Steven wants to buy ten acres of land and start an organic farm near his home. He does not think that he has time to write a business plan. Describe three potential consequences of NOT writing a business plan
What will be an ideal response?
Answers may include: If Steven does not write a business plan, then 1 ) he probably will not attract investors to help buy the land, equipment, etc., 2 ) the market research probably will not be complete and there would be missed opportunities for reaching different customers, and 3 ) he may not know how much revenue he needs to generate to cover his expenses and make a profit.
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Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1: $10,000 Year 2: 45,000 Year 3: 90,000 Determine the dividends in arrears for preferred stock for the second year
a. $25,000 b. $10,000 c. $0 d. $30,000
Wyfker Company and Mularkey Company have separate incomes of $38,500 and $42,500, respectively. They had intercompany purchases and sales of $15,000 and intercompany interest of $1,500 . Consolidated net income would be
a. $64,500. b. $81,000. c. $37,000. d. $23,500.
The organization that promotes improvement in quality worldwide is called the International Organization for Standardization
Indicate whether the statement is true or false
Most companies enter a market in stages. Which of the following is not listed in the textbook as a stage of market entry?
A. Manufacturing B. Exporting C. A website D. Establishment of a foreign sales company