The correct answer to this question is B, $22,876.90. This type of question would primarily be found on Business Education tests. This is a field which studies the fundamentals and processes of business. This field is mainly studied in higher, secondary, and university educations.
Statistics show that nearly 38% of high school students partake in a business course. Though it is not a mandatory requirement for a car salesman, it would be helpful to them to be knowledgeable on how to answer such a question as the one posed. That way, they can quickly give their customers fast pricing totals.
In financial accounting, an asset is any resource owned by the business. Assets represent the value of ownership that can be converted into Cash. The following are the significant differences between Monetary and Non-monetary Assets: a. Nature: Monetary assets are always tangible assets. Financial assets include Cash, short-term investments, deposits and bank accounts, investment accounts, accounts receivable, and low inventory. In contrast, Non-monetary assets can be different. The most commonly cited one is property, which can include plant and equipment for commercial companies and any personal property.
Other examples of Non-monetary assets include Intangible assets (patents, copyrights, trademarks, goodwill, and franchises), Associate and equity investments, Long-term inventory, and Biological assets. b. Liquidity: Liquidity refers to an asset’s ability to be sold rapidly and with minimal loss of value. Monetary assets are those assets that are liquid in nature because they are relatively easy to be sold while Non-monetary assets are those assets that are illiquid in nature because they are not readily saleable unless there is a drastic reduction in the price; hence, investors require a higher return on this kind of assets to compensate for the high cost of trading. c. Cash conversion: Monetary assets are easy to convert to a dollar value, while Non-monetary assets can be entirely subjective in their valuations.
Homework. It’s not something everyone likes to do, but when it comes to opening a small business, doing your homework is vital. Why?
So, whether you’re still dreaming of starting your business, or you already have a business plan and funding lined up, here are some questions you need to answer before starting your small business.
1. Why Am I Starting a Business?
We all have our own reasons for wanting to start a small business - to be our own boss, to offer a unique product, to build a business from the ground up, to be an entrepreneur - the list goes on and on.
2. Do I Understand the Ins and Outs of the Industry?
You’re passionate about your business idea. As such, you probably have a good grasp of the industry you’re entering.
3. Is My Business Plan Flushed Out?
You can’t talk about starting a small business without talking about a business plan. Sound daunting? It doesn’t have to be complicated, but you do need to have one. And, you do need to spend time flushing it out.
4. Am I Confident in the Financial Plan?
Starting a business costs money, and even the most successful businesses take a period before turning a profit. How much do you need to get the business up and running, and how will you pay for it?
Whether you are using savings, investors, or loans to finance your business (or a combination of the three), do you homework to understand if you have enough for start-up costs and operations.
5. Do I Have a Marketing Strategy?
You can have the best business idea in the world, but if you don’t have a plan to market it, your business will fail. While it can be hard to earmark limited funds toward marketing, it is a smart investment.
6. What Staffing Do I Need?
If you’re like a lot of small businesses, you may be the sole employee for a while. Other small businesses, however, need staff from day one.
7. What Loops Do I Need to Jump Through?
The last thing you want to do is get ready to open your business, only to find out you need additional licenses or permits. It costs you time and money. As you do your homework, research any legal or permitting requirements for your line of work.
Before beginning the business, the product or service must be established. This is usually the easy part. Owners and managers are certain they know what they are going to sell. They may also know how they are going to make this item. They could make the item themselves or outsource the creation of the product to another company.
Also, before beginning the business, the owner or manager should determine who will be their potential buyers. For instance, if you are selling baby blankets, your market may be for new mothers. They would need baby blankets. So, the owner or manager must identify the target market. This is due to determining which technology or website will appeal to the potential buyers.
An e-commerce site is a website that is conducted on the Internet. For the most part, the business will run primarily on the Internet. That is, they will not have a brick and mortar store. When someone is starting a business, whether it be on the Internet or in a brick and mortar store, the owner must have a business plan in action in order for the business to be successful.
The manager or owner has a responsibility of overcoming challenges. One thing the manager or owner must do is to develop a clear understanding of the business objectives. Usually, people want to determine what they are trying to achieve. This would be the goal or objective. Another challenge would be to know how to choose the right technology to achieve that goal.
For storing information in the future, most business make use of Flash Memory Thumb Drives. With Flash Memory Thumb Drives, you can connect to a PC USB port in an attempt to back up your files on the go. While some provide data encryption in order to ensure that your data is secure should the flash memory get lost, others are not so much integrated with this security measure. They are generally rewritable, removable, and a lot smaller than the typical optical disc which makes them quite movable.
Businesses also make use of External Hard Drives. These drives can store as much information as the storage found on the computer.
Risk And Barriers for E-Business
Hidden Costs: One of the biggest selling points of e-business is the low start-up costs. Domain names and web hosting incur comparatively low costs when considered against renting or buying a physical space.
Data Security: Customers enter a considerable amount of sensitive information, ranging from phone numbers to credit card numbers, on your site. As the site owner, you take responsibility for protecting that information with appropriate security measures.
Marketing Failures: Online and offline business both rely on effective marketing to drive growth and sales. Without effective online marketing to drive traffic to the website, the entire project can turn into a waste of time and financial resources.
Website Availability: Even if a business manages costs, employs top-flight data security and uses online marketing best practices, a bad web hosting service can destroy an e-business. Customers who find your website unavailable on a regular basis will stop going to it.
Johnetta Gandy is well know for her Aliases Angie Tomlin and Kimberly Brogar.
Johnetta Gandy is a white woman of age-28. She weight about 130pounds with a Brown hair, Blue eyes, Ring tattoo in her right hand, 8-pierced left ear and was lastly spotted at Memphis Tennessee. She and her crew were widely know for burglary after breaking into a Clothing and Jewellery store and allegedly toss the merchandise into a tarp that is placed in the middle of the floor.
She worked for Road construction before her charges. Johnetta and her crew are very disciplined to the extends that the can know the in and out of a business within five minute. The were last seen driving away in a black 2009 Chevrolet Tahoe and are suspected to be hiding out with Johnetta's uncle, Michael Trumbull who leaves at Nashville, Tennessee. If Johnetta or her crew members is been spotted, report to 911 immediately or any local Police division near you
College of Business alumni reside in 115 countries. There are over 115 countries all over the world with business schools that alumni. And one of the schools that top The Economist’s business school rankings for alumni networks is the Henley Business School. At this University of Reading, it makes great display of her alumni network even on its own official website.
The school has up to seventy thousands (70,000) alumni which widely spread across over One Hundred and Fifty (150) countries; it has 33 formal regional and country-based international alumni groups, and a vibrant LinkedIn community. Events for alumni occur around the globe at a rate of nearly one a week