A good business goal should have the qualities of being stated simply, easily understandable, and fitting within the business mission.
Stated Simply: A business goal that is stated simply is easy to remember and communicate to others, making it more likely to be achieved. When a goal is complex or convoluted, it can be difficult to keep in mind and to communicate with others, which can lead to confusion and misunderstandings.
Easily Understandable: Similarly, a goal that is easily understandable is more likely to be achieved, as all team members can be clear on what they are working towards. When a goal is vague or unclear, it can be difficult to determine what steps need to be taken in order to achieve it, which can lead to a lack of progress.
Fits within the Business Mission: A goal that fits within the business mission ensures that all work is aligned towards the overall purpose and vision of the business. This helps to create a sense of cohesion and purpose among team members, which can lead to increased motivation and better results.
Flexible: A business goal that is flexible is able to adapt to changes in the business environment and respond to unexpected challenges. This quality is important, as the business landscape is constantly changing, and being able to pivot and adjust as needed is crucial for success.
Therefore, a good business goal should have the qualities of being stated simply, easily understandable, and fitting within the business mission. These qualities ensure that the goal is achievable and can help guide the business towards success. Flexible is also a good quality for a business goal to have, as it allows for adaptations and changes in response to the ever-changing business landscape.
For more such questions on Business goal.
https://brainly.com/question/30026826#
#SPJ11
multiple choice question jack works on the production line at an assembly plant. jack receives a base salary plus $1.25 per unit assembled. this is an example of a cost. multiple choice question. mixed fixed step-wise
The compensation structure of Jack, who receives a base salary plus $1.25 per unit assembled, is an example of a mixed cost.
A mixed cost is a type of cost that includes both fixed and variable components. In Jack's case, his base salary is a fixed cost, as it does not change regardless of the number of units he assembles. The $1.25 per unit assembled is a variable cost, as it increases as Jack produces more units.
The total cost of Jack's compensation, therefore, is a combination of the fixed and variable components. Mixed costs are common in many businesses, where certain costs remain constant while others fluctuate based on production or sales volume.
In conclusion, the answer is ''mixed.''
See more about mixed cost at https://brainly.com/question/23877958.
#SPJ11
which of the following is not a source of monopoly power? multiple choice question. patents economies of scale free entry and exit economies of scope
Free entry and exit in economy is not a source of monopoly power.
What is a monopoly power?In reality, monopolies are pretty similar. A single corporation that controls a market or sector is referred to as a monopoly in the business world. A monopoly exists when there is just one alternative available to customers in a market.
A monopolist is another word that is used to describe a monopoly or monopoly power. A monopolist is a person or business that either dominates the market as the only seller or has such a significant impact that they are able to ignore the competition.
To know more about Monopoly power -
https://brainly.com/question/30031239
#SPJ1
security treasury aaa corporate bbb corporate b corporate yield (%) 1.6 5.4 6.8 6.9 the above table shows the yields to maturity on a number of two-year, zero-coupon securities. what is the credit spread on a two-year, zero-coupon corporate bond with a b rating?
The answer is that the credit spread on a two-year, zero-coupon corporate bond with a B rating is 3.8 percent.
The credit spread on a two-year, zero-coupon corporate bond with a B rating can be calculated as follows:
The credit spread = yield of B-rated corporate bond - risk-free yield
Where yield of B-rated corporate bond = yield of BBB corporate bond + credit spread
To determine the credit spread for a B-rated corporate bond, you must first determine the yield for the BBB-rated corporate bond. Using the data from the table, the yield for a two-year, zero-coupon BBB-rated corporate bond is 5.4 percent. To calculate the credit spread, use the formula:
Credit spread = Yield of B-rated corporate bond - Risk-free yield= (Yield of BBB corporate bond + Credit spread) - Risk-free yield= 5.4% + Credit spread - 1.6%= 3.8% + Credit spread
The above equation can be rearranged to solve for credit spread, which is as follows:
Credit spread = Yield of B-rated corporate bond - Risk-free yield= (Yield of BBB corporate bond + Credit spread) - Risk-free yield= 5.4% + Credit spread - 1.6%= 3.8% + Credit spread
Credit spread - Credit spread = 3.8%
Credit spread = 3.8%
The credit spread for a two-year, zero-coupon B-rated corporate bond is 3.8 percent.
Therefore, the answer is that the credit spread on a two-year, zero-coupon corporate bond with a B rating is 3.8 percent.
To know more about Credit Spread:
https://brainly.com/question/30545974
#SPJ11
the price elasticity of supply group of answer choices will be positive when supply is elastic and negative when it is inelastic. will be negative when supply is elastic and positive when it is inelastic. will always be positive. will be positive when demand for the good is inelastic. will be positive when demand for the good is elastic.
