Once a taxpayer uses the standard mileage method to determine the deduction for automobile expenses for the tax year, the standard mileage method must be used in all subsequent years.
A. True
B. False"
Answers
The statement "Once a taxpayer uses the standard mileage method to determine the deduction for automobile expenses for the tax year, the standard mileage method must be used in all subsequent years" is False (B).
While the standard mileage method is a popular and simplified method for calculating the deduction for automobile expenses, it is not mandatory for all subsequent years once chosen. Taxpayers have the option to switch between the standard mileage method and the actual expense method in future tax years, with some limitations. If a taxpayer chooses to use the actual expense method in subsequent years, they cannot switch back to the standard mileage method for that specific vehicle. Additionally, if a taxpayer has used a depreciation method other than straight-line for the vehicle in previous years, they cannot use the standard mileage method.
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Related Questions
True/False
1. A thank you note sent after a job interview will serve as a reminder to those people you met.
2. When giving the time of your emploment on your resume, be sure to specify only the year of starting and ending of each job.
3. If an interviewer asks you what your weakness are, you should think for a moment before answering.
4. To prevent discrimination, all applicants for a job should be asked the same questions during an interview.
Answers
A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
What is an interview for a job?A job interview is known to be a kind of conversation tak that is said to occurs between a said and potential employer and that of a job applicant.
Note that During the job interview, the employer is one who has a lot of opportunity to appraise any kind of applicant's qualifications, as well as their appearance and full fitness in regards to the job opening.
Hence, A thank you note sent after a job interview will serve as a reminder to those people you met is a false statement
2. False
3. False
4. False
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Which descriptions offer examples of Management workers? Check all that apply. Roger sells a company’s product to customers. Arthur supervises a small department of Administrative workers. Bridget documents a company’s financial activities and creates reports. Whitney oversees others, makes decisions, and runs a company.
Answers
Answer:
The answer is B&D
Answer:
b & d
Explanation: got it wrong the first time and this is the right answer lol
Find out the municipal taxes you are subjected to. Calculate your average annual tax payments to your municipality.
(I'm not sure what this question for my online financial class is asking, can someone help?)
Answers
Answer:
I conducted an online research on the state of Virginia. The state of Virginia has 95 counties, 39 independent cities, and 190 incorporated towns. Only elected governing bodies can impose local taxes in this state of Virginia. A bulk of the local tax money comes from property taxes.
The following is the list of municipal taxes a consumer in all counties and cities of the state of Virginia is subjected to:
Items Tax Percentage Districts
Retail sales tax 0.7%
Occupancy tax 2.1% only for the Northern Virginia Planning District
Fee on grantors of real estate $0.15 to $100 of the value of property sold only for the Northern Virginia Planning District
Wholesale distributors of motor fuel 2.1% Hampton Roads Planning District
Restaurant meal 1%
Communication taxes 1.05%
Motor vehicle rental tax 4%
Explanation:
I conducted an online research on the state of Virginia. The state of Virginia has 95 counties, 39 independent cities, and 190 incorporated towns. Only elected governing bodies can impose local taxes in this state of Virginia. A bulk of the local tax money comes from property taxes.
The following is the list of municipal taxes a consumer in all counties and cities of the state of Virginia is subjected to:
Items Tax Percentage Districts
Retail sales tax 0.7%
Occupancy tax 2.1% only for the Northern Virginia Planning District
Fee on grantors of real estate $0.15 to $100 of the value of property sold only for the Northern Virginia Planning District
Wholesale distributors of motor fuel 2.1% Hampton Roads Planning District
Restaurant meal 1%
Communication taxes 1.05%
Motor vehicle rental tax 4%
policy makers announce that the federal minimum wage will increase to $15 an hour over the next 10 years by annual increases of $0.78. this will cause
Answers
Policy makers announce that the federal minimum wage will increase to $15 an hour over the next 10 years by annual increases of $0.78. This will cause the Phillips curve will shift upward.
