If you owned a small business bakery with relatively high volume and multiple product lines, would you implement an ABC model? Why?
yes i will implement abc system
because, where product diversity & high voloum production is arises there is nothing is better than abc. it ascertain the overhead cost more scientifically and accurately than traditional costing. its heps to minimises the overcost for long term. and in ecomics we know that when a firm profitable in they can continue their bussiness & get higer return on investment. lastly if we ascertain our cost more perfectly there is no chances of loss in bussiness.
If you owned a small business bakery with relatively high volume and multiple product lines, would...
◾What circumstances would cause a company to make a CVP analysis If you owned a small business would you prefer variable costing or absorption costing and why ◾Explain, with an example, a constrained cost
for 5 years, mandy has owned and operated a riverside bakery and cafe called Riverboats. the bakery is too small and mandy spoke to her landlord jim about expanding the business. mandy and jim spoke to abe, a real estate developer and he proposed an expansion to riverboats. mandy, jim and abe would like to be buisness partners but but they are not certain of the type of entity they should form. mandy and jim would like to contribute $1,000,000...
Imagine you were a colonist who owned a small business during the time leading up to the Revolutionary war, how would you feel about the political and economic climate in the colonies? Would you feel it was right to join the rebellion, or would you feel that you stay loyal to the King? Why? Give three specific examples to support your reasoning for your actions. What kinds of consequences might you face as a result of the actions you just...
CASE SYNOPSIS Sweet Treats is a small, local bakery owned and operated by cake designer, Riley. Sweet Treats serves cakes, cupcakes, house-made ice cream, coffee and an assortment of baked goods as well as custom ordered cakes for special occasions. Riley opened her store front in 2014 but is searching for ways to grow her business. After hiring a consultant and using information from this as well as information based on a market study, Riley made the decision to open...
You are the owner of a small bakery, Vista Confectioners. Your business is expanding, and you decide to order three new display cases from Foxtrot Furniture, a company based 200 miles away with whom you have not previously done business. However, you have heard positive reviews about the quality of its products from a friend and fellow small-business owner. When the display cases arrive, you are surprised to find four sitting on the loading dock, not the three that you...
If you were starting a small business, would you prefer that your partner is a utilitarian, an altruist, or an egoist? Why?
Cardinal Capital is a company that makes relatively high risk/high return investments in promising small businesses across multiple markets. The company is in the process of developing a strategy/policy for its 2017 investment portfolio, which will have a maximum of $15 Million with which to work. The table below provides data gathered from analysis of historical investments and future projections. Type of Business Median Rate of Return Loss Rate Software 23% 15% Restaurant/Food Production 10% 6% Retail 7% 5% Manufacturing...
I need help answering a few questions for my small business class! What are the two types of business plan? In what situation(s) would you use each type of plan? Why is the executive summary an important section of the business plan? How might an entrepreneur’s perspective differ from an investor’s in terms of the business plan? Describe the major sections to be included in a business plan. If the income statement of a financial plan shows that the business...
Which of the following would activity-based costing most likely lead to? Multiple Choice O Distorting product cos costs. Raising the sale price of high-volume products. O Raising the sale price of low-volume products. Expanding low-volume products that appear to be profitable. O Cutting back on high-volume products that appear to be unprofitable.
As a small business owner facing saturated domestic markets, how would you approach foreign markets? Develop a strategic plan outlining how you would research markets, get your product to potential customers, handle the financing side of the business, and grow your sales. Include information on what resources are available to help with this process.