Answer: Formulate criteria; so that the group members know the group goal and when it has developed a good solution
Explanation:
Standard agenda came about through John Dewey and he refered to it as the process whereby through reflective thinking, individuals find solutions to issues.
Based on the information given in the question, using the standard agenda approach, the task that they should primarily focus on is to formulate criteria to enable group members know the group goal and when it has developed a good solution.
Answer:
- Annual rate = 8%
- Semiannual rate = 4%
Explanation:
The present value of the amount that is to be paid periodically:
= Fair value - Down payment
= 890,082 - 216,000
= $674,082
This is a semi annual payment so the variables need to be converted as such:
Period = 5 years * 2 = 10 semi annual periods
This payment is constant so it is an annuity.
Present value of annuity = Annuity * Present value interest factor, 10 periods, x percent
674,082 = 83,108 * Present value interest factor, 10 periods, x percent
Present value interest factor, 10 periods, x percent = 674,082 / 83,108
= 8.1109
If checked in the PVIFA Table, 8.1109 at 10 periods corresponds with 4%.
The annual interest rate is therefore:
= 4% * 2
= 8%
The company should sell product xy as it is
and should not process it further.
Given:
Original
Incurred cost of $5,000
No. of units is 6,400
Price per unit is $33
Processed product
No. of units is 6,400
Costs for further processing is $8/unit
New price per unit is $39
First, know the total costs
Original: $5,000
Processed: 6,400 x $8 = $51,200
Next, find the sales revenue for the original
and processed product
Original: $33 x 6,400 = $211,200
Processed: $39 x 6,400 = $249,600
Then, get the net profit for the original and
processed product
Original: $211,200 - $5,000 = $206,200
Processed: $249,600 - $51,200 = $198,400
With the data provided, you can find out that
the net profit is higher on the original/unprocessed product compared to the
processed product even if the selling price and revenue is much higher.
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