Mustafa a friend of yours, plans to open a fashion boutique that will sell women’s clothing and accessories. He told you that he leafed through several books on how to prepare forecasts and pro forma financial statements but that the books were geared toward existing firms that have several years of historical financial statements on which to base their projections. If Mustafa asked for your advice about how to prepare financial statements along with pro forma and forecasts for a completely new women’s fashion boutique, what would you tell him?

Answers

Answer 1

Answer: Financial Forecast

Explanation:

Forecast is a prediction of events that would happen in the future based on evidence of what's seen now or an assumption on projections.

While financial forecast is predicting how well a business will perform in the future through estimating future financial outcomes.

I would advise Mustafa to seek experts ideas on financial forecast for a new business and that would help him project his expectations


Related Questions

if you saw i homeless man or woman what are you ganno do
A. KICK THE HOMELESS MAN OR WOMAN
B. GAVE SA MONEY
C GAVE SOME FOOD
D. STEAL THERE FOOD OR MONEY​

Answers

Answer:

b and c and maybe if i could i would take them to my place for shelter

Explanation:

Answer:

give food

Explanation:

I would give food because they could get drugs with the money and kicking them is rude

How is the Sole Trading business financed?

Answers

Answer:

Sources of Finance for a Sole Trader

The sole trader can invest his own savings into his business for expansion. Retained Profit. A profitable business generates a positive net income every year. Sale of Assets.

what are the functions of business.

A) employee staff support personnel and logistics.
B) employment accounting marketing and management.
C) logistics social media the Internet and staffing.
D) production accounting and finance management administration human resources and sales and marketing.

Answers

The most likely answer is option D

Jim and his friends have an upcoming mountain bike trip in the fall. He has collected information about a variety of coaches and gyms where there is crossfit training and emailed his findings to his friends. The following weekend they all meet at a local coffee shop to decide which gym and coaches they will go to as a group. First, they discuss what criteria they will use to make the decision and come up with 1) location, 2) coaches, and 3) price. Next, they review the collected information and narrow down the possibilities to two gyms. What part of the consumer decision-making process are Jim and his friends working through now

Answers

Answer:

evaluating alternatives

Explanation:

In this scenario, Jim and his friends are going through the evaluating alternatives part of the decision-making process. This is when an individual analyzes all of the options that provide the product or service that they are trying to obtain. They go through all the details of each option in order to obtain the absolute best deal. This allows the consumer to obtain all of the products or services that they want but by paying the lowest possible price in comparison to the other options.

Jefferson Cleaning signed an agreement with Willis Company on December 15 to provide cleaning services every Friday. The services will be billed to Willis Company on the fifteenth of each month at a rate of $15 per hour. As of December 31, Jefferson Cleaning had provided 15 hours of cleaning services to Willis Company. Which of the following is the required adjusting entry that Jefferson Cleaning should make on December 31?

a. Debit Accounts Receivable, $225; credit Fees Earned, $225
b. Debit Fees Earned, $225; credit Accounts Receivable, $225
c. Debit Accounts Payable, $225; credit Fees Earned, $225
d. Debit Fees Earned, $225; credit Accounts Payable, $225

Answers

Answer:

Debit Accounts Receivable, $225; credit Fees Earned, $225

Have a fantastic Day!

Why are we forced to make decisions in a day-to-day life?

Answers

Just like a computer our brain works on a basis of yes and no or good and bad. Basically 1 and 0’s . And choosing between yes and no or good or bad is called a decision . Our brain requires us to make those “decisions” because it is it’s purpose.

Kaitlin manages the organization’s employee-related actions to ensure compliance with equal opportunity laws and regulations as well as organizational affirmative action plans. Part of her job also involves managing diverse groups of people within the organization. Kaitlin’s human resource management specialty is ______.

Answers

Answer:

C. the legal environment

Explanation:

Since in the question it is mentioned that the compliances that have laws and regulations are complied also the actions plans is also enforced or not. In addition to this, her job part includes the diverse group of people so here her speciality is in the legal environment as the laws, regulations, actions plans are considered

Who is responsible for filing your federal tax return?
A. The IRS.
B. Your employer.
C. The state tax agency.
D. You.

