Before buying a business, make sure to examine its past few years of financials records.
What does buying an existing business mean?Exactly what it sounds like, purchasing an existing company. Usually, the buyer gains complete control of the company. The biggest benefit is having a pre existing plan that can incorporate crucial elements like a developed client base, specified operating costs, and fully trained workers.
Why you should buy an existing business?There is less risk. Buying an established business is intrinsically less hazardous than establishing one from scratch because it already has goodwill, is operational, has clients and customers, personnel, systems, suppliers, financial history, a location or locations, and you might be able to convince the seller to finance it.
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At the beginning of the year, Trust estimates overhead to be $700,000, machine hours to be 200,000, and direct labor hours to be 35,000.
Based on the information provided, Trust has estimated its overhead for the year to be $700,000.
Additionally, Trust has estimated that it will use 200,000 machine hours and 35,000 direct labor hours during the year.
This information is likely being used by Trust to develop a predetermined overhead rate, which is used to allocate overhead costs to products or services based on their use of production resources. The predetermined overhead rate is calculated by dividing the estimated total overhead costs for the year by the estimated total amount of the allocation base, which in this case is either machine hours or direct labor hours.
For example, if Trust chooses to use machine hours as the allocation base, the predetermined overhead rate would be calculated as follows:
Predetermined overhead rate = Estimated total overhead costs for the year / Estimated total machine hours for the yearPredetermined overhead rate = $700,000 / 200,000 machine hours
Predetermined overhead rate = $3.50 per machine hour
Similarly, if Trust chooses to use direct labor hours as the allocation base, the predetermined overhead rate would be calculated as follows:
Predetermined overhead rate = Estimated total overhead costs for the year / Estimated total direct labor hours for the yearPredetermined overhead rate = $700,000 / 35,000 direct labor hours
Predetermined overhead rate = $20 per direct labor hour
Once the predetermined overhead rate is established, Trust can use it to allocate overhead costs to its products or services based on their use of machine or direct labor hours.
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In a short essay What are advantages and disadvantages of competition for buyers and sellers?
Answer:
Competition decreases your market share and shrinks your customer base, especially if demand for your products or services is limited from the start. A competitive market can also force you to lower your prices to stay competitive, decreasing your return on each item you produce and sell.
A customer needs to attach a
A. credit report
to a customer authorization form
How to find estimated cost of goods sold
what are some examples of fees that can be seen on a bank statement?
Many fees can be seen on a bank statement. Some of them include "Monthly Service Fees, Debit or ATM fees, etc."
Other types of fees that can be seen on the bank statement include the following:
Point of Sales fees (POS)
Annual fees
Check fees
Insufficient or Overdraft fees
Withdrawal fees
Stop payment fees
Over limit fees
Returned check fees
Third-party ATM fee, among others.
The purpose of a bank statement is to let the account owner knows what goes on in his accounts. It includes both the credit and debit fees.
Hence, in this case, it is concluded that several fees are recorded on the bank statements
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A company that sells frozen pizza to stores in four markets (cities A, B, C, and D) wants to examine the prices that the stores charge for pizza slices. To the right are boxplots comparing data from a sample of stores in each market. Complete parts a) and b). 354 3.0 25 20 a) Do prices appear to be the same in the four markets? Explain. A. No. Prices appear to be both lower on average and more variable in city A B. No. Prices appear to be both lower on average and less variable in city C OC. No. Prices appear to be both higher on average and more variable in city D. OD. Yes. Prices appear to be the same in the four markets. b) Does the presence of any outliers affect your overall conclusions about the prices in the four markets? No, the presence of outliers does not affect the overall conclusions Yes, the presence of outliers affects the overall conclusions.
a) Prices do not appear to be the same in the four markets. The given boxplots show that there is a significant difference in the prices of pizza slices between markets. Based on the plots, prices appear to be both lower on average and more variable in city A.
Prices appear to be both higher on average and more variable in city D, whereas prices seem to be both lower on average and less variable in city C.b) The presence of outliers affects the overall conclusions. Since outliers have a strong effect on the spread of the data and the variability of the prices, their presence makes it difficult to draw accurate conclusions about the data. Although they do not affect the median of the data, they can significantly influence the mean and standard deviation. As a result, the outliers must be removed to obtain a more accurate analysis of the data. Removing the outliers, in this case, would help to create a more precise analysis of the prices of pizza slices in each market. Therefore, the presence of outliers in this case affects the overall conclusions.