The price elasticity of supply will be negative when supply is elastic and positive when it is inelastic (option b).
Price elasticity of supply can be defined as the percentage change in quantity supplied divided by the percentage change in price.
When supply is elastic, a small change in price will result in a relatively larger change in the quantity supplied. This means that the price elasticity of supply will be greater than zero but less than one, and therefore negative.
In this case, the quantity supplied is more sensitive to price changes, and supply is said to be elastic, resulting in a negative price elasticity of supply.
In conclusion, price elasticity of supply measures the sensitivity of supply to changes in price. When supply is elastic, the price elasticity of supply will be negative, and when supply is inelastic, the price elasticity of supply will be positive.
Hence the right choice is (b).
To know more about elasticity here
https://brainly.com/question/28790459
#SPJ4
whether a client wants to share a lot and needs a lot of empathy from the relationship or just wants to get down to business and avoid anything too personal is defined as:
Whether a client wants to share a lot and needs a lot of empathy from the relationship or just wants to get down to business and avoid anything too personal is defined as a client's communication style.
What is empathy?Empathy is the ability to connect with other people's feelings and understand their perspective. It's beneficial for everyone who wants to build strong personal and business relationships to have empathy because it helps them understand what others are feeling and connect with them on a deeper level.
What is a business?A business is an organization that provides goods or services to customers in exchange for money. It is the process of making money by providing people with something that they want or need.
Businesses are either private, non-profit, or government-owned entities. They can be a sole proprietorship, a partnership, or a corporation, depending on the structure chosen by the owner.
To know more about business refer here
https://brainly.com/question/3407426#
#SPJ11
dr. ortiz wants to carefully follow a select group of college students who are interested in careers with high-profile finance firms. she selects nine students who are currently juniors and seniors and will follow them for a few years to collect rich data on their choices and careers. which type of approach is this?
This is an example of a longitudinal study approach. A longitudinal study is a research method that involves observing the same subjects over a period of time. This type of research is beneficial for researchers because it provides a more detailed look into the development of a certain topic or phenomenon.
It allows researchers to measure changes over time, which can reveal patterns of behavior or changes in attitudes. In this case, Dr. Ortiz is collecting rich data on the choices and careers of a select group of college students interested in high-profile finance firms.
By following these students for a few years, she will be able to track how their careers and choices change over time.
Longitudinal studies often take the form of surveys or interviews, which can provide information about the same individuals at different points in time.
This type of research is particularly useful for understanding the development of behavior and attitudes. However, longitudinal studies can also be used to understand the differences between people, such as those who have achieved a certain level of success compared to those who have not.
By comparing data collected at different points in time, researchers can gain insights into why some individuals have achieved success while others have not.
Overall, a longitudinal study is an effective research method for gathering detailed data on a phenomenon over time. By following a select group of college students interested in high-profile finance firms, Dr. Ortiz will be able to gain valuable insights into their choices and career paths.
To know more about longitudinal here
https://brainly.com/question/8497711
#SPJ11
if the nominal exchange rate is 1.3 canadian dollars per us dollar, the canadian cost of the basket is 160,000 canadian dollars and the us cost of the basket is $120,000, find the purchasing power parity.
If the nominal exchange rate is 1.3 Canadian dollars per us dollar, the Canadian cost of the basket is 160,000 Canadian dollars and the us cost of the basket is $120,000, the purchasing power parity will be 1.33.
Purchasing Power Parity (PPP) is an economic concept that measures the relative purchasing power of different currencies by comparing the prices of goods and services in different countries. PPP takes into account the fact that the same item may have a different price in different countries, even when exchanged at the same exchange rate.
The purchasing power parity between the Canadian dollar and the US dollar can be calculated using the nominal exchange rate of 1.3 Canadian dollars per US dollar.
If the Canadian cost of the basket is 160,000 Canadian dollars and the US cost of the basket is $120,000, the purchasing power parity is calculated by dividing the Canadian cost by the US cost:
Purchasing Power Parity = 160,000/120,000 = 1.33
This means that the Canadian dollar is 1.33 times stronger than the US dollar.
To know more about Purchasing Power Parity, click on the link below:
https://brainly.com/question/29614238#
#SPJ11
assume that only purchasing costs are being considered. which machine would have the lowest total cost, and how many of that machine would be needed? machines operate 10 hours a day, 250 days a year.
Machine 2 has the lowest total cost, making it the most cost-effective option to fulfill the production requirements.