Answers

The answer is B, your employer:)

You are in the market for a used car and decide to visit a used-car dealership. You know that the Blue Book value of the car you are looking at is between $20,000 and $24,000. If you believe the dealer knows as much about the car as you do, how much are you willing to pay

Answers

Answer:

$22,000

Explanation:

In this case, both you and the dealer have the same information about the car, meaning that information is symmetrically distributed. Since the value of the car is between $20,000 and $24,000, you should be willing to pay ($20,000 + $24,000) / 2 = $22,000

If the car dealer had more information than you, then you should be willing to pay the lower price $20,000.

On May 1, 2020, Friendly Company issued 2,000 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shortly after issuance, the bonds were selling at 98, but the fair value of the warrants cannot be determined.Instructionsa. Prepare the entry to record the issuance of the bonds and warrants.b. Assume the same facts as part (a), except that the warrants had a fair value of $30. Prepare the entry to record the issuance of the bonds and warrants.

Answers

Answer:

A. Dr Cash $2,040,000

Dr Discount on Bonds Payable $40,000

Cr Bonds Payable $2,000,000

Cr Paid-in Capital—Stock Warrants 80,000

B. Dr Cash $2,040,000

Dr Discount on Bonds Payable $20,594

Cr Bonds Payable $2,000,000

Cr Paid-in Capital—Stock Warrants $60,594

Explanation:

A. Preparation of the entry to record the issuance of the bonds and warrants.

Dr Cash 2,040,000

[(2,000*$1,000 )*1.02]

($2,000,000 *1.02=2,040,000)

Dr Discount on Bonds Payable $40,000

[(1 – .98) *$2,000,000]

Cr Bonds Payable $2,000,000

(2,000*$1,000 )

Cr Paid-in Capital—Stock Warrants 80,000

[$2,040,000 – ($2,000,000 * .98)]

(Being to record issuance of the bonds and warrants)

b. Preparation of the Journal entry Assume the same facts as part (a), except that the warrants had a fair value of $30

First step is to calculate the Total market value

Market value of bonds without warrants $1,960,000

($2,000,000 * .98)

Add Market value of warrants $60,000

(2,000 * $30)

Total market value $2,020,000

($1,960,000+$60,000)

Now let prepare the journal entry

Dr Cash $2,040,000

($2,000,000 *1.02=2,040,000)

Dr Discount on Bonds Payable $20,594

[($2,000,000+$60,594-$2,040,000]

Cr Bonds Payable $2,000,000

(2,000*$1,000 )

Cr Paid-in Capital—Stock Warrants $60,594

[($60,000/$2,020,000)*$2,040,000]

(Being to record issuance of the bonds and warrants)

Which controls almost all of the media industry?


a few large companies


government agencies


small broadcasters


innovative entrepreneurs

Answers

A few large companies

To maintain financial stability in the country with reduction in deficit, Govt gets help from different international financial institutions. Discuss the different pragmas introduced by IMF, World bank, Asian development bank and Islamic development bank for Pakistan.

Answers

Answer:

Pakistan is an under developed country. The resources here are sufficient but the main constraint which hinders the country progress is heavy debt burden on it. The country is struggling to become developed as other nations in the world. Pakistan is insufficient in financial resources and all the money which country generates is offset by the interest on the debt.

Explanation:

There are times when the country has to approach different financial aid institutions in the world for the money. IMF is one of the major financial aid institution which provides finance for developing country. Pakistan has approached IMF many times and it has imposed certain covenants on the country to provide financial aid. The tax imposition, restrictions on usage of fund, military and defense restrictions are imposed on Pakistan.


The video discusses the extensive planning required to meet the operational goals for serving high-qual
foods quickly. The goal of 5 minutes from order-taking to serving each meal is critical to maintaining
Noodles & Company's promise to the customer of high-quality food served quickly. If a meal needs to be
remade due to a processing error, what percent increase is this additional 3.5 minutes

Answers

Answer:

..................................................................

