What was Brady Brothers cash basis income? Cash basis income: $6,000 (cash received) - $5,000 (cash paid) = Answer: $1,000 Question 3: What was Brady Brothers accrual basis income? Accrual basis income: $12,000 (revenue earned) - $8,000 (expenses incurred) = Answer: $4,000 Question 4: Anderson Company’s balance sheet at the end of the year revealed the following information: Clients owe Anderson Company $35,300 for completed projects. Anderson Company owns office equipment totaling $95,500. Anderson Company owns $5,000 of material used on various client projects.
M2: assess how own website design contributes to fulfilling the organisation’s purpose through meeting the requirements of the target audience. D2: make justified recommendations for how a website design and launch plan could be improved The requirements of the target audience would include the ability of viewing the product online, receiving its full information and being able to electronically purchase it by the use of their credit/debit cards. My target market would most likely expect certain style of clothes to be sold on the website (street fashion) as well as a specific design for the website, as it focuses on selling urban clothing. My organisation (The Lost Society) purpose was to create a brand which will compete with brands like Topman or River Island, as well as to maximise sales and generate as much profit as possible, which could be then invested into the development of retail stores. The actual website contributes to fulfilling my business’ purpose by achieving what the target audience are expecting of the website.
It is beneficial for entrepreneurs to think more along the lines of all product and service aspects instead of in silos and just thinking about producing “products” alone or “services.” That concept is imperative for entrepreneurs to understand as customer service can be added as an additional component as well to a physical product. That will make the product more attractive. Developments in technology related to current products allow for room for new service concepts to grow, which is
They coined the term “inbound marketing” to describe marketing strategies that pulled in prospective customers through the use of Web 2.0 tools and applications like blogging, search engine optimization and social media and formed the basis of Hubspot’s philosophy. Challenges facing Hubspot as they grow, as stated in the case, are “first, they would have to decide which customers to serve,” “second they would need to make some decisions about their current pricing model to entice new customers to the company and maximize the
Question 1. Identify 3 inherent risks of Wesfarmers. I. Nature of entity’s business: * Wesfarmers main business is retail. This increases the inherent risk: * There could be problems like slow moving inventory for Target, Kmart or Officeworks * Also consumer preferences and tastes change frequently so this also increases the risk for slow moving stock * There are a lot of cash dealings.
We will put down $3000 each and the rest will be donations from friends and family. Our fixed assets are for continuing use, which is, office space, airline discounts and other fixed assets like office equipments and accessories and utility bills like electricity. Our variable costs will change because of the different activities of the business dealing with labor and advertising. Below we have our cash flow projection for the next five years. We estimated how many customers we need to breakeven each year.
Crouse Hinds purchased 8 million and 5 million dollars in parts from the suppliers respectively last year. Both firms make daily LTL shipments, containing finished components, to Crouse Hinds distribution center in Roanoke, VA. Another, major supplier for the firm is Chester Connectors, which is in Oklahoma City, OK. With these suppliers Crouse Hinds purchases items FOB shipping point prepaid from the 3 suppliers already mentioned meaning that while Crouse Hinds pay for the actual products the suppliers pay in advance for the cost of freight. The purchase price is made up of 95% actual material cost with 5% being freight cost. Supplier Purchase Expenditures Cost of Freight LTL Daily Shipments in LBS. Digby Gaskets $5,000,000
Ellen Heath Sherry Jackson English 101.047 24 September 2014 “Beneath the Smooth Skin of America” Wearing the most expensive clothes and buying the most popular brands seems to be the norm for Americans across the country in today’s society in order to fit in and be a part of the mainstream flow of the media. On a daily basis you see the same outfits and products walking the streets of this country, but what has happened to the regional distinctions that set others a part? In Sanders’ essay, “Beneath the Smooth Skin of America”, he opens readers eyes to the fact that regional culture is quickly fading due to the comfortable option of the familiar and the mainstream ideas of mass-culture and production. Sanders explains by learning about the history of land and nature around us and stepping out of the predictable, we can rebuild the unique aspects of our home regions and reconnect with our “local” community and identity. In the past, the imprint from a person’s homeland was distinctive and obvious, you could tell where that person was from just by the way they dressed or acted.
The Internet brought everyone right next door. So use this new and rich source to bring in more clients and spring board McBride Financial to the top of the charts.” The internet has transformed business marketing. No matter what you do, the internet is likely to be at the heart of your marketing strategy." (Atom Content Marketing, 2014) Research One the first area to start in would be research, to see which direction McBride want to go in. We would need to understand the company's weakness and strength.
In July 2 possible replacements were found who are thought to have the necessary skills. Chic Paints Ltd turnover is currently £120 million having steadily reduced from £200 million over the 6 years but profit margins are around 30% having risen in the same timeframe from 12%. Net assets are over £25 million and the company employs 350 staff. Who are the businesses major stakeholders (internal and external) and why? Stakeholders of the business would include internal and external parties who have an interest in the business.