What do you mean by Policy?A policy is an official decision made by a group of people, a commercial organization, the government, or a political party about a certain course of action.
The National Minimum Wage would increase to $15 per hour by 2025 under the Raise the Wage Act of 2021, thereby eradicating earnings that are below the poverty line. According to this analysis, the rise is long overdue and would have a positive impact on both the economy and workers.
Therefore, Policy makers announce that the federal minimum wage will increase to $15 an hour over the next 10 years by annual increases of $0.78. This will cause the Phillips curve will shift upward.
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what important technology has done the most
Answers
i have a few questions about finance. PLease answer correctly and completely! thx
Which product is an example of perfect competition?
A.
food grains where products are homogeneous
B.
computers, where there are many competitors with slightly differentiated products
C.
aerated cold drinks, where there are two competitors
D.
bicycles, where buyers and sellers have some control over the price
E.
gold where there is only one seller
The database of Aster Corp. was hacke.d and confidential data was leaked to its competitors. This resulted in a huge financial loss and a loss of goodwill for the company. What is this business risk known as?
A.
operational risk
B.
exchange risk
C.
political risk
D.
expansion risk
E.
survival risk
Answers
Answer 1:
B is the answer.
Computers where there are many competitors with slightly differentiated products.
Explanation:
A market is characterized as a Perfect Competition where there are many buyers, many sellers and the products are either homogenous or slightly differentiated. There is also perfect knowledge about all the products and the nonexistence of monopoly. That is, no player in the market has leverage over which they can manipulate prices in their favor.
Answer 2:
A is the correct answer.
Operational Risk.
Explanation:
When there is the possibility for a loss arising from a dysfunctional internal process(es), inefficient employee(s), or even from external events, with a link to the internal dynamics of a company, the business is said to be exposed to Operational Risks.
Answer 3:
When there is an increase in interest rate, the following takes place:
Businesses shy way from borrowing from the bank(due to the loss of leverage or increased cost of borrowing when they do) Production Cost increasesWhen production costs increase prices of finished goods increasesthe above leads to a decrease in demand for finished goodsand ultimately Consumer spending goes downCheers
What is advertising?
Answers
Explanation:
the activity or profession of producing advertisements for commercial products or services.
plz mark it as brainliest
FILL THE BLANK. a speech that praises or celebrates a person, a group, or an event is called a _______________________.
Answers
A speech that praises or celebrates a person, a group, or an event is called a "commendation speech" or "tribute speech".
This type of speech is designed to honor and highlight the achievements, qualities, or contributions of the subject being praised.
It serves as a platform to express admiration, gratitude, and recognition for their accomplishments or the significance of the event.
In a commendation speech, the speaker typically focuses on the positive aspects and impact of the person, group, or event, highlighting their accomplishments, character traits, or the significance of their achievements.
The speech may include personal anecdotes, examples, or stories that illustrate the subject's positive attributes and the reasons for celebrating them.
It is important for the speaker to use language that is uplifting, persuasive, and heartfelt, aiming to inspire and create a sense of pride and appreciation among the audience.
A well-executed commendation speech not only honors the subject but also engages and resonates with the listeners, leaving a lasting impression of celebration and admiration.
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Help please! Will mark brainliest!
Which of these job descriptions is least likely to fall under an events' manager?
Answers
Answer:B or D!
Explanation:
I say this because of the descriptions but its your choice.
select the highlighted passages that represent accurate descriptions of susan shepler’s fieldwork in sierra leone.
Answers
The postwar efforts of human rights initiatives in rehabilitating the child soldiers of Sierra Leone are briefly discussed in Susan Shepler's Childhood Deployed: Remaking Child Soldiers in Sierra Leone.
Write a short note on Susan Shepler.An anthropologist with substantial experience working in West Africa devastated by war, Susan Shepler is an associate professor in the School of International Service at American University. The goal of Susan Shepler's research is to comprehend how local communities interact with foreign interventions and the nuances of those local responses, including the micropolitics of gender, age, religion, and ethnicity.
