 1963, the college offers more than 200 associate degree and certificate programs in fields such as business, health sciences, engineering, and public service.
Ivy Tech also offers online and hybrid courses and programs to provide students with the flexibility they need to pursue their educational goals.
In addition to its academic offerings, the college provides career services, financial aid services, and resources to help students succeed in their studies.
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25 points and brianly
Which sentence demonstrates the use of secondary market research technique?
Answers
Answer:
Sentence 3
Explanation:
Answer:sentence three
Explanation:
During 2021, Angel Corporation had 990,000 shares of common stock and 95,000 shares of 6% preferred stock outstanding. The preferred stock does not have cumulative or convertible features. Angel declared and paid cash dividends of $390,000 and $195,000 to common and preferred shareholders, respectively, during 2021. On January 1, 2020, Angel issued $2,090,000 of convertible 5% bonds at face value. Each $1,000 bond is convertible into five common shares. Angel's net income for the year ended December 31, 2021, was $7.35 million. The income tax rate is 25%. What is Angel's basic earnings per share for 2021, rounded to the nearest cent
Answers
Answer:
$7.23
Explanation:
Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares
Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares
Basic Earnings per share = $7,155,000 / 990,000 shares
Basic Earnings per share = 7.22727273
Basic Earnings per share = $7.23
So, the amount of Angel's basic earnings per share for 2021 is $7.23.
What happens when a firm makes a decision to grow from within?
Answers
Answer:
most grow by expanding their present operations. some introduce and sell new but related products. others expand the sale of present precepts to new geographic markets or to new groups of consumers in geographic markets already served.
Explanation:
Producing a movie like Star Wars requires the collective effort of thousands of people including writers, artists, designers, camera operators, computer engineers, editors, and actors. Furthermore, movie sets require resources like lumber, paint, lights, props, and cameras. Use the idea of the invisible hand to explain how these workers and resources are organized so effectively without government planning.
Answers
Answer:
All the people involved in the production of the film try to do their best because they are motivated by self-interest.
This self-interest is represented in two ways: the need to make a living, so they work effectively in order to be paid instead of being fire, and also, self-interest is represented by desires of fulfillment, which tend to be specially common in artistic enviroments. The director wants to do his best because he wants to feel personally accomplished, same for the script-writers, the actors, and even the make-up artists.
On October 17, Nikle Company purchased a building and a plot of land for $750,000.
The building was valued at $500,000 while the land carried a value of $250,000.
Nikle paid $300,000 down in cash and signed a note payable for the balance.
Prepare the journal entry for this transaction.
Answers
Answer:
Building (debit) $500,000
Land (debit) $250,000
Cash (credit) $300,000
Note payable (credit) $450,000
Explanation:
Recognize the Assets : Building $500,000 and Land $250,000, de-recognized the assets of cash $300,000 and recognize liability arising from the note payable of $450,000.
You're doing a monthly bank reconciliation and have the following information:
Current book balance: $19,250
Balance per bank statement: $15,000
Outstanding checks: $2,000
Bank fees: $250
Deposits in transit: $6,000
What is the reconciled cash amount?
A) 13,250
B) 17,000
C) 19,000
D) 20,750
E) 21,250
Answers
The reconciled cash amount is $19,000.
Bank reconciliation statement:Current book balance $19,250
Less: Bank fee ($250)
Reconciled cash amounts $19,000
Balance per bank statements $15,000
Add:Deposit in transit $6,000
Less:Outstanding Checks ($2,000)
Reconciled Cash Balance $19,000
Therefore we can conclude that The reconciled cash amount is $19,000.
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you will choose one federal agency to discuss in an informative essay. You should do outside research and write an essay on the structure of the agency and it’s function
Answers
The Department of Homeland Security (DHS) oversees the movement of individuals and merchandise across the United States as well as the protection of the national frontiers.
What is the role of department of Homeland Security?To protect the United States from potential terrorist acts and some other natural calamities, the Department of Homeland Security (DHS) is in charge.
All DHS Units immediately report to the Office of the Secretary under DHS organizational structure. The Secretary and Deputy Secretary, this same Chief of Staff, the Counselors, alongside their separate staffs make up the Office of the Secretary. There is no Component to which this staff is attached.
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