If CJ11 is discontinued, Brighton Company's operating income would decrease by $162,000. If Brighton Company decides to drop CJ11, the impact on operating income would be a change in both the revenue and cost components.
Currently, CJ11 contributes $192,000 to the sales revenue and incurs $144,000 in cost of goods sold, resulting in a gross margin of $48,000.
Selling expenses for CJ11 amount to $40,000, leaving CJ11 with an operating income of $8,000.
If CJ11 is discontinued, the entire sales revenue and related variable selling expenses ($3 per unit) of CJ11 will be eliminated.
The impact on operating income due to the change in revenue and variable selling expenses will be as follows:
Change in Revenue:
Sales Revenue: $192,000 (CJ11's current revenue) - $0 (if discontinued) = $192,000 decrease
Change in Variable Selling Expenses:
Variable Selling Expenses: $3 (per unit for CJ11) * 8,000 (units sold) = $24,000
Therefore, the impact on operating income due to the change in revenue and variable selling expenses would be:
Operating Income Impact = Change in Revenue - Change in Variable Selling Expenses
Operating Income Impact = $192,000 decrease - $24,000 decrease
Operating Income Impact = $168,000 decrease
Now, Brighton is also considering a proposal to drop CJ11, which would decrease the company's fixed manufacturing costs by 25%.
The fixed manufacturing costs for CJ11 are $3 per unit, so if CJ11 is discontinued, the reduction in fixed manufacturing costs would be:
Reduction in Fixed Manufacturing Costs = $3 (per unit) * 8,000 (units sold) * 25% (reduction percentage)
Reduction in Fixed Manufacturing Costs = $6,000
Therefore, the total impact on operating income due to the discontinuation of CJ11 would be the combined effect of the changes in revenue, variable selling expenses, and reduction in fixed manufacturing costs:
Total Impact on Operating Income = Operating Income Impact - Reduction in Fixed Manufacturing Costs
Total Impact on Operating Income = ($168,000 decrease) - ($6,000 reduction)
Total Impact on Operating Income = $162,000 decrease.
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Company Z understands that their business is at risk. How can they use step two in the Decision-Making Process to reach their end goal of increasing sales and customer satisfaction?
Answer:
I have no clue
Explanation:
I need to answer something bc I'm new sorry
Answer:
Company Z can list the options on how to increase sales and make their business profit again. Some available options that can be listed are responding quickly to customer concerns instead of making them wait a long time, finding a way to have better parking, and to lower their overall prices when selling their products to customers.
Explanation:
For part a you are supposed to state what problems Company Z are having with their company, and if you look at the five steps, the next step for part b is to list some solutions to fix these problems. I hope this helps clarify part b a little bit!
The five steps are:
State the problem
List the options
Determine the pros and cons
Choose the best option
Evaluate the decision/choice
Hahn Engineering is planning on bidding on a job and often competes against a major competitor, Sweigart and Associates (S&A), as well as other firms. Historically, S&A has bid for the same jobs 80% of the time; thus the probability that S&A will bid on this job is 0.80. If S&A bids on a job, the probability that Hahn Engineering will win it is 0.30. If S&A does not bid on a job, the probability that Hahn will win the bid is 0.60. (a) Find the probability that Hahn Engineering will win the bid. (b) If they do, what is the probability that S&A did bid on it. Please use Excel to solve
The probability that Hahn Engineering will win the bid, given that Sweigart and Associates (S&A) bid on it is as follows:0.30, as per the given statementTherefore, Hahn Engineering will win the bid if S&A bids on it.
1-The probability that Hahn will win the bid if S&A does not bid on it is given as 0.60.The probability that S&A will bid on the job is given as 0.80.
2-Therefore, the probability that S&A will not bid on the job is 1 - 0.80 = 0.20.Hence, the probability that Hahn Engineering will win the bid is calculated by using the law of total probability.
3-It can be given as follows:P (Hahn will win the bid) = P (Hahn will win the bid | S&A bid on the job) × P (S&A bid on the job) + P (Hahn will win the bid | S&A did not bid on the job) × P (S&A did not bid on the job)Now, substituting the values in the above formula:P (Hahn will win the bid) = 0.30 × 0.80 + 0.60 × 0.20P (Hahn will win the bid) = 0.24 + 0.12P (Hahn will win the bid) = 0.36
4-Therefore, the probability that Hahn Engineering will win the bid is 0.36.(b)The probability that S&A bid on the job, given that Hahn Engineering will win the bid can be calculated using Bayes' theorem.