Given that only the purchasing cost is being considered, the machine that would have the lowest total cost would be the machine that has the lowest purchasing cost per unit of time.
The number of that machines that would be needed would be determined by the total time required divided by the time that the machine can produce. Assuming that the machines operate 10 hours a day, 250 days a year, the total time required would be 2500 hours.
Hence, we can calculate the purchasing cost per unit of time for each machine as follows:
Machine 1: Purchasing cost = $50,000; Production rate = 200 units/hour; Purchasing cost per unit of time = $50,000 / 200 = $250 per hour
Machine 2: Purchasing cost = $100,000; Production rate = 500 units/hour; Purchasing cost per unit of time = $100,000 / 500 = $200 per hour
Therefore, machine 2 would have the lowest total cost, and the number of that machines needed would be calculated as follows:
The number of machines 2 = Total time required / Time required per machine 2= 2500 / 500= 5 machines of type 2.
Therefore, machine 2 is the most cost-effective option and 5 machines are required.
To know more about the purchasing cost click here:
https://brainly.com/question/28446697
#SPJ11
the reasons why many new products fail include: multiple select question. too early to market poor packaging too few differences from competitors poor positioning
Many new products fail because:
poor packaging poor positioning too late to marketThere are several reasons why new products fail, and poor packaging, poor positioning, and being too late to market are three common factors. Poor packaging can make it difficult for a product to stand out on the shelf and may not effectively communicate the benefits of the product to consumers. Poor positioning can lead to a product being marketed to the wrong audience or not emphasizing its unique selling points.
Being too late to market means that competitors may have already established a foothold, making it difficult for a new product to gain traction. By addressing these issues through effective marketing strategies and product development, companies can increase their chances of success when launching new products.
Learn more about new products fail https://brainly.com/question/29669041
#SPJ11
june is investing in a home cleaning franchise. at her first interview with the franchisor's selling agent, she was told the parent company expects 5% royalties. what are royalties?
In June's case, the franchisor is expecting 5% royalties, meaning they would be entitled to 5% of June's profits from the home cleaning franchise.
Royalties are a percentage of profits that is paid to the parent company of the franchise. In this case, the parent company is expecting 5% of June's profits to be paid to them as royalties. Royalties are payments made by one party (the licensee) to another (the licensor) for the right to use the licensor's property (such as intellectual property, copyrights, trademarks, patents, or natural resources).
Here you can learn more about royalties https://brainly.com/question/30582792
#SPJ11
how much money does suzie need to have in her retirement savings account today if she wishes to withdraw $25,000 a year for 3 years? she expects to earn an average rate of return of 13 percent.
Suzie needs to have a total of $80,513.50 in her retirement savings account today in order to withdraw $25,000 a year for 3 years and earn an average rate of return of 13 percent.
The calculation is as follows:
First, calculate the future value of the withdrawals over the 3 year period. This is done by multiplying the amount of each withdrawal by the total number of payments over the 3 year period.
In this case, the total number of payments is 3, and the amount of each withdrawal is $25,000. Thus, the future value of the withdrawals is $75,000.
Next, calculate the present value of the future withdrawals. This is done by dividing the future value by the present value factor.
The present value factor is the number obtained by raising the rate of return to the power of the number of years.
In this case, the rate of return is 13 percent, and the number of years is 3. Thus, the present value factor is 1.401. Therefore, the present value of the future withdrawals is $53,548.
Finally, subtract the present value of the future withdrawals from the future value of the withdrawals to obtain the amount needed to have in the account today.
In this case, the amount needed to have in the account today is $80,513.50.
To summarize, Suzie would need $80,513.50.
To know more about rate of return, refer here:
https://brainly.com/question/14378808#
#SPJ11
a job is done slowly, while an identical job is done quickly. both jobs require the same amount of work, but different amounts of power. energy. effort. none of these
The difference between the slow and quick completion of identical jobs requiring the same amount of work is the amount of "power" used.
Power is the rate at which work or job is done, so if the same amount of work is done in less time, more power must be used. This can be achieved through a variety of means, such as using more efficient equipment or applying more force to the task at hand. In contrast, completing the same amount of work in a longer period of time (slowly) requires less power. Therefore, the key difference between the slow and quick completion of identical jobs is the amount of power used to complete the task.
Learn more about power https://brainly.com/question/1634438
#SPJ11
how do organizations utilize blogs? check all that apply. to improve customer relations internal communications to develop relationships to make job offers to create engagement
The organizations utilize blogs to develop relationships (option b)
Blogs have become a popular tool for organizations to connect with their audience and stakeholders.