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In general, business writing should be _____.
Business writing is important in the business community. The writing style and material must be specific in order to elicit a meaningful reaction and be expressive in nature.
What is a company definition in a nutshell?
A business is described as a company or organisation that engages in commercial, industrial, or professional activity. Companies can be either for-profit or non-profit organisations. Limited liability firms, sole proprietorships, corporations, and partnerships are all examples of business structures. The introduction to the business plan provides a basic summary of the business plan, including a brief company description, aims and objectives, and the reason for launching the firm.
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Which Type of account is used to store money for longer periods of time and is more likely pay interest to the account holder?
O Checking Account
O Savings Account
Answer:
Saving account
Explanation:
A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs.
PLEASE MARK ME AS BRAINLIESTThe standards and principles used by society to define appropriate and inappropriate conduct in the workplace are referred to as business _______.
The standards and principles used by society to define appropriate and inappropriate conduct in the workplace are referred to as business ethics
The standards and principles used by society to define appropriate and inappropriate conduct in the workplace are referred to as business ethics. Business ethics encompasses the moral and ethical principles that guide the behavior and actions of individuals and organizations in a business context. These principles provide a framework for decision-making, setting expectations for how businesses should operate and interact with various stakeholders, including employees, customers, suppliers, shareholders, and the broader community. Business ethics involves a range of considerations, including honesty, integrity, fairness, respect for individuals, transparency, social responsibility, and environmental sustainability. It addresses issues such as conflicts of interest, bribery and corruption, discrimination, employee rights, product safety, environmental impact, and compliance with laws and regulations. Adhering to ethical standards in the workplace is important for maintaining trust, fostering positive relationships, mitigating risk, and contributing to long-term business success. It ensures that businesses operate in a manner that is not only legal but also morally and socially responsible.
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In a competitive market, a computer store offers customers a warranty to help pay for any future damages. This is an example of following a federal regulation. lowering prices for customers. reducing the risk for consumers. creating a new or better product.
Answer:
The answer is reducing the risks for customers.
Explanation:
Businesses in a competitive market do many things to outshine their competitors. One of such things is offering a warranty to help pay for future damages. A warranty is simply an assurance that the business would be willing to help if a customer experiences challenges from use of the product sold by the business outfit. The business would either get the product fixed or give a new one to the customer with no additional cost.
Customers/consumers love warranty because it gives them full assurance and sense of security. As such, any business which offers warranties on their products would be seen as prepared to help reduce the risk for consumers of ther products.
Answer:
C
Explanation:
amanda needs for a future project. she can invest now at an annual rate of , compounded monthly. assuming that no withdrawals are made, how long will it take for her to have enough money for her project?do not round any intermediate computations, and round your answer to the nearest hundredth.
To calculate how long it will take for Amanda to have enough money for her project, we need to use the formula for compound interest: A = P(1 + r/n)^(nt)
Where:
A = the sum that Amanda requires for her upcoming project
P = the amount Amanda invests now
r = the annual interest rate, expressed as a decimal
n = the annual rate of interest compounding
t = the number of years
How to find-
Expect Amanda needs $10,000 for her impending undertaking and can contribute $5,000 now at a 5% yearly financing cost accumulated month to month (n = 12).
The formula to be done to find t-
10,000 = 5,000(1 + 0.05/12)^(12t)
Divide both sides by 5,000:
2 = (1 + 0.05/12)^(12t)
Take the natural logarithm of both sides:
ln 2 = ln[(1 + 0.05/12)^(12t)]
Apply the power rule of logarithms:
ln 2 = 12t ln(1 + 0.05/12)
Using a calculator, we get:
t ≈ 10.29 years
Therefore, if Amanda invests $5,000 now at a 5% annual interest rate compounded monthly, it will take her approximately 10.29 years to accumulate sufficient funds for her future project.
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I can only put away $2,000 a year toward retirement. I am 25 and plan on retiring at 65 and earning 5%. How much will I have at retirement?
Answer: $241,600
Explanation:
As this amount is a constant amount, it is an annuity. To find out the total amount after a certain period of time, use the future value of annuity formula.
Future value of annuity = Amount * [ {( 1 + rate) ^number of periods - 1} / rate]
Number of periods = 65 - 25 = 40
Future value of annuity = 2,000 * [ {(1 + 5%)⁴⁰ - 1} / 5%]
= 241,599.54
= $241,600
Assume the cost object is units of production a. What is the total direct manufacturing cost incurred to make 21,500 units? b. What is the total indirect manufacturing cost incurred to make 21,500 units?