5-The formula for Bayes' theorem is as follows:P (A|B) = P (B|A) × P (A) / P (B)Here, the probability that S&A bid on the job given that Hahn Engineering won the bid is P (S&A bid on the job | Hahn Engineering will win the bid).
6-The probability that Hahn Engineering will win the bid is 0.36. The probability that S&A bid on the job is 0.80 × 0.36 = 0.288.
7-Therefore, the probability that S&A did not bid on the job is 0.64. Also, the probability that Hahn Engineering will win the bid given that S&A did not bid on the job is 0.60.
8-Now, substituting these values in the above Bayes' formula, we get:P (S&A bid on the job | Hahn Engineering will win the bid) = 0.30 × 0.80 / 0.36P (S&A bid on the job | Hahn Engineering will win the bid) = 0.67
Therefore, the probability that S&A did bid on the job given that Hahn Engineering will win the bid is 0.67.
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The main goal of inventory management is group of answer choices minimize costs while meeting demand increase demand to keep up with inventory keep enough inventory in the pipeline balance the amount of certain and uncertain demand.
Inventory management's key objective is to strike a balance between demand that is definite and uncertain.
All the commodities, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. For instance, if a newspaper vendor uses a vehicle to deliver newspapers to customers, just the newspaper will be considered inventory.
Small businesses need inventory management because it helps them manage many locations, avoid stockouts, and maintain correct records. As opposed to attempting to complete them all manually, an inventory system makes these operations simpler.
Keeping precise track of your inventory is essential for inventory management. How many objects you have is always known.
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this element clarifies the boundaries of the report, defining what was included and excluded. scope definitions of key terms problem or purp
The element that clarifies the boundaries of the report is the scope. The scope defines what was included and excluded in the report, and helps to establish the limits of the study.
This can include definitions of key terms, as well as an explanation of the problem or purpose of the report. By clearly defining the scope, the report can ensure that it is focused and relevant to the intended audience.
In a general sense, scope means"'the extent of the area or subject matter that something deals with" (The Oxford Dictionary of English). The scope of a report, therefore, shows what it includes and excludes. It outlines the aims and limitations of the report.
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journal entry for depreciation paid
Answer:
Depreciation is a non-cash expense which means that it is not actually paid for. It is however considered an expense which reduces the value of fixed assets as the years go by.
Journal entry for depreciation is:
Date Account title Debit Credit
XX-XX-XXX Depreciation Expense XXXX
Accumulated Depreciation XXXXX
The Depreciation expense for the year is debited to the Depreciation expense account and deducted from income in the income statement.
The amount is then credited to an Accumulated depreciation account which shows total depreciation since the asset was acquired. This goes to the balance sheet and reduces the value of fixed assets.
Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
You are planning an upcoming trip to namibia for a service project. The research on facial expressions and emotion would suggest you should.
You are arranging a trip across Namibia for a charitable endeavor. You should presume that you are correctly interpreting the Nambian people's facial expressions, according to research regarding facial expressions and emotion.
What is defined as facial expressions and emotion?Animals like humans and several others have exceptional facial muscle control. Face expressions like emotion are structured facial muscle movements that reflect the affective emotions experienced internally.
It is obvious that efficient social interaction depends on communication. Humans can speak to one another orally, but they can also express themselves nonverbally by using body language including facial expressions.Our bodies and minds appear programmed for facial display of emotion, which is a crucial component of communication. Given the significance of emotional expression in communication, one would hypothesize that emotional expressions are culturally universal, meaning that people from all cultures exhibit the same facial expressions when feeling the same kinds of emotions.Thus, if you are planning to go throughout Namibia to support a good cause. According to studies on facial expressions and emotion, you should assume that you are accurately understanding the facial expressions of the Nambian people.
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Which journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August?
A. Inventory Cr 1,000
B. Inventory Dr 1,000
C. Cash Dr 1,000
D. Cash Cr 1,000
Journal entry would be made by an accountant for a business for a $1,000 purchase of inventory on 1-August Inventory Dr 1,000. Option B
What is a journal entry?Generally, The act of maintaining or creating records of any transactions, whether economic or non-commercial in nature, is referred to as an entry in a journal.