Shepler traveled to Sierra Leone to do ethnographic fieldwork for her upcoming book, provisionally titled "Power You Can Trust: Fractal Sovereignty." It examines the conclusion reached by the international health community in the wake of the Ebola outbreak in 2014–2016. Shepler wrote the well-regarded book Childhood Deployed: Remaking Child Soldiers in Sierra Leone and her articles have appeared in a number of scholarly journals.
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maryanns car is being towed from its parking space on the street in front of her home. the other than collision coverage of her personal auto policy will cover her loss if the:;
A. police had a warrant to seize the car as evidence in an investigation
B. tow truck operator was unlawfully removing her car
C. car was being towed because it was parked illegally
D. car was be repossess by the lender
Answers
Option b: the other than collision coverage of her personal auto policy will cover her loss if the tow truck operator was unlawfully removing her car.
Cars, trucks, motorbikes, and other sorts of road vehicles are all covered by auto insurance. Auto insurance, vehicle insurance, or auto insurance is often called. Their primary purpose is to provide financial protection against liability that may arise from property damage or personal injury from motor vehicle accidents and related events.
Auto insurance can also provide financial coverage against damage caused by vehicle theft, accidents other than collisions with moving traffic, weather-related or natural disaster-related events, and collisions with stationary objects. . Auto insurance details depend on local legal requirements.
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The other than collision coverage of Maryann's personal auto policy will not cover her loss if her car is being towed from its parking space on the street in front of her home because it is being repossessed by the lender. Other than collision coverage, also known as comprehensive coverage, typically covers losses due to events such as theft, fire, vandalism, and weather-related damage. The correct option is b.
Repossession of a vehicle is not one of the covered events under this type of coverage.If Maryann wants coverage for repossessed vehicles, she may need to purchase a separate insurance policy specifically for this purpose. Some lenders also offer their own insurance policies that cover repossessed vehicles.It is important for Maryann to review her auto insurance policy and understand the coverage she has in case of a loss. If she has any questions or concerns about her coverage, she should contact her insurance agent or company for more information.The correct option is b.
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Which of the following are exempt from escrow licensing requirements?
(a) banks
(b) savings and loan associations
(c) attorneys
(d) all of the above
Answers
The correct answer is (d) all of the above. Banks, savings and loan associations, as well as attorneys, are exempt from escrow licensing requirements.
These entities are considered to have the necessary expertise and regulatory oversight in place to handle escrow services without requiring additional licensing. This exemption recognizes their established roles and responsibilities in financial and legal matters.
Banks and savings and loan associations are exempt from escrow licensing requirements because they are already subject to strict regulations and oversight by financial regulatory authorities. These institutions have the necessary infrastructure and safeguards in place to handle escrow transactions securely.
Attorneys, on the other hand, are exempt because their professional responsibilities and fiduciary duties already require them to handle client funds and transactions in a trustworthy manner. The legal profession is regulated by bar associations and licensing boards that ensure attorneys adhere to ethical standards and professional conduct. Therefore, these exemptions acknowledge the existing regulatory frameworks that govern banks, savings and loan associations, and attorneys, making additional escrow licensing requirements unnecessary for them.
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In ________ teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
Answers
In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
What is self managed team?Self-managed team includes group of people a that work together to render a service or to sell and produce a good.
They do not work under any manage or require managerial supervision.
Therefore, In self managed teams, there is an expectation of increased productivity and quality of work life because employees are delegated greater authority and granted increased autonomy.
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According to Porter companies that wish to dominate broad markets should operate using a __________ strategy.
Answers
Answer:cost leadership
Explanation:that uses low cost
In the introductory stage of the product life cycle, the major promotional objective is to:
gain publicity. encourage primary demand. capture the competitor's customers. encourage selective demand.
Previous question
Answers
In the introductory stage of the product life cycle, the major promotional objective is to encourage primary demand.
