why should mary ann and nana create a business plan?

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Answer 1

One of the most important steps in beginning and operating a business is writing a business plan. It acts as a strategic instrument to direct choice-making, reduce risk, and increase chances of success.

A business plan is a strategic instrument for defining and clarifying the concept of the business as well as its main aims and objectives. It offers a methodical manner to describe what the company wants to accomplish and how it intends to do it.

In a business plan, Mary Ann and Nana describe the approaches they aim to take in order to realize their objectives. They can use it to plot out their necessary course, spot probable obstacles, and make backup plans.

The financial, human, and technological resources that the company will require to run successfully are listed in the business plan. This guarantees effective resource allocation and prevents wasteful spending.

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Related Questions

according to gaap which method should be used to record the acquisition of a fixed asset

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According to gaap, the method that can be utilized in recording the acquisition of a fixed asset is Cost method.

In GAAP , the one method that is notable and accurate in recording a fixed asset is the cost method.

The cost method can be regarded as method utilized in recording the acquisition cost of the fixed asset as well as the costs of bringing the fixed asset to the condition that is needed for it to be used as well as the required location.

Therefore, cost method helps in recording acquisition of a fixed asset .

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Sue worked 48 hours this week. Her rate of pay is $13.75 per hour. What is her gross pay?

Answers

Answer:

The answer is $660 because you will multiply 48 and 13.75

Explanation:

48*13.75=660

whats some work values for being a nail tech

Answers

Answer:

Explanation:

Flexible schedule. One of the main advantages of being a nail professional is that you can always work on a flexible schedule. Customer satisfaction. This is one arena in the beauty industry where you have the power to enhance the self-esteem of a person. Interactive field. As a nail technician you meet a number of people who are engrossed in the fashion industry apart from your customers. Lucrative field. A nail technician career is quite rewarding as the fashion industry is ever evolving with new designs, styles, colors, shapes and so forth.

PATIENCE WITH MANICURE CUSTOMERS!!

A successful nail technician has the patience to work diligently and pay close attention to the details. Your patience to thoroughly trim your clients’ nails, care for their cuticles, and apply polish will demonstrate your dedication.

CUSTOMER SERVICE!!

Every nail technician knows how to engage in conversation with their clients and provide them with high quality results.

Treat them to the level of service that they’d be proud to tell their friends and family about!!!

how much profit does a store owner make on a bar of chocolate?

Answers

Answer:

Explanation:

The large volume companies have a lower profit margin of around 8 to 10%, while boutique chocolatiers can enjoy margins between 55 to 75%. Your total profit for a year will depend entirely on the volume and type of product you produce and sell.

advantage of running your own shop by yourself and disadvantage of running your own shop?​

Answers

Advantages & Disadvantages of Owning Your Own Shop
Advantage: Financial Rewards. ...
Advantage: Lifestyle Independence. ...
Advantage: Personal Satisfaction and Growth. ...
Disadvantage: Financial Risk. ...
Disadvantage: Stress and Health Issues. ...
Disadvantage: Time Commitment.

Answer:

Explanation:

The good is you could make money and get other things you need but the bad is that you need to buy the supplies for the shop. there

withdrawn rs 1000 on a permanent basis out of capital.​

Answers

Answer:

withdraw a/c...........Dr           1000

         To cash a/c                           1000

Explanation:

What are common characteristics of less-educated workers that contribute to their having higher unemployment rates than workers with more education? Multiple select question. Working lower-skilled jobs Working jobs that are vulnerable to cyclical layoff Working jobs that are more permanent Having more time between jobs

Answers

Explanation:

but nobody question to only just right now multiple select question.

Answer:

Working lower-skilled jobs, having more time between jobs, and working jobs that are vulnerable to cyclical layoff.

Explanation:

If the incorporator makes a serious mistake in the process of incorporation the business, such as not filing the articles of incorporation with the secretary of state, the courts may still recognize the corporation as a(n) _______ corporation. Multiple Choice de facto executory implied de jure

Answers

A De facto corporation is a term used by courts to show the events in which a business organization that has failed in its effort to be a de jure corporation which is a corporation by law. but it will still be treated as a corporation. The courts may still recognize the corporation as a De facto corporation.

A De facto corporation is simply known as a type of corporation which is organized with beautiful compliance with the requirements of incorporation and allowed to stand and exercise the powers of a corporation until its existence is backed up by the State.

It shows that there is an extent of legal recognition of a corporation, even if its articles of incorporation may not have been filed correctly.

Conclusively, A De facto corporation is one where parties who tried to establish it must act in hope and must be running their business as a corporation.

