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3 years ago

Select the benefits of monitoring goal progress.

Business

2 answers:

kobusy [5.1K]3 years ago

8 0

Keeps you on track or gives you feedback.

yaroslaw [1]3 years ago

3 0

Answer:

The correct answer is: all of the above.

Explanation:

Monitoring progress is helpful to find out at what point of the path we are in order to achieve a goal. In case everything is not going on as planned, it is useful as feedback so we can look up the points where we are failing to improve the situation. Besides, it measures in terms of time how long we are taking to reach our objective which allows us to keep us on track on the steps we have to follow. Monitoring progress also creates a sense of responsibility since it is a gauge that proves the achievement we want to get was taken seriously by us by constantly analyzing what we are doing for it.

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On August 2, Jun Co. receives a $8,000, 90-day, 11.0% note from customer Ryan Albany as payment on his $8,000 account receivable

GarryVolchara [31]

Answer:

August 2 Notes Receivable 8000 Dr

Accounts Receivable- Ryan 8000 Cr

October 30 Interest receivable 220 Dr

Interest Revenue 220 Cr

October 31 Cash 8220 Dr

Notes Receivable 8000 Cr

Interest Receivable 220 Cr

Explanation:

When we receive the Note against the Accounts Receivable, we will credit the Accounts Receivable to close the account of Ryan and create a new current asset account of Notes Receivable on August 2.

On October 30, 90 days period of Note is complete so we will record the interest that is receivable for us on this note.

Interest Receivable = 8000 * 11% * 90/360 = $220

We record this as Interest Receivable as we have not received this and credit Interest revenue as it is our income.

On 31 October, when we receive cash it will be total of Notes payable and Interest so we will debit cash by 8220 and credit the Notes payable and interest receivable.

8 0

4 years ago

Stuart Pointers Corporation expects to begin operations on January 1, year 1; it will operate as a specialty sales company that

andrey2020 [161]

Answer:

Explanation:

The preparation of sales budget for the first quarter of year

Sales budget for the first quarter

Jan Feb March

Sales $260,000 $312,000 $374,400

Working Note

For Feb Sales = $260,000 × (100 + 20%)

= $260,000 × 120%

= $312,000

For March Sales = $312,000 × 120%

= $374,400

The amount of sales revenue Stuart will report on the year 1 first quarterly pro forma income statement is shown below:-

Jan Sales = $260,000

Feb Sales = $260,000 × (100 + 20%)

= $260,000 × 120%

= $312,000

March Sales = $312,000 × 120%

= $374,400

Total Sales = $260,000 + $312,000 + $374,400

= $946,400

The preparation of cash receipts schedule for the first quarter of year is shown below:-

Jan Feb March

Jan Sales collection $182,000 $54,600 $23,400

($260,000 × 70%) ($260,000 × 21%) ($260,000 × 9%)

Feb Sales collection $218,400 $65,520

($312,000 × 70%) ($312,000 × 21%)

March Sales collection $262,080

($374,400 × 70%)

Total cash collections $182,000 $273,000 $351,000

The amount of accounts receivable is given below:-

Receivables

Out of Feb Sales $28,080

($312,000 × 9%)

Out of March Sales $112,320

($374,400 × (21% + 9%))

Total receivables $140,400

3 0

3 years ago

An employee of yours is 57 years old and is taking an RS5000 class to learn how to program the next generation of Programmable L

Firlakuza [10]

Answer:

D. maintenance

Explanation:

The stages of career development according to Donald Super are divided into 5; the first is the growth stage, the second is exploration stage, the third is establishment and the fourth is the maintenance stage and the fifth is the disengagement stage

In the maintenance stage, the age range is from 45 - 59 years. Such employees are holding on in their chosen profession, the are also updating their skills in that profession (the employee's class to learn how to program the next generation of programmable logic controllers)

Employees in the area of technology in the maintenance stage especially feel like abreast happenings, innovation and development so this pushes them to further develop themselves.

5 0

3 years ago

Andrew decides to wait until age 65 to begin receiving social security benefits. find the present value of his estimated $26,000

stellarik [79]

We can solve this problem by using the formula for finding the present value given the annuity values. The formula is given as:

P = A * [(1 + i)^n – 1] / i (1 + i)^n

Where,

P = present value of the annuity

A = the annuity value = $26,000

i = interest rate = 0.06

n = number of years = 90 – 65 = 25

Substituting the given values to the equation:

P = 26,000 * [(1 + 0.06)^25 – 1] / 0.06 (1 + 0.06)^25

P = 26,000 * 12.783356183

P = $332,367.26

<span>Therefore the present value of his social security benefits will be about $332,367.26</span>

3 0

4 years ago

Dollar-value LIFO:

k0ka [10]

Answer:

a. Starts with ending inventory measured at current costs and re-creates LIFO layers for measuring inventory costs.

Explanation:

Dollar-value LIFO refers a technique of accounting that employed for inventory based on the last-in-first-out model.

To obtain the dollar-value LIFO, the conversion price index that will be used to calculate the LIFO cost layer for each period must be calculated first.

Therefore, Dollar-value LIFO starts with ending inventory measured at current costs and re-creates LIFO layers for measuring inventory costs.

7 0

4 years ago