During the introductory stage, the product is newly introduced to the market, and the main goal is to make potential customers aware of its existence and create demand for it. This is achieved by promoting the product through various channels such as advertising, public relations, and sales promotions. The main focus is on educating customers about the product's features and benefits and persuading them to try it. The objective is to create primary demand, which refers to the demand for the product category as a whole, rather than for a specific brand or company. This is because in the introductory stage, there may not be many competitors in the market, and the focus is on establishing the product category itself. Therefore, the major promotional objective in the introductory stage of the product life cycle is to encourage primary demand.
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what are 10 ways that people use percentages in their daily life
Answers
Answer:
Farming
School
shopping
thats all i got
Explanation:
Answer: Construction work, working on farms, working on cars, doing math problems at school or work, creating something, proving a point,
Explanation:Thats all i got
CBA Corp. has grown significantly over the past year. One area that has plagued the controller of CBA is the reconciliation of supplies expense. The end-of-year supplies on hand totaled $20, purchases totaled $500, and supplies on hand at the beginning of the year amounted to $300. How much will CBA report as supplies expense for the current year
Answers
Answer:
the supplies expense for the current year is $780
Explanation:
The computation of the supplies expense is shown below:
= Beginning supplies balance + purchase made - ending supplies balance
= $300 + $500 - $20
= $780
hence, the supplies expense for the current year is $780
The same should be considered and relevant
And the above formula should be applied for the same
Which positioning base for a product or service focuses on a personality or type of consumer? a. Product class b. Attribute C. Emotion d. Product user
Answers
The positioning base, named, "product user" focuses on a personality or type of consumer. Option D is the correct answer.
Positioning is a crucial element in the marketing mix and refers to how a company creates an image or identity in the minds of consumers for its product or service. One such positioning base is product user, where the focus is on the personality or type of consumer. By identifying and targeting a specific group of consumers based on their characteristics, interests, or lifestyles, companies can tailor their marketing strategies to appeal to this group and differentiate themselves from competitors. This approach can help companies build brand loyalty and increase sales among their target market.
Therefore, option D is the correct answer.
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The equilibrium price of a product is determined by
A-Competing firms
B-Government and producers
C-Price floors and ceilings
D-Interaction of supply and demand
Answers
interaction of supply and demand
Jessi has received a loan to start her new bakery. She wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What should Jessi make FIRST to make to make sure to manage her money so that she prioritizes what she needs for her bakery?
buying plan
sales forecast
profit margin
investment
Answers
Since Jessi has received a loan to start her new bakery, and he wants to make sure that she spends the money wisely, getting all of the machinery, tools, and ingredients that she will need to make her bakery a success. What she should make FIRST to make sure to manage her money so that she prioritizes what she needs for her bakery is a "buying plan" (Option A)
What is the definition of a "Buying Plan"?A buying plan, sometimes known as a buying club, is a sort of plan that obligates a buyer to purchase products on a fixed timetable, to acquire items that a seller may deliver without warning, or to pay membership fees in exchange for the right to purchase at a supposedly discounted price.
Goods planning and procurement is a systematic strategy used by retailers to predict merchandise inventory requirements and negotiate the best terms with suppliers.
Typically, retailers employ a centralized buyer or team of buyers that supervise the chain's purchasing process. They may have additional local or regional merchandise managers that supervise merchandise implementation in stores.
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What is the reason for using progressive taxes on income?
A) Lower-income individuals have a lower cost of living and can afford to pay more in taxes.
B) Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.
C) Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.
D) Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.
Answers
The reason for the progressive tax is because the Higher-income individuals can afford a good standard of living and can pay more in taxes.
What is a progressive tax?This is a type of tax imposed based on a taxpayer's ability to pay, that is, the higher the income. the higher the taxrate applicable to the taxpayer's income.
The reason for progressive tax is that a tax would be a disproportionate burden for people with low incomes.
Therefpre, the Option C is correct.