Which franchise model do automobile dealerships usually follow?
(plato)

Answers

Automobile dealerships usually follow “product distribution franchises”

Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.

Evaluate an open economy from the spending approach in order to get the three sectorial balances, private, external, and public.

Answers

Answer:

GDP for an open economy from the spending approach follows this equation:

GDP = Consumption + Investment + Government Spending + Net Exports (Exports - Imports)

It can also be written as:

GDP = C + I + G + NX (X - N)

The balance of private consumption is simply equal to C, the balance of public spending is G, and the balance of the external sector is net exports or NX.

Ella Company reported the following income statement information for the current year: Sales $410,000 Cost of goods sold: Beginning inventory $132,000 Cost of goods purchased 273,000 Cost of goods available for sale 405,000 Ending inventory 144,000 Cost of goods sold 261,000 Gross profit $149,000 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $20,000. Given this information, the correct gross profit would be:

Answers

Answer:

$129,000

Explanation:

Calculation for what the correct gross profit would be:

Correct gross profit =$410,000-($261,000+$20,000)

Correct gross profit =$410,000-$281,000

Correct gross profit =$129,000

Therefore the correct gross profit would be:$129,000

what are the steps in the recording process

Answers

The basic steps in the recording process are (1) analyze each transaction for its effects on the accounts, (2) enter the transaction information in a journal, and (3) transfer the journal information to the appropriate accounts in the ledger.

Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) Skip to question [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $ 9,400 Accounts Receivable 14,400 Prepaid Rent 6,480 Supplies 3,400 Deferred Revenue $ 2,400 Common Stock 11,000 Retained Earnings 5,400 Service Revenue 46,880 Salaries Expense 32,000 $ 65,680 $ 65,680 At year-end, the following additional information is available: The balance of Prepaid Rent, $6,480, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. The balance of Deferred Revenue, $2,400, represents payment in advance from a customer. By the end of the year, $600 of the services have been provided. An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2022. The balance of Supplies, $3,400, represents the amount of office supplies on hand at the beginning of the year of $1,400 plus an additional $2,000 purchased throughout 2021. By the end of 2021, only $740 of supplies remains. Exercise 3-14A Part 2 2. Prepare an adjusted trial balance as of December 31, 2021.

Answers

Answer:

Demon Deacons Corporation

Adjusted Trial Balance:

Demon Deacons Corporation is presented below.

Accounts                                 Debit     Credit

Cash                                     $ 9,400

Accounts Receivable             14,400

Prepaid Rent                           4,320

Supplies                                     740

Deferred Revenue                                   $ 1,800

Salaries Payable                                            700

Common Stock                                          11,000

Retained Earnings                                     5,400

Service Revenue                                     47,480

Salaries Expense                 32,700

Rent Expense                         2,160

Supplies Expense                 2,660

                                         $ 66,380   $ 66,380

Explanation:

a) Data and Calculations:

The December 31, 2021, unadjusted trial balance for

Demon Deacons Corporation is presented below.

Accounts                                 Debit     Credit

Cash                                     $ 9,400

Accounts Receivable             14,400

Prepaid Rent                           6,480

Supplies                                  3,400

Deferred Revenue                                  $ 2,400

Common Stock                                          11,000

Retained Earnings                                     5,400

Service Revenue                                     46,880

Salaries Expense                 32,000

                                         $ 65,680   $ 65,680

Adjustments:

DR Rent Expense $2,160         CR Prepaid Rent $2,160

DR Deferred Revenue $600   CR Service Revenue $600

DR Salaries Expense $700      CR Salaries Payable $700

DR Supplies Expense $2,660 CR Supplies $2,660

Numerical Measurements Practice problems: 1. Four years ago, Ken purchased 200 shares of Walmart (WMT) for $30 each share Now, four years later, he decided to sell all those shares for $32.50 per share. He also received total dividends of $1,80 per share over the four-year period. a. What is the total amount of dividends Ken received for 4 years? b. What was the total return for the investment?