An accounting journal is a record kept by an organization that details the transactions that have taken place and display the debit and credit balances. The entry in the journal may include multiple recordings, each of which may be either a debit or a credit depending on the circumstance.
Each entry in the journal provides information that is pertinent to a single transaction made by a company.
This information includes the date, the amount that will be credited and debited, a short description of the transaction, and the accounts that will be impacted.
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The presentation recommends updating and modifying your budget how often?
The presentation recommends updating and modifying your budget on a regular basis, typically at least once a month.
What is presentation?Presentation is the act of presenting something to an audience. It could be a speech, a product demonstration, or a visual aid. Presentations are typically used to inform, explain, persuade, and/or entertain. They often involve visuals such as slides, charts, graphs, pictures, and videos. Presentations can also be used to teach, illustrate a concept, or to demonstrate a process. Presentations can take place in a variety of settings, such as a classroom, boardroom, or auditorium.]
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Choose the false statement about the Building and Personal Property Coverage Form. A Personal property owned and used to service the building is included in the building coverage B Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage C Personal property of others that is in the insured's care, custody, and control is automatically included up to $2,500 under coverage extensions D Building Coverage includes the building structure, completed additions, permanently installed fixtures, machinery and equipment
Answer: Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage
Explanation:
The false statement about the Building and Personal Property Coverage Form is that "Tenant's improvements that are not legally removable are included in the Personal Property of Others Coverage"
The above is incorrect. This is because the Tenants Improvements and Betterments are not covered under the
Personal Property of Others Coverage but rather, they are covered in the Business Personal Property.
Why are natural monopolies allowed to exist?
Natural monopolies are allowed when a single company can supply a product or service at a lower cost than any potential competitor, and at a volume that can service an entire market. ... Since it's economically sensible to have utilities operate as natural monopolies, governments allow them to exist.
Will cash bonuses speed the return to work of unemployed people? A state department of employment security notes that last year 68% of people who filed claims for unemployment insurance found a new job within 15 weeks. As an experiment, the state offers $500 to people filing unemployment claims if they find a job within 15 weeks. The percent who do so increases to 77%.
Answer:
Apparently handing out a cash incentive for getting a job when you are unemployed really works. A 9% increase in the number of unemployed people getting a new job is significant.
But this hypothesis has a flaw. Is there any way that you can tell if people quit on purpose just to be able to file for unemployment and get the cash bonus? Unemployment benefits vary a lot depending on the state, but the national average is $378 per week. If you multiply that by 4¹/₂ weeks per month = $1,701 (roughly). It is not a fortune, but its not that bad either.
If we add the extra $500 cash bonus to the total unemployment benefits, in 15 weeks a person could earn $500 + (15 x $378) = $6,170 for not working.
It doesn't make sense for someone earning a high salary to quit just to get unemployment benefits, but being unemployed pays you $6,170 / (15 x 40 hours) = $10.28 per hour and that is more than the minimum wage.
What is the W-4 form used for?
filing taxes with the federal government
determining the amount of money an employee has paid out in taxes
calculating how much tax should be withheld from a person's paycheck
calculating how much income was paid in the previous year
Answer:
C. calculating how much tax should be withheld from a person's paycheck
Explanation:
In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-4 Form to all their employees, so as to enable these employees fill out how much income tax is to be withheld from their respective paycheck in relation to their filing status.
Hence, a W-4 form is used for calculating how much tax should be withheld from a person's paycheck and submitted to the internal revenue service (IRS).
Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.
Answer:
its c
Explanation:
just took the unit test on edge
Because you greatly dislike a commute that is longer than ten minutes you must find a job that is close to where you live. What is a short commute an example of?.
Short commute is an example of a need. Anything a person needs or wants is a need. Here, a quick commute is a must, and finding a job close by is the objective.
