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1 year ago

If you have many competing financial goals, what should you do to help yourself focus on the most important ones

Business

2 answers:

Sunny_sXe [5.5K]1 year ago

5 0

Answer:

b. prioritize and make a budget.

Explanation:

Comprehending the drive and purpose behind one's objectives will help broaden their mind and allow people to think about why they set the targets initially. Financial priorities are perfect because they're helping people establish an ambitious plan for their life to move ahead. To balance competing financial objectives, one needs to think about which goals are already in place, which ones may be pending for a few years, and what adjustments one might like to add to their budget.

CaHeK987 [17]1 year ago

3 0

Answer:

b. prioritize and make a budget

Explanation:

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Toys-For-All is a toy manufacturing company. As the new production manager, Craig notices that the production unit has been unde

disa [49]

Answer:

Procedure that is used in order to produce the desired quantity of products being produced.

Explanation:

Based on the information being described in this scenario it can be said that the HR specialist will have Craig define the Procedure that is used in order to produce the desired quantity of products being produced. Without this information the HR specialist can not help him conduct a work flow analysis because he does not have the information required to know what the employees should be doing and how the current company is working.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0

2 years ago

Choosing firm goals for your business

meriva

A. allows you to diversify as opportunities develop.

4 0

2 years ago

Read 2 more answers

g The Nite Lite Factory produces two products - small lamps and desk lamps. It has two separate departments - finishing and prod

almond37 [142]

Answer:

$7.20

Explanation:

Given the following :

FINISHING department :

overhead budget = $550,000

direct labor HOURS = 500,000

PRODUCTION department :

overhead budget = $400,000

direct labor hours = 80,000

Predetermined allocation rate for finishing department :

Overhead / allocation base = ($550,000 / 500,000) = $1.10 per direct labor hour

Predetermined allocation rate for production department :

Overhead / allocation base = ($400,000 / 80,000) = $5 per direct labor hour

If the budget estimates that a desk lamp will require 2 hours of finishing and 1 hour of production:

Finishing department :

(2 × Predetermined allocation rate for finishing department)

= (2 × $1.10) = $2.20

Production :

(1 × Predetermined allocation rate for production department)

= (1 × $5). = $5

Total = ($2.20 + $5) = $7.20

3 0

2 years ago

Computing Depreciation and Accounting for a Change of Estimate Lambert Company acquired machinery costing $110,000 on January 2,

lesya692 [45]

Answer: please see answers in explanation column

Explanation:

a) Under straight-line method,

Depreciation expense =(Cost - residual value) ÷ No of years =

= ($110,000 - $15,000) ÷ 6 years = $15,833 which refers to the yearly depreciation expense.

Therefore, the yearly depreciation expense of $15,833 will be applied to the Years 2019, 2020 and 2021.

Total depreciation for all the three years equals

$15,833 x 3 years = $47,499.

(b) The double-declining method

which is 2 x Straight - Line Depreciation Percentage x Book value

Straight - Line Depreciation Percentage

100% ÷ 6 years = 16.67%,

Therefore, Year 2019= 2 x 16.67% x $110,000 = $36,663

Year 2020=2 x 16.67% x $73,337 ($110,000 - $36,663) = $24,443

Year 2021=2 x 16.67% x $48,894 ($73,337 - $24,443) = $16,296

The total of the three years ie 2019 to 2021 =$77,402

(c) Given that in 2021 which is after 2 years, the revised estimated useful life becomes 7 years and the residual value is $10,000

Depreciation Using the straight-line method becomes

Depreciation expense =(Cost - residual value) ÷ No of years

But Net Book Value, which is the cost at the end of 2019

$110,000 - $15,833 x 2 years = $78,334

Therefore, Depreciation expense= ($78,334 - $10,000) ÷ 7 years = $9,762

Also,

Using double-declining method,

Straight - Line Depreciation Percentage = 100% ÷ 7 years = 14.29%,

Year 2021,

2 x 14.29% x $48,894 ($73,337 - $24,443) = $13,969

6 0

1 year ago

A company purchased a tract of land for its natural resources at a cost of $1,000,000. It expects to harvest 5,000,000 board fee

hram777 [196]

Answer:

The correct answer is $0.16.

Explanation:

According to the scenario, the given data are as follows:

Total cost = $1,000,000

Total units = 5,000,000

Salvage value = $200,000

So, we can calculate the depletion expense per board foot by using following formula:

Depletion expense = ( Total cost - Salvage value) ÷ Total Units

By putting the value, we get

Depletion expense = ( $1,000,000 - $200,000) ÷ 5,000,000

= $0.16

5 0

2 years ago