Blogs can also be used to develop relationships with other organizations and influencers in the industry. By writing guest posts for other blogs or featuring guest posts on their own blog, organizations can expand their reach and connect with new audiences. Additionally, organizations can use their blog to highlight partnerships and collaborations with other businesses or organizations.
By using their blog to improve customer relations, develop relationships, make job offers, and create engagement, organizations can build stronger connections with their audience and achieve their digital marketing objectives.
Hence the correct choice is (b).
To know more about blog here
https://brainly.com/question/31256836
#SPJ4
Complete Question:
How do organizations utilize blogs?
check all that apply.
a) to improve customer relations internal communications
b) to develop relationships
c) to make job offers
d) to create engagement
the offeror can withdraw the contract at any time before the offeree's acceptance of the contract is
The statement "the offeror can withdraw the contract at any time before the offeree's acceptance of the contract" is related to the Law of Contracts.
A contract is a legally binding agreement between two or more parties. It can be written or spoken, but it must include an offer, acceptance, and consideration. A person who makes an offer is referred to as an offeror, while the person who accepts it is referred to as an offeree. The offeror is free to revoke or withdraw the offer until it has been accepted by the offeree.
In legal terms, this is referred to as the "revocation" of the offer. The offeror can revoke the offer at any time before the offeree accepts it by giving the offeree notice of the revocation. The offeror can withdraw the contract at any time before the offeree's acceptance of the contract by giving notice to the offeree that the offer has been withdrawn. Once the offeree has accepted the offer, a contract is formed, and the offeror can no longer withdraw it.
In conclusion, before the offeree accepts the offer, the offeror has the right to revoke or withdraw the offer at any time by giving notice of revocation or withdrawal. Once the offer has been accepted, however, the offeror is bound to the contract, and neither party can withdraw or revoke it.
To know more about offeror click here:
https://brainly.com/question/30195903
#SPJ11
4. in exercise 3, you used a $100 gas card that you purchased with a credit card. the credit card gave you a 5% rebate on the purchase. including this rebate, what did you actually pay for each gallon of gasoline in exercise 3?
After factoring in the 5% rebate from the credit card, we actually paid $2.71 for each gallon of gasoline in exercise 3.
What is Gasoline?
Gasoline, also known as petrol or gas, is a flammable liquid fuel that is primarily used to power internal combustion engines in vehicles such as cars, motorcycles, boats, and airplanes. Gasoline is derived from crude oil through a refining process, which involves separating different hydrocarbons from the crude oil and blending them in specific ratios to create gasoline.
In exercise 3, we calculated the cost per gallon of gasoline as $2.75.
To calculate the cost per gallon of gasoline after factoring in the 5% rebate from the credit card, we need to first calculate the amount of the rebate.
The gas card cost $100, and the rebate is 5% of this amount, so the rebate is:
$100 x 0.05 = $5
So we received a $5 rebate on the $100 gas card purchase.
To calculate the actual cost per gallon of gasoline, we need to subtract the rebate from the total cost of the gasoline:
$100 - $5 = $95
We can now divide the total cost of the gasoline by the number of gallons purchased:
$95 ÷ 35 = $2.71
Therefore, after factoring in the 5%
Learn more about Gasoline from given link
https://brainly.com/question/639934
#SPJ1
which area of classical management should you study to learn more about managing the total organization?
To learn more about managing the total organization in the context of classical management, one should study the principles of administrative management.
Administrative management focuses on the design and management of the entire organization, including its structure, policies, procedures, and processes.
One of the key figures in the development of administrative management was Henri Fayol, who identified five functions of management: planning, organizing, commanding, coordinating, and controlling.
Fayol believed that managers at all levels of the organization should be responsible for these functions, and that an effective organization required a clear hierarchy of authority and communication.
In addition to Fayol's work, other early management theorists such as Frederick Taylor and Max Weber also contributed to the development of administrative management principles.
Taylor's scientific management approach emphasized the use of systematic analysis and measurement to improve efficiency and productivity, while Weber's bureaucratic management theory focused on the importance of clear rules and procedures for achieving organizational goals.
Overall, the principles of administrative management provide a framework for understanding how to design and manage an effective organization.
By studying these principles, managers can gain insights into how to structure their organization, delegate authority, establish policies and procedures, and monitor performance in order to achieve their goals and objectives.
For more details about organization click here:
https://brainly.com/question/18338759#
#SPJ11
medusa inc. owns 62% of the outstanding voting shares of gorgon inc. common stock and plans to hold the shares indefinitely. which classification or method will medusa use to account for its investment in gorgon? group of answer choices investment in trading securities investment in available for sale securities equity method consolidation method
The classification or method will medusa use to account for its investment in gorgon is equity method. (option c).
