1. What are the tools of financial planning, and the steps in the planning process. Provide details for your response. 2. Based on the information in the assigned chapter, state and describe the analytical technique for studying the relationship between sales, revenues, operating costs, and operating profit. Provide details for your response. 3. In its most recent fiscal year, SynoCorp generated $810,000 in sales. The firm was operating at 90 percent capacity. How much more sales can SynoCorp generate before it is at full capacity.

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.