After completing the organizational assessment, Matthew's next step should be to formulate the functional strategies.
The action plans that a company develops in different areas to achieve its objectives and goals in the short and long term are called functional strategies.
It is the set of strategies of the areas:
- Commercial
- Financial
- Marketing
- Production
- Human Resources
- Distribution
- Technology
As a company is an integrated system that works to achieve a common goal, which in general is to be profitable and competitive in the market, the functional strategies must be aligned with those at the corporate and organizational level.
Therefore, the formulation of functional strategies is essential for the integration and optimization of organizational resources in order to achieve a company's objectives and goals.
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Answer:
The correct answer is letter "E": a trade credit.
Explanation:
Trade credit implies a customer buying products from a seller that helps the purchaser to later pay for the goods. Essentially, the seller provides the buyer with a short-term loan. Typical terms of trade credit must be charged for <em>30 days</em>, but may also be <em>45, 60, 90, </em>or <em>180 days</em> in some situations.
Answer:
Use a credit card and pay off something each month.
For example, a spotify membership with a student discount is $5 a month, these monthly payments will help increase your credit.
Explanation:
Answer:
Betty Incorporated
Journal Entries:
June 3:
DR Inventory $7,100
CR Accounts Payable (North Inc.) $7,100
To record the purchase of goods on account with terms 2/10, n/30.
June 5:
DR Accounts Payable (North Inc.) $2,600
CR Inventory $2,600
To record the return of goods on account.
June 6:
DR Inventory $2,500
CR Accounts Payable (South Corp.) $2,500
To record the purchase of goods on account with terms 2/10, n/30.
June 11:
DR Accounts Payable (North Inc.) $4,500
CR Cash Account $4,410
CR Cash Discount $90
To record the payment of balance owed to North Inc.
June 22:
DR Accounts Payable (South Corp.) $2,500
CR Cash Account $2,500
To record the payment of balance owed to South Corp.
Explanation:
The trade terms 2/10, n/30 mean that both North Inc. and South Corp. offered 2% cash discounts on amount paid by Betty Incorporated if it could settle its bills within 10 days. The net allowed credit days are 30 days, after which Betty Incorporated could be charged interest for late payment. It did not utilize the discount offered by South Corp. as it paid its bills after 16 days instead of within 10 days as stated in the trade terms.
Answer:
Note: The correct option is a. Increase Net Cash from operations.
Explanation:
Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:
a. Increase Net Cash from operations
b. Decrease Net Cash from operations on the Cash Flow Statement
c. No impact on Net Cash from operations
d. Just impact the Balance Sheet
The explanation of the answers is now provided as follows:
Since the assets was purchased early in the year, depreciation will be charged on it in the income statement for the year at the end of the year. Since depreciation is a non-cash item, it will added back to the net income in the indirect Cash Flow Statement method as one of the adjustments to the net income under the Cash from operations. This adding back of the depreciation will therefore lead to an Increase Net Cash from operations.
Therefore, the correct option is a. Increase Net Cash from operations.