In this case, Medusa Inc. owns 62% of the outstanding voting shares of Gorgon Inc., which gives it significant influence over Gorgon's decision-making process. Therefore, the equity method is the appropriate classification for Medusa Inc. to account for its investment in Gorgon.
Under the equity method, Medusa Inc. will record its investment in Gorgon as an asset on its balance sheet. Medusa Inc. will also recognize its share of Gorgon's earnings or losses on its income statement. This is based on Medusa Inc.'s percentage ownership of Gorgon Inc.'s outstanding shares.
The equity method allows for a more accurate representation of Medusa Inc.'s investment in Gorgon because it takes into account the significant influence that Medusa Inc. has over Gorgon's operations. This method is also appropriate when the investor intends to hold the investment for a long period of time, as is the case with Medusa Inc. and Gorgon Inc.
Hence the correct option is (c).
To know more about investment here
https://brainly.com/question/15353704
#SPJ4
A steel manufacturing company is going through a financial crisis because of which it is unable to pay its employees and suppliers their dues. The management of the company sells some of the fixed assets of the company to cover these expenses. In the context of the statement of cash flows, the company gets the required capital by engaging in _____.
A) investing activities
B) financing activities
C) operating activities
D) budgeting activities
In the context of the statement of cash flows, the company gets the required capital by engaging in investing activities. (option a)
What are investing activities?Investing activities are a category of cash flow that describes a company's buying or selling of capital assets, investments, or securities. Fixed assets, such as property, plant, and equipment, are commonly referred to as capital assets.
These assets are frequently exchanged or sold to provide liquidity for the company or to obtain income for reinvestment purposes.
Purchases of fixed assets, such as land, buildings, machinery, and vehicles, are also classified as investing activities.The primary aim of investing activities is to utilize funds to generate a return on investment. It is done by acquiring or disposing of long-term assets such as property, plant, and equipment.
To know more about investing activities visit:
https://brainly.com/question/30163896
#SPJ11
for division of labor to work, there must be a minimum of four employees. group startstrue or falsetrue, unselectedfalse
For the division of labor to work, there must be a minimum of four employees is a False statement.
The distribution of tasks, operations, and processes to one or more employees is known as the division of labor. It enables firms to increase productivity, enhance organizational management and work culture, and facilitate innovation.
The division of labor is not influenced by the number of employees in a firm. It is dependent on the type of job and the work culture of the company. It can be applied to small, medium, and large businesses alike.
To put it simply, division of labor entails dividing a project into several manageable parts, each of which can be assigned to a group of workers with complementary skills who work together to achieve the end objective.
Learn more about division of labor here: https://brainly.com/question/2671091
Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year-end trial balance contained the following income statement items:
Account Title Debits Credits
Sales revenue $ 12,500,000
Interest revenue 50,000
Loss on sale of investments $100,000 Cost of goods sold 6,200,000 Selling expenses 620,000 General and administrative expenses 1,520,000 Interest expense 40,000 Research and development expense 1,200,000 Income tax expense 900,000
Based on the provided information regarding Pandora Corporation's income statement items, the company’s operating income for the year is $3,010,000.
To calculate Pandora Corporation's operating income for the year ending December 31, 2021, follow these steps:
1. Calculate total revenue:
Sales revenue + Interest revenue
Total revenue = $12,500,000 + $50,000 = $12,550,000
2. Calculate total expenses:
Cost of goods sold + Selling expenses + General and administrative expenses + Research and development expense
Total expenses = $6,200,000 + $620,000 + $1,520,000 + $1,200,000 = $9,540,000
3. Calculate operating income: Total revenue - Total expenses
Operating income = $12,550,000 - $9,540,000 = $3,010,000
Pandora Corporation's operating income for the year ending December 31, 2021, is $3,010,000.
Note: The question is incomplete. The complete question probably is: Pandora Corporation operates several factories in the Midwest that manufacture consumer electronics. The December 31, 2021, year-end trial balance contained the following income statement items:
Account Title Debits Credits
Sales revenue $ 12,500,000
Interest revenue 50,000
Loss on sale of investments $100,000
Cost of goods sold 6,200,000
Selling expenses 620,000
General and administrative expenses 1,520,000
Interest expense 40,000
Research and development expense 1,200,000
Income tax expense 900,000
Calculate the company’s operating income for the year.
Learn more about Operating income:
https://brainly.com/question/30257786
#SPJ11
the united states is best known as a question content area bottom part 1 a. mixed economic system. b. command and control system. c. pure price system. d. dictatorship.