Labor and direct materials make up the majority of a manufacturing company's direct costs.
What do you meant by total direct and total indirect?
Direct costs include things like labor, materials, commissions, piece-rate pay, and manufacturing supplies. Salaries for production supervisors, expenses related to quality assurance, insurance, and depreciation are a few examples of indirect costs. Without exception, all direct expenses are included in the Total Direct Cost (TDC) base.
TDC Example: If a sponsor needs a 10% TDC indirect cost rate and the direct expenses total $100,000, the indirect costs would be computed as $100,000 x 0.10 = $10,000.
The total quantity of indirect costs is the outcome. In this case, indirect costs are equivalent to $80,000 minus $69,565 or $10,435. The term "indirect costs" refers to expenses that are frequently referred to as "overhead costs," such as rent and utility costs, as well as "general and administrative expenses," which include costs such as officers' salaries, expenses for the accounting department, and expenses for the personnel department.
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A company needs a way to convert 10 years of shipping records currently on paper into files that can be saved to its private cloud storage.
a. TRUE
b. FALSE
A company needs a way to convert 10 years of shipping records currently on paper into files that can be saved to its private cloud storage. The statement is False.
The company needs to first digitize the paper records before they can save them to their private cloud storage. They may need to use scanning or imaging software to do this.
Shipping documents are forms that are included with a shipment that specify the products being transported, their specifications, the customer, the mode of shipment, and the date the cargo was made. Bills of lading, packing lists, invoices, insurance documents, and air waybills are examples of shipping documents.
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When the demands from work and family domains are mutually incompatible, the result is _____.
When the demands from work and family domains are mutually incompatible, the main answer is role conflict. Role conflict can be defined as the challenge a person has when meeting the demands of incompatible roles.
It emerges when the expectations of two different positions conflict, leading to tension and indecision.There are various types of role conflicts that a person may experience. Some of these types include inter-role conflict, intra-role conflict, and person-role conflict.
Each type of conflict is dependent on the particular situation a person is dealing with. For instance, inter-role conflict emerges when the demands of one role conflict with the requirements of another, while intra-role conflict arises when the demands of a single role are incompatible.
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Determine whether each statement is true or false. You have one submission for each statement. (a) If demand is unitary when the unit price is p=$4, then revenue will decrease if the unit price is increased silghtly from $5. True false (b) If demand is unitary when the unit price is p=$4, then revenue will decrease if the unit price is increased slightly from $3. True False (c) Total revenue is decreasing when the demand is elastic and the price is increased slightly. True false (d) Total revenue is maximized at the equilbrium point. True false (e) Total revenue is increasing when the demand is inelastic and the price is increased shightly. True false (f) Total revenue is maximized when the detnand is unitary, True false
(a) False, (b) True, (c) False, (d) True, (e) False, (f) True. Demand refers to the desire and ability of consumers to purchase a specific product or service at various price points.
Demand refers to the desire and ability of consumers to purchase a specific product or service at various price points. It is influenced by factors such as price, income, consumer preferences, and market conditions. Demand is typically represented by a demand curve, which shows the quantity of a product consumers are willing and able to buy at different prices. The law of demand states that, ceteris paribus, as the price of a good or service increases, the quantity demanded decreases, and vice versa. Understanding demand is crucial for businesses to determine pricing strategies, forecast sales, and make informed decisions regarding production levels and market positioning.
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For each statement, (a) and (b) are false, (c), (d), and (f) are true, and (e) is false.
Explanation:The given statements regarding the economic concept of demand and utility can be categorised as -
(a) If demand is unitary when the unit price is p=$4, then revenue will decrease if the unit price is increased slightly from $5. False
(b) If demand is unitary when the unit price is p=$4, then revenue will decrease if the unit price is increased slightly from $3. False
(c) Total revenue is decreasing when the demand is elastic and the price is increased slightly. True
(d) Total revenue is maximized at the equilibrium point. True
(e) Total revenue is increasing when the demand is inelastic and the price is increased slightly. False
(f) Total revenue is maximized when the demand is unitary. True
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Danica is a sales professional who is assigned accounts after first sales are closed. Her job is to remain in contact with the customers, develop their business relationships, and look for new sales opportunities from the needs of those customers. Which type of sales professional is Danica?
Question 2 options:
missionary seller
technical seller
sales farmer
sales hunter
Danica is a technical seller.
What is a technical seller?