Answers

Answer:

a) total dividends received over the four year period = $1.80 per share x 200 shares = $360

b) total return on investment = (total selling price + total dividends earned - initial investment) / initial investment = ($6,500 + $360 - $6,000) / $6,000 = 14.33%

in $, Ken's total return = $6,500 + $360 - $6,000 = $860

***I WILL GIVE BRAINLIEST*****
Jose can't wait to buy his first car next month. He imagines that he will make several new friends at school since everyone will want to ride in his car. He is even having a hard time concentrating on filling orders at the restaurant where he works. Does Jose's thinking have an ethical component? Who is most affected by Jose's conduct? *

Answers

Answer:

His thinking does NOT have a ethical componet.

HISELF is most affected by his conduct.

Answer:

C

Explanation:

im him

Which examples demonstrate common education and qualifications for Counseling and Mental Health Services careers? Check all that apply.


1. Soo uses leadership skills to guide a group of people in religious worship.

2. Jacqueline stays calm even when counseling patients who are angry or upset.

3. Brent uses math skills to help people fill out financial paperwork.

4. Nakisha provides therapy to families and has a master’s degree in Psychology.

5. Tao pays close attention to what patients say and how they behave during counseling sessions.

6. Adam lifts and carries young children while playing with them outdoors.

Answers

Answer:

Jacqueline, Nakisha, Tao or B, D, E

Explanation:

got it right

Answer:

B. Jacqueline stays calm even when counseling patients who are angry or upset.

D. Nakisha provides therapy to families and has a master’s degree in Psychology.

E. Tao pays close attention to what patients say and how they behave during counseling sessions.

Explanation:

edge 2021 :)

stay safe and good luck <3

The demand and supply curves show how buyers and sellers ________; the interaction of buyers and sellers ________. compete against each other; shows that there is no winner respond to prices; determines the price compete against each other; determines the winner determine the price; shows how they respond to prices

Answers

Answer:

The correct answer is the second option: respond to prices; determines the price.

So the final statement will be:

The demand and supply curves show how buyers and sellers respond to prices; the interaction of buyers and sellers determines the price.

Explanation:

To begin with, in the microeconomics theory both the demand and supply curves are economic functions that are represented in the graphic in order to give a better understanding of what is going on in the reality of the economy out there. So that means that they are both determine by the quantity demanded or supplied and the price, the relation between those two components. And regarding that, they both will show how the buyers and sellers respond to prices. Moreover, their interaction will determine the price as explained before.

Why do people need to budget their money?

Answers

Answer:

Since budgeting allows you to create a spending plan for your money, it ensures that you will always have enough money for the things you need and the things that are important to you.

James Industries uses departmental overhead rates to allocate its manufacturing overhead to jobs. The company has two departments: Assembly and Sanding. The Assembly Department uses a departmental overhead rate of $35 per machine hour, while the Sanding Department uses a departmental overhead rate of $20 per direct labor hour. Job 603 used the following direct labor hours and machine hours in the two departments: Actual results Assembly Department Sanding Department Direct labor hours used 8 5 Machine hours used 10 7 The cost for direct labor is $30 per direct labor hour and the cost of the direct materials used by Job 603 is $1,400. How much manufacturing overhead would be allocated to Job 603 using the departmental overhead rates

Answers

Answer:

Total allocated overhead= $450

Explanation:

Giving the following information:

The Assembly Department uses a departmental overhead rate of $35 per machine hour.

The Sanding Department uses a departmental overhead rate of $20 per direct labor hour.

Job 603:

Actual results Assembly Department Sanding Department

Direct labor hours used 8 5

Machine hours used 10 7

To allocate overhead to Job 603, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 35*10= $350

Sanding= 20*5= $100

Total allocated overhead= $450

Text aids are sources of information regarding the contents of a book or document.
Please select the blest answer from the choices provided
От
Of

Answers

Answer:

TRUE

Explanation:

Text aids are sources of information regarding the contents of a book or document a true statements. Thus, option A is correct.

What is a text aid?