The United States is best known as a mixed economic system. Option (A) is correct answer. An economy is the process of creating wealth.
The economy encompasses all of the different activities that contribute to the production and distribution of goods and services in a region or country.
The United States is known as a mixed economic system because it combines aspects of both capitalist and socialist economic systems, as well as public and private enterprise.
In a mixed economy, the government regulates the economy and helps ensure that it functions smoothly. The private sector is allowed to operate without interference from the government, but the government can also step in if needed to address market inefficiencies or other problems.
The United States' economy is one of the largest in the world, with a GDP of over $20 trillion. It is driven by a diverse range of industries, including technology, healthcare, finance, and manufacturing.
Therefore option (A) is the correct answer.
Learn more about US economy https://brainly.com/question/1106682
#SPJ11
true or false: the departmental overhead rate method uses a three-step process where costs are assigned to cost pools in the first step and overhead rates are computed in the last step. true false question. true false need help? review t
True. The Departmental Overhead Rate Method is a three-step process for allocating overhead costs are assigned to cost pools in the first step and overhead rates are computed in the last step.
In the first step, all overhead costs are divided into two or more cost pools based on their functions. The second step involves allocating costs from each cost pool to the activities or products that are responsible for creating them.
Finally, in the third step, an overhead rate is computed by dividing the total costs from each cost pool by the activity or product's activity driver.
The Departmental Overhead Rate Method is beneficial in that it allows for more accurate cost allocations. Since the overhead rate is based on the actual cost of each cost pool, it is able to capture more of the actual costs associated with each activity or product.
This helps organizations allocate costs more accurately and more fairly, which ultimately leads to better decisions. Additionally, the Departmental Overhead Rate Method is more cost-effective than traditional methods, as it does not require manual calculations for each activity or product.
To know more about departmental overhead rate, click the below link
brainly.com/question/29583640
#SPJ11
fairlane company. has an roa of 9 percent and a payout ratio of 30 percent. what is its internal growth rate? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
If Fairlane Company has an ROA of 9 percent and a payout ratio of 30 percent, the internal growth rate is 6.79%.
The internal growth rate is calculated using the formula:
Internal growth rate = (ROA × Retention rate) / [1 − (ROA × Retention rate)].
In the given case, ROA = 9% and Retention rate = 100 - payout ratio = 100 - 30 = 70%.
Plugging in the values in the formula,
Internal growth rate = (ROA × Retention rate) / [1 − (ROA × Retention rate)]
= (9% × 70%) / [1 − (9% × 70%)]
= (0.09 × 0.70) / [1 − (0.09 × 0.70)]
= 0.063 / [1 − 0.063]
= 0.0679 or 6.79%
Therefore, the Internal growth rate of Fairlane Company is 6.79% (approx).
Learn more about Internal growth rate:
https://brainly.com/question/28428895
#SPJ11
the following data pertains to activity and costs for two months: june july activity level in units 10,000 11,000 direct materials $ 17,000 $ ? fixed factory rent 21,000 ? other production costs 20,000 ? total cost $ 58,000 $ 61,300 assuming that these activity levels are within the relevant range, the other production costs for july were
The other production costs for July were $23,300.
Here's how to get to the answer:Direct Materials is a variable cost because it increases in direct proportion to the increase in production or activity level. Fixed Factory Rent is a fixed cost because it does not vary with changes in the production level.Other Production Costs can include a mix of variable and fixed costs, so we can't assume that it is either one of them.
Therefore, we will need to calculate the Other Production Costs for July using the High-Low method.The High-Low method can be used to separate the variable and fixed components of mixed costs. It involves selecting the highest and lowest activity levels, identifying the total costs incurred at those levels, and calculating the variable cost per unit and the fixed cost component.
We will begin with calculating the variable cost per unit.Variable Cost per Unit = (Costs at High Activity Level - Costs at Low Activity Level) / (High Activity Level - Low Activity Level)= ($61,300 - $58,000) / (11,000 - 10,000)= $3.30 per unitNext, we will use the variable cost per unit to calculate the fixed cost component.Fixed Costs = Total Costs - (Variable Cost per Unit x Number of Units)= $61,300 - ($3.30 x 11,000)= $22,800
Finally, we can use the fixed cost component to calculate the Other Production Costs for July.Other Production Costs for July = Total Costs - (Direct Materials + Fixed Factory Rent + Fixed Costs)= $61,300 - ($17,000 + $21,000 + $22,800)= $23,300Therefore, the Other Production Costs for July were $23,300.
