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Flura [38]
2 years ago
6

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the org

anization attain its goals is known as a(n)
Business
1 answer:
fredd [130]2 years ago
7 0

Strategy is the The plan of action that prescribes resource allocation and other activities.

<h3>What is a strategy?</h3>

This is a  term that is used to refer to the action plan that people have developed towards finding solutions to existing problems.

The strategy that is employed in issues is usually one that is to be used to create an ending to the problem that may be in existence.

Read more on strategy here:

brainly.com/question/24769299

#SPJ9

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Explanation:

Calculation for What is Hofnim's net income for the month of September

Hofnim's NET INCOME

Fees Earned 64,000

Less Miscellaneous Expense (19,700)

Less Rent Expense (5,100)

Less Wages Expense (16,450)

NET INCOME $22,750

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Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6 years. Option B will pay $1,
Papessa [141]

Answer:

  • <u><em>Option B. $1,025 a month for 10 years.</em></u>

Explanation:

Calculate the present value of each option:

     \text{Monthly rate: } 6.8\%/12 = 0.068/12 = 0.005\overline 6

Formula:

        PV=C\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]

Where:

  • PV is the present value of the constant monthly payments
  • r is the monthly rate
  • t is the number of moths

<u>1. Option A will provide $1,500 a month for 6 years. </u>

         PV=$\ 1,500\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(6\times12)}}\bigg]

         PV=\$ 88,479.23

<u>2. Option B will pay $1,025 a month for 10 years. </u>

         PV=$\ 1,025\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(10\times12)}}\bigg]

         PV=\$ 89,068.22

<u>3. Option C offers $85,000 as a lump sum payment today. </u>

<u></u>

  • PV = $85,000
<h2 /><h2> Conclusion:</h2>

The present value of the<em> option B, $1,025 a month for 10 years</em>, has a the greatest present value, thus since he is only concerned with the <em>financial aspects of the offier</em>, this is the one he should select.

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