Text aids provide sources of knowledge on a book's or document's topics. When we first proceed to read it, the knowledge in document aids can assist us to comprehend its meaning.

Most nonfiction texts make use of text aids. Characteristics in the text draw the editor's attention to particular sections and aid in the identification of key concepts.

The reader is provided with additional details that back up it text through the use of illustrations in the form of photos or infographics. This helps in a better understanding of the texts that are provided. Also, it can illustrate a book and also help in giving an example.

Therefore, option A is the correct option.

Learn more about Text aid, here:

https://brainly.com/question/2128083

#SPJ7

Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Cost of goods sold $ 92,750 Work in process inventory, January 1, 2016 23,600 Work in process inventory, December 31, 2016 18,750 Selling and Administrative Expenses 22,800 Net Income 38,500 Factory overhead 22,550 Direct materials inventory, January 1, 2016 29,400 Direct materials inventory, December 31, 2016 16,125 Cost of goods manufactured 112,450 Finished goods inventory, January 1, 2016 38,225 Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount of direct materials used?

Answers

Answer:

$28,675 = direct materials used

Explanation:

To calculate the direct material used, we need to use the following formula:

Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750

112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used

$28,675 = direct materials used

Income tax in a certain state is calculated as follows on the first 1000 at 2%,3% on next 2000,4% on the next 3000 and 5% there after.Find the tax to be paid by an individual who earns an income 2500 per mont, a.his income tax. b.his percentage tax?​

Answers

Answer:

This person must pay an income tax of $ 65, which represents 2.6% of his monthly income.

Explanation:

Given that income tax in a certain state is calculated as follows: on the first $ 1000 at 2%, 3% on next 2000, 4% on the next 3000 and 5% there after, to find the tax to be paid by an individual who earns an income of $ 2500 per month, and his percentage tax, the following calculations must be performed:

2500 - 1000 = 1500

1000 x 0.02 = 20

1500 x 0.03 = 45

20 + 45 = 65

2500 = 100

65 = X

65 x 100/2500 = X

2.6 = X

Thus, per month, this person must pay an income tax of $ 65, which represents 2.6% of his monthly income.

Developing informative, non-salesy content to educate customers to solve problems is part of: a. In-supplier b. Push strategy c. Pull strategy d. Out-supplier

Answers

Answer:

D :  Out-supplier

Explanation:

The reason is that out suppliers focus more on the customer needs than on their own greeds. That's why their more based on customer priorities......

I hope this helps. :)

What types of home products are manufactured in your locality? Write with examples..
please help​

Answers

Explanation:

tell me how I do this question

The kinds of the product apart from food products normally bought by customers for domestic usage could be considered as home products. A further explanation is provided below.

Products such as soap goods, home cleansers, and food packaging things, but not furniture or perhaps even equipment, as well as other similar products, typically not entirely eaten throughout one annum, are much more assurance.The household items using cotton linter encompass healthcare apparel, felt as well as paper of extremely high quality.

Learn more:

https://brainly.com/question/21370632

True False 1. Capital projects funds account for proceeds of specific revenue sources that are legally required to be spent for specified purposes. 2. Utility bill payments are recognized in a proprietary fund. 3. The economic resources measurement focus is used to report the government-wide financial statements. 4. Capital assets and long-term liabilities specifically related to proprietary funds activities are accounted for using the modified accrual basis of accounting. 5. Governmental funds are accounted for using the accrual basis of accounting. 6. Government-wide financial statements report general long-term liabilities.

Answers

Answer and Explanation:

1. The given statement is false as the specific projects are those projects that are funded for the specific or particular task

2. The given statement is true as the bill payment made for utility would be recorded in a proprietary fund

3. The given statement is true as the measurement of the economic resources would be recognized in the financial statement i.e. government wide

4. The given statement is true as the capital assets and long term liabilities that related to the proprietary find would be accounted under modified accrual basis

5. The given statement is true as for the government funds as well, it used the accrual basis

6. The given statement is true as the financial statement i.e. government wide would recognize the long term liabilities

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