The complete question is:
The following data pertains to activity and costs for two months:
JuneJulyActivity level in units 10,000 11,000 Direct materials$17,000 $? Fixed factory rent 21,000 ? Other production costs 20,000 ? Total cost$58,000 $61,300
Assuming that these activity levels are within the relevant range, the other production costs for July were: (Round intermediate calculations to 2 decimal places.)
To know more about production costs refer here:
https://brainly.com/question/16677716
#SPJ11
which point on the leadership grid has proven to consistently be the best form of leadership? group of answer choices authority compliance country club middle-of-the-road team behaviors there is no best style
Team Management leadership style has proven to be the best form of leadership. In this style, the leader values both people and productivity equally. Leaders who use this style are successful because they use teamwork to achieve high levels of productivity and good working relationships.
According to the leadership grid, which point has proven to be the best form of leadership?
The leadership grid developed by Blake and Mouton has five basic styles of leadership. A clear picture of the leader's leadership style can be formed from the position on the grid where the two axes meet. The best form of leadership based on the leadership grid has proven to be the 9,9 point on the grid, which is known as the Team Management leadership style. This leadership style, according to Blake and Mouton, is the most successful and effective one.
What is the leadership grid?
The leadership grid was created by Blake and Mouton to assess a leader's style. The vertical axis represents a manager's concern for production or results, whereas the horizontal axis represents their concern for people. The grid has five fundamental styles, which are as follows: Authority-Compliance, Country Club, Middle-of-the-Road, Impoverished, and Team Management.
The Authority-Compliance leadership style places a greater emphasis on productivity and a lesser emphasis on people. Leaders are often referred to as task masters, and their approach is based on formal authority. The Country Club style of leadership puts a higher value on the people and relationships than on the task. As a result, productivity suffers. The Middle-of-the-Road style of leadership aims to achieve a balance between productivity and people.
For more about leadership:
https://brainly.com/question/30545607
#SPJ11
compare and contrast management education, management training, and on the-job experiences. how can these be combined in a strategic management development program?
Management Education focuses on developing the skills and knowledge of management in a formal, structured environment. It is comprehensive learning but it is expensive. Management Training focuses on teaching and developing skills in the workplace or through an external program. It is less expensive but limited in scope. On-the-Job Experiences involve learning from direct involvement and experience. It is the quickest learning approach but is limited to specific business. A strategic management development program can combine all three components for a comprehensive approach to management.
Management education, management training, and on-the-job experiences are three approaches to training for management positions.
Compare and ContrastManagement education is an academic degree or programme that teaches people about management principles and concepts. It may be achieved at the undergraduate or graduate level, and it can be obtained online or on campus. Management education can offer you a comprehensive grounding in the theories of management and give you a systematic way to approach complex management issues.
On the other hand, management education may be costly and take years to finish, which may be impractical for someone looking for a quick way to gain management skills.
Management training, on the other hand, is a learning opportunity that focuses on a specific skill or competence, such as communication, problem-solving, or leadership. Management training sessions may be offered in-house by the company or by external consultants, and they typically take place in a classroom or online.
Management training sessions are usually shorter and less expensive than management education programmes, but they may not offer a comprehensive understanding of management principles and may not provide long-term development opportunities.
On-the-job experience is a learning opportunity that comes from working in a management position or shadowing someone who is in a management position. On-the-job experience provides an immersive environment where management principles and concepts can be put into practice.
On-the-job experience may provide long-term growth and development opportunities, and it is often the quickest way to learn management skills. However, on-the-job experience may be limited to the specific business or industry in which the person is working, and it may be difficult to develop a comprehensive understanding of management principles.
Strategic Management DevelopmentTo build a strategic management development program that combines management education, management training, and on-the-job experiences, follow these steps:
Define the objectives of the program.Identify the competencies that need to be developed.Design a curriculum that includes management education, management training, and on-the-job experiences.Establish a timeline for the program.Determine how the program will be assessed and evaluated.Determine how the program will be delivered (online, in-person, hybrid, etc.).Determine how the program will be financed.Finally, to ensure that your strategic management development program succeeds, you must collaborate with all stakeholders, including the organisation's leaders, employees, and management staff, to establish expectations and support for the programme.
Learn more about On-the-job experience:
https://brainly.com/question/28963242
#SPJ11
what project stakeholder management process intricately and dynamically supports project communications management?
The Project Stakeholder Management Process intricately and dynamically supports Project Communications Management.
What is the Project Stakeholder Management Process?
The process of developing and executing strategies for engaging with project stakeholders throughout the project life cycle, based on the assessment of their demands, interests, and potential involvement in the project, is referred to as project stakeholder management.
