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2 years ago

The first three steps of the strategic management process involve ________ strategies.

Business

1 answer:

Lina20 [59]2 years ago

3 0

The first three steps of the strategic management process involve <u>planning</u> strategies.

Strategic planning is a system in which an agency's leaders outline their imaginative and prescient destiny and become aware of their agency's desires and goals. The method consists of setting up the sequence in which the goals should be realized in order that the business enterprise can reach its stated vision.

Inside making plans, there are 4 important categories: strategic, tactical, operational, and contingency planning. Strategic planning is a manner that groups use to determine their dreams and targets.

Strategic planning is an agency's procedure of defining its approach or direction and making selections on allocating its assets to achieve strategic goals. it is able to also extend to govern mechanisms for guiding the implementation of the strategy.

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What does an exchange rate tell you?

saw5 [17]

Answer:

C. How much one unit of currency is worth when converted to another currency

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3 years ago

Read 2 more answers

Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $137.50. The following vouchers were issue

mafiozo [28]

Answer:

1. Dr Petty cash $137.50

Cr Cash $137.50

2. Dr Postage due $ 3.40

Dr Office supplies $13.00

Dr Auto repair (miscellaneous) $40.00

Dr Drawing (Joy Adams) $23.00

Dr Donation (Red Cross) $8.00

Dr Travel expenses $24.00

Dr Postage stamps $3.10

Dr Phone call $4.00

Dr Donation (Boy Scouts) 18.00

Cr Cash $136.50(

3. Dr Petty cash $1.00

Cr Cash $1.00

Explanation:

1. Preparation of the journal entry to establish the petty cash fund.

Dr Petty cash $137.50

Cr Cash $137.50

(Being to establish the petty cash fund)

2. Preparation of the journal entry to Record the vouchers in the petty cash record. .

Dr Postage due $ 3.40

Dr Office supplies $13.00

Dr Auto repair (miscellaneous) $40.00

Dr Drawing (Joy Adams) $23.00

Dr Donation (Red Cross) $8.00

Dr Travel expenses $24.00

Dr Postage stamps $3.10

Dr Phone call $4.00

Dr Donation (Boy Scouts) 18.00

Cr Cash $136.50

($3.40+$13+$40+$23+$8+$24+$3.10+$4+$18)

(Being to Record the vouchers in the petty cash record)

3. Preparation of the journal entry to replenish the petty cash fund.

Dr Petty cash $1.00

Cr Cash $1.00

($137.50-$136.50)

(Being to replenish the petty cash fund)

4 0

3 years ago

Private savings equals:_______.

Sever21 [200]

Answer:

a. income after taxes - consumption.

Explanation:

Private savings is the amount that is saved in a household. The salary earners in a household usually get their income(salary or wages) in which a percentage is removed as tax. The remainder of the money is used to finance the home.

The private savings is simply gotten by income tax minus the consumption.

8 0

3 years ago

Orders for clothing from a particular manufacturer for this year's Christmas shopping season must be placed in February. The cos

antoniya [11.8K]

Based on the concept of expected value, the units that the company should order to meet February demand is <u>57 units.</u>

<h3>What is expected value?</h3>

In mathematics under the probability distribution theory, the expected value is the weighted average of possible values of some random variables. The weights are based on the theoretical probabilities of the variables.

<h3>Data and Calculations:</h3>

Cost per unit = $20

Selling price per unit = $50

<h3>Projected Demand</h3>

Demand Units Probability Expected Demand Units

1. 50 units 40% 20 units (50 x 40%)

2. 60 units 50% 30 units (60 x 50%)

3. 70 units 10% 7 units (70 x 10%)

Total expected demand units = 57 units

Thus, the expected demand in February is <u>57 units</u>.

Learn more about calculating expected values at brainly.com/question/10675141

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3 years ago

Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.

Naily [24]

Answer:

Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable 23,600

Cash 22,892

Dr Merchandise inventory 708

(Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

Dr Sales discount 708

Cr Account receivable 23,600

Explanation:

Preparation of the Journal entry for Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable (25,000-1400) 23,600

Cash (23,600*97%) 22,892

Dr Merchandise inventory 708

(23,600*3%)

Preparation of Journal entry (Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

[(25,000-14000)*97%]

Dr Sales discount 708

[(25,000-14000)*3%]

Cr Account receivable 23,600

8 0

3 years ago