Answer:
Strategic plan.
Explanation:
Strategic planning is defined as the process of the firm analyze the internal and external environments for the purpose of formulating strategies and allocation resources to develop a competitive advantage in an industry that allows for the successful achievement of organizational goals.
Supplies the organization with tools that promote future thinking, applies the system approach, allows for setting goals and strategies, provides a common framework for decisions and communications, and relies on measuring performance.
b. False
b. $87,500
c. $56,250
d. $53,750
Answer:
d. $53,750
Explanation:
Balance in work-in process = Cost of Job Z3 + Cot of Job Z4
= 35000 + 18750
= $53,750
Therefore, The balance in work-in process for Wright at the end of December is $53,750.
b.$550,000
c.$375,000
d.$400,000
Answer:
a. $425,000
Explanation:
Calculation of compensated absences expense for the year
Closing balance of compensated absences = $150,000
+ Payments made for compensated expenses = $400,000
- Opening balance of compensated absences = - $125,000
Compensated absences expense for the year = $425,000
Answer:
37.02%
Explanation:
we need to calculate r in the following equation: FV = PV (1 + r)ⁿ
$600,000 = $10,000 (1 + r)¹³
$600,000 / $10,000 = (1 + r)¹³
60 = (1 + r)¹³
¹³√60 = 1 + r
1.3702 = 1 + r
r = 1.3702 - 1 = 0.3702 or 37.02%
*to determine ¹³√60 in a non-scientific calculator, find 60∧(1/13). Determine 1/13 first, add to the calculator's memory, then 60∧MR (memory recovery)
The annual compounded interest rate that represents a growth from $10,000 to $600,000 over 13 years is approximately 37.49% when rounded to two decimal places.
To find the annual compounded interest rate, we can use the formula for compound interest, which is A = P(1 + r)n, where A is the amount of money accumulated after n years, including interest, P is the principal amount, r is the annual interest rate (as a decimal), and n is the number of years the money is invested. In this case, the final amount A is $600,000, the principal amount P is $10,000, and the number of years n is 13.
The equation can be rearranged to solve for r:
600,000 = 10,000(1 + r)13
(1 + r)13 = 600,000 / 10,000
(1 + r)13 = 60
Now, we take the 13th root of 60 to find (1 + r), and then subtract 1 to find the rate:
1 + r = 601/13
r = 601/13 - 1
Using a calculator, we find that r ≈ 0.3749 or 37.49% when rounded to two decimal places.
#SPJ3
Answer:
Rate of return = 6.5%
Explanation:
Given:
Initial investment = $6,000
Current market price = $15 per share
Number of stock = 400
Missing Growth rate = 8%
Find:
Rate of return
Computation:
Increase in investment = $6,000 x 8%
Increase in investment = $480
Interest paid = $3,000 x 9.5%
Interest paid = $285
Rate of return = [480 - 285]/3,000
Rate of return = 6.5%