A stakeholder is anyone who is impacted by the project or who can influence it. Stakeholders may be external to the organisation or work for the organisation. They have the ability to impact the project and its outcome in some way, either positively or negatively.
Project Communications Management involves all communications related to project activities including planning, scheduling, reporting, status updates, change requests, etc.
The Project Communications Management Plan defines communication requirements for the project and the stakeholders. The plan identifies the information needs of the stakeholders, who needs the information, what information they need, when they need it, and how it should be provided. The plan also specifies the communication methods to be used and the frequency of communication.
The Project Stakeholder Management Process and Project Communications Management Process are interdependent processes. Communication is essential in project stakeholder management. It's the only way to communicate with stakeholders and keep them informed of project progress.
Project stakeholder management includes the following processes:
Identifying Stakeholders: identifying all individuals or groups impacted by the project, who can influence it or have an interest in it. This process helps to identify the stakeholders who need to be communicated with and how they should be communicated.
Planning Stakeholder Engagement: developing strategies for engaging with stakeholders throughout the project life cycle, based on the assessment of their demands, interests, and potential involvement in the project.
Managing Stakeholder Engagement: implementing stakeholder engagement strategies by communicating with stakeholders, managing their expectations, and addressing their concerns. The objective of this process is to keep stakeholders engaged in the project and supportive of its outcomes.
Controlling Stakeholder Engagement: monitoring stakeholder engagement and adjusting strategies as needed to maintain stakeholder support for the project.
To learn more about project stakeholder management, refer below:
https://brainly.com/question/30463383
#SPJ11
pearson brothers recently reported an ebitda of 7.650 million usd and net income of 1.790 million. the firm had 1.678 million of interest expense. the firm's corporate tax rate was 40.0%. calculate the charge for depreciation and amortization.
The charge for depreciation and amortization for Pearson Brothers is 4.182 million USD.
Depreciation and Amortization Expense is the accounting method used to allocate the cost of an asset over its useful life.
To calculate the depreciation and amortization expense, we can use the following formula
EBITDA = Net Income + Interest Expense + Depreciation & Amortization Expense
Rearranging the formula, we can solve for Depreciation & Amortization Expense
Depreciation & Amortization Expense = EBITDA - Net Income - Interest Expense
Substituting the given values in the equation , we get
Depreciation & Amortization Expense = 7.650 million - 1.790 million - 1.678 million
Subtract the numbers
Depreciation & Amortization Expense = 4.182 million USD
Learn more about Depreciation & Amortization Expense here
brainly.com/question/25530648
#SPJ4
organizational awards and promotions are ways in which organizations publicly recognize and reward employees' contributions. these are .
Organizational awards and promotions are ways in which organizations publicly recognize and reward employees' contributions. These awards and promotions typically come in the form of monetary bonuses, certificates, and public recognition.
For example, an organization may give a bonus or a certificate to an employee who has achieved a goal or reached a milestone. This bonus or certificate is a way of publicly recognizing the employee's contributions to the organization.
Additionally, promotions are a way of publicly rewarding employees' efforts. Promotions are typically in the form of a title change and can result in increased pay or responsibilities.
Organizations use awards and promotions to publicly recognize the contributions of their employees and reward them for their hard work and dedication.
To know more about Organizations refer here:
https://brainly.com/question/13278945#
#SPJ11
A firm trying to compete with the leading firm in a competitive industry can try to negate the leading firm's competitive advantage through __. -direct imitation-engaging in perfect competition-substitution-value-added resources
A firm trying to compete with the leading firm in a competitive industry can try to negate the leading firm's competitive advantage through value-added resources.
What is competitive advantage?A competitive advantage is the unique competitive element that provides a business with a better advantage than its rivals. It allows the company to create greater profits than its rivals since it has something that they do not. It's a unique edge that a company has over its rivals, enabling it to create greater profits than them.
There are several techniques to negate the leading firm's competitive advantage, including value-added resources, direct imitation, substitution, and engaging in perfect competition. However, among all of these techniques, the most effective one is the use of value-added resources.
What are Value-Added Resources?Value-added resources are the resources that a company owns, which are not readily available to its rivals. These resources allow the company to offer something unique to the market that its rivals cannot. It could be anything from a proprietary technology to a skilled workforce, and these resources allow the company to distinguish itself from its competitors.
When a company uses value-added resources, it creates a unique competitive advantage that cannot be replicated quickly. This is because the company has something that its rivals don't have, and it can leverage that advantage to increase its profits. Hence, we can conclude that value-added resources are the most effective technique for negating the leading firm's competitive advantage.
Learn more about competitive advantage here: https://brainly.com/question/30516877
#SPJ11