What is Short commute?Short commutes, especially those that may be completed on foot or by bicycle, motivate workers to move more. They won't arrive at work feeling lethargic following a lengthy journey, but rather energised from the rush of endorphins they produced while exercising on the way.This will encourage overall better health and stop the development of conditions like high blood pressure or back discomfort. Additionally, a shorter commute gives you just enough time to forget about your job issues and get energized for the remainder of the day. The majority of people prefer that their commute not be excessively long or short.Learn more about commute here:
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Type the correct answer in the box. Spell all words correctly. Rachel initiated the practice of company visits as part of reaching out to her company’s loyal customers . She set up a campaign that invited people to send in their experiences with her company’s product. Everyone who sent in their experiences would win a chance to visit the company and learn about the processes involved in the making of the product. Which CSR concept has Rachel displayed here?
Rachel has displayed the concept ____of CSR.
Answer:
uhhh good luck u got this
Explanation:
Answer:
The answer is: Transparency
Explanation:
I got it right on Edmentum.
Two mortgages options are available: a 15-year fixed rate loan at 6% with no discount points, and a 15-year fixed rate loan at 5.75% with 1discount point. Assuming you will not pay off the loan early, which alternative is best for you? Assume a $100,000 mortgage.
The best option for you is option 2 which has a monthly payment of $832.56.
Two mortgage options are available as mentioned below:
Option 1: A 15-year fixed rate loan at 6% with no discount points.
Option 2: A 15-year fixed rate loan at 5.75% with 1 discount point.
Assuming that you will not pay off the loan early, the best option for you would be Option 2.
Let's compare both options using the below calculation:
Option 1: 15-year fixed rate loan at 6% with no discount points. Monthly payments are calculated using the formula:
Payment = P × r / (1 - (1 + r)⁻ⁿ)
Where,P = Loan amount = $100,000
r = Rate of interest per year / 12 = 6% / 12 = 0.5%
n = Total number of payments = 15 × 12 = 180
Payment = 100,000 × 0.5 / (1 - (1 + 0.5)⁻¹⁸⁰) = $843.86
Option 2: 15-year fixed rate loan at 5.75% with 1 discount point. Monthly payments are calculated using the formula:
Payment = P × r / (1 - (1 + r)⁻ⁿ)
Where,P = Loan amount = $100,000 - $1000 (discount points) = $99,000
r = Rate of interest per year / 12 = 5.75% / 12 = 0.4792%
n = Total number of payments = 15 × 12 = 180
Payment = 99,000 × 0.4792 / (1 - (1 + 0.4792)⁻¹⁸⁰) = $832.56
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Laurence contributed $4,385 at the end of every 6 months to an RRSP fund earning 8.55% compounded semi-annually for 15 years. a. What was the future value of the fund at the end of the term? Round to the nearest cent b. What was the amount of interest earned over this period? Round to the nearest cent
To solve this problem, we can use the future value of an ordinary annuity formula
. a. Calculate the future value of the fund at the end of the term:
FV = $4,385 * [(1 + 0.0855/2)^(2*15) - 1] / (0.0855/2)
b. Calculate the amount of interest earned over this period:Interest earned = FV - (P * n)
a. Calculate the future value of the fund at the end of the term:
Let's assume the size of the periodic deposits is P.
Using the future value of an ordinary annuity formula:
FV = P * [(1 + r)^n - 1] / r
Where:
FV = Future value (the accumulated amount at the end of the term)
r = Semi-annual interest rate
n = Number of deposits (semi-annual periods in 15 years)
We are given that Laurence contributed $4,385 at the end of every 6 months for 15 years, and the fund earned 8.55% compounded semi-annually. Plugging in the values, we have:
P = $4,385
r = 0.0855/2
n = 2 * 15
Now we can calculate the future value (FV) of the fund:
FV = $4,385 * [(1 + 0.0855/2)^(2*15) - 1] / (0.0855/2)
Calculate FV to find the future value of the fund at the end of the term.
b. Calculate the amount of interest earned over this period:
The amount of interest earned is the difference between the future value of the fund and the total amount contributed.
Interest earned = FV - (P * n)
Calculate the interest earned to find the amount of interest earned over this period.
Round both the future value of the fund and the amount of interest earned to the nearest cent.
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mc qu. 74 several years ago, deepak started his own heating and ... several years ago, deepak started his own heating and cooling business. as his business grew, deepak noticed that his traditional structure was becoming difficult to coordinate, making communication difficult and decision making slow. he decided to restructure his business, organizing his departments into six larger groups: heating repairs, heating sales, heating installation, air-conditioning repairs, air-conditioning sales, and air-conditioning installation. what type of structure has russ adopted?
