On a balance sheet would you put the cost of your inventory as what you paid for it or what you can sell it...? -

for or the profit you make on it Thanks :) - new to this.

Closing stock should, in the broadest terms, be valued at whichever is LOWER of cost paid or achievable value.Obviously, as the above poster pointed out, you would actually generally use an accounting policy for valuing your stock, usually AVCO or FIFO (never LIFO, it s now illegal in most countries and against international accounting practises).

The balance sheet has to reflect a true and fair view so the value of your stock would be whatever it is worth as it stands in the open market. That is not necessarily what you paid for it as its value might have gone down and it is likely to be less than the expected retail value (which includes profit margin).There are conventions for keeping a running estimate of stock value (FIFO, LIFO and AvCo ... maybe others since I studied bookkeeping many years ago) though these are no substitute for a proper periodic valuation.If your only choice is between cost price, selling price and profit element, I suggest you use cost price.

Cost priceCost price is a known fact. What you sell it for is an unknown amount (or might end up at a loss).

What font is legal font? -

Just curiuos what - if any - font is considered standard legal font?

There isn t one, but any good readable font works.Times New Roman is very common.

Not sure but I think Times New Roman is the best to use.

Do Scentsy Consultants get a discount when ordering? -

I was thinking about becoming one and really need to know if they get discounts? Thanks

Hi Sara!Technically, Scentsy consultants do not receive a discount on the products. However, I get a lot of free prodcut when I m submitting orders and there are several different ways of doing that. One way is if I have several orders to enter, I enter them as a party order and list myself as the hostess. That allows me to all the hostess free product and 1/2 price items. So technically I don t receive a discount, but I never pay full price for anything. It s tough to give a quick rundown of that, so I apologize if it is confusing. Good luck with your decision. I m having a great time with Scentsy!Lisa

You do get 20-30% commission on products you sell depending on what rank you are. So technically that could be considered a discount. If you order products for yourself, you would be getting back 20-30% of the money you spent. Plus the free and 1/2 price items are a bonus! ~Melanie~Star Scentsy Consultant

Why would someone wanting to start a business wish to become a subway* franchisee? -

*subway (the sandwich shop)

I can t see why anyone at this point in the game would want to. The individual owners are making the smallest profit margins than ever due to the $5 foot long. I read in Newsweek that leaves a profit of 1.38 a sandwich, which is not a lot. If you sell 100 sandwiches in a day, you ve only made $138 profit for the day.On top of that, most small to medium size cities already have at least one, if not two or more. The internal competition coupled with external competition and pricing makes it a very risky venture.

A little birdy told me that her store sells roughly 60 sandwiches an hour during the busy hours of the day and anywhere from 20-45 sandwiches all other hours that day.. if your in a crappy location i might believe just 100 sandwiches in a day but around here its way more.. WAAAAY more.. Report Abuse

I want to open an adult entertainment business,one like Dave and busters where adults can relive their youth!? -

One where adults can play ping-pong, pool, board games, watch sports, eat good food and various video games. What do you think? Would adults want to play these games?

pay to play board games and ping pong? doubtful - they will stay home if they want to play video games other than arcade games (which cost a lot of money) and are really not played as much as they were back in the 1980 s - pool tables always make some money in barsDave and Busters probably cost a fortune to open - they charge $2-4 to play their video games - a lot more than your typical arcade - it s not worth it to me to go there for that expense

That is called a Sports Bar, my friend.But yes, if you can market it right and there are not Alot of bars in your area, you could prolly be successful.

Where do I post idea for a moovie? -

I want to post an idea for a movie. I want to post it to disney, but I can t find anywhere to post it. Can anyone help me? And please post the exact location and make sure it s not fake. Thx in advance.

You have to be very careful where you post your movie idea because there is a chance that someone could steal your idea and claim it as their own!There are sites online where you can make your pitch to various people in the business without having to worry about them stealing your idea. Find the legitimate ones first before you start posting! I also know that there are a few good books out there that will be able to help you as well!

Do you ever feel guilty about wiping out a business rival? -

I had someone in my area who started his business before I did. He insulted me the first time I met him, then he was friendly for a bit and now he insults me againThe truth is I charge less because I don t have a family and don t need as much to live on.Now I doubt he can make a living anymore, but I feel guilty... should I?

No not at all,,I do it via my work,,

I have no problem doing this if the other guy isn t a decent person. Otherwise I might feel a little guilty, but it s still business, and you do what you can to get ahead. I m doing the same exact thing. : ) I do IT work. I was at an office that had called me to fix some problems. Their former IT guy happened to come by (i don t know what he came for) and started talking to me. He asked what I charge, and I told him. (I m not cheap, I just undercut the average going rates a little) He started laughing and told me he charges double, so I m no threat to him and that I m a joke. He went on to say I m not a real professional.Well, I ve taken a few more of his former clients due to the word of mouth from the first one. And this isn t only because of the price, they are genuinely happier with my work than his. If you do good work and charge as much as you need to, there s no need to worry about the competition s well being. We re human and can t help but feel bad for the misfortune of others, but you can t let that stop you from thriving.

It is very understandable why you feel guilty. He has a family to feed and you feel like you are going to make it so that he won t be able to feed his family. The insults are not why you are doing what you are doing but it help your conscience. Before you undercut him on price to the point that you run him out of business, ask yourself this. Would you have more business than him if you charged the same? If it was just about quality and service, would you still be taking his business. If you can honestly answer yes to that question, then you have nothing to feel guilty about.

Dont feel guilty!! If he had the chance he would surely do you out of business. Business is business - not personal. You have not look out for yourself in this big world. Keep doing it!!!

That s the way it is. You re not killing him, you re just telling him he should make his money at something else.