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In her report about electric cars, Lavonda wants to use information to substantiate her theory that they are helping the environment. What would be the BEST source to cite?
- Exxon gas press release
- Elon Musk’s annual report
✅EPA air quality statistics
- Lavonda’s cousin who owns an electric car

Answers

Elon musks annual report. It makes the most sense.

what is the term for a group of project activities that are assigned to a single organizational unit?

Answers

Product-service bundling is adding Value-added services to a firm's product offerings to create more value for the customer.

HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Accounts can someone please give me the information or something for it or if u have already done it can you please give it to me.
the document has all the information.

Answers

Answer:

PLEASE DO YOU HAVE IT NOW I NEED IT ASAPP

Explanation:

please I need to graduate

companies with an online presence sometimes send direct mail to customers to advertise sales. the direct marketing association has a website where consumers can state their preferences for what types of mail they do and do not wish to receive. this is an example of ___.

Answers

Companies are companies

There are 12,000 people living in Toyland. Of these 12,000 people, 1,000 are either too old to work or too young to work. Of the remaining individuals, 5,000 are employed with full-time jobs; 4,000 are employed part time but wish to work full time; 1,000 are currently not working but are looking for work; and the remainder are discouraged workers. The unemployment rate in Toyland is _____, and the percentage of the population that are discouraged workers is _____.

Answers

Answer:

323

Explanation:

because why not just trust me

The unemployment rate in Toyland is 10per cent, and the percentage of the population that are discouraged workers is 23.3per cent. Hence, option D is appropriate.

What is the meaning of Unemployment?

When someone is actively looking for a job while also being able to work, they are said to be unemployed. It is crucial to remember that a person must be actively seeking paid employment in the labor force to be termed unemployed.

The OECD defines unemployment as those over a certain age who are currently available for work but are not currently employed or self-employed. The number of jobless persons as a percentage of the labor force is used to calculate the unemployment rate, which is used to calculate the level of unemployment.

Numerous factors originate from both the supply side, or just the worker, and the demand side, or the employer, that contribute to unemployment. High-interest rates, the world economy being in a recession, and the financial crisis might all affect demand. Frictional unemployment as well as structural employment are major supply-side contributors.

Hence, option D is correct.

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Full Question-

12,000 people are living in Toyland. Of these 12,000 people, 1,000 are either too old to work or too young to work. Of the remaining individuals, 5,000 are employed with full-time jobs; 3,000 are employed part-time but wish to work full-time; 1,000 are underemployed but working full-time jobs; 1,000 are currently not working but are looking for work; and the remainder are discouraged, workers. The unemployment rate in Toyland is _____, and the percentage of the population that are discouraged workers is _____.

a 15 percent; 23.3 percent

b 20 percent; 9.1 percent

c 10 percent; 9.1 percent

d 10 percent; 23.3 percent

3. How do the ultra rich use charitable giving to make sure they pay less taxes?

Answers

Because when you donate to a charity it will not be taxed so you can put your money somewhere without it being taxed with it going somewhere good

Consider the following information: Budgeted indirect cost $2,000 Budgeted production units 800 Budgeted direct manufacturing labor hours 500 Budgeted customer orders 400 Actual number of setups 1,000 Using broad averaging, what is the budgeted indirect-cost rate per direct manufacturing labor-hour

Answers

The budgeted indirect cost rate is $4.00 per direct manufacturing labor-hour.

Data and Calculations:

Budgeted indirect cost for the period = $2,000

Budgeted production units for the period = 800 units

Budgeted direct manufacturing labor hours = 500 hours

Budgeted customer orders for the period = 400 orders

Actual number of setups = 1,000 setups

Therefore, the budgeted indirect cost rate per direct manufacturing labor-hour = Budgeted indirect cost divided by the budgeted direct manufacturing labor hours.

= $4 ($2,000/500)

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housing prices boomed from 2002 to 2006, fueling the market for subprime mortgages and forming an asset-price bubble. housing prices began declining in 2006, falling by more than 30%, which led to defaults by subprime mortgage holders.

Answers

Answer:

A

Explanation:

I belive the answer is A due to like ballon loans or smth like that if its wrong lmk!

the erie canal connected industry and consumers in the east with what group?

Answers

The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.

The Erie Canal:

Was completed in 1825Connected New York City and the Great Lakes Allowed for goods to be shipped to and from the New York to the Great Lakes

The Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.

In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.

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Options for this question include:

a. Southern planters

b. Canadian fur traders

c. Midwestern farmers

d. New England fishers

Consider a simple economy that produces only pies. The following table contains information on the economy's money supply, velocity of money, price level, and output. For example, in 2019, the money supply was $360, the price of a pie was $9.00, and the economy produced 800 pies.

Answers

The velocity of money in 2019 based on the information will be 20 and the nominal GDP is $7200.