Deepak has adopted a functional organizational structure. This structure groups employees by their specific functions or areas of expertise, such as heating repairs, sales, or installation, as well as air conditioning repairs, sales, or installation.
This allows for a more efficient division of labor and specialization, with each department focusing on its respective tasks. It also promotes communication and coordination within each department, which can lead to quicker decision-making and more effective problem-solving. This type of structure is often used in larger organizations where a high degree of specialization is required to efficiently manage complex operations.
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Please answers these two question
1. Punishing criminals as a form of justice is a method of: Group of answer choices a. Retribution b. General intent c. Specific intent d. Rehabilitation e. None of the above
2. Which of the following states of mind constitutes an unintentional tort? Group of answer choices a. Purposeful b. Knowing c. Reckless d. Regulatory e. Negligent
1. Punishing criminals as a form of justice is a method of retribution. The purpose of retribution is to provide punishment to those who have violated society's laws and rules. It is considered a moralistic and rational justification for punishment.
Retribution is seen as just and fair as it is directed to the individual who has violated societal norms. It considers the criminal's conduct and metes out an appropriate penalty for the crime committed.
2. The state of mind that constitutes an unintentional tort is negligent. Negligence is a legal theory often used in personal injury cases where an individual or entity is responsible for another person's injuries or damages. It refers to a failure to act with the level of care and caution that a reasonable person would have exercised under similar circumstances. Negligence can result in injury, property damage, or financial loss.
Examples of unintentional torts include slip and fall accidents, car accidents, and medical malpractice. In conclusion, punishing criminals as a form of justice is a method of retribution, and the state of mind that constitutes an unintentional tort is negligence.
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Why do you think economists have different belief systems/theories on economics?
Answer:The principal disagreement among economists is a matter of economic philosophy. There are two major schools of economic thought: Keynesian economics and free-market, or laissez-faire, economics.
Keynesian economists, named after John Maynard Keynes, who first formulated these ideas into an all-encompassing economic theory in the 1930s, believe that a well-functioning and flourishing economy may be created with a combination of the private sector and government help.
By government help, Keynes meant an active monetary and fiscal policy, which works to control the money supply and adjust Federal Reserve interest rates in accordance with changing economic conditions.
By contrast, the free-market economists advocate a government "hands-off" policy, rejecting the theory that government intervention in the economy is beneficial. Free-market economists—and there are many distinguished advocates of this theory, including Nobel Memorial Prize winner Milton Friedman—prefer to let the marketplace sort out any economic problems. That would mean no government bailouts, no government subsidies of business, no government spending explicitly designed to stimulate the economy, and no other efforts by the government to help what the economists believe is the ability of a free economy to regulate itself.
Explanation:
Which of the following is a disadvantage of recruiting current employees?
Sometimes viewed as unethical
O Limits opportunities for bringing new ideas to a company
O Training could be more extensive and costly
O Requires frequent updates of job openings
Answer:
O Limits opportunities for bringing new ideas to a company
Explanation:
Recruiting current employees is the sourcing of new workers from the current workforce. It is also known as internal recruitment. Recruiting of current employees contrasts with external recruitments where a business advertises for vacant positions to the general public.
Recruiting from internal sources denies the business an opportunity to get workers with different experiences. External workers bring new ideas and new experiences to a business.
give 5 numbers smaller than -2 and 5 numbers bigger than -2
Alpha can produce either 18 oranges or 9 apples an hour, while Beta can produce either 16 oranges or 4 apples an hour. Which of the following statements is true? Alpha should export to Beta, but Beta should not export to Alpha. Since Alpha has an absolute advantage in both goods, no mutual gains from trade are possible. If Alpha specializes in growing oranges and Beta specializes in growing apples, they could both gain by specialization and trade. If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.
