Answer:
PLANNING
Explanation:
Planning is the management function and process of thinking about the activities required to achieve a desired goal.
It is the first and foremost activity to achieve desired organizational results.
It involves the creation and maintenance of a plan, such that if the plan is followed, organizations can achieve their goals
Planning is also a management process, concerned with goal definition for a company's future direction and determines the resources to achieve such goals. To achieve goals, managers may develop plans, such as a business plan, sales plan or a marketing plan
Answer:
Net income$ 1,982
Explanation:
Preparation of income statement for Krafty Foods for the year ended December 31, 2021
Krafty Foods Income Statement For the Year Ended December 31, 2021
($ in millions)
Operating revenues 34,375
Less Cost of goods sold 17,631
Gross profit 16,744
Marketing, general and administration expenses
11,560
Operating income 5,184
(16,744-11,560)
Interest and other debt expense, net
1,537
Income before taxes 3,647
(5,184-1,537)
Income tax expense 1,665
Net income$ 1,982
(3,647-1,665)
Therefore the Net income of the income statement for Krafty Foods for the year ended December 31, 2021 will be $1,982
Answer:
$0.53 per share
Explanation:
The computation of basic earnings per share is shown below:-
Basic earnings per share = (Net income - Preferred dividend) ÷ (Outstanding common stock)
= ($50,000 - $2,000) ÷ (40,000 × 2) + ($10,000 × 6 ÷ 12 × 2)
= $48,000 ÷ (80,0000 + $10,000)
= $48,000 ÷ $90,000
= $0.53 per share
Therefore for computing the basic earnings per share we simply applied the above formula.
Answer:
5.75%
Explanation:
to determine the effective cost of the debt, we can use an excel spreadsheet and the IRR function:
- present value = -1,016
- payments 1 - 7 = 90
- payment 8 = 1,090
effective interest rate = 8.71%
we can also calculate the answer using the annuity and present value formula:
1,016 = [90 x ({1 - [1 / (1 + i)⁸]} / i)] + [1,000 / (1 + i)⁸]
but it's much more complicated and the result is the same.
since the effective interest rate = 8.71%, then the after tax rate = 8.71% x (1 - 34%) = 8.71% x 0.66 = 5.7486% ≈ 5.75%
Answer:
Bank B is the better investment
Explanation:
Investment = P = $2,000
Number of years = n = 10
If the She invest in Bank A
r = 8.5% simple interest
Accumulated value after 10 years = A =P + (P x r x n) = $2,000 + ( $2,000 x 8.5% x 10 ) = $2,000 + $1,700 = $3,700
If the She invest in Bank B
r = 8% Compounded yearly
Accumulated value after 10 years = A = P x (1 + r )^n = $2,000 x ( 1 + 8% )^10 = $2,000 x ( 1 + 0.08 )^10 = $2,000 x ( 1.08 )^10 = $2,000 x 2.1589 = $4,317.8
= $4,318
Hence Bank B is the better investment because it make more money than in Bank A after 10 years.
