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polet [3.4K]
2 years ago
7

Bill lays out a goal for Larry, the head of his printing department. He wants Larry to print exactly 500,000 books, which will b

e tracked by the counter on the book binding machine. Bill knows Larry can do this because they have printed that many books before. What does Bill need to add to make this a S.M.A.R.T. goal?
Business
1 answer:
Andrews [41]2 years ago
5 0

Answer:

S.M.A.R.T is an acronym that stands for Specific, Measurable, Achievable, Relevant, and Time-related. It is a useful tool in guiding goal setting and can help turn a plan to actual result.

For Bill to make this a S.M.A.R.T goal to be achieved by Larry, he needs to set a deadline (i.e time boundary) for when the printing should be achieved.

Explanation:

Looking at the scenario, the goal is specific to print a specific number of books. It is measurable as it can be tracked by the counter on the book binding machine. It is achievable as that number has been printed by the department before. It is also relevant because as a printing department the function of the department should be printing.

Hence, the only factor left is relating to the time-frame for achieving the goal.

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Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to r
ololo11 [35]

Answer: B) Open to Trial

Explanation:

6 0
2 years ago
A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the
xz_007 [3.2K]

Answer:

$3,900

Explanation:

A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years?

Round the answer to nearest dollar.

Amount of depreciation per annum =  13,000 x 10% = $1,300

Amount of depreciation in 7 years = 1,300 x 7 = $9,100

Value of Speed boat after 7 years = 13,000 - 9,100 = $3,900

6 0
2 years ago
Hamrick Industries makes and sells two products. The demand for both products is unlimited. Product A has a contribution margin
sergejj [24]

Answer:

Product A because the contribution margin per MH is $23.33

Explanation:

In terms of efficiency, you have to look for the highest outcome with the fewer use of resources. In this case, the resources available are the machines, and the outcome is the profit (margin per unit). Applying the formula:  Efficiency producing X (Ex) = [(1 hour of machine hour) / (Product x timed used per unit)]Margin per unit X, and comparing products A and B, you get that producing A is more efficient in terms of profits than producing B, by $10,1 per hour (23,33 - 13,2)

8 0
2 years ago
Read 2 more answers
Last year, you estimated you would earn $5 million in sales revenues from developing a new product. So far, you have spent $3 mi
luda_lava [24]

Answer:

The answer is b. Up to $4 million.

Explanation:

It is critical to recognize that $3 million already spent on developing the product is the sunk cost, which is irrelevant cost that should not be included in the budget further spend for the new product.

As the new product is expected to generate a revenues of $4 million, the further cost should be spent on the new product development should not be exceeded the $4 million.

Thus, the answer is b. Up to $4 million is the correct choice.

8 0
2 years ago
Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,800,000 shares issued; Additional Paid-i
Fittoniya [83]

Answer:

Total Stockholder's Equity is $26,276,000.

Explanation:

                Stockholders’ equity section of the balance sheet

Common Stock @ $1          $1,800,000

Additional Paid-in Capital, $1,6200,000

Retained Earnings,             $9200,000

Less: Treasury Stock          <u>$924,000</u>

Total Shareholders Equity $26,276,000

As treasury stock is the contra equity account so its value will be deducted from equity. So total Stockholder's Equity is $26,276,000.

6 0
2 years ago
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