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Based on your initial research, your answers to Assignment and any additional research required, you will create your Narrative Business Plan & Description. This document, at a minimum, must include: Problem 1. The name of your Business. Remember, your business name is the first component of your business identity. If possible, it should be something that has meaning, and will stand out in the mind of your customers (Microsoft, Taco Bell, Home Depot). Problem 2. A description of your business. What product or service will you sell? Where will it be located? Are you leasing retail space, or building your own building? How will you manage the business? Will you have employees, and if so, how many? Will this be a sole proprietorship, a corporation, a LLC? Why did you choose this business type? Problem 3. The reasons that you selected this business? Why does this business appeal to you? What experiences, skills and strengths will you bring to this business? What challenges will you face? How will you overcome these challenges? Problem 4. A description of your target market (customers) and how you plan to market your product or service to them. Who are they? How will you reach them? Where are they located? What about your business will appeal to them? Problem 5. A description of your competition. Who else provides your product or service? What makes your business different? Why will your customers choose you over the competition? How will you differentiate your business from the competition?
In both job and process costing, the journal entry to record predetermined overhead is? debit work in process and credit manufacturing overhead applied.
What are standard costs? Is a standard different from a budget? What happens if they are set too high or too low
What day of the month does it break even if it averages a paid occupancy percentage of 60%? Assume all 100 rooms are available for sale each day.
Evaluate the comment that 'traditional budgeting practices are constraint on creativity, and the time and energy spent on budget formulation
$82,000 increase in monthly sales. If the president is right, what will be the increase (decrease) in the company's monthly net operating income?
Smoke, Inc., had $11,000 cash on hand on April 1. Of its sales, 80 percent is in cash. Compute budgeted collections and payments for April
How cost flows differ depending on the type of business (use retail, service, and manufacturing for examples)? How do costs flow through the banking industry
Determine what are the individual ADRs for both single and double rooms for H hotel for the next year (assume that there are 365 days in a year)?
Total throughout has been calculated as £6,600 and total expenses are £5,700. Calculate the throughput accounting ratio
Prepare the statement of cash flows for Dux Company. Use the T-account method to assist in your analysis.
What were the labour variances for the month? Standard labour hours per unit of output- 8.3 hours. Standard labour rate- $12.10 per hour
How much overhead cost would be assigned to Product N79A using the company's activity-based costing system? Mouret Corporation uses the following activity rates
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