Answer: Company mission
Explanation: The company mission refers to the objectives mentioned in the mission statement of the organisation. It is a short statement which describes why the organisation exists and what are its goals. This statement also states the location of the organisation and other important factors like major customers.
In the given case, Craftmaples has the purpose of traditional handicrafts. Thus, all their operations and activities will move towards this one goal.
Hence from the above we can conclude that this case is an example of mission statement.
Answer:
A)The first cash flow of an annuity due is made on the first day of the agreement.
D)The last cash flow of an ordinary annuity is made on the last day covered by the agreement.
Explanation:
An annuity can be regarded as a series of payments which is made at an stable intervals. It can be classified based on the payment frequency. These could be monthly home mortgage payments,
It should be noted that in annuities,
✓The first cash flow of an annuity due is made on the first day of the agreement.
✓The last cash flow of an ordinary annuity is made on the last day covered by the agreement.
Answer:
Net operating income= 565,000
Explanation:
Giving the following information:
Krazy Kayaks sells its entry-level kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per month for volumes up to 1,100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60,000.
Sales= 2,500*750= 1,875,000
COGS= (500*2,500)= (1,250,000)
Gross profit= 625,000
Fixed costs= (60,000)
Net operating income= 565,000
Answer:
FED raise the federal funds rate target by 0.5%
FED raise the federal fund rate target by 2%
Explanation:
Taylor Rule states that Federal Funds should raise rates when inflation rises. When Gross domestic products growth of a country is high and above potential level then FED should raise rates. When inflation rises by 1% above target level then federal funds should raise FED by 2%.
Answer:
Central, Peripheral
Explanation:
The advert is intended to highlight the pros of the particular car. However, the ad agency recognizes that to convince prospective buyers they must explore different options to persuasion. The car's safety and gas mileage are the Central Route. The driving fun is the Peripheral
