Answer:
1. using plans as a standard for measuring performance.
Explanation:
Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.
It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.
In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.
Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.
Answer:
By how much are customers paying early or late?
Explanation:
Days sales outstanding (DSO) represents the average number of many days it takes a business to collect its accounts receivables.
DSO = (accounts receivables / total credit sales) x 365 days
DSO = ($60,000 / $325,000) x 365 days = 67.38 days
customers are paying late by 67.38 days - 45 days = 22.38 days
Answer:
It is more convenient to sell the units unfinished by $500.
Explanation:
Giving the following information:
Units= 1,000
Unfinished:
Selling price= $4.00 per unit.
Complete:
Incremental costs= $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead
Selling price= $8.00 each.
We need to calculate the gross profit of each option and choose the more convenient:
Unfinished:
Gross profit= 1,000*4= $4,000
Complete:
Gross profit= 1,000*(8 - 4.5)= $3,500
It is more convenient to sell the units unfinished by $500.
<span>Actually motorist best approach here is to trying to figure out the correct removing rotation of lug nuts, then rotate in that direction it smoothly as possible by applying some oil or grease,which will surely do the need of the motorist to change the flat tire safely, instead of pushing or pulling it hard, which not solve the problem at all even after lot of time and energy,</span>
Answer:<u> Selling Price = $9803.92</u>
Explanation:
Given:
Treasury bill will provide 2% return in every 6 months.
Time = 6 months
Rate of return = 2% per 6 months
Selling Price of Treasury bill = 
Selling Price = 
<u><em>Hence price we would expect a 6-month maturity Treasury bill to sell for is $9803.92</em></u>
