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a) Payment of dividends to shareholders.
b) To pay off liabilities.
c) Purchase of additional assets. By Holy Kofi Ahiabu.
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∙ 11y ago
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Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
What is the most important rule of business?
The most important rule of business is to keep your emotions separate from your business. Do not include family members because they are related to you, keep useful people around you to make your money.
What is the single most important reason to run a business in market economy?
Money and other benefits
Why is it important to forecast the future of the cycle of business activity?
Managers use forecasting so that they are better prepared for ebbs and flows of their business. With more information about business cycles, managers will not waste money.
Why business plan is important?
why business plan is important? It is important for several reasons. If you are applying for a bank loan, trying to get an investor, or raising money in general, nobody is going to give you the time of day if you don't have your business planned out. How much money you need, what for, your purpose of business, marketing, sales strategy, profit projection, and more. Not only is a business plan designed to help you raise capitol, but it also gives you a road map so you know where you are in building your business. Would you drive across country without mapping out a route, determining the mileage, and calculating how much gas you will need and the cost? That's a business plan in a nutshell.
What is important in business?
Making money is an important factor of having a business. Having enough products for the public is also important in business.
Why are customers so important to a business?
If there were no customers, there would be no business. If there is no business, no money.
Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
Discuss how important customers are to a business?
If a business does not have customers then how is the business supposed to get money and pay for the merchandise.
Why is the finance and accounting department important to a business?
Accounting and finance play an important role in the management of any business. Businesses are operated on money, so it is very important to control money in order to have a hold on the business. An accountant of a company helps to manage income and expenses and also the flow of money and thereby direct the course of your business. :D
What is most important for MacDonald's?
their business of course they need the money
Why diamonds mining important?
its really not that important.. its just for business reasons people do it so they can get money from their work.
Why is revenue important to all business's?
Revenue is important because it tells you how much money overall is coming into the business and after subtracting the costs you can see what your overall profit is.
What is important to Scrooge before and after?
Before life realisation it was money and business and after it was people
How important is a cash forecast?
Cash forecast is important so that a business does not run out of money. It is there so that the boss can see how much money is there and cannot say he did not see money crisis coming.
Why is it important for a business to control its costs?
A business does not want to lose money. It could easily be forced to cease operations if the money being spent is more than what is coming in.
What is the most important rule of business?
The most important rule of business is to keep your emotions separate from your business. Do not include family members because they are related to you, keep useful people around you to make your money.