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One of the effects of gas prices rising from about $2 to about 4 per gallon was airlines ordering new, fuel-efficient aircraft. a. True b. False
Answers
The costs of money that households spend on gas is likely to increase as gas prices rise, leaving less money for other products and services.
What impact do oil prices have on gas prices?The cost of crude oil makes up the majority (54%) of the retail cost of regular gasoline, according to the most recent Energy Information Administration data. Distribution and marketing account for 17%, taxes for 18%, and refining for 11%.
Why are gas prices so high?Similar to other price rises, rising gas prices are a result of global inflation rates that have risen across almost all commodities and services. However, the price of gasoline has been increasing considerably more quickly than the price of other goods and services.
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QUESTION 13 of 20: You own a dance studio. You have assets of $512,667 and equity of $268,964. What is your liabilities total?
оооо
a) $243,703
b) $268,964
c) $512,667
d) $781,631
Answers
Answer:
243,703
Explanation:
In the ______________, households receive goods and services and pay firms for them.
1. labor market
2. financial capital market
3. goods and services market
4. savings market
Answers
In the goods and services market, households receive goods and services and pay firms for them.
What is the definition of a goods market?All the purchasing and selling of products and services is referred to as the "goods market." By "money market," we refer to the relationship between the supply and demand for money as determined by the Federal Reserve through the banking system (i.e., the size of the money stock).Examples of goods are automobiles, appliances, and clothing. Examples of services are legal advice, house cleaning, and consulting services.In the goods and services market, households receive goods and services and pay firms for them.
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True or false: when a company wants to have tight control over a foreign entity, it is in the best interest of that company to forge a licensing agreement rather than use foreign direct investment.
Answers
The given statement "When a company wants to have tight control over a foreign entity, it is in the company's best interest to use foreign direct investment FDI rather than forge a licensing agreement" is false because foreign direct investment is a more suitable strategy compared to a licensing agreement.
Foreign direct investment involves acquiring or establishing assets and operating a business in a foreign country, often through purchasing a controlling interest in the foreign entity. This strategy allows the investing company to exercise significant control over the foreign entity's operations, management, and decision-making processes.
On the other hand, a licensing agreement is a contractual arrangement between two companies, where one company (the licensor) grants the other company (the licensee) the right to use its intellectual property, technology, or brand in a specific manner.
In a licensing agreement, the control exercised by the licensor is typically limited to the use of its intellectual property and the terms of the contract, and does not extend to the day-to-day operations and decision-making of the licensee's business.
In summary, if tight control over a foreign entity is the primary goal of a company, foreign direct investment is a more suitable strategy compared to a licensing agreement.
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true or false? group insurance is a type of private insurance that anticipates a large group of individuals will purchase insurance through their employer and the risk is spread among those paying individuals.\
Answers
This is untrue; group insurance is a form of private insurance that assumes a sizable number of people will purchase insurance through their employer, distributing the risk among those paying individuals.
The majority of people have some sort of insurance, whether it is for their life, their home, or their car. However, the majority of us don't really take insurance the time to consider what insurance is or how it risk operates.
Simply put, insurance is a contract, represented by a policy, under which a policyholder receives monetary protection or payment from an insurance firm against losses. To make payments more manageable for risk the insured, the company pools the risks of its clients.
Insurance policies are used as a hedge against the risk of monetary losses, both large and minor, that may arise from harm to the insured or their insurance property, or from liability for damage or injury given to a third party.
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a. In a year in which common stocks offered an average return of 12% and Treasury bills offered 3%. The risk premium for common stocks was:
1%.
3%.
12%.
9%.
b. Zelo, Inc. stock has a beta of 1.23. The risk-free rate of return is 4.5% and the market rate of return is 10%. What is the amount of the risk premium on Zelo stock?