From the complete information, the velocity will be calculated thus:

= Price level × Quantity / Quantity of money

= (9 × 800) / 360.

= 20

The nominal GDP will be:

= Price level × Quantity

= 9 × $800

= $7200

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hilton’s vp of talent & inclusion mentioned that the company participates in on-campus recruiting. this is an example of what type of recruiting?

Answers

Answer:

hiring from within

Explanation:

The company looks for internal candidates that exhibit leadership skills and qualities. This type of practice motivates employees and shows there is an opportunity for growth from within the company.

the manager at creative minds inc. is distressed that employee absenteeism increased by 16% in the past year. how would you recommend the manager respond to this inside force?

Answers

I will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.

Today, the artificial intelligence is a modern technology which performs the function of employees more efficiently and effectively.

The artificial intelligence such as software package that perform a work process automatically does not makes mistakes and does not appear absent as place of work.

Therefore, i will recommend that the manager identify the frequently absent employees and replace them with artificial intelligence.

The option includes "a. Evaluate the HR practices to ensure they are generating the behaviors needed to accomplish strategic goals. b. Identify the frequently absent employees, and replace them with artificial intelligence c. Remind employees about how Creative Minds is genuinely connected to supporting youth art programs. d. Demonstrate how the firm is committed to simultaneously tackling global social issues and maximizing shareholder wealth."

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Answer:

Identify the frequently absent employees, and replace them with artificial intelligence.

Explanation:

why economic environment is important?

Answers

Answer:

The economic environment consists of external factors in a business market and the broader economy that can influence a business. You can divide the economic environment into the microeconomic environment, which affects business decision making - such as individual actions of firms and consumers - and the macroeconomic environment, which affects an entire economy and all of its participants. Many economic factors act as external constraints on your business, which means that you have little, if any, control over them. 

" i took it from my book, nvm "

Explanation:

brainliest plz

do you have to pay taxes twice on 401k withdrawals?

Answers

Maybe it could be 402 or 403

PLEASE HELP MEE 50 Pts

Question: What are the local, state, and federal taxes for a healthcare business?

Answers

Answer:

?????.. ?????????????

how to make money online without paying anything 2020

Answers

Answer:

you could sell stuff online for no cost.

Explanation:

Ned Douglas owns Ned’s Blankets. Ned asks you to explain how he should treat the following reconciling items when reconciling the company’s bank account.Outstanding checks.select an explanationDeduct from balance per bank2.A deposit in transit.select an explanationAdd to balance per bank3.The bank charged to our account a check written by another company.select an explanationAdd to balance per bank4.A debit memorandum for a bank service charge.

Answers

In accounting, the purpose of reconciliation is to compare two sets of records for correction and make sure they are in agreement.

Here, Ned have some items which needed to be reconciled with the company’s bank account.

For "the Outstanding checks", he should deduct the amount from balance per bank For "a deposit in transit", he should add to balance per bankFor "the bank charged to our account a check written by another company", he should add to balance per bank and notify the bank of its error. For "a debit memorandum for bank service charge", he should deduct from balance per books.

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Research simply involves reading about a subject.
- True
✅False

Answers

Answer:

Its false

Explanation:

you got it right

donovan company projects sales for the year 2019 to be $32,000,000. for the past 5 years, donovan’s gross profit margin has averaged 45%. what amount should donovan company project for gross profit for 2019?

Answers

Answer:

$17,600,000 I took this test and this is it!

when a market allocation of resources maximizes the total surplus received by all members of society we say there is

Answers

Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.

Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.

Therefore, When there is  an economy efficiency,  there would be maximization of total surplus.

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separation of duties is important for internal control of

Answers

Answer:

Explanation:

Both cash payments and cash receipts.

Delectable, Inc.'s unadjusted trial balance includes Accounts Receivable of $10,000; Allowance for Doubtful Accounts of $50 credit balance; and Sales Revenue of $100,000 (all on credit). Management estimates that 2% of credit sales will be uncollectible. Delectable's financial statements will show ______. (Check all that apply.)

Answers

Delectable's financial statements will show Allowance for Doubtful Accounts of $1,000 on balance sheet and Bad debts expense of $950 on Income statement

Here, we are to determine the records of bad debts expenses on Income statement and Allowance for doubtful accounts on Balance sheet.

Bad debts expense = Estimated bad debts - credit balance in allowance account

Bad debts expense = $1,000 - $50

Bad debts expense = $950

                            Journal Entry

General journal                                  Debit   Credit

Bad debts expense                            $950

Allowance for Doubtful accounts                   $950

(Bad debts expense recorded)

The allowance for doubtful account will be $1,000. ($950+$10) because the Allowance for Doubtful Accounts had $50 credit balance.

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