The Technical Sales Representative will act as a liaison between the company deals platoon and guests, furnishing information, service, conservation, and repairs related to bought equipment. As a specialized deals representative, it's important to have interpersonal chops, problem-working chops, product knowledge, the capability to accept rejection, and the capability to work with a deals platoon. Specialized deals directors have some of the loftiest paid specialized deals jobs; according to Payscale, these directors earned a normal of$,000 and a normal of$,150 in 2022, and educated professionals in this part earned a normal of roughly$,000. Specialized salesmen must ask questions in order to determine those requirements. For illustration, a computer salesman might ask what a client intends to do with the computer. However, the salesman knows that he should try to vend an important computer If the client plans to use the computer for videotape editing.
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Chef’s apron gas money food movies
Culinary knives car insurance electric bill dining out
Which label belongs over column D
Answer:I believe the answer is D. "want"
Explanation:
Answer:
cost
Explanation:
OJT is best for large groups.
True
False
which product exists in a monopolistically competitive market?
Numerous businesses provide competitive products or services that are similar but not exact substitutes. A monopolistic competitive market is present.
Clothing and hair salons are two examples of sectors with monopolistic competition. When businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has low entry requirements, and decisions made by any one firm do not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation.
Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings.
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Answer:
clothing
Explanation:
I learn today that monopolistically competitive is something with varity like cloths there are plenty of options
_______________ is the value of the best alternative given up when a choice is made.
Answer:
Opportunity costs
Hope it helps!
Brandon owes his brother $120. He has a stamp collection worth $1,250 and he has $300 in a bank account. He also has a skateboard worth $95.
Answer:
Complete the problem. What are you trying to solve for?
Explanation:
the u.s. unemployment rate moves up and down as the economy moves in and out of recessions. but over time, the unemployment rate seems to return to a range of ____________.
Answer:
A natural range of unemployment.
T/F a cat, also of weight wawaw a , falls asleep on top of block a. if block b is now set into downward motion, what is the magnitude of its acceleration? express your answer in terms of so
An acceleration's magnitude is only given by the length of the vector. Or, to put it another way, writing the magnitude of acceleration shows how rapidly velocity varies. The acceleration in the SI system is expressed in terms of meters per second square.
Let T be the rope's tension, assuming it has no mass.
T =( 2)a/g ------- 1
() - T = ()a/g ------- 2
Add 1 and 2
=(a/g)( 2+ )
a= g ()/( 2 + ).
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A person with a diversified investment portfobo has
Instead of placing all of their money into one investment, a person with a diversified investment portfolio has spread their money across a variety of various asset classes and securities.
Importance of diversified investment portfolioA person with a diversified investment portfolio has invested their money across a range of different asset classes and securities, rather than putting all of their money into a single investment. The idea behind diversification is to reduce risk by spreading investments across different categories, so that a loss in one area is offset by gains in others.
For example, a diversified investment portfolio may include a mix of stocks, bonds, real estate, and commodities such as gold or oil. Within each category, the investor may also hold a range of different securities, such as stocks from different industries or bonds with varying levels of risk.
By diversifying their investments, an investor can potentially reduce their exposure to risks such as market volatility, economic downturns, or company-specific issues. This approach can help to protect their investment portfolio from significant losses and can potentially increase returns over the long term.
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Critical reading is a
a Theory
b. Process
C. Summarization strategy
d. None of these
Please select the best answer from the choices provided
A
В
C
D
Answer:C
Explanation:
Answer:
The correct answer for this question is B
you have just made your first $2,500 contribution to your retirement account. assume you earn a return of10 percent and make no additional contributions
a. $400,897.66
b. $154,563.40
The computations are shown below:
We know that
Amount = Present value × (1 + rate)^number of years
a. So the amount for 45 years would be
= $5,500 × (1 + 0.10)^45
= $5,500 × 72.8904836851
= $400,897.66
b. The amount before 10 years means 45 years - 10 years = 35 years
= $5,500 × (1 + 0.10)^35
= $5,500 × 28.1024368481
= $154,563.40
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What is the term for a variety of activities designed to stimulate a trial or
purchase?
A. Sales promotion
B. Advertising
C. Public relations
D. Personal selling
Answer:
I think B.Advertising
Answer:
Sales Promotion
Explanation:
Just took the test.
cookiesamichael12345678
Answer: ?
Explanation:
Girl what does that mean, either you can count right or thats a username
Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.
Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.
What is a payment from a grant?A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.
Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.
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