Answers
a. The risk premium for common stocks is the difference between the average return on common stocks and the risk-free rate of return. Therefore, the risk premium for common stocks in a year when they offered an average return of 12% and Treasury bills offered 3% is 12% - 3% = 9%.
b. The formula for calculating the risk premium on a stock is:
Risk premium = (market rate of return - a risk-free rate of return) x beta
Using the given information, we can calculate the risk premium for Zelo, Inc. stock as:
Risk premium = (10% - 4.5%) x 1.23 = 6.75%
Therefore, the amount of the risk premium on Zelo, Inc. stock is 6.75%. This means that investors expect to earn an additional 6.75% return for taking on the additional risk associated with investing in Zelo stock compared to a risk-free investment.
a. The risk premium for common stocks can be calculated by subtracting the return on Treasury bills (risk-free rate) from the return on common stocks. In this case, the average return on common stocks is 12%, and the return on Treasury bills is 3%. Therefore, the risk premium for common stocks is:
Risk premium = 12% - 3% = 9%
So, the correct answer is 9%.
b. To calculate the risk premium on Zelo stock, we first need to determine the expected return on the stock using the Capital Asset Pricing Model (CAPM):
Expected return = Risk-free rate + Beta * (Market rate of return - Risk-free rate)
In this case, the risk-free rate is 4.5%, the beta of Zelo stock is 1.23, and the market rate of return is 10%. Plugging these values into the CAPM formula, we get:
Expected return = 4.5% + 1.23 * (10% - 4.5%) = 4.5% + 1.23 * 5.5% ≈ 4.5% + 6.77% ≈ 11.27%
Now, to find the risk premium for Zelo stock, subtract the risk-free rate from the expected return:
Risk premium = 11.27% - 4.5% = 6.77%
The risk premium on Zelo stock is 6.77%.
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Describe the key regulatory and statutory requirements relating to: a. Employment. b. Health and Safety c. Working with others.
Answers
a. Employment: The key regulatory and statutory requirements relating to employment include providing written employment contracts, complying with minimum wage laws, preventing discrimination, and ensuring proper withholding and remittance of employment taxes.
b. Health and Safety: The key regulatory and statutory requirements relating to health and safety include maintaining a safe work environment, conducting risk assessments, providing safety training, and following occupational health and safety standards.
Employers are legally obligated to provide clear and comprehensive employment contracts to employees, outlining the terms and conditions of their employment. This helps establish the rights and responsibilities of both parties. Compliance with minimum wage laws is crucial to ensure fair compensation for employees. Anti-discrimination laws protect employees from unfair treatment based on various protected characteristics. Employers are responsible for withholding and remitting employment taxes on behalf of their employees to fulfill their tax obligations.
Employers have a legal duty to ensure the health and safety of their employees. This involves implementing measures to prevent accidents, injuries, and illnesses in the workplace. Conducting regular risk assessments helps identify potential hazards and develop appropriate control measures. Providing safety training equips employees with the necessary knowledge and skills to work safely. Compliance with occupational health and safety standards ensures that workplaces meet specific requirements to protect employees' well-being.
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what is an imaginary line that extend horizontally from east to west in a globe?
Answers
Answer:
The imaginary east-west horizontal lines, which run parallel to the equator, are called Latitudes or Parallels.Answer:
The imaginary horizontal lines running in east-west direction on the Earth's surface are known as Latitudes or parallels of Latitude as they are Parallel to each other.
Explanation:
12. One of the benefits of developing a business plan for a new start-up is:
(1 Point)
I shows 91actly how much profit the business will make
it makes sure that the bank will lend all the capital needed
it means that the business start up has no risk of failure
it assists in organising the resources needed for the new business
Answers
Answer:
it assists in organising the resources needed for the new business
Explanation:
A business plan details the mission and objectives of an entity. It explains the nature of business the entity will engage in, the target market, the resources it requires, and the projected revenues and expenses.
A business plan is useful when soliciting resources. Although a business plan does not guarantee a hundred percent financing, It shows how much resources will be required and how they shall be used. This helps the founders to know what is required at what stage and make the necessary arrangements.