Answer:
If Alpha specializes in growing apples and Beta specializes in growing oranges, they could both gain by specialization and trade.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country should specialise in the production of goods for which it has a comparative advantage
Alpha
Opportunity cost in producing oranges = 9/18 = 0.5 apples
Opportunity cost in producing applies = 18/9 = 2 oranges
Beta
Opportunity cost in producing oranges = 4 / 16 = 0.25
Opportunity cost in producing applies = 16/4 = 4 oranges
Alpha has an opportunity cost in the production of apples while beta has a comparative advantage in the production of oranges
Alpha should specialise in the production of apples
Beta should specialise in the production of oranges
whats Alana current budget is and create a proposed budget so that she can achieve her savings goals (10 marks - TI). Assume that Alana makes $530 a month. Be sure to:
· calculate her budget surplus OR deficit is (current and proposed)
Answer:G tyyyy jhccfvvhh
Explanation:
Hjhdfuiijjhfcdrg g
When many passengers are flying from the United States to any country in Europe they have choices to make. Why do you think flying a Business class is more elastic that flying an economy coach in the same aircraft? Please respond with your answer in about 2 paragraphs.
The business class is more elastic because they pay more for this service hence they get better and a wider range of services.
What is the elasticity of demand?This is a term in economics that is used to refer the responsiveness that demand may have with price.
People in the business class would have to be treated in a more lavish way compared to the economy class because they paid more in order to get this extra service.
The good service that the consumers or customers of airlines are expected to get on the business class is the reason why they choose this option while using the aircrafts although it is more expensive.
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Why do consumer advocates advise against using alternative financial services?.
Consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
What is a financial service?It should be noted that a financial service simply means a wide range of activities such as banking, insurance and investing.
In this case, consumer advocates advise against using alternative financial services because of the high cost that's associated with the loans and other services.
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• Bank #1 • Bank name • Bank website address • Interest rate for CD, 6 months D • Interest rate for CD, 12 months . Interest rate for savings account . how do I do this?
ordinary kriging method assume that
What is a swot anaylasis
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
mark brainliest
Does anyone know how to start your own business as a teen? I am trying to start my own beauty business, with face products etc. Also I need name ideas one of that I was thinking of was Natural Beauty. Since I am going to be selling all natural products
Answer:
i'm no expert but, i think first start out with ideas of the business u wanna do and keep adding on to those ideas you already have and find a business idea you know you can invest in and stick to that business so you can make money you want and supply the products people want and need so, that your making money to help yourself out in life and their getting supplies that are good and don't have harsh chemicals so, it doesn't result in you losing money. Also Natural Beauty is a good name but, i think you might like these three name ideas but, if not its okay go with the name you want since it's your business. Here are the name ideas Natural Essentials, Clear Beauty, or Organic Beauty Essentials.
Answer:
Many small business owners decide to set up an LLC for the liability protection it provides. An LLC, or limited liability company, exists separately from its owners (known as members), and the owners are therefore not personally responsible for business debts.Most states don’t allow two different business entities to have the same name. So you can’t, for example, have “Joe’s Donuts, LLC” and “Joe’s Donuts, Inc.,” even if they’re located in different cities. Many states also restrict companies from using certain words in their names, such as “bank.” If the LLC name you’ve selected is available, but you aren’t going to be filing your LLC documents right away, you may want to reserve the name. Nearly every state allows you to reserve a name by filing a form and paying a name reservation fee. The length of the reservation period, filing fees, and renewal policies vary from state to state.Almost every state requires its LLCs to name a registered agent (also sometimes called a statutory agent). A registered agent is a person who agrees to receive lawsuits, subpoenas and other official documents on behalf of the LLC and to pass them along to the appropriate person at the LLC.An LLC operating agreement is the roadmap that describes how your LLC will be run. It specifies such things as the ownership interests and voting rights of the members, how profits and losses will be allocated, how meetings will be held, how the business will be governed, the rights of the members if one of them dies or leaves the business, and the way the company will be dissolved if it goes out of business.Each state has its own form and procedure for establishing an LLC. In general, you must file articles of organization that list.After the LLC’s formation documents are filed and approved, the state will issue a certificate or other document that confirms that your LLC formally exists. Once you’ve received the certificate, you can take care of business matters like obtaining a tax ID number and business licenses and setting up a business bank account. Explanation:If your LLC does business in more than one state, you may need to register to do business in other states. To do this, you’ll need to fill out and submit paperwork that’s similar to the paperwork you filed when you formed your LLC. You’ll also need a registered agent in each